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Compare BMO Low Volatility US Equity ETF (ZLU) vs iShares MSCI USA Minimum Volatility Index ETF (XMU) to find the best fit for your portfolio. ZLU provides Utilities, Health Care, and Information Technology exposures, while XMU is primarily weighted in Information Technology, Health Care, and Financials. When evaluating costs, ZLU features a management fee (MER) of 0.3%, compared to 0.3% for XMU. Performance-wise, ZLU has returned 5.59% year-to-date with -$35 M in net flows, whereas XMU is at 0.06% with -$2 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
ZLU
XMU
| AuM | $2,244.09 M | $373.82 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.33% |
| Tracking Difference | - | -0.06% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLU | +0.39% | +1.77% | +5.59% | +11.54% | +30.70% |
XMU | +1.35% | -1.06% | +0.06% | +3.26% | +32.96% | |
| Flows | ZLU | +$9 M | -$64 M | -$35 M | -$33 M | +$278 M |
XMU | +$7 M | -$4 M | -$2 M | +$21 M | -$51 M |
ZLU vs XMU exposure
Countries
ZLU
USA
96.89%
XMU
USA
93.40%
Sectors
ZLU
Utilities
20.92%
Health Care
17.98%
Information Technology
17.22%
Consumer Staples
12.43%
Financials
11.33%
Industrials
7.09%
Other
13.04%
XMU
Information Technology
28.69%
Health Care
13.37%
Financials
11.82%
Consumer Staples
9.91%
Utilities
7.70%
Industrials
7.10%
Other
21.40%
As of April 24, 2026
Top 10 Holdings
ZLU
CORNING
4.30%
CBOE GLOBAL MARKETS INC
3.15%
JOHNSON&JOHNSON
2.96%
AKAMAI TECHNOLOGIES
2.56%
MOTOROLA SOLUTIONS
2.41%
CISCO-T
2.38%
CONSOLIDATED EDISON
2.22%
NEWMONT CORP
2.12%
NORTHROP GRUMMAN
2.05%
LOCKHEED MARTIN
1.85%
XMU
EXXON
1.79%
DUKE ENERGY
1.60%
VERIZON COMMUNICATIONS
1.59%
CISCO-T
1.56%
SOUTHERN
1.56%
JOHNSON&JOHNSON
1.55%
CHUBB LTD
1.52%
WASTE MANAGEMENT
1.48%
MOTOROLA SOLUTIONS
1.47%
BERKSHIRE HATHWAY
1.46%
Diversification
ZLU
Total weight of top 10 holdings out of 103 total
26.02%
XMU
Total weight of top 10 holdings out of 170 total
15.58%
Characteristics
Compare
ZLU
XMU
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI USA Minimum Volatility Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.80% | 1.17% |
| Meets ESG criteria | No | No |
| Inception Date | March 27, 2013 | July 24, 2012 |
Frequently asked questions about ZLU and XMU
Which ETF has performed better year to date: ZLU or XMU?
As of April 24, 2026, ZLU has returned 5.59% year to date, while XMU has returned 0.06%. ZLU is ahead on YTD performance.
Which ETF is larger by assets under management: ZLU or XMU?
As of April 24, 2026, ZLU manages $2.24 B in assets, while XMU manages $373.82 M. ZLU is the larger fund by AUM.
How are ZLU and XMU managed?
ZLU is actively managed by BMO. It does not track an index. XMU is passively managed by iShares. It tracks the MSCI USA Minimum Volatility Net Total Return Index - CAD benchmark.
What sectors do ZLU and XMU emphasize?
ZLU is most exposed to Utilities, Health Care, and Information Technology. XMU is most exposed to Information Technology, Health Care, and Financials.
Which ETF is attracting more investor flows: ZLU or XMU?
Year to date, ZLU has seen -$34.96 M in net flows, compared with -$2.33 M for XMU. XMU has attracted more net investor money so far.
How do the fees of ZLU and XMU compare?
ZLU has an expense ratio of 0.33%, while XMU has an expense ratio of 0.33%.
What are the top holdings of ZLU and XMU?
ZLU's largest holdings include CORNING, CBOE GLOBAL MARKETS INC, and JOHNSON&JOHNSON. XMU's top holdings include EXXON and DUKE ENERGY.
Which ETF is more diversified: ZLU or XMU?
ZLU holds 103 securities, while XMU holds 165. On holdings count, XMU is the more diversified portfolio.
Recent articles about ZLU and XMU
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