BMO US Dividend ETF (ZUD) and iShares US Fundamental Index ETF (CLU.C) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZUD focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while CLU.C leans towards Technology, Finance, and Healthcare. When evaluating costs, ZUD features a management fee (MER) of 0.3%, compared to 0.65% for CLU.C. Performance-wise, ZUD has returned 13.97% year-to-date with -$4 M in net flows, whereas CLU.C is at 20.6% with -$9 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
ZUD
CLU.C
| AuM | $155.65 M | $102.09 M |
| Management Fees | 0.30% | 0.65% |
| Exp. ratio | 0.33% | 0.72% |
| Tracking Difference | - | -0.06% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUD | -1.57% | +1.02% | +13.97% | +15.41% | +64.23% |
CLU.C | +3.02% | +3.35% | +20.60% | +23.34% | +79.02% | |
| Flows | ZUD | +$0 M | -$4 M | -$4 M | -$6 M | -$8 M |
CLU.C | +$0 M | -$5 M | -$9 M | -$9 M | -$19 M |
ZUD vs CLU.C exposure
Countries
ZUD
USA
98.27%
CLU.C
USA
97.35%
Sectors
ZUD
Technology
32.44%
Finance
15.94%
Healthcare
11.45%
Consumer Non-Cyclicals
9.89%
Energy
8.63%
Other
21.65%
CLU.C
Technology
25.32%
Finance
18.98%
Healthcare
12.79%
Consumer Non-Cyclicals
9.39%
Energy
8.50%
Industrials
7.79%
Other
17.22%
As of October 16, 2026
Top 10 Holdings
ZUD
Dell Technologies, Inc.
4.08%
Apple, Inc.
3.98%
Cisco Systems, Inc.
3.58%
AbbVie, Inc.
3.54%
Philip Morris International, Inc.
2.93%
NVIDIA Corp.
2.91%
Broadcom Inc.
2.84%
Chevron Corp.
2.63%
QUALCOMM, Inc.
2.43%
JPMorgan Chase & Co.
2.04%
CLU.C
Apple, Inc.
4.37%
Alphabet, Inc.
3.43%
Microsoft Corp.
2.82%
Amazon.com, Inc.
2.19%
ExxonMobil Holdings Corp.
1.89%
Berkshire Hathaway, Inc.
1.76%
Intel Corp.
1.73%
JPMorgan Chase & Co.
1.70%
Meta Platforms, Inc.
1.39%
Chevron Corp.
1.34%
Diversification
ZUD
Total weight of top 10 holdings out of 95 total
30.96%
CLU.C
Total weight of top 10 holdings out of 988 total
22.62%
Characteristics
Compare
ZUD
CLU.C
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | RAFI Fundamental Select US 1000 NTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.55% | 1.10% |
| Meets ESG criteria | No | No |
| Inception Date | March 27, 2013 | April 7, 2009 |
Frequently asked questions about ZUD and CLU.C
Which ETF has performed better year to date: ZUD or CLU.C?
As of October 16, 2026, ZUD has returned 13.97% year to date, while CLU.C has returned 20.60%. CLU.C is ahead on YTD performance.
Which ETF is larger by assets under management: ZUD or CLU.C?
As of October 16, 2026, ZUD manages $155.65 M in assets, while CLU.C manages $102.09 M. ZUD is the larger fund by AUM.
How are ZUD and CLU.C managed?
ZUD is actively managed by BMO. It does not track an index. CLU.C is passively managed by iShares. It tracks the RAFI Fundamental Select US 1000 NTR Index - CAD benchmark.
What sectors do ZUD and CLU.C emphasize?
ZUD is most exposed to Technology, Finance, and Healthcare. CLU.C is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: ZUD or CLU.C?
Year to date, ZUD has seen -$4.28 M in net flows, compared with -$8.52 M for CLU.C. ZUD has attracted more net investor money so far.
How do the fees of ZUD and CLU.C compare?
ZUD has an expense ratio of 0.33%, while CLU.C has an expense ratio of 0.72%.
What are the top holdings of ZUD and CLU.C?
ZUD's largest holdings include Dell Technologies, Inc., Apple, Inc., and Cisco Systems, Inc.. CLU.C's top holdings include Apple, Inc., Alphabet, Inc., and Microsoft Corp..
Which ETF is more diversified: ZUD or CLU.C?
ZUD holds 95 securities, while CLU.C holds 988. On holdings count, CLU.C is the more diversified portfolio.
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