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FLUS.TO vs. ZDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLUS.TO vs. ZDY.TO

Last updated Jun 4, 2026

FLUS.TO (Franklin U.S. Large Cap Multifactor Index ETF) and ZDY.TO (BMO US Dividend ETF (CAD)) are both exchange-traded funds - FLUS.TO is a Large Cap Blend Equities fund tracking the LibertyQ U.S. Large Cap Equity Index, while ZDY.TO is a Dividend fund actively managed by BMO. FLUS.TO is passively managed, while ZDY.TO is actively managed. Over the past 5 years, FLUS.TO returned 16.75%/yr vs 13.55%/yr for ZDY.TO. A 0.62 correlation means they provide meaningful diversification when combined. FLUS.TO charges 0.29%/yr vs 0.30%/yr for ZDY.TO.

Performance

FLUS.TO vs. ZDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Franklin U.S. Large Cap Multifactor Index ETF (FLUS.TO) and BMO US Dividend ETF (CAD) (ZDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLUS.TO achieves a 13.62% return, which is significantly lower than ZDY.TO's 18.13% return.

FLUS.TO

1D
0.30%
1M
6.59%
YTD
13.62%
6M
8.27%
1Y
26.86%
3Y*
23.14%
5Y*
16.75%
10Y*
—

ZDY.TO

1D
-0.12%
1M
9.13%
YTD
18.13%
6M
10.45%
1Y
26.90%
3Y*
18.28%
5Y*
13.55%
10Y*
11.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLUS.TO vs. ZDY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETF		13.62%10.48%34.58%20.92%-10.01%25.42%8.39%21.78%4.67%8.71%
ZDY.TO
BMO US Dividend ETF (CAD)		18.13%4.45%26.22%4.58%1.64%22.92%-5.18%16.96%3.22%5.42%

Correlation

The correlation between FLUS.TO and ZDY.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2017

0.62

The correlation between FLUS.TO and ZDY.TO shifts across timeframes, from 0.51 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

FLUS.TO vs. ZDY.TO - Sectors Allocation Comparison

Sectors
FLUS.TO
ZDY.TO

Technology

34.3%
29.0%

Communication Services

12.2%
6.9%

Consumer Cyclical

11.5%
5.4%

Healthcare

10.5%
11.9%

Industrials

10.0%
4.4%

Financial Services

9.9%
9.5%

Consumer Defensive

4.4%
9.5%

Real Estate

2.9%
5.6%

Basic Materials

1.7%
1.6%

Utilities

1.6%
6.4%

Energy

1.0%
9.8%

Technology

FLUS.TO
34.3%
ZDY.TO
29.0%

Communication Services

FLUS.TO
12.2%
ZDY.TO
6.9%

Consumer Cyclical

FLUS.TO
11.5%
ZDY.TO
5.4%

Healthcare

FLUS.TO
10.5%
ZDY.TO
11.9%

Industrials

FLUS.TO
10.0%
ZDY.TO
4.4%

Financial Services

FLUS.TO
9.9%
ZDY.TO
9.5%

Consumer Defensive

FLUS.TO
4.4%
ZDY.TO
9.5%

Real Estate

FLUS.TO
2.9%
ZDY.TO
5.6%

Basic Materials

FLUS.TO
1.7%
ZDY.TO
1.6%

Utilities

FLUS.TO
1.6%
ZDY.TO
6.4%

Energy

FLUS.TO
1.0%
ZDY.TO
9.8%

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Franklin U.S. Large Cap Multifactor Index ETF

BMO US Dividend ETF (CAD)

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Often compared with ZDY.TO:
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Return for Risk

FLUS.TO vs. ZDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLUS.TO
FLUS.TO Risk / Return Rank: 6464
Overall Rank
FLUS.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
FLUS.TO Sortino Ratio Rank: 6464
Sortino Ratio Rank
FLUS.TO Omega Ratio Rank: 7070
Omega Ratio Rank
FLUS.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
FLUS.TO Martin Ratio Rank: 6262
Martin Ratio Rank
ZDY.TO
ZDY.TO Risk / Return Rank: 7171
Overall Rank
ZDY.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
ZDY.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
ZDY.TO Omega Ratio Rank: 7272
Omega Ratio Rank
ZDY.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
ZDY.TO Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLUS.TO vs. ZDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Large Cap Multifactor Index ETF (FLUS.TO) and BMO US Dividend ETF (CAD) (ZDY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

FLUS.TOZDY.TODifference
Sharpe ratioReturn per unit of total volatility
2.05
2.28

-0.23

Sortino ratioReturn per unit of downside risk
2.93
2.97

-0.04

Omega ratioGain probability vs. loss probability

1.41

1.44

-0.03

Calmar ratioReturn relative to maximum drawdown

2.92

3.98

-1.06

Martin ratioReturn relative to average drawdown

10.86

13.78

-2.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLUS.TO vs. ZDY.TO - Sharpe Ratio Comparison

The current FLUS.TO Sharpe Ratio is 2.05, which is comparable to the ZDY.TO Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FLUS.TO and ZDY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FLUS.TOZDY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.05

2.28

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.15

1.12

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.73

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.95

0.95

-0.01

Drawdowns

FLUS.TO vs. ZDY.TO - Drawdown Comparison

The maximum FLUS.TO drawdown since its inception was -28.25%, smaller than the maximum ZDY.TO drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for FLUS.TO and ZDY.TO.

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Drawdown Indicators

FLUS.TOZDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.25%

-33.01%

+4.76%

Max Drawdown (1Y)

Largest decline over 1 year

-9.24%

-6.78%

-2.46%

Max Drawdown (3Y)

Largest decline over 3 years

-18.83%

-15.32%

-3.51%

Max Drawdown (5Y)

Largest decline over 5 years

-19.13%

-15.32%

-3.81%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.01%

—

Current Drawdown

Current decline from peak

0.00%

-0.19%

+0.19%

Average Drawdown

Average peak-to-trough decline

-3.65%

-3.30%

-0.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

1.96%

+0.52%

Volatility

FLUS.TO vs. ZDY.TO - Volatility Comparison

The current volatility for Franklin U.S. Large Cap Multifactor Index ETF (FLUS.TO) is 4.00%, while BMO US Dividend ETF (CAD) (ZDY.TO) has a volatility of 4.73%. This indicates that FLUS.TO experiences smaller price fluctuations and is considered to be less risky than ZDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLUS.TOZDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

4.73%

-0.73%

Volatility (6M)

Calculated over the trailing 6-month period

10.68%

9.85%

+0.83%

Volatility (1Y)

Calculated over the trailing 1-year period

13.18%

11.85%

+1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.63%

12.17%

+2.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.84%

15.18%

+0.66%

FLUS.TO vs. ZDY.TO - Expense Ratio Comparison

FLUS.TO has a 0.29% expense ratio, which is lower than ZDY.TO's 0.30% expense ratio.

Dividends

FLUS.TO vs. ZDY.TO - Dividend Comparison

FLUS.TO's dividend yield for the trailing twelve months is around 0.62%, less than ZDY.TO's 1.46% yield.

PositionTTM20252024202320222021202020192018201720162015
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETF		0.62%0.73%0.91%1.20%1.72%1.74%1.62%1.83%1.66%0.51%0.00%0.00%
ZDY.TO
BMO US Dividend ETF (CAD)		1.46%1.72%1.97%2.43%2.48%2.33%3.65%3.02%2.80%2.63%2.46%2.54%

Frequently Asked Questions

FLUS.TO and ZDY.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FLUS.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FLUS.TO is cheaper with a 0.29% expense ratio, compared with 0.30% for ZDY.TO.

FLUS.TO is categorized as Large Cap Blend Equities, while ZDY.TO is Dividend. They also come from different issuers: Franklin and BMO. Their fees differ too: 0.29% for FLUS.TO and 0.30% for ZDY.TO.

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