VS
Evolve Enhanced Yield Bond Fund ETF (BOND) and BMO Aggregate Bond Index ETF (ZAG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BOND focuses its top 3 sector exposures on Sovereign and Non-Corporate, while ZAG leans towards Municipal, Sovereign, and Government agencies. When evaluating costs, BOND features a management fee (MER) of 0.75%, compared to 0.08% for ZAG. Performance-wise, BOND has returned 2.09% year-to-date with +$10 M in net flows, whereas ZAG is at 0.89% with +$1 B. 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
BOND
ZAG
| AuM | $135.75 M | $13,165.07 M |
| Management Fees | 0.75% | 0.08% |
| Exp. ratio | 0.74% | 0.09% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BOND | -3.87% | -3.03% | -2.09% | +0.39% | - |
ZAG | -1.32% | +0.02% | +0.89% | +3.67% | +13.75% | |
| Flows | BOND | +$2 M | +$4 M | +$10 M | -$34 M | - |
ZAG | +$333 M | +$984 M | +$1,073 M | +$2,153 M | +$6,956 M |
BOND vs ZAG exposure
Countries
BOND
USA
81.41%
Other
18.59%
ZAG
Canada
81.92%
Other
17.35%
Sectors
BOND
Sovereign
81.41%
Other
18.59%
ZAG
Municipal
28.75%
Sovereign
25.01%
Other
17.35%
Government agencies
9.32%
Other
19.58%
As of July 24, 2026
Top 10 Holdings
BOND
US912810UK24
3.52%
USA, Bonds 4.75% 15nov2053, USD
3.50%
USA, Bonds 4.125% 15aug2053, USD
3.47%
USA, Bonds 4.625% 15may2054, USD
3.46%
US912810UR76
3.24%
USA, Bonds 4.25% 15feb2054, USD
3.22%
USA, Bonds 4.25% 15aug2054, USD
3.16%
USA, Bonds 4.625% 15feb2055, USD
3.14%
USA, Bonds 3.625% 15may2053, USD
2.89%
USA, Bonds 4.5% 15nov2054, USD
2.89%
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.27%
Canada, Bond 2.25 1jun2029 10Y
3.56%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.89%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.65%
Canada, Bond 2.75 1dec2048 30Y
2.48%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.46%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.21%
Province of Ontario, 3.8% 2dec2034, CAD (DMTN266)
2.20%
Bank of Montreal, 3.19% 1mar2028, CAD
2.18%
Province of Ontario, 2.9% 2jun2028, CAD (DMTN238)
2.18%
Diversification
BOND
Total weight of top 10 holdings out of 100 total
32.47%
ZAG
Total weight of top 10 holdings out of 88 total
27.07%
Characteristics
Compare
BOND
ZAG
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 13.28% | 3.45% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2023 | January 19, 2010 |
Frequently asked questions about BOND and ZAG
Which ETF has performed better year to date: BOND or ZAG?
As of July 24, 2026, BOND has returned -2.09% year to date, while ZAG has returned 0.89%. ZAG is ahead on YTD performance.
Which ETF is larger by assets under management: BOND or ZAG?
As of July 24, 2026, BOND manages $135.75 M in assets, while ZAG manages $13.17 B. ZAG is the larger fund by AUM.
How are BOND and ZAG managed?
BOND is actively managed by Evolve ETFs. It does not track an index. ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
What sectors do BOND and ZAG emphasize?
BOND is most exposed to Sovereign and Non-Corporate. ZAG is most exposed to Municipal, Sovereign, and Government agencies.
Which ETF is attracting more investor flows: BOND or ZAG?
Year to date, BOND has seen +$9.55 M in net flows, compared with +$1,073.06 M for ZAG. ZAG has attracted more net investor money so far.
How do the fees of BOND and ZAG compare?
BOND has an expense ratio of 0.74%, while ZAG has an expense ratio of 0.09%.
What are the top holdings of BOND and ZAG?
BOND's largest holdings include USA, Bonds 4.75% 15nov2053, USD and USA, Bonds 4.125% 15aug2053, USD. ZAG's top holdings include Canada, Bonds 3% 1jun2034, CAD and Canada, Bond 2.25 1jun2029 10Y.
Which ETF is more diversified: BOND or ZAG?
BOND holds 91 securities, while ZAG holds 73. On holdings count, BOND is the more diversified portfolio.
Recent articles about BOND and ZAG
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