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Evolve Enhanced Yield Bond Fund ETF (BOND.U) and BMO Long-Term US Treasury Bond Index ETF (ZTL.F) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BOND.U focuses its top 3 sector exposures on Sovereign and Non-Corporate, while ZTL.F leans towards Sovereign. When evaluating costs, BOND.U features a management fee (MER) of 0.75%, compared to 0.2% for ZTL.F. Performance-wise, BOND.U has returned 2.62% year-to-date with -$5 M in net flows, whereas ZTL.F is at 5.8% with -$80 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
BOND.U
ZTL.F
| AuM | $16.01 M | $132.03 M |
| Management Fees | 0.75% | 0.20% |
| Exp. ratio | 0.74% | 0.23% |
| Tracking Difference | - | -0.25% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BOND.U | -0.78% | -2.93% | -2.62% | -3.53% | - |
ZTL.F | -1.27% | -4.05% | -5.80% | -7.37% | -6.70% | |
| Flows | BOND.U | -$2 M | -$2 M | -$5 M | -$19 M | - |
ZTL.F | -$10 M | -$20 M | -$80 M | -$89 M | -$147 M |
BOND.U vs ZTL.F exposure
Countries
BOND.U
USA
98.54%
ZTL.F
USA
100.00%
Sectors
BOND.U
Sovereign
98.54%
ZTL.F
Sovereign
100.00%
As of September 10, 2026
Top 10 Holdings
BOND.U
USA, Bonds 4.75% 15may2055, USD
3.53%
USA, Bonds 4.75% 15nov2053, USD
3.52%
USA, Bonds 4.125% 15aug2053, USD
3.48%
USA, Bonds 4.625% 15may2054, USD
3.45%
USA, Bonds 4.25% 15feb2054, USD
3.24%
USA, Bonds 4.75% 15feb2056, USD
3.23%
USA, Bonds 4.25% 15aug2054, USD
3.17%
USA, Bonds 4.625% 15feb2055, USD
3.15%
USA, Bonds 4.5% 15nov2054, USD
3.04%
USA, Bonds 3.625% 15may2053, USD
2.89%
ZTL.F
USA, Bonds 4.75% 15feb2056, USD
4.14%
USA, Bonds 4.75% 15aug2055, USD
4.14%
USA, Bonds 4.75% 15may2055, USD
4.14%
USA, Bonds 4.625% 15nov2055, USD
4.06%
USA, Bonds 4.625% 15feb2055, USD
4.06%
USA, Bonds 4.625% 15may2054, USD
4.06%
USA, Bonds 4.5% 15nov2054, USD
3.97%
USA, Bonds 4.75% 15nov2053, USD
3.89%
USA, Bonds 4.25% 15aug2054, USD
3.81%
USA, Bonds 4.25% 15feb2054, USD
3.81%
Diversification
BOND.U
Total weight of top 10 holdings out of 100 total
32.70%
ZTL.F
Total weight of top 10 holdings out of 40 total
40.07%
Characteristics
Compare
BOND.U
ZTL.F
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg U.S. Treasury 20+ Year Index - CAD Hedged |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 13.05% | 3.52% |
| Meets ESG criteria | No | No |
| Inception Date | February 15, 2024 | February 5, 2020 |
Frequently asked questions about BOND.U and ZTL.F
Which ETF has performed better year to date: BOND.U or ZTL.F?
As of September 10, 2026, BOND.U has returned -2.62% year to date, while ZTL.F has returned -5.80%. BOND.U is ahead on YTD performance.
Which ETF is larger by assets under management: BOND.U or ZTL.F?
As of September 10, 2026, BOND.U manages $16.01 M in assets, while ZTL.F manages $132.03 M. ZTL.F is the larger fund by AUM.
How are BOND.U and ZTL.F managed?
BOND.U is actively managed by Evolve ETFs. It does not track an index. ZTL.F is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Index - CAD Hedged benchmark.
What sectors do BOND.U and ZTL.F emphasize?
BOND.U is most exposed to Sovereign and Non-Corporate. ZTL.F is most exposed to Sovereign.
Which ETF is attracting more investor flows: BOND.U or ZTL.F?
Year to date, BOND.U has seen -$5.16 M in net flows, compared with -$79.99 M for ZTL.F. BOND.U has attracted more net investor money so far.
How do the fees of BOND.U and ZTL.F compare?
BOND.U has an expense ratio of 0.74%, while ZTL.F has an expense ratio of 0.23%.
What are the top holdings of BOND.U and ZTL.F?
BOND.U's largest holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.125% 15aug2053, USD. ZTL.F's top holdings include USA, Bonds 4.75% 15feb2056, USD, USA, Bonds 4.75% 15aug2055, USD, and USA, Bonds 4.75% 15may2055, USD.
Which ETF is more diversified: BOND.U or ZTL.F?
BOND.U holds 100 securities, while ZTL.F holds 40. On holdings count, BOND.U is the more diversified portfolio.
Recent articles about BOND.U and ZTL.F
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.