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Avantis CIBC All-Equity Asset Allocation ETF (CAGE) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CAGE focuses its top 3 sector exposures on Finance, Technology, and Non-Energy Materials, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, CAGE features a management fee (MER) of 0.28%, compared to 0.08% for ZSP. 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
CAGE
ZSP
| AuM | $1,068.23 M | $26,210.36 M |
| Management Fees | 0.28% | 0.08% |
| Exp. ratio | 0.28% | 0.09% |
| Tracking Difference | - | -0.05% |
Historical performance and flows
As of October 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CAGE | +0.09% | +2.22% | - | - | - |
ZSP | +4.48% | +4.39% | +18.32% | +18.21% | +92.33% | |
| Flows | CAGE | +$106 M | +$329 M | - | - | - |
ZSP | +$817 M | +$977 M | +$1,351 M | +$2,178 M | +$5,937 M |
CAGE vs ZSP exposure
Countries
CAGE
USA
42.59%
Canada
29.21%
Other
28.20%
ZSP
USA
97.65%
Sectors
CAGE
Finance
25.88%
Technology
18.97%
Non-Energy Materials
11.30%
Energy
10.62%
Industrials
9.76%
Other
23.46%
ZSP
Technology
45.20%
Finance
13.72%
Healthcare
9.09%
Consumer Non-Cyclicals
8.98%
Industrials
7.57%
Other
15.44%
As of October 8, 2026
Top 10 Holdings
CAGE
NVIDIA Corp.
2.17%
Royal Bank of Canada
2.00%
Apple, Inc.
1.86%
Microsoft Corp.
1.61%
The Toronto-Dominion Bank
1.52%
Amazon.com, Inc.
1.37%
Shopify, Inc.
1.16%
Canadian Natural Resources Ltd.
0.87%
The Bank of Nova Scotia
0.81%
Canadian Imperial Bank of Commerce
0.80%
ZSP
NVIDIA Corp.
7.95%
Apple, Inc.
7.09%
Microsoft Corp.
5.75%
Amazon.com, Inc.
3.93%
Alphabet, Inc.
3.06%
Broadcom Inc.
2.64%
Alphabet, Inc.
2.44%
Meta Platforms, Inc.
1.92%
Micron Technology, Inc.
1.59%
Tesla, Inc.
1.48%
Diversification
CAGE
Total weight of top 10 holdings out of 7,327 total
14.15%
ZSP
Total weight of top 10 holdings out of 502 total
37.84%
Characteristics
Compare
CAGE
ZSP
| Provider | CIBC | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P 500 CAD Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 0.76% |
| Meets ESG criteria | No | No |
| Inception Date | March 18, 2026 | November 14, 2012 |
Frequently asked questions about CAGE and ZSP
Which ETF is larger by assets under management: CAGE or ZSP?
As of October 8, 2026, CAGE manages $1.07 B in assets, while ZSP manages $26.21 B. ZSP is the larger fund by AUM.
How are CAGE and ZSP managed?
CAGE is actively managed by CIBC. It does not track an index. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do CAGE and ZSP emphasize?
CAGE is most exposed to Finance, Technology, and Non-Energy Materials. ZSP is most exposed to Technology, Finance, and Healthcare.
How do the fees of CAGE and ZSP compare?
CAGE has an expense ratio of 0.28%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of CAGE and ZSP?
CAGE's largest holdings include NVIDIA Corp., Royal Bank of Canada, and Apple, Inc.. ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: CAGE or ZSP?
CAGE holds 7283 securities, while ZSP holds 499. On holdings count, CAGE is the more diversified portfolio.
Recent articles about CAGE and ZSP
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