VS
Compare CI Canadian Aggregate Bond Index ETF (CAGG) vs BMO Aggregate Bond Index ETF (ZAG) to find the best fit for your portfolio. CAGG and ZAG provide the same top sector exposures: Sovereign, Municipal, and Finance. When evaluating costs, CAGG features a management fee (MER) of 0.18%, compared to 0.08% for ZAG. Performance-wise, CAGG has returned 0.85% year-to-date with -$230 M in net flows, whereas ZAG is at 0.84% 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
CAGG
ZAG
| AuM | $717.62 M | $13,104.16 M |
| Management Fees | 0.18% | 0.08% |
| Exp. ratio | 0.08% | 0.09% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CAGG | -1.18% | -2.53% | -0.85% | -0.98% | +12.99% |
ZAG | -1.16% | -2.52% | -0.84% | -0.97% | +12.51% | |
| Flows | CAGG | +$9 M | -$24 M | -$230 M | -$596 M | +$723 M |
ZAG | +$77 M | +$668 M | +$1,316 M | +$2,421 M | +$7,243 M |
CAGG vs ZAG exposure
Countries
CAGG
Canada
96.36%
ZAG
Canada
96.36%
Sectors
CAGG
Sovereign
34.56%
Municipal
31.38%
Finance
11.84%
Government Agencies
9.39%
Other
12.84%
ZAG
Sovereign
34.56%
Municipal
31.38%
Finance
11.84%
Government Agencies
9.39%
Other
12.84%
As of September 11, 2026
Top 10 Holdings
CAGG
Canada, Bonds 3% 1jun2034, CAD
4.29%
Canada, Bonds 2.5% 1nov2027, CAD
3.68%
Canada, Bond 2.25 1jun2029 10Y
2.89%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.68%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.41%
Canada, Bonds 2.75% 1dec2055, CAD
2.32%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.23%
Bank of Montreal, 3.19% 1mar2028, CAD
2.21%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.20%
Canada, Bonds 2.25% 1feb2028, CAD
2.19%
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.29%
Canada, Bonds 2.5% 1nov2027, CAD
3.68%
Canada, Bond 2.25 1jun2029 10Y
2.89%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.68%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.41%
Canada, Bonds 2.75% 1dec2055, CAD
2.32%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.23%
Bank of Montreal, 3.19% 1mar2028, CAD
2.21%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.20%
Canada, Bonds 2.25% 1feb2028, CAD
2.19%
Diversification
CAGG
Total weight of top 10 holdings out of 85 total
27.10%
ZAG
Total weight of top 10 holdings out of 85 total
27.10%
Characteristics
Compare
CAGG
ZAG
| Provider | CI | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe Bond TR Index - CAD | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.68% | 3.51% |
| Meets ESG criteria | No | No |
| Inception Date | June 22, 2017 | January 19, 2010 |
Frequently asked questions about CAGG and ZAG
Which ETF has performed better year to date: CAGG or ZAG?
As of September 11, 2026, CAGG has returned -0.85% year to date, while ZAG has returned -0.84%. ZAG is ahead on YTD performance.
Which ETF is larger by assets under management: CAGG or ZAG?
As of September 11, 2026, CAGG manages $717.62 M in assets, while ZAG manages $13.10 B. ZAG is the larger fund by AUM.
How are CAGG and ZAG managed?
CAGG is passively managed by CI. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark. ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
What sectors do CAGG and ZAG emphasize?
CAGG is most exposed to Sovereign, Municipal, and Finance. ZAG is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: CAGG or ZAG?
Year to date, CAGG has seen -$230.15 M in net flows, compared with +$1,316.46 M for ZAG. ZAG has attracted more net investor money so far.
How do the fees of CAGG and ZAG compare?
CAGG has an expense ratio of 0.08%, while ZAG has an expense ratio of 0.09%.
What are the top holdings of CAGG and ZAG?
CAGG's largest holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bond 2.25 1jun2029 10Y. ZAG's top holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bond 2.25 1jun2029 10Y.
Which ETF is more diversified: CAGG or ZAG?
CAGG holds 85 securities, while ZAG holds 85. On holdings count, CAGG is the more diversified portfolio.
Recent articles about CAGG and ZAG
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.