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: Municipal, Sovereign, and Government agencies. When evaluating costs, CAGG features a management fee (MER) of 0.18%, compared to 0.08% for ZAG. Performance-wise, CAGG has returned 0.86% year-to-date with -$232 M in net flows, whereas ZAG is at 0.87% with +$106 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
CAGG
ZAG
| AuM | $736.42 M | $12,302.54 M |
| Management Fees | 0.18% | 0.08% |
| Exp. ratio | 0.08% | 0.09% |
| Tracking Difference | - | - |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CAGG | +1.48% | +0.05% | +0.86% | +2.88% | +11.96% |
ZAG | +1.50% | +0.07% | +0.87% | +2.90% | +11.01% | |
| Flows | CAGG | +$11 M | -$123 M | -$232 M | -$442 M | +$720 M |
ZAG | +$30 M | +$65 M | +$106 M | +$1,629 M | +$6,009 M |
CAGG vs ZAG exposure
Countries
CAGG
Canada
99.86%
ZAG
Canada
100.00%
Sectors
CAGG
Municipal
29.54%
Sovereign
26.17%
Other
11.91%
Government agencies
7.23%
Other
25.14%
ZAG
Municipal
29.15%
Sovereign
25.83%
Other
14.55%
Government agencies
9.37%
Other
21.10%
As of April 24, 2026
Top 10 Holdings
CAGG
CA135087T388
2.64%
Canada, Bonds 3.25% 1jun2035, CAD
2.23%
Canada, Bonds 3.25% 1dec2034, CAD
1.88%
Canada, Bonds 2.75% 1mar2030, CAD
1.75%
CA135087T537
1.74%
Canada, Bonds 2.75% 1may2027, CAD
1.68%
Canada, Bond 1.5 1jun2031 10Y
1.48%
Canada, Bond 1.25 1jun2030 10Y
1.46%
CA135087T461
1.25%
CA135087T792
1.17%
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.29%
Canada, Bond 2.25 1jun2029 10Y
3.59%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.92%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.65%
Canada, Bond 2.75 1dec2048 30Y
2.46%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.41%
Canada, Bonds 4% 1mar2029, CAD
2.27%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.22%
Bank of Montreal, 3.19% 1mar2028, CAD
2.20%
Province of Ontario, 2.9% 2jun2028, CAD (DMTN238)
2.20%
Diversification
CAGG
Total weight of top 10 holdings out of 1,046 total
17.26%
ZAG
Total weight of top 10 holdings out of 86 total
27.20%
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 | 3.51% | 3.46% |
| 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 April 24, 2026, CAGG has returned 0.86% year to date, while ZAG has returned 0.87%. ZAG is ahead on YTD performance.
Which ETF is larger by assets under management: CAGG or ZAG?
As of April 24, 2026, CAGG manages $736.42 M in assets, while ZAG manages $12.30 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 Municipal, Sovereign, and Government agencies. ZAG is most exposed to Municipal, Sovereign, and Government agencies.
Which ETF is attracting more investor flows: CAGG or ZAG?
Year to date, CAGG has seen -$232.45 M in net flows, compared with +$105.84 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 3.25% 1jun2035, CAD and Canada, Bonds 3.25% 1dec2034, CAD. ZAG's top holdings include Canada, Bonds 3% 1jun2034, CAD and Canada, Bond 2.25 1jun2029 10Y.
Which ETF is more diversified: CAGG or ZAG?
CAGG holds 962 securities, while ZAG holds 75. On holdings count, CAGG is the more diversified portfolio.
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