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 0.39% year-to-date with -$129 M in net flows, whereas ZAG is at 0.39% 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 | $823.85 M | $13,227.20 M |
| Management Fees | 0.18% | 0.08% |
| Exp. ratio | 0.07% | 0.09% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CAGG | +1.03% | -0.79% | +0.39% | -0.95% | +15.66% |
ZAG | +1.03% | -0.78% | +0.39% | -0.94% | +15.28% | |
| Flows | CAGG | +$75 M | +$61 M | -$129 M | -$120 M | +$824 M |
ZAG | +$121 M | +$239 M | +$1,312 M | +$1,770 M | +$7,359 M |
CAGG vs ZAG exposure
Countries
CAGG
Canada
97.64%
ZAG
Canada
95.65%
Sectors
CAGG
Sovereign
33.80%
Municipal
29.20%
Finance
13.80%
Government Agencies
7.81%
Other
15.41%
ZAG
Sovereign
34.55%
Municipal
30.89%
Finance
11.07%
Government Agencies
9.38%
Other
14.10%
As of October 26, 2026
Top 10 Holdings
CAGG
Canada, Bonds 2.75% 1sep2030, CAD
2.81%
Canada, Bond 1.5 1jun2031 10Y
2.37%
Canada, Bonds 3.25% 1jun2035, CAD
2.34%
Canada, Bonds 2.75% 1mar2030, CAD
2.17%
Canada, Bonds 3.25% 1dec2035, CAD
2.13%
Canada, Bonds 3.25% 1dec2034, CAD
1.92%
Canada, Bonds 2.75% 1mar2031, CAD
1.59%
Canada, Bonds 4% 1mar2029, CAD
1.54%
Canada, Bond 1.25 1jun2030 10Y
1.35%
Canada, Bonds 3% 1jun2034, CAD
1.13%
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.28%
Canada, Bonds 2.5% 1nov2027, CAD
3.69%
Canada, Bonds 2.25% 1feb2028, CAD
2.94%
Canada, Bond 2.25 1jun2029 10Y
2.90%
Canada, Bonds 2.75% 1dec2055, CAD
2.84%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.68%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.38%
Bank of Montreal, 3.19% 1mar2028, CAD
2.22%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.21%
Canada, Bonds 2.75% 1mar2030, CAD
2.19%
Diversification
CAGG
Total weight of top 10 holdings out of 1,129 total
19.35%
ZAG
Total weight of top 10 holdings out of 86 total
28.34%
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 | 3.98% | 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 October 26, 2026, CAGG has returned 0.39% year to date, while ZAG has returned 0.39%. CAGG is ahead on YTD performance.
Which ETF is larger by assets under management: CAGG or ZAG?
As of October 26, 2026, CAGG manages $823.85 M in assets, while ZAG manages $13.23 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 -$129.21 M in net flows, compared with +$1,312.05 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 0.07%, 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 2.75% 1sep2030, CAD, Canada, Bond 1.5 1jun2031 10Y, and Canada, Bonds 3.25% 1jun2035, CAD. ZAG's top holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bonds 2.25% 1feb2028, CAD.
Which ETF is more diversified: CAGG or ZAG?
CAGG holds 1127 securities, while ZAG holds 86. On holdings count, CAGG is the more diversified portfolio.
Recent articles about CAGG and ZAG
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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.