CARS
Evolve Automobile Innovation Index ETF

Full CARS fund page
VS
ZSP
BMO S&P 500 Index ETF

Full ZSP fund page

Evolve Automobile Innovation Index ETF (CARS) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CARS focuses its top 3 sector exposures on Industrials, Technology, and Consumer Cyclicals, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, CARS features a management fee (MER) of 0.4%, compared to 0.08% for ZSP. Performance-wise, CARS has returned 3.97% year-to-date with -$3 M in net flows, whereas ZSP is at 16.74% with +$645 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-6.0-4.0-2.00.02.04.0%Aug 21Aug 28Sep 4Sep 14Sep 21

Key Data

Historical performance and flows

As of September 21, 2026
1M3MYTD1Y3Y
Perf.
CARS
-1.60%-24.04%+3.97%-1.31%+11.05%
ZSP
+3.21%+4.35%+16.74%+18.85%+92.46%
Flows
CARS
-$0 M-$0 M-$3 M-$5 M-$22 M
ZSP
+$274 M+$258 M+$645 M+$1,497 M+$5,318 M

CARS vs ZSP exposure

Countries

CARS
USA
48.11%
China
26.05%
Other
25.84%
ZSP
USA
97.56%

Sectors

CARS
Industrials
35.00%
Technology
32.26%
Consumer Cyclicals
30.49%
ZSP
Technology
44.85%
Finance
14.06%
Healthcare
8.98%
Consumer Non-Cyclicals
8.97%
Industrials
7.87%
Other
15.28%
As of September 21, 2026

Top 10 Holdings

CARS
Gentherm, Inc.
2.26%
Li Auto, Inc.
2.14%
Ambarella, Inc.
2.03%
Monolithic Power Systems, Inc.
2.02%
Lucid Group, Inc.
1.97%
NVIDIA Corp.
1.94%
BYD Co., Ltd.
1.91%
NIO, Inc.
1.91%
XPeng, Inc.
1.90%
Visteon Corp.
1.90%
ZSP
Apple, Inc.
7.66%
NVIDIA Corp.
7.39%
Microsoft Corp.
5.24%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.07%
Broadcom Inc.
2.88%
Alphabet, Inc.
2.47%
Meta Platforms, Inc.
1.85%
Micron Technology, Inc.
1.55%
JPMorgan Chase & Co.
1.47%

Diversification

CARS
Total weight of top 10 holdings out of 63 total
19.98%
ZSP
Total weight of top 10 holdings out of 502 total
37.19%

Characteristics

Compare
CARS
ZSP
ProviderEvolve ETFsBMO
ManagementPassively managedPassively managed
BenchmarkSolactive Future Cars Index Canadian Dollar Hedged - CADS&P 500 CAD Total Return Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield0.96%0.74%
Meets ESG criteriaYesNo
Inception DateSeptember 29, 2017November 14, 2012

Frequently asked questions about CARS and ZSP

Which ETF has performed better year to date: CARS or ZSP?
As of September 21, 2026, CARS has returned 3.97% year to date, while ZSP has returned 16.74%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: CARS or ZSP?
As of September 21, 2026, CARS manages $14.01 M in assets, while ZSP manages $25.21 B. ZSP is the larger fund by AUM.
How are CARS and ZSP managed?
CARS is passively managed by Evolve ETFs. It tracks the Solactive Future Cars Index Canadian Dollar Hedged - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do CARS and ZSP emphasize?
CARS is most exposed to Industrials, Technology, and Consumer Cyclicals. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: CARS or ZSP?
Year to date, CARS has seen -$3.07 M in net flows, compared with +$644.58 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of CARS and ZSP compare?
CARS has an expense ratio of 0.58%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of CARS and ZSP?
CARS's largest holdings include Gentherm, Inc., Li Auto, Inc., and Ambarella, Inc.. ZSP's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: CARS or ZSP?
CARS holds 63 securities, while ZSP holds 499. On holdings count, ZSP is the more diversified portfolio.

Recent articles about CARS and ZSP

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