VS
When evaluating costs, CASH features a management fee (MER) of 0.11%, compared to 0.08% for ZAG. Performance-wise, CASH has returned 1.19% year-to-date with -$97 M in net flows, whereas ZAG is at 0.98% 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
CASH
ZAG
| AuM | $6,545.24 M | $13,133.35 M |
| Management Fees | 0.11% | 0.08% |
| Exp. ratio | 0.11% | 0.09% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CASH | +0.17% | +0.51% | +1.19% | +2.16% | +10.73% |
ZAG | -1.19% | +0.67% | +0.98% | +3.23% | +13.55% | |
| Flows | CASH | -$81 M | -$144 M | -$97 M | -$158 M | +$3,555 M |
ZAG | +$331 M | +$949 M | +$1,067 M | +$2,170 M | +$6,960 M |
CASH vs ZAG exposure
Countries
CASH
Exposure data will be available soon
ZAG
Canada
81.92%
Other
17.35%
Sectors
CASH
Exposure data will be available soon
ZAG
Municipal
28.75%
Sovereign
25.01%
Other
17.35%
Government agencies
9.32%
Other
19.58%
As of July 30, 2026
Top 10 Holdings
CASH
Exposure data will be available soon
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.27%
Canada, Bond 2.25 1jun2029 10Y
3.56%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.89%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.65%
Canada, Bond 2.75 1dec2048 30Y
2.48%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.46%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.21%
Province of Ontario, 3.8% 2dec2034, CAD (DMTN266)
2.20%
Bank of Montreal, 3.19% 1mar2028, CAD
2.18%
Province of Ontario, 2.9% 2jun2028, CAD (DMTN238)
2.18%
Diversification
CASH
Exposure data will be available soon
ZAG
Total weight of top 10 holdings out of 88 total
27.07%
Characteristics
Compare
CASH
ZAG
| Provider | Global X | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.32% | 3.45% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2021 | January 19, 2010 |
Frequently asked questions about CASH and ZAG
Which ETF has performed better year to date: CASH or ZAG?
As of July 30, 2026, CASH has returned 1.19% year to date, while ZAG has returned 0.98%. CASH is ahead on YTD performance.
Which ETF is larger by assets under management: CASH or ZAG?
As of July 30, 2026, CASH manages $6.55 B in assets, while ZAG manages $13.13 B. ZAG is the larger fund by AUM.
How are CASH and ZAG managed?
CASH is actively managed by Global X. It does not track an index. ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
Which ETF is attracting more investor flows: CASH or ZAG?
Year to date, CASH has seen -$96.68 M in net flows, compared with +$1,066.90 M for ZAG. ZAG has attracted more net investor money so far.
How do the fees of CASH and ZAG compare?
CASH has an expense ratio of 0.11%, while ZAG has an expense ratio of 0.09%.
Recent articles about CASH 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.