CI Money Market ETF (CMNY) and BMO AAA CLO ETF (ZAAA.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CMNY focuses its top 3 sector exposures on Finance, Municipal, and Sovereign, while ZAAA.U leans towards Industrials and Non-Corporate. When evaluating costs, CMNY features a management fee (MER) of 0.14%, compared to 0.23% for ZAAA.U. Performance-wise, CMNY has returned 2.04% year-to-date with +$249 M in net flows, whereas ZAAA.U is at 3.97% with +$4 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
CMNY
ZAAA.U
| AuM | $325.26 M | $14.75 M |
| Management Fees | 0.14% | 0.23% |
| Exp. ratio | 0.16% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CMNY | +0.21% | +0.61% | +2.04% | +2.40% | +10.74% |
ZAAA.U | +0.44% | +1.27% | +3.97% | +4.75% | - | |
| Flows | CMNY | +$41 M | +$207 M | +$249 M | +$254 M | +$323 M |
ZAAA.U | +$0 M | +$2 M | +$4 M | +$6 M | +$0 M |
CMNY vs ZAAA.U exposure
Countries
CMNY
Other
52.70%
Canada
42.94%
ZAAA.U
Other
80.93%
USA
19.09%
Sectors
CMNY
Other
52.70%
Finance
16.82%
Municipal
11.83%
Sovereign
10.43%
Other
8.22%
ZAAA.U
Other
80.93%
Industrials
19.07%
As of November 6, 2026
Top 10 Holdings
CMNY
CA44925SXP87
6.51%
AIMCo Realty Investors LP, 2.195% 4nov2026, CAD
6.39%
CA13648SXT19
5.27%
Canada, Bills 0% 7oct2026, CAD (364D)
4.40%
Canada, Bills 0% 2dec2026, CAD (364D)
3.87%
CA45834AXP43
3.27%
Province of Quebec, Bills 0% 19feb2027, CAD (364D)
3.07%
CA09852UBT93
2.52%
CA05554SXW20
2.46%
BCIMC Realty, 3% 31mar2027, CAD
2.45%
ZAAA.U
US671026AW26
2.52%
US29003UAJ88
2.43%
US92920DAL91
2.25%
US03790TAA25
2.25%
Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1)
2.25%
US67126BAA17
2.16%
US97718UAA07
2.07%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.98%
US38139AAU51
1.80%
US47103U8457
1.74%
Diversification
CMNY
Total weight of top 10 holdings out of 94 total
40.20%
ZAAA.U
Total weight of top 10 holdings out of 545 total
21.46%
Characteristics
Frequently asked questions about CMNY and ZAAA.U
Which ETF has performed better year to date: CMNY or ZAAA.U?
As of November 6, 2026, CMNY has returned 2.04% year to date, while ZAAA.U has returned 3.97%. ZAAA.U is ahead on YTD performance.
Which ETF is larger by assets under management: CMNY or ZAAA.U?
As of November 6, 2026, CMNY manages $325.26 M in assets, while ZAAA.U manages $14.75 M. CMNY is the larger fund by AUM.
How are CMNY and ZAAA.U managed?
CMNY is actively managed by CI. It does not track an index. ZAAA.U is actively managed by BMO. It does not track an index.
What sectors do CMNY and ZAAA.U emphasize?
CMNY is most exposed to Finance, Municipal, and Sovereign. ZAAA.U is most exposed to Industrials and Non-Corporate.
Which ETF is attracting more investor flows: CMNY or ZAAA.U?
Year to date, CMNY has seen +$249.16 M in net flows, compared with +$4.17 M for ZAAA.U. CMNY has attracted more net investor money so far.
How do the fees of CMNY and ZAAA.U compare?
CMNY has an expense ratio of 0.16%, while ZAAA.U has an expense ratio of 0.23%.
What are the top holdings of CMNY and ZAAA.U?
CMNY's largest holdings include AIMCo Realty Investors LP, 2.195% 4nov2026, CAD and Canada, Bills 0% 7oct2026, CAD (364D). ZAAA.U's top holdings include Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1) and AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1).
Which ETF is more diversified: CMNY or ZAAA.U?
CMNY holds 42 securities, while ZAAA.U holds 23. On holdings count, CMNY is the more diversified portfolio.
Recent articles about CMNY and ZAAA.U
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