COW
iShares Global Agriculture Index ETF

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

Full ZSP fund page

iShares Global Agriculture Index ETF (COW) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that COW focuses its top 3 sector exposures on Consumer Non-Cyclicals, Non-Energy Materials, and Industrials, while ZSP leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, COW features a management fee (MER) of 0.65%, compared to 0.08% for ZSP. Performance-wise, COW has returned 16.19% year-to-date with +$30 M in net flows, whereas ZSP is at 14.02% with +$344 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

-3.0-2.0-1.00.01.02.0%Jun 3Jun 10Jun 17Jun 24Jul 2

Key Data

Historical performance and flows

As of July 3, 2026
1M3MYTD1Y3Y
Perf.
COW
+0.07%-4.67%+16.19%+6.01%+23.77%
ZSP
+1.69%+16.16%+14.02%+26.23%+87.54%
Flows
COW
-$25 M+$4 M+$30 M+$20 M-$142 M
ZSP
+$11 M+$205 M+$344 M+$1,144 M+$4,767 M

COW vs ZSP exposure

Countries

COW
USA
83.51%
Other
16.49%
ZSP
USA
97.86%

Sectors

COW
Consumer Non-Cyclicals
41.33%
Non-Energy Materials
32.29%
Industrials
23.89%
ZSP
Technology
46.52%
Finance
12.65%
Consumer Non-Cyclicals
9.38%
Healthcare
8.23%
Industrials
7.68%
Other
15.54%
As of July 3, 2026

Top 10 Holdings

COW
Corteva, Inc.
9.73%
Archer-Daniels-Midland Co.
9.58%
Deere & Co.
8.82%
Bunge Global SA
6.72%
Tyson Foods, Inc.
6.32%
AGCO Corp.
6.31%
The Andersons, Inc.
5.03%
Ingredion, Inc.
4.68%
Sociedad Quimica y Minera de Chile SA
4.39%
Fresh Del Monte Produce, Inc.
4.01%
ZSP
NVIDIA Corp.
8.04%
Apple, Inc.
7.08%
Microsoft Corp.
4.89%
Amazon.com, Inc.
4.14%
Alphabet, Inc.
3.51%
Broadcom Inc.
3.12%
Alphabet, Inc.
2.79%
Meta Platforms, Inc.
2.15%
Tesla, Inc.
1.92%
Micron Technology, Inc.
1.61%

Diversification

COW
Total weight of top 10 holdings out of 35 total
65.59%
ZSP
Total weight of top 10 holdings out of 502 total
39.24%

Characteristics

Compare
COW
ZSP
ProvideriSharesBMO
ManagementPassively managedPassively managed
BenchmarkMFC Custom Global Agriculture Total Return Index - USDS&P 500 CAD Total Return Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield1.37%0.76%
Meets ESG criteriaNoNo
Inception DateDecember 19, 2007November 14, 2012

Frequently asked questions about COW and ZSP

Which ETF has performed better year to date: COW or ZSP?
As of July 3, 2026, COW has returned 16.19% year to date, while ZSP has returned 14.02%. COW is ahead on YTD performance.
Which ETF is larger by assets under management: COW or ZSP?
As of July 3, 2026, COW manages $288.57 M in assets, while ZSP manages $24.32 B. ZSP is the larger fund by AUM.
How are COW and ZSP managed?
COW is passively managed by iShares. It tracks the MFC Custom Global Agriculture Total Return Index - USD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do COW and ZSP emphasize?
COW is most exposed to Consumer Non-Cyclicals, Non-Energy Materials, and Industrials. ZSP is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: COW or ZSP?
Year to date, COW has seen +$29.92 M in net flows, compared with +$344.40 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of COW and ZSP compare?
COW has an expense ratio of 0.71%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of COW and ZSP?
COW's largest holdings include Corteva, Inc., Archer-Daniels-Midland Co., and Deere & Co.. ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: COW or ZSP?
COW holds 35 securities, while ZSP holds 499. On holdings count, ZSP is the more diversified portfolio.

Recent articles about COW and ZSP

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