VS
BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that DISC focuses its top 3 sector exposures on Consumer Cyclicals, Consumer Non-Cyclicals, and Consumer Services, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, DISC features a management fee (MER) of 0.35%, compared to 0.08% for ZSP. Performance-wise, DISC has returned 6.66% year-to-date with +$3 M in net flows, whereas ZSP is at 13.7% with +$621 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
DISC
ZSP
| AuM | $29.37 M | $24,527.09 M |
| Management Fees | 0.35% | 0.08% |
| Exp. ratio | 0.39% | 0.09% |
| Tracking Difference | -0.67% | -0.25% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DISC | -4.66% | -2.96% | -6.66% | -7.01% | +28.11% |
ZSP | -1.24% | +3.09% | +13.70% | +17.59% | +79.69% | |
| Flows | DISC | +$0 M | -$13 M | +$3 M | +$6 M | -$3 M |
ZSP | +$284 M | +$106 M | +$621 M | +$1,209 M | +$5,416 M |
DISC vs ZSP exposure
Countries
DISC
USA
67.14%
Japan
12.74%
Other
20.12%
ZSP
USA
97.56%
Sectors
DISC
Consumer Cyclicals
36.58%
Consumer Non-Cyclicals
29.58%
Consumer Services
18.07%
Technology
9.57%
ZSP
Technology
44.85%
Finance
14.06%
Healthcare
8.98%
Consumer Non-Cyclicals
8.97%
Industrials
7.87%
Other
15.28%
As of September 11, 2026
Top 10 Holdings
DISC
Amazon.com, Inc.
9.86%
Tesla, Inc.
7.59%
Walmart, Inc.
5.46%
Costco Wholesale Corp.
4.74%
The Home Depot, Inc.
3.72%
Netflix, Inc.
3.44%
Toyota Motor Corp.
2.32%
McDonald's Corp.
2.13%
The TJX Cos., Inc.
1.97%
The Walt Disney Co.
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
DISC
Total weight of top 10 holdings out of 269 total
43.13%
ZSP
Total weight of top 10 holdings out of 502 total
37.19%
Characteristics
Compare
DISC
ZSP
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Developed ex Korea Consumer Discretionary Capped 100% Hedged to CAD Total Return Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.65% | 0.76% |
| Meets ESG criteria | No | No |
| Inception Date | April 7, 2017 | November 14, 2012 |
Frequently asked questions about DISC and ZSP
Which ETF has performed better year to date: DISC or ZSP?
As of September 11, 2026, DISC has returned -6.66% year to date, while ZSP has returned 13.70%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: DISC or ZSP?
As of September 11, 2026, DISC manages $29.37 M in assets, while ZSP manages $24.53 B. ZSP is the larger fund by AUM.
How are DISC and ZSP managed?
DISC is passively managed by BMO. It tracks the FTSE Developed ex Korea Consumer Discretionary Capped 100% Hedged to CAD Total Return Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do DISC and ZSP emphasize?
DISC is most exposed to Consumer Cyclicals, Consumer Non-Cyclicals, and Consumer Services. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: DISC or ZSP?
Year to date, DISC has seen +$3.40 M in net flows, compared with +$620.85 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of DISC and ZSP compare?
DISC has an expense ratio of 0.39%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of DISC and ZSP?
DISC's largest holdings include Amazon.com, Inc., Tesla, Inc., and Walmart, Inc.. ZSP's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: DISC or ZSP?
DISC holds 263 securities, while ZSP holds 499. On holdings count, ZSP is the more diversified portfolio.
Recent articles about DISC and ZSP
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.