VS
Compare Desjardins Canadian Equity Index ETF (DMEC) vs BMO S&P/TSX Capped Composite Index ETF (ZCN) to find the best fit for your portfolio. DMEC and ZCN provide the same top sector exposures: Financials, Energy, and Materials. When evaluating costs, DMEC features a management fee (MER) of 0.05%, compared to 0.05% for ZCN. Performance-wise, DMEC has returned 7.57% year-to-date with +$305 M in net flows, whereas ZCN is at 7.55% with +$2 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
DMEC
ZCN
| AuM | $1,827.15 M | $16,031.44 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.31% | -0.12% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DMEC | +2.16% | +3.09% | +7.57% | +37.82% | - |
ZCN | +1.99% | +3.10% | +7.55% | +37.76% | +79.00% | |
| Flows | DMEC | +$100 M | +$274 M | +$305 M | +$795 M | - |
ZCN | +$435 M | +$1,059 M | +$1,603 M | +$2,547 M | +$4,062 M |
DMEC vs ZCN exposure
Countries
DMEC
Canada
99.89%
ZCN
Canada
99.28%
Sectors
DMEC
Financials
28.31%
Energy
17.98%
Materials
16.28%
Other
13.21%
Other
24.21%
ZCN
Financials
28.26%
Energy
18.52%
Materials
15.49%
Other
12.55%
Other
25.19%
As of May 7, 2026
Top 10 Holdings
DMEC
ROYAL BK CANADA
6.70%
TORONTO DOMINION
4.66%
SHOPIFY SUBORDINATE VOTING
4.13%
ENBRIDGE
3.50%
AGNICO EAGLE MINES LTD
3.02%
CDN NATURAL RESOURCE
2.94%
BANK OF MONTREAL
2.84%
CA11271J1075
2.65%
CDN IMPERIAL BK
2.60%
BNS
2.54%
ZCN
ROYAL BK CANADA
6.73%
TORONTO DOMINION
4.69%
SHOPIFY SUBORDINATE VOTING
4.18%
ENBRIDGE
3.61%
CDN NATURAL RESOURCE
3.14%
AGNICO EAGLE MINES LTD
2.94%
BANK OF MONTREAL
2.83%
CA11271J1075
2.60%
CDN IMPERIAL BK
2.60%
BNS
2.53%
Diversification
DMEC
Total weight of top 10 holdings out of 320 total
35.57%
ZCN
Total weight of top 10 holdings out of 221 total
35.84%
Characteristics
Compare
DMEC
ZCN
| Provider | Desjardins Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canada Broad Market Index NTR - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.96% | 2.09% |
| Meets ESG criteria | No | No |
| Inception Date | April 18, 2024 | May 29, 2009 |
Frequently asked questions about DMEC and ZCN
Which ETF has performed better year to date: DMEC or ZCN?
As of May 7, 2026, DMEC has returned 7.57% year to date, while ZCN has returned 7.55%. DMEC is ahead on YTD performance.
Which ETF is larger by assets under management: DMEC or ZCN?
As of May 7, 2026, DMEC manages $1.83 B in assets, while ZCN manages $16.03 B. ZCN is the larger fund by AUM.
How are DMEC and ZCN managed?
DMEC is passively managed by Desjardins Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark. ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do DMEC and ZCN emphasize?
DMEC is most exposed to Financials, Energy, and Materials. ZCN is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: DMEC or ZCN?
Year to date, DMEC has seen +$304.73 M in net flows, compared with +$1,603.37 M for ZCN. ZCN has attracted more net investor money so far.
How do the fees of DMEC and ZCN compare?
DMEC has an expense ratio of 0.06%, while ZCN has an expense ratio of 0.06%.
What are the top holdings of DMEC and ZCN?
DMEC's largest holdings include ROYAL BK CANADA and TORONTO DOMINION. ZCN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: DMEC or ZCN?
DMEC holds 270 securities, while ZCN holds 193. On holdings count, DMEC is the more diversified portfolio.
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