When evaluating costs, FBAL features a management fee (MER) of 0.37%, compared to 0.08% for ZSP. Performance-wise, FBAL has returned 8.26% year-to-date with +$3 B in net flows, whereas ZSP is at 13.22% with +$387 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
FBAL
ZSP
| AuM | $9,356.43 M | $24,234.74 M |
| Management Fees | 0.37% | 0.08% |
| Exp. ratio | 0.41% | 0.09% |
| Tracking Difference | - | -0.22% |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FBAL | +3.65% | +8.20% | +8.26% | +15.69% | +55.84% |
ZSP | +4.86% | +16.98% | +13.22% | +31.67% | +88.82% | |
| Flows | FBAL | +$416 M | +$1,210 M | +$2,526 M | +$4,990 M | +$7,929 M |
ZSP | -$19 M | +$214 M | +$387 M | +$1,273 M | +$4,986 M |
FBAL vs ZSP exposure
Countries
FBAL
Exposure data will be available soon
ZSP
USA
97.06%
Sectors
FBAL
Exposure data will be available soon
ZSP
Information Technology
36.41%
Communication Services
10.68%
Consumer Discretionary
10.06%
Financials
9.94%
Health Care
8.26%
Industrials
8.01%
Other
16.63%
As of June 19, 2026
Top 10 Holdings
FBAL
Exposure data will be available soon
ZSP
NVIDIA
8.33%
APPLE
6.50%
MICROSOFT-T
5.16%
AMAZON.COM INC
4.21%
ALPHABET INC-CL
3.33%
BROADCOM LIMITED
3.16%
ALPHABET INC-CL
2.67%
META PLATFORMS
2.40%
TESLA
1.72%
BERKSHIRE HATHWAY
1.44%
Diversification
FBAL
Exposure data will be available soon
ZSP
Total weight of top 10 holdings out of 502 total
38.91%
Characteristics
Compare
FBAL
ZSP
| Provider | Fidelity | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 0.74% |
| Meets ESG criteria | No | No |
| Inception Date | January 12, 2021 | November 14, 2012 |
Frequently asked questions about FBAL and ZSP
Which ETF has performed better year to date: FBAL or ZSP?
As of June 19, 2026, FBAL has returned 8.26% year to date, while ZSP has returned 13.22%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: FBAL or ZSP?
As of June 19, 2026, FBAL manages $9.36 B in assets, while ZSP manages $24.23 B. ZSP is the larger fund by AUM.
How are FBAL and ZSP managed?
FBAL is actively managed by Fidelity. It does not track an index. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: FBAL or ZSP?
Year to date, FBAL has seen +$2,526.05 M in net flows, compared with +$386.70 M for ZSP. FBAL has attracted more net investor money so far.
How do the fees of FBAL and ZSP compare?
FBAL has an expense ratio of 0.41%, while ZSP has an expense ratio of 0.09%.
Recent articles about FBAL and ZSP
Fidelity Investments Canada welcomes 12 ETFs to Cboe Canada
Fidelity Investments Canada increases their ETF offerings on Cboe Canada.
Posted on 4/12/2024 by Kyle Anthony inETF Ecosystem
Benefiting from Multi-Asset Investing
Having broad exposure to various asset classes has proven to be a cogent investment strategy.
Posted on 1/11/2024 by Kyle Anthony inETF Ecosystem
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.