When evaluating costs, FBAL features a management fee (MER) of 0.37%, compared to 0.08% for ZSP. Performance-wise, FBAL has returned 9.33% year-to-date with +$3 B in net flows, whereas ZSP is at 14.32% with +$534 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 | $10,224.32 M | $24,572.37 M |
| Management Fees | 0.37% | 0.08% |
| Exp. ratio | 0.41% | 0.09% |
| Tracking Difference | - | -0.25% |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FBAL | -0.36% | +2.04% | +9.33% | +12.07% | +53.60% |
ZSP | -1.80% | +1.45% | +14.32% | +19.87% | +79.50% | |
| Flows | FBAL | +$323 M | +$985 M | +$3,297 M | +$4,938 M | +$8,641 M |
ZSP | +$139 M | +$155 M | +$534 M | +$963 M | +$5,346 M |
FBAL vs ZSP exposure
Countries
FBAL
Exposure data will be available soon
ZSP
USA
97.56%
Sectors
FBAL
Exposure data will be available soon
ZSP
Technology
44.85%
Finance
14.06%
Healthcare
8.98%
Consumer Non-Cyclicals
8.97%
Industrials
7.87%
Other
15.28%
As of September 4, 2026
Top 10 Holdings
FBAL
Exposure data will be available soon
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
FBAL
Exposure data will be available soon
ZSP
Total weight of top 10 holdings out of 502 total
37.19%
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% | 0.76% |
| 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 September 4, 2026, FBAL has returned 9.33% year to date, while ZSP has returned 14.32%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: FBAL or ZSP?
As of September 4, 2026, FBAL manages $10.22 B in assets, while ZSP manages $24.57 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 +$3,296.93 M in net flows, compared with +$534.04 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
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