VS
Fidelity International High Quality Index ETF (FCIQ) and BMO MSCI EAFE High Quality Index ETF (ZIQ) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FCIQ focuses its top 3 sector exposures on Industrials, Consumer Discretionary, and Information Technology, while ZIQ leans towards Health Care, Information Technology, and Industrials. When evaluating costs, FCIQ features a management fee (MER) of 0.45%, compared to 0.4% for ZIQ. Performance-wise, FCIQ has returned 4.59% year-to-date with +$273 M in net flows, whereas ZIQ is at 5.03% with +$24 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
FCIQ
ZIQ
| AuM | $1,614.60 M | $84.74 M |
| Management Fees | 0.45% | 0.40% |
| Exp. ratio | 0.51% | 0.40% |
| Tracking Difference | -0.94% | 0.63% |
Historical performance and flows
As of April 13, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCIQ | +4.57% | +0.63% | +4.59% | +19.26% | +43.30% |
ZIQ | +5.64% | +0.29% | +5.03% | +20.79% | - | |
| Flows | FCIQ | +$38 M | +$261 M | +$273 M | +$677 M | +$951 M |
ZIQ | +$0 M | +$24 M | +$24 M | -$162 M | - |
FCIQ vs ZIQ exposure
Countries
FCIQ
Japan
31.70%
United Kingdom
15.59%
France
8.29%
Netherlands
7.57%
Other
36.86%
ZIQ
Switzerland
20.83%
United Kingdom
18.17%
Japan
16.43%
Netherlands
9.34%
France
8.39%
Germany
7.75%
Other
19.10%
Sectors
FCIQ
Industrials
25.91%
Consumer Discretionary
16.01%
Information Technology
15.80%
Financials
14.45%
Energy
10.12%
Communication Services
9.88%
Other
7.83%
ZIQ
Health Care
20.68%
Information Technology
18.29%
Industrials
18.06%
Financials
9.74%
Consumer Discretionary
9.56%
Consumer Staples
8.34%
Other
15.34%
As of April 13, 2026
Top 10 Holdings
FCIQ
ASML HOLDING
3.34%
CAPCOM
3.33%
SHELL PLC
3.18%
EQUINOR
2.46%
RIGHTMOVE
2.42%
AUTO TRAD/D
2.42%
GTT PROMESSES
2.27%
INPEX
2.21%
KEYENCE
2.15%
ADVANTEST
2.11%
ZIQ
ASML HOLDING
6.49%
ROCHE
4.79%
NOVARTIS
4.71%
ASTRAZENECA
4.33%
NESTLE SA
3.38%
BHP GROUP LTD
2.20%
GB00BVZK7T90
2.16%
SAP SE
2.09%
ADVANTEST
2.05%
ABB
1.90%
Diversification
FCIQ
Total weight of top 10 holdings out of 87 total
25.90%
ZIQ
Total weight of top 10 holdings out of 222 total
34.11%
Characteristics
Compare
FCIQ
ZIQ
| Provider | Fidelity | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Fidelity Canada International High Quality GTR Index - CAD | MSCI EAFE Quality NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.50% | 1.49% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2019 | October 23, 2024 |
Frequently asked questions about FCIQ and ZIQ
Which ETF has performed better year to date: FCIQ or ZIQ?
As of April 13, 2026, FCIQ has returned 4.59% year to date, while ZIQ has returned 5.03%. ZIQ is ahead on YTD performance.
Which ETF is larger by assets under management: FCIQ or ZIQ?
As of April 13, 2026, FCIQ manages $1.61 B in assets, while ZIQ manages $84.74 M. FCIQ is the larger fund by AUM.
How are FCIQ and ZIQ managed?
FCIQ is passively managed by Fidelity. It tracks the Fidelity Canada International High Quality GTR Index - CAD benchmark. ZIQ is passively managed by BMO. It tracks the MSCI EAFE Quality NTR Index - CAD benchmark.
What sectors do FCIQ and ZIQ emphasize?
FCIQ is most exposed to Industrials, Consumer Discretionary, and Information Technology. ZIQ is most exposed to Health Care, Information Technology, and Industrials.
Which ETF is attracting more investor flows: FCIQ or ZIQ?
Year to date, FCIQ has seen +$272.53 M in net flows, compared with +$24.34 M for ZIQ. FCIQ has attracted more net investor money so far.
How do the fees of FCIQ and ZIQ compare?
FCIQ has an expense ratio of 0.51%, while ZIQ has an expense ratio of 0.40%.
What are the top holdings of FCIQ and ZIQ?
FCIQ's largest holdings include ASML HOLDING, CAPCOM, and SHELL PLC. ZIQ's top holdings include ASML HOLDING and ROCHE.
Which ETF is more diversified: FCIQ or ZIQ?
FCIQ holds 84 securities, while ZIQ holds 210. On holdings count, ZIQ is the more diversified portfolio.
Recent articles about FCIQ and ZIQ
International ETFs To Reduce U.S. Market Exposure
A look at International Equity ETFs worthy of consideration in a changing global landscape.
Posted on 3/6/2025 by Kyle Anthony inGlobal
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.