VS
Franklin Canadian Government Bond Fund (FGOV) and BMO Target 2028 Canadian Corporate Bond ETF (ZXCP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FGOV focuses its top 3 sector exposures on Municipal, Finance, and Utilities, while ZXCP leans towards Finance, Energy, and Telecommunications. When evaluating costs, FGOV features a management fee (MER) of 0.15%, compared to 0.17% for ZXCP. Performance-wise, FGOV has returned 0.74% year-to-date with +$1 M in net flows, whereas ZXCP is at 1.16% with +$7 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
FGOV
ZXCP
| AuM | $10.01 M | $13.27 M |
| Management Fees | 0.15% | 0.17% |
| Exp. ratio | 0.23% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FGOV | -0.87% | -2.64% | -0.74% | -0.98% | - |
ZXCP | -0.01% | -0.10% | +1.16% | +1.49% | - | |
| Flows | FGOV | +$0 M | +$0 M | +$1 M | +$1 M | - |
ZXCP | +$3 M | +$6 M | +$7 M | +$9 M | - |
FGOV vs ZXCP exposure
Countries
FGOV
Canada
93.99%
ZXCP
Canada
100.20%
Sectors
FGOV
Municipal
43.11%
Finance
26.52%
Utilities
9.09%
Government Agencies
8.37%
Other
12.90%
ZXCP
Finance
69.47%
Energy
12.28%
Other
18.26%
As of October 2, 2026
Top 10 Holdings
FGOV
CMHC, 2.65% 15dec2028, CAD (85)
5.18%
British Columbia, 4.15% 18jun2034, CAD (BCCD-46)
3.70%
Alberta, 3.3% 1dec2046, CAD
3.36%
Alberta, 3.45% 1dec2043, CAD
3.34%
Province of Ontario, 2.7% 2jun2029, CAD (DMTN240)
2.53%
Manitoba, 4.65% 5mar2040, CAD (FK)
2.47%
Province of Quebec, 4% 1sep2036, CAD (B140)
2.44%
Alberta, 3.05% 1dec2048, CAD (DQ)
2.38%
OMERS Finance Trust, 2.6% 14may2029, CAD (A)
2.32%
Labrador Island Link Funding, 3.76% 1jun2033, CAD (A)
2.32%
ZXCP
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
9.65%
Federation des caisses Desjardins du Quebec, 5.467% 17nov2028, CAD
9.57%
Manulife Financial Corporation, 5.409% 10mar2033, CAD
8.63%
Bank of Montreal, 5.039% 29may2028, CAD
7.14%
Royal Bank of Canada, 5.01% 1feb2033, CAD (26)
6.69%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
6.37%
National Bank of Canada, 5.219% 14jun2028, CAD
6.33%
TransCanada PipeLines, 3.39% 15mar2028, CAD
6.14%
Cenovus Energy, 3.5% 7feb2028, CAD
6.14%
Bell Canada, 3.8% 21aug2028, CAD (M-48)
5.14%
Diversification
FGOV
Total weight of top 10 holdings out of 66 total
30.02%
ZXCP
Total weight of top 10 holdings out of 19 total
71.79%
Characteristics
Compare
FGOV
ZXCP
| Provider | Franklin Templeton | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.48% | 4.11% |
| Meets ESG criteria | No | No |
| Inception Date | April 8, 2024 | March 18, 2025 |
Frequently asked questions about FGOV and ZXCP
Which ETF has performed better year to date: FGOV or ZXCP?
As of October 2, 2026, FGOV has returned -0.74% year to date, while ZXCP has returned 1.16%. ZXCP is ahead on YTD performance.
Which ETF is larger by assets under management: FGOV or ZXCP?
As of October 2, 2026, FGOV manages $10.01 M in assets, while ZXCP manages $13.27 M. ZXCP is the larger fund by AUM.
How are FGOV and ZXCP managed?
FGOV is actively managed by Franklin Templeton. It does not track an index. ZXCP is actively managed by BMO. It does not track an index.
What sectors do FGOV and ZXCP emphasize?
FGOV is most exposed to Municipal, Finance, and Utilities. ZXCP is most exposed to Finance, Energy, and Telecommunications.
Which ETF is attracting more investor flows: FGOV or ZXCP?
Year to date, FGOV has seen +$1.04 M in net flows, compared with +$7.47 M for ZXCP. ZXCP has attracted more net investor money so far.
How do the fees of FGOV and ZXCP compare?
FGOV has an expense ratio of 0.23%, while ZXCP has an expense ratio of 0.17%.
What are the top holdings of FGOV and ZXCP?
FGOV's largest holdings include CMHC, 2.65% 15dec2028, CAD (85), British Columbia, 4.15% 18jun2034, CAD (BCCD-46), and Alberta, 3.3% 1dec2046, CAD. ZXCP's top holdings include Sun Life Financial, 2.8% 21nov2033, CAD (2021-2), Federation des caisses Desjardins du Quebec, 5.467% 17nov2028, CAD, and Manulife Financial Corporation, 5.409% 10mar2033, CAD.
Which ETF is more diversified: FGOV or ZXCP?
FGOV holds 65 securities, while ZXCP holds 19. On holdings count, FGOV is the more diversified portfolio.
Recent articles about FGOV and ZXCP
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