VS
Fidelity Long/Short Alternative Fund (FLSA) and BMO Canadian Equity Plus ETF (ZBEC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FLSA focuses its top 3 sector exposures on Industrials, Financials, and Information Technology, while ZBEC leans towards Financials, Information Technology, and Energy. When evaluating costs, FLSA features a management fee (MER) of 1.15%, compared to 0.51% for ZBEC. Performance-wise, FLSA has returned 2.99% year-to-date with +$20 M in net flows, whereas ZBEC is at 9.2% with +$14 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
FLSA
ZBEC
| AuM | $238.77 M | $86.18 M |
| Management Fees | 1.15% | 0.51% |
| Exp. ratio | 1.46% | 0.51% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLSA | -0.39% | +3.02% | +2.99% | +10.04% | - |
ZBEC | +1.67% | +9.36% | +9.20% | +29.08% | - | |
| Flows | FLSA | +$3 M | -$4 M | +$20 M | +$6 M | - |
ZBEC | -$4 M | -$0 M | +$14 M | +$72 M | - |
FLSA vs ZBEC exposure
Countries
FLSA
USA
50.76%
Canada
28.84%
Other
14.52%
ZBEC
Canada
51.59%
USA
46.03%
Sectors
FLSA
Industrials
15.81%
Other
14.52%
Financials
14.20%
Information Technology
12.29%
Communication Services
9.09%
Consumer Discretionary
7.79%
Other
26.30%
ZBEC
Financials
22.13%
Information Technology
19.57%
Energy
10.13%
Industrials
8.42%
Consumer Discretionary
7.97%
Other
7.81%
Other
23.98%
As of June 11, 2026
Top 10 Holdings
FLSA
ALPHABET INC-CL
4.09%
ROYAL BK CANADA
3.35%
MICROSOFT-T
3.21%
TORONTO DOMINION
3.16%
FRANCO NEVADA
3.03%
RESTAURANT BRANDS INTL
2.93%
AGNICO EAGLE MINES LTD
2.91%
DOLLAR TREE
2.80%
AMAZON.COM INC
2.52%
CATERPILLAR
2.51%
ZBEC
ROYAL BK CANADA
5.47%
ALPHABET INC-CL
5.05%
APPLE
5.04%
NVIDIA
3.63%
AGNICO EAGLE MINES LTD
3.45%
TORONTO DOMINION
3.44%
BK OF AMERICA CO
3.43%
AMAZON.COM INC
3.23%
SHOPIFY SUBORDINATE VOTING
3.07%
SUNCOR ENERGY
3.01%
Diversification
FLSA
Total weight of top 10 holdings out of 77 total
30.50%
ZBEC
Total weight of top 10 holdings out of 49 total
38.82%
Characteristics
Frequently asked questions about FLSA and ZBEC
Which ETF has performed better year to date: FLSA or ZBEC?
As of June 11, 2026, FLSA has returned 2.99% year to date, while ZBEC has returned 9.20%. ZBEC is ahead on YTD performance.
Which ETF is larger by assets under management: FLSA or ZBEC?
As of June 11, 2026, FLSA manages $238.77 M in assets, while ZBEC manages $86.18 M. FLSA is the larger fund by AUM.
How are FLSA and ZBEC managed?
FLSA is actively managed by Fidelity. It does not track an index. ZBEC is actively managed by BMO. It does not track an index.
What sectors do FLSA and ZBEC emphasize?
FLSA is most exposed to Industrials, Financials, and Information Technology. ZBEC is most exposed to Financials, Information Technology, and Energy.
Which ETF is attracting more investor flows: FLSA or ZBEC?
Year to date, FLSA has seen +$20.04 M in net flows, compared with +$14.19 M for ZBEC. FLSA has attracted more net investor money so far.
How do the fees of FLSA and ZBEC compare?
FLSA has an expense ratio of 1.46%, while ZBEC has an expense ratio of 0.51%.
What are the top holdings of FLSA and ZBEC?
FLSA's largest holdings include ALPHABET INC-CL, ROYAL BK CANADA, and MICROSOFT-T. ZBEC's top holdings include ROYAL BK CANADA and ALPHABET INC-CL.
Which ETF is more diversified: FLSA or ZBEC?
FLSA holds 77 securities, while ZBEC holds 46. On holdings count, FLSA is the more diversified portfolio.
Recent articles about FLSA and ZBEC
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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.