VS
Compare Franklin U.S. Mid Cap Multifactor Index ETF (CA) (FMID) vs BMO MSCI USA Equal Weight Index ETF (ZEQL.U) to find the best fit for your portfolio. FMID provides Finance, Healthcare, and Industrials exposures, while ZEQL.U is primarily weighted in Finance, Technology, and Industrials. When evaluating costs, FMID features a management fee (MER) of 0.3%, compared to 0.05% for ZEQL.U. 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
FMID
ZEQL.U
| AuM | $12.73 M | $20.63 M |
| Management Fees | 0.30% | 0.05% |
| Exp. ratio | 0.35% | 0.05% |
| Tracking Difference | - | 0.34% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FMID | +3.78% | -0.76% | +11.77% | +11.68% | - |
ZEQL.U | +2.87% | -0.02% | - | - | - | |
| Flows | FMID | +$0 M | +$0 M | +$2 M | +$0 M | - |
ZEQL.U | +$0 M | +$5 M | +$0 M | +$0 M | +$0 M |
FMID vs ZEQL.U exposure
Countries
FMID
USA
94.98%
ZEQL.U
USA
94.54%
Sectors
FMID
Finance
19.24%
Healthcare
15.73%
Industrials
13.91%
Technology
13.30%
Consumer Non-Cyclicals
10.46%
Consumer Cyclicals
7.50%
Other
19.86%
ZEQL.U
Finance
21.54%
Technology
17.39%
Industrials
13.25%
Healthcare
11.71%
Consumer Non-Cyclicals
7.19%
Other
28.91%
As of October 28, 2026
Top 10 Holdings
FMID
Expedia Group, Inc.
1.37%
Paychex, Inc.
1.21%
The Allstate Corp.
1.18%
Garmin Ltd.
1.15%
Cencora, Inc.
1.14%
Prudential Financial, Inc.
1.12%
Williams-Sonoma, Inc.
1.09%
Fastenal Co.
1.08%
Arch Capital Group Ltd.
1.05%
Anglogold Ashanti Plc
1.05%
ZEQL.U
Atlassian Corp.
0.39%
Equity Residential
0.35%
Snowflake, Inc.
0.34%
Okta, Inc.
0.34%
Dell Technologies, Inc.
0.34%
SharkNinja, Inc.
0.33%
Veeva Systems, Inc.
0.30%
Natera, Inc.
0.29%
Hewlett Packard Enterprise Co.
0.28%
Palo Alto Networks, Inc.
0.28%
Diversification
FMID
Total weight of top 10 holdings out of 204 total
11.45%
ZEQL.U
Total weight of top 10 holdings out of 525 total
3.25%
Characteristics
Compare
FMID
ZEQL.U
| Provider | Franklin Templeton | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | LibertyQ US Mid Cap Equity Total Return Index - USD | MSCI USA Equal Weighted Net Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.13% | - |
| Meets ESG criteria | No | No |
| Inception Date | January 30, 2025 | February 3, 2026 |
Frequently asked questions about FMID and ZEQL.U
Which ETF is attracting more investor flows: FMID or ZEQL.U?
Year to date, FMID has seen +$1.94 M in net flows, compared with +$0.00 M for ZEQL.U. FMID has attracted more net investor money so far.
How do the fees of FMID and ZEQL.U compare?
FMID has an expense ratio of 0.35%, while ZEQL.U has an expense ratio of 0.05%.
What are the top holdings of FMID and ZEQL.U?
FMID's largest holdings include Expedia Group, Inc., Paychex, Inc., and The Allstate Corp.. ZEQL.U's top holdings include Atlassian Corp., Equity Residential, and Snowflake, Inc..
Which ETF is more diversified: FMID or ZEQL.U?
FMID holds 201 securities, while ZEQL.U holds 522. On holdings count, ZEQL.U is the more diversified portfolio.
Which ETF is larger by assets under management: FMID or ZEQL.U?
As of October 28, 2026, FMID manages $12.73 M in assets, while ZEQL.U manages $20.63 M. ZEQL.U is the larger fund by AUM.
How are FMID and ZEQL.U managed?
FMID is passively managed by Franklin Templeton. It tracks the LibertyQ US Mid Cap Equity Total Return Index - USD benchmark. ZEQL.U is passively managed by BMO. It tracks the MSCI USA Equal Weighted Net Total Return Index - USD benchmark.
What sectors do FMID and ZEQL.U emphasize?
FMID is most exposed to Finance, Healthcare, and Industrials. ZEQL.U is most exposed to Finance, Technology, and Industrials.
Recent articles about FMID and ZEQL.U
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.