VS
Harvest Premium Yield Treasury ETF (HPYT) and BMO Aggregate Bond Index ETF (ZAG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HPYT focuses its top 3 sector exposures on Sovereign and Non-Corporate, while ZAG leans towards Sovereign, Municipal, and Finance. When evaluating costs, HPYT features a management fee (MER) of 0.45%, compared to 0.08% for ZAG. Performance-wise, HPYT has returned 4.11% year-to-date with -$126 M in net flows, whereas ZAG is at 0.72% with +$1 B. 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
HPYT
ZAG
| AuM | $272.23 M | $13,162.14 M |
| Management Fees | 0.45% | 0.08% |
| Exp. ratio | 0.69% | 0.09% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HPYT | +0.06% | -4.69% | -4.11% | -5.38% | - |
ZAG | -0.99% | -2.56% | -0.72% | -1.01% | +13.05% | |
| Flows | HPYT | -$18 M | -$48 M | -$126 M | -$168 M | - |
ZAG | +$113 M | +$684 M | +$1,358 M | +$2,446 M | +$7,354 M |
HPYT vs ZAG exposure
Countries
HPYT
USA
98.93%
ZAG
Canada
96.36%
Sectors
HPYT
Sovereign
99.40%
ZAG
Sovereign
34.56%
Municipal
31.38%
Finance
11.84%
Government Agencies
9.39%
Other
12.84%
As of September 16, 2026
Top 10 Holdings
HPYT
USA, Bonds 4.125% 15aug2053, USD
4.00%
USA, Bonds 4.75% 15nov2053, USD
3.92%
USA, Bonds 4.75% 15may2055, USD
3.89%
USA, Bonds 4.625% 15may2054, USD
3.83%
USA, Bonds 4.25% 15feb2054, USD
3.56%
USA, Bonds 4.75% 15feb2056, USD
3.50%
USA, Bonds 4.25% 15aug2054, USD
3.48%
USA, Bonds 4.625% 15feb2055, USD
3.38%
USA, Bonds 3.625% 15may2053, USD
3.33%
USA, Bonds 4.5% 15nov2054, USD
3.28%
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.29%
Canada, Bonds 2.5% 1nov2027, CAD
3.68%
Canada, Bond 2.25 1jun2029 10Y
2.89%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.68%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.41%
Canada, Bonds 2.75% 1dec2055, CAD
2.32%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.23%
Bank of Montreal, 3.19% 1mar2028, CAD
2.21%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.20%
Canada, Bonds 2.25% 1feb2028, CAD
2.19%
Diversification
HPYT
Total weight of top 10 holdings out of 185 total
36.18%
ZAG
Total weight of top 10 holdings out of 85 total
27.10%
Characteristics
Compare
HPYT
ZAG
| Provider | Harvest Portfolios Group | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 16.18% | 3.51% |
| Meets ESG criteria | No | No |
| Inception Date | September 28, 2023 | January 19, 2010 |
Frequently asked questions about HPYT and ZAG
Which ETF has performed better year to date: HPYT or ZAG?
As of September 16, 2026, HPYT has returned -4.11% year to date, while ZAG has returned -0.72%. ZAG is ahead on YTD performance.
Which ETF is larger by assets under management: HPYT or ZAG?
As of September 16, 2026, HPYT manages $272.23 M in assets, while ZAG manages $13.16 B. ZAG is the larger fund by AUM.
How are HPYT and ZAG managed?
HPYT is actively managed by Harvest Portfolios Group. It does not track an index. ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
What sectors do HPYT and ZAG emphasize?
HPYT is most exposed to Sovereign and Non-Corporate. ZAG is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: HPYT or ZAG?
Year to date, HPYT has seen -$125.89 M in net flows, compared with +$1,357.90 M for ZAG. ZAG has attracted more net investor money so far.
How do the fees of HPYT and ZAG compare?
HPYT has an expense ratio of 0.69%, while ZAG has an expense ratio of 0.09%.
What are the top holdings of HPYT and ZAG?
HPYT's largest holdings include USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.75% 15may2055, USD. ZAG's top holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bond 2.25 1jun2029 10Y.
Which ETF is more diversified: HPYT or ZAG?
HPYT holds 146 securities, while ZAG holds 85. On holdings count, HPYT is the more diversified portfolio.
Recent articles about HPYT and ZAG
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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.