JPMorgan US Bond Active ETF (JBND) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that JBND focuses its top 3 sector exposures on Sovereign, Finance, and Industrials, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, JBND features a management fee (MER) of 0.25%, compared to 0.08% for ZSP. Performance-wise, JBND has returned 1.58% year-to-date with +$238 M in net flows, whereas ZSP is at 12.93% with +$609 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
JBND
ZSP
| AuM | $322.02 M | $24,348.52 M |
| Management Fees | 0.25% | 0.08% |
| Exp. ratio | 0.25% | 0.09% |
| Tracking Difference | - | -0.25% |
Historical performance and flows
As of September 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | JBND | -0.36% | -0.95% | -1.58% | - | - |
ZSP | -2.33% | +2.57% | +12.93% | +17.92% | +78.47% | |
| Flows | JBND | -$0 M | +$64 M | +$238 M | - | - |
ZSP | +$255 M | +$190 M | +$609 M | +$994 M | +$5,405 M |
JBND vs ZSP exposure
Countries
JBND
Other
50.51%
USA
44.02%
ZSP
USA
97.56%
Sectors
JBND
Other
50.51%
Sovereign
32.18%
Finance
8.45%
Other
8.87%
ZSP
Technology
44.85%
Finance
14.06%
Healthcare
8.98%
Consumer Non-Cyclicals
8.97%
Industrials
7.87%
Other
15.28%
As of September 9, 2026
Top 10 Holdings
JBND
USA, Notes 3.625% 31aug2029, USD (AC-2029)
1.63%
USA, Notes 3.875% 15aug2034, USD (E-2034)
1.49%
USA, Notes 4% 15feb2034, USD (B-2034)
1.43%
USA, Notes 1.875% 15feb2032, USD (B-2032)
1.40%
USA, Notes 4.25% 31may2033, USD (L-2033)
1.35%
USA, STRIPS 0% 15feb2036, USD (10957D)
1.16%
USA, Notes 4% 31jul2032, USD (N-2032)
0.92%
USA, Notes 4.125% 29feb2032, USD (H-2032)
0.92%
USA, STRIPS 0% 15feb2040, USD (10961D)
0.90%
USA, STRIPS 0% 15aug2037, USD (10774D)
0.86%
ZSP
Apple, Inc.
7.66%
NVIDIA Corp.
7.39%
Microsoft Corp.
5.24%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.07%
Broadcom Inc.
2.88%
Alphabet, Inc.
2.47%
Meta Platforms, Inc.
1.85%
Micron Technology, Inc.
1.55%
JPMorgan Chase & Co.
1.47%
Diversification
JBND
Total weight of top 10 holdings out of 1,691 total
12.06%
ZSP
Total weight of top 10 holdings out of 502 total
37.19%
Characteristics
Compare
JBND
ZSP
| Provider | J.P. Morgan Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2025 | November 14, 2012 |
Frequently asked questions about JBND and ZSP
Which ETF has performed better year to date: JBND or ZSP?
As of September 9, 2026, JBND has returned -1.58% year to date, while ZSP has returned 12.93%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: JBND or ZSP?
As of September 9, 2026, JBND manages $322.02 M in assets, while ZSP manages $24.35 B. ZSP is the larger fund by AUM.
How are JBND and ZSP managed?
JBND is actively managed by J.P. Morgan Asset Management. It does not track an index. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do JBND and ZSP emphasize?
JBND is most exposed to Sovereign, Finance, and Industrials. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: JBND or ZSP?
Year to date, JBND has seen +$238.01 M in net flows, compared with +$609.27 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of JBND and ZSP compare?
JBND has an expense ratio of 0.25%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of JBND and ZSP?
JBND's largest holdings include USA, Notes 3.625% 31aug2029, USD (AC-2029) and USA, Notes 3.875% 15aug2034, USD (E-2034). ZSP's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: JBND or ZSP?
JBND holds 601 securities, while ZSP holds 499. On holdings count, JBND is the more diversified portfolio.
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