VS
Global X Mid-Term U.S. Treasury Premium Yield ETF (MPAY) and BMO AAA CLO ETF (ZAAA.F) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MPAY focuses its top 3 sector exposures on Sovereign and Non-Corporate, while ZAAA.F leans towards Industrials, Non-Corporate, and Finance. When evaluating costs, MPAY features a management fee (MER) of 0.4%, compared to 0.23% for ZAAA.F. Performance-wise, MPAY has returned 0.54% year-to-date with +$0 M in net flows, whereas ZAAA.F is at 1.87% with +$662 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
MPAY
ZAAA.F
| AuM | $68.55 M | $867.79 M |
| Management Fees | 0.40% | 0.23% |
| Exp. ratio | 0.56% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of August 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MPAY | +0.59% | -0.58% | +0.54% | +2.62% | - |
ZAAA.F | +0.29% | +0.74% | +1.87% | +2.93% | - | |
| Flows | MPAY | -$3 M | -$8 M | +$0 M | -$5 M | - |
ZAAA.F | +$261 M | +$468 M | +$662 M | +$724 M | - |
MPAY vs ZAAA.F exposure
Countries
MPAY
Other
56.57%
USA
43.44%
ZAAA.F
Other
78.98%
USA
21.01%
Sectors
MPAY
Other
56.57%
Sovereign
43.44%
ZAAA.F
Other
78.99%
Industrials
20.90%
As of August 31, 2026
Top 10 Holdings
MPAY
CA37966J3001
28.87%
CA37893H1047
25.97%
USA, Bills 0% 19nov2026, USD (182D)
8.86%
USA, Bills 0% 11aug2026, USD (119D)
6.02%
USA, Bills 0% 8oct2026, USD (182D)
4.11%
USA, Bills 0% 15oct2026, USD (182D)
4.08%
USA, Bills 0% 20aug2026, USD (182D)
3.59%
USA, Bills 0% 24sep2026, USD (182D)
1.91%
USA, Bills 0% 3sep2026, USD (364D)
1.45%
USA, Bonds 4.125% 15aug2053, USD
0.62%
ZAAA.F
US671026AW26
3.69%
US92920DAL91
3.32%
Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1)
3.32%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
2.86%
Diameter Capital CLO 2022-4A, FRN 18jan2039, USD (ABS, ARR)
1.94%
AIMCO CLO 2025-23A, FRN 20apr2038, USD (ABS, A)
1.94%
CIFC Funding 2023-3A, FRN 20jan2039, USD (ABS, A1R)
1.85%
US720916AA38
1.85%
US03990NAA37
1.85%
US76676AAA88
1.66%
Diversification
MPAY
Total weight of top 10 holdings out of 57 total
85.47%
ZAAA.F
Total weight of top 10 holdings out of 1,412 total
24.28%
Characteristics
Frequently asked questions about MPAY and ZAAA.F
Which ETF has performed better year to date: MPAY or ZAAA.F?
As of August 31, 2026, MPAY has returned 0.54% year to date, while ZAAA.F has returned 1.87%. ZAAA.F is ahead on YTD performance.
Which ETF is larger by assets under management: MPAY or ZAAA.F?
As of August 31, 2026, MPAY manages $68.55 M in assets, while ZAAA.F manages $867.79 M. ZAAA.F is the larger fund by AUM.
How are MPAY and ZAAA.F managed?
MPAY is actively managed by Global X. It does not track an index. ZAAA.F is actively managed by BMO. It does not track an index.
What sectors do MPAY and ZAAA.F emphasize?
MPAY is most exposed to Sovereign and Non-Corporate. ZAAA.F is most exposed to Industrials, Non-Corporate, and Finance.
Which ETF is attracting more investor flows: MPAY or ZAAA.F?
Year to date, MPAY has seen +$0.30 M in net flows, compared with +$661.82 M for ZAAA.F. ZAAA.F has attracted more net investor money so far.
How do the fees of MPAY and ZAAA.F compare?
MPAY has an expense ratio of 0.56%, while ZAAA.F has an expense ratio of 0.23%.
What are the top holdings of MPAY and ZAAA.F?
MPAY's largest holdings include USA, Bills 0% 19nov2026, USD (182D) and USA, Bills 0% 11aug2026, USD (119D). ZAAA.F's top holdings include Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1) and AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1).
Which ETF is more diversified: MPAY or ZAAA.F?
MPAY holds 56 securities, while ZAAA.F holds 153. On holdings count, ZAAA.F is the more diversified portfolio.
Recent articles about MPAY and ZAAA.F
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