VS
When evaluating costs, NCPB features a management fee (MER) of 0.45%, compared to 0.08% for ZSP. Performance-wise, NCPB has returned 0.72% year-to-date with +$6 M in net flows, whereas ZSP is at 11.96% with +$291 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
NCPB
ZSP
| AuM | $65.04 M | $23,825.17 M |
| Management Fees | 0.45% | 0.08% |
| Exp. ratio | 0.45% | 0.09% |
| Tracking Difference | - | -0.10% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NCPB | -0.95% | -0.85% | -0.72% | - | - |
ZSP | +0.08% | +8.15% | +11.96% | +22.47% | +80.87% | |
| Flows | NCPB | +$1 M | +$1 M | +$6 M | - | - |
ZSP | -$96 M | +$12 M | +$291 M | +$899 M | +$5,074 M |
NCPB vs ZSP exposure
Countries
NCPB
Exposure data will be available soon
ZSP
USA
97.59%
Sectors
NCPB
Exposure data will be available soon
ZSP
Technology
45.24%
Finance
13.35%
Consumer Non-Cyclicals
8.96%
Healthcare
8.87%
Industrials
7.90%
Other
15.69%
As of July 20, 2026
Top 10 Holdings
NCPB
Exposure data will be available soon
ZSP
NVIDIA Corp.
7.39%
Apple, Inc.
6.48%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.68%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.76%
Alphabet, Inc.
2.60%
Micron Technology, Inc.
2.03%
Meta Platforms, Inc.
1.94%
Tesla, Inc.
1.81%
Diversification
NCPB
Exposure data will be available soon
ZSP
Total weight of top 10 holdings out of 502 total
36.20%
Characteristics
Compare
NCPB
ZSP
| Provider | National Bank Investments | 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 16, 2025 | November 14, 2012 |
Frequently asked questions about NCPB and ZSP
Which ETF has performed better year to date: NCPB or ZSP?
As of July 20, 2026, NCPB has returned -0.72% year to date, while ZSP has returned 11.96%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: NCPB or ZSP?
As of July 20, 2026, NCPB manages $65.04 M in assets, while ZSP manages $23.83 B. ZSP is the larger fund by AUM.
How are NCPB and ZSP managed?
NCPB is actively managed by National Bank Investments. It does not track an index. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: NCPB or ZSP?
Year to date, NCPB has seen +$5.79 M in net flows, compared with +$290.69 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of NCPB and ZSP compare?
NCPB has an expense ratio of 0.45%, while ZSP has an expense ratio of 0.09%.
Recent articles about NCPB and ZSP
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