VS
CI North American Core Plus Bond ETF (ONEB) and BMO Long Corporate Bond Index ETF (ZLC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ONEB focuses its top 3 sector exposures on Sovereign, Finance, and Municipal, while ZLC leans towards Energy, Industrials, and Utilities. When evaluating costs, ONEB features a management fee (MER) of 0.55%, compared to 0.3% for ZLC. Performance-wise, ONEB has returned 1.11% year-to-date with +$12 M in net flows, whereas ZLC is at 0.87% with -$179 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
ONEB
ZLC
| AuM | $94.69 M | $269.82 M |
| Management Fees | 0.55% | 0.30% |
| Exp. ratio | 0.63% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ONEB | +0.71% | +0.59% | +1.11% | +0.63% | +12.29% |
ZLC | +2.24% | +2.06% | +0.87% | -0.41% | +19.74% | |
| Flows | ONEB | +$0 M | +$2 M | +$12 M | +$12 M | +$7 M |
ZLC | -$9 M | -$11 M | -$179 M | -$177 M | -$26 M |
ONEB vs ZLC exposure
Countries
ONEB
Canada
87.51%
USA
7.67%
ZLC
Canada
92.34%
USA
7.66%
Sectors
ONEB
Sovereign
28.88%
Finance
22.80%
Municipal
12.83%
Other
35.49%
ZLC
Energy
30.66%
Industrials
26.06%
Utilities
25.07%
Other
18.21%
As of November 10, 2026
Top 10 Holdings
ONEB
CA17167D1042
44.59%
Canada, Bonds 2.5% 1dec2032, CAD
7.20%
Canada, Bonds 2.75% 1mar2030, CAD
3.58%
Canada, Bonds 2.5% 1aug2027, CAD
3.06%
AltaGas, 3.98% 4oct2027, CAD (18)
2.59%
Bank of America Corporation, 3.615% 16mar2028, CAD (N)
2.53%
TELUS, 3.625% 1mar2028, CAD (CX)
2.52%
Dollarama Inc., 1.505% 20sep2027, CAD
2.48%
TransCanada PipeLines, 3.39% 15mar2028, CAD
2.42%
TransCanada PipeLines, 5.277% 15jul2030, CAD
2.28%
ZLC
Enbridge, 4.57% 11mar2044, CAD
7.44%
TransCanada PipeLines, 4.35% 6jun2046, CAD
4.75%
Hydro One Inc, 4.89% 13mar2037, CAD
4.21%
Hydro One Inc, 4.85% 30nov2054, CAD (58)
3.91%
407 International, 4.45% 15nov2041, CAD (11-A1)
3.91%
Amazon.com, 5% 12jun2056, CAD
3.80%
AltaGas, 3.99% 30jun2042, CAD (2012-1)
3.68%
TransCanada PipeLines, 4.34% 15oct2049, CAD
3.47%
407 International, 3.6% 21may2047, CAD (16-A1)
3.32%
Greater Toronto Airports Authority, 5.3% 25feb2041, CAD (2011-1)
2.93%
Diversification
ONEB
Total weight of top 10 holdings out of 1,209 total
73.24%
ZLC
Total weight of top 10 holdings out of 42 total
41.43%
Characteristics
Compare
ONEB
ZLC
| Provider | CI | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Long Term Corporate Bond TR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.11% | 4.58% |
| Meets ESG criteria | No | No |
| Inception Date | October 12, 2018 | January 19, 2010 |
Frequently asked questions about ONEB and ZLC
Which ETF has performed better year to date: ONEB or ZLC?
As of November 10, 2026, ONEB has returned 1.11% year to date, while ZLC has returned 0.87%. ONEB is ahead on YTD performance.
Which ETF is larger by assets under management: ONEB or ZLC?
As of November 10, 2026, ONEB manages $94.69 M in assets, while ZLC manages $269.82 M. ZLC is the larger fund by AUM.
How are ONEB and ZLC managed?
ONEB is actively managed by CI. It does not track an index. ZLC is passively managed by BMO. It tracks the FTSE Canada Long Term Corporate Bond TR Index - CAD benchmark.
What sectors do ONEB and ZLC emphasize?
ONEB is most exposed to Sovereign, Finance, and Municipal. ZLC is most exposed to Energy, Industrials, and Utilities.
Which ETF is attracting more investor flows: ONEB or ZLC?
Year to date, ONEB has seen +$12.27 M in net flows, compared with -$179.39 M for ZLC. ONEB has attracted more net investor money so far.
How do the fees of ONEB and ZLC compare?
ONEB has an expense ratio of 0.63%, while ZLC has an expense ratio of 0.33%.
What are the top holdings of ONEB and ZLC?
ONEB's largest holdings include Canada, Bonds 2.5% 1dec2032, CAD and Canada, Bonds 2.75% 1mar2030, CAD. ZLC's top holdings include Enbridge, 4.57% 11mar2044, CAD, TransCanada PipeLines, 4.35% 6jun2046, CAD, and Hydro One Inc, 4.89% 13mar2037, CAD.
Which ETF is more diversified: ONEB or ZLC?
ONEB holds 28 securities, while ZLC holds 42. On holdings count, ZLC is the more diversified portfolio.
Recent articles about ONEB and ZLC
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