VS
Compare CI RAFI Canadian Index ETF (PXC) vs BMO MSCI Canada Value Index ETF (ZVC) to find the best fit for your portfolio. PXC and ZVC provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, PXC features a management fee (MER) of 0.45%, compared to 0.35% for ZVC. Performance-wise, PXC has returned 24.38% year-to-date with +$34 M in net flows, whereas ZVC is at 20.81% with +$7 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
PXC
ZVC
| AuM | $263.89 M | $56.98 M |
| Management Fees | 0.45% | 0.35% |
| Exp. ratio | 0.50% | 0.40% |
| Tracking Difference | 0.10% | -0.56% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PXC | +3.12% | +1.60% | +24.38% | +32.64% | +114.85% |
ZVC | +0.13% | +0.12% | +20.81% | +29.62% | +90.88% | |
| Flows | PXC | -$3 M | -$0 M | +$34 M | +$39 M | -$45 M |
ZVC | +$0 M | +$5 M | +$7 M | +$9 M | +$15 M |
PXC vs ZVC exposure
Countries
PXC
Canada
98.93%
ZVC
Canada
99.69%
Sectors
PXC
Finance
37.44%
Energy
25.42%
Non-Energy Materials
12.27%
Other
24.88%
ZVC
Finance
41.70%
Energy
17.69%
Non-Energy Materials
15.04%
Industrials
8.48%
Technology
7.75%
Other
9.34%
As of November 2, 2026
Top 10 Holdings
PXC
Royal Bank of Canada
6.27%
The Toronto-Dominion Bank
6.08%
Suncor Energy, Inc.
5.20%
Canadian Natural Resources Ltd.
4.90%
The Bank of Nova Scotia
4.75%
Enbridge, Inc.
4.36%
Bank of Montreal
3.48%
Nutrien Ltd.
3.35%
Cenovus Energy, Inc.
3.21%
Canadian Imperial Bank of Commerce
2.80%
ZVC
The Toronto-Dominion Bank
8.08%
The Bank of Nova Scotia
7.74%
Manulife Financial Corp.
6.17%
Bank of Montreal
6.11%
Suncor Energy, Inc.
6.05%
Barrick Mining Corp.
5.39%
CGI, Inc.
4.73%
Canadian Natural Resources Ltd.
4.56%
Canadian Pacific Kansas City Ltd.
4.31%
Canadian Imperial Bank of Commerce
3.77%
Diversification
PXC
Total weight of top 10 holdings out of 98 total
44.40%
ZVC
Total weight of top 10 holdings out of 48 total
56.91%
Characteristics
Compare
PXC
ZVC
| Provider | CI | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | RAFI Fundamental Select Canada 100 Index - CAD | MSCI Canada Enhanced Value Capped Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.14% | 1.91% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2012 | October 4, 2017 |
Frequently asked questions about PXC and ZVC
Which ETF has performed better year to date: PXC or ZVC?
As of November 2, 2026, PXC has returned 24.38% year to date, while ZVC has returned 20.81%. PXC is ahead on YTD performance.
Which ETF is larger by assets under management: PXC or ZVC?
As of November 2, 2026, PXC manages $263.89 M in assets, while ZVC manages $56.98 M. PXC is the larger fund by AUM.
How are PXC and ZVC managed?
PXC is passively managed by CI. It tracks the RAFI Fundamental Select Canada 100 Index - CAD benchmark. ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark.
What sectors do PXC and ZVC emphasize?
PXC is most exposed to Finance, Energy, and Non-Energy Materials. ZVC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: PXC or ZVC?
Year to date, PXC has seen +$33.93 M in net flows, compared with +$6.53 M for ZVC. PXC has attracted more net investor money so far.
How do the fees of PXC and ZVC compare?
PXC has an expense ratio of 0.50%, while ZVC has an expense ratio of 0.40%.
What are the top holdings of PXC and ZVC?
PXC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Suncor Energy, Inc.. ZVC's top holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Manulife Financial Corp..
Which ETF is more diversified: PXC or ZVC?
PXC holds 98 securities, while ZVC holds 48. On holdings count, PXC is the more diversified portfolio.
Recent articles about PXC and ZVC
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