VS
Purpose Tactical Asset Allocation Fund (RTA) and BMO Balanced ETF (ZBAL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RTA focuses its top 3 sector exposures on Finance, Sovereign, and Energy, while ZBAL leans towards Finance, Technology, and Sovereign. When evaluating costs, RTA features a management fee (MER) of 0.75%, compared to 0.18% for ZBAL. Performance-wise, RTA has returned 9.28% year-to-date with +$30 M in net flows, whereas ZBAL is at 8.22% with +$189 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
RTA
ZBAL
| AuM | $325.86 M | $668.63 M |
| Management Fees | 0.75% | 0.18% |
| Exp. ratio | 0.91% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RTA | -1.63% | +0.90% | +9.28% | +12.64% | +40.47% |
ZBAL | -1.19% | +0.68% | +8.22% | +11.26% | +48.69% | |
| Flows | RTA | +$4 M | +$19 M | +$30 M | +$37 M | +$35 M |
ZBAL | +$19 M | +$66 M | +$189 M | +$229 M | +$409 M |
RTA vs ZBAL exposure
Countries
RTA
Canada
58.14%
USA
36.02%
ZBAL
Canada
42.93%
USA
38.12%
Other
18.94%
Sectors
RTA
Finance
29.96%
Sovereign
25.96%
Energy
9.25%
Other
34.83%
ZBAL
Finance
19.26%
Technology
16.74%
Sovereign
14.93%
Municipal
8.83%
Industrials
7.32%
Other
32.93%
As of September 11, 2026
Top 10 Holdings
RTA
Royal Bank of Canada
4.44%
The Toronto-Dominion Bank
3.04%
Shopify, Inc.
2.17%
Bank of Montreal
1.91%
Enbridge, Inc.
1.81%
Canadian Imperial Bank of Commerce
1.65%
The Bank of Nova Scotia
1.64%
Canadian Natural Resources Ltd.
1.49%
Brookfield Corp.
1.38%
Suncor Energy, Inc.
1.20%
ZBAL
Canada, Bond 0.5 1oct2030 10Y
5.15%
Apple, Inc.
2.09%
NVIDIA Corp.
2.02%
CMHC, 1.9% 15mar2031, CAD (100)
1.92%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
1.53%
Canada, Bonds 2.25% 1dec2029, CAD
1.45%
Microsoft Corp.
1.43%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
1.43%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
1.42%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
1.39%
Diversification
RTA
Total weight of top 10 holdings out of 4,572 total
20.73%
ZBAL
Total weight of top 10 holdings out of 19,892 total
19.82%
Characteristics
Compare
RTA
ZBAL
| Provider | Purpose Investments | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.62% | 1.65% |
| Meets ESG criteria | No | No |
| Inception Date | May 11, 2017 | February 15, 2019 |
Frequently asked questions about RTA and ZBAL
Which ETF has performed better year to date: RTA or ZBAL?
As of September 11, 2026, RTA has returned 9.28% year to date, while ZBAL has returned 8.22%. RTA is ahead on YTD performance.
Which ETF is larger by assets under management: RTA or ZBAL?
As of September 11, 2026, RTA manages $325.86 M in assets, while ZBAL manages $668.63 M. ZBAL is the larger fund by AUM.
How are RTA and ZBAL managed?
RTA is actively managed by Purpose Investments. It does not track an index. ZBAL is actively managed by BMO. It does not track an index.
What sectors do RTA and ZBAL emphasize?
RTA is most exposed to Finance, Sovereign, and Energy. ZBAL is most exposed to Finance, Technology, and Sovereign.
Which ETF is attracting more investor flows: RTA or ZBAL?
Year to date, RTA has seen +$29.95 M in net flows, compared with +$189.49 M for ZBAL. ZBAL has attracted more net investor money so far.
How do the fees of RTA and ZBAL compare?
RTA has an expense ratio of 0.91%, while ZBAL has an expense ratio of 0.20%.
What are the top holdings of RTA and ZBAL?
RTA's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. ZBAL's top holdings include Canada, Bond 0.5 1oct2030 10Y and Apple, Inc..
Which ETF is more diversified: RTA or ZBAL?
RTA holds 4562 securities, while ZBAL holds 11658. On holdings count, ZBAL is the more diversified portfolio.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.