VS
TD Q U.S. Small-Mid-Cap Equity ETF (TQSM) and BMO S&P US Mid Cap Index ETF (ZMID) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TQSM focuses its top 3 sector exposures on Finance, Technology, and Industrials, while ZMID leans towards Finance, Industrials, and Technology. When evaluating costs, TQSM features a management fee (MER) of 0.4%, compared to 0.15% for ZMID. Performance-wise, TQSM has returned 18.39% year-to-date with +$340 M in net flows, whereas ZMID is at 14.78% with -$100 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
TQSM
ZMID
| AuM | $1,069.64 M | $220.64 M |
| Management Fees | 0.40% | 0.15% |
| Exp. ratio | 0.45% | 0.16% |
| Tracking Difference | - | 0.23% |
Historical performance and flows
As of September 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TQSM | -0.64% | +0.17% | +18.39% | +15.16% | +59.97% |
ZMID | -1.75% | -3.15% | +14.78% | +15.19% | +58.95% | |
| Flows | TQSM | +$52 M | +$127 M | +$340 M | +$391 M | +$784 M |
ZMID | -$85 M | -$103 M | -$100 M | -$103 M | -$120 M |
TQSM vs ZMID exposure
Countries
TQSM
USA
95.53%
ZMID
USA
96.49%
Sectors
TQSM
Finance
23.98%
Technology
14.78%
Industrials
12.97%
Healthcare
9.04%
Non-Energy Materials
8.88%
Energy
7.61%
Other
22.74%
ZMID
Finance
23.17%
Industrials
16.94%
Technology
13.46%
Non-Energy Materials
10.25%
Healthcare
10.24%
Other
25.94%
As of September 22, 2026
Top 10 Holdings
TQSM
HF Sinclair Corp.
1.74%
Reinsurance Group of America, Inc.
1.50%
Ovintiv, Inc.
1.44%
StoneX Group, Inc.
1.40%
US Foods Holding Corp.
1.34%
First BanCorp (Puerto Rico)
1.32%
Equitable Holdings, Inc.
1.31%
Mueller Industries, Inc.
1.29%
Exelixis, Inc.
1.25%
Medpace Holdings, Inc.
1.15%
ZMID
Illumina, Inc.
0.87%
Twilio, Inc.
0.81%
TechnipFMC plc
0.77%
Curtiss-Wright Corp.
0.75%
ATI, Inc.
0.70%
Carpenter Technology Corp.
0.70%
Everpure, Inc.
0.67%
Okta, Inc.
0.66%
nVent Electric Plc
0.66%
XPO, Inc.
0.66%
Diversification
TQSM
Total weight of top 10 holdings out of 294 total
13.73%
ZMID
Total weight of top 10 holdings out of 400 total
7.25%
Characteristics
Compare
TQSM
ZMID
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P MidCap 400 Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.42% | 0.92% |
| Meets ESG criteria | No | No |
| Inception Date | November 26, 2019 | February 11, 2020 |
Frequently asked questions about TQSM and ZMID
Which ETF has performed better year to date: TQSM or ZMID?
As of September 22, 2026, TQSM has returned 18.39% year to date, while ZMID has returned 14.78%. TQSM is ahead on YTD performance.
Which ETF is larger by assets under management: TQSM or ZMID?
As of September 22, 2026, TQSM manages $1.07 B in assets, while ZMID manages $220.64 M. TQSM is the larger fund by AUM.
How are TQSM and ZMID managed?
TQSM is actively managed by TD Asset Management. It does not track an index. ZMID is passively managed by BMO. It tracks the S&P MidCap 400 Net Total Return Index - CAD benchmark.
What sectors do TQSM and ZMID emphasize?
TQSM is most exposed to Finance, Technology, and Industrials. ZMID is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: TQSM or ZMID?
Year to date, TQSM has seen +$340.13 M in net flows, compared with -$100.45 M for ZMID. TQSM has attracted more net investor money so far.
How do the fees of TQSM and ZMID compare?
TQSM has an expense ratio of 0.45%, while ZMID has an expense ratio of 0.16%.
What are the top holdings of TQSM and ZMID?
TQSM's largest holdings include HF Sinclair Corp., Reinsurance Group of America, Inc., and Ovintiv, Inc.. ZMID's top holdings include Illumina, Inc., Twilio, Inc., and TechnipFMC plc.
Which ETF is more diversified: TQSM or ZMID?
TQSM holds 294 securities, while ZMID holds 400. On holdings count, ZMID is the more diversified portfolio.
Recent articles about TQSM and ZMID
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