VS
TD Q U.S. Small-Mid-Cap Equity ETF (TQSM) and BMO S&P US Mid Cap Index ETF (ZMID.F) 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.F leans towards Finance, Industrials, and Technology. When evaluating costs, TQSM features a management fee (MER) of 0.4%, compared to 0.15% for ZMID.F. Performance-wise, TQSM has returned 15.27% year-to-date with +$402 M in net flows, whereas ZMID.F is at 7.72% with +$0 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.F
| AuM | $1,100.54 M | $11.46 M |
| Management Fees | 0.40% | 0.15% |
| Exp. ratio | 0.45% | 0.17% |
| Tracking Difference | - | 0.82% |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TQSM | -5.76% | -5.13% | +15.27% | +14.59% | +50.81% |
ZMID.F | -2.74% | -6.41% | +7.72% | +10.86% | +44.01% | |
| Flows | TQSM | +$52 M | +$144 M | +$402 M | +$438 M | +$836 M |
ZMID.F | +$0 M | +$0 M | +$0 M | +$0 M | +$8 M |
TQSM vs ZMID.F exposure
Countries
TQSM
USA
95.15%
ZMID.F
USA
96.20%
Sectors
TQSM
Finance
22.06%
Technology
18.43%
Industrials
13.76%
Non-Energy Materials
8.88%
Healthcare
8.81%
Other
28.06%
ZMID.F
Finance
22.66%
Industrials
16.55%
Technology
15.74%
Non-Energy Materials
10.15%
Healthcare
10.00%
Other
24.89%
As of November 6, 2026
Top 10 Holdings
TQSM
Dynatrace, Inc.
1.36%
HF Sinclair Corp.
1.29%
Medpace Holdings, Inc.
1.27%
Equitable Holdings, Inc.
1.26%
Exelixis, Inc.
1.26%
Reinsurance Group of America, Inc.
1.24%
ATI, Inc.
1.21%
Everpure, Inc.
1.19%
StoneX Group, Inc.
1.17%
US Foods Holding Corp.
1.13%
ZMID.F
Twilio, Inc.
1.32%
Okta, Inc.
1.01%
TechnipFMC plc
0.80%
nVent Electric Plc
0.78%
ATI, Inc.
0.76%
Entegris, Inc.
0.70%
Tenet Healthcare Corp.
0.62%
XPO, Inc.
0.62%
United Therapeutics Corp.
0.62%
TD SYNNEX Corp.
0.61%
Diversification
TQSM
Total weight of top 10 holdings out of 293 total
12.37%
ZMID.F
Total weight of top 10 holdings out of 400 total
7.84%
Characteristics
Compare
TQSM
ZMID.F
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P MidCap 400 Index - CAD Hedged |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.42% | 0.99% |
| Meets ESG criteria | No | No |
| Inception Date | November 26, 2019 | February 5, 2020 |
Frequently asked questions about TQSM and ZMID.F
Which ETF has performed better year to date: TQSM or ZMID.F?
As of November 6, 2026, TQSM has returned 15.27% year to date, while ZMID.F has returned 7.72%. TQSM is ahead on YTD performance.
Which ETF is larger by assets under management: TQSM or ZMID.F?
As of November 6, 2026, TQSM manages $1.10 B in assets, while ZMID.F manages $11.46 M. TQSM is the larger fund by AUM.
How are TQSM and ZMID.F managed?
TQSM is actively managed by TD Asset Management. It does not track an index. ZMID.F is passively managed by BMO. It tracks the S&P MidCap 400 Index - CAD Hedged benchmark.
What sectors do TQSM and ZMID.F emphasize?
TQSM is most exposed to Finance, Technology, and Industrials. ZMID.F is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: TQSM or ZMID.F?
Year to date, TQSM has seen +$402.30 M in net flows, compared with +$0.02 M for ZMID.F. TQSM has attracted more net investor money so far.
How do the fees of TQSM and ZMID.F compare?
TQSM has an expense ratio of 0.45%, while ZMID.F has an expense ratio of 0.17%.
What are the top holdings of TQSM and ZMID.F?
TQSM's largest holdings include Dynatrace, Inc., HF Sinclair Corp., and Medpace Holdings, Inc.. ZMID.F's top holdings include Twilio, Inc., Okta, Inc., and TechnipFMC plc.
Which ETF is more diversified: TQSM or ZMID.F?
TQSM holds 293 securities, while ZMID.F holds 400. On holdings count, ZMID.F is the more diversified portfolio.
Recent articles about TQSM and ZMID.F
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