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Compare Vanguard FTSE Canada All Cap Index ETF (VCN) vs BMO S&P/TSX Capped Composite Index ETF (ZCN) to find the best fit for your portfolio. VCN and ZCN provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, VCN features a management fee (MER) of 0.05%, compared to 0.05% for ZCN. Performance-wise, VCN has returned 15.32% year-to-date with +$3 B in net flows, whereas ZCN is at 15.54% with +$3 B. 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
VCN
ZCN
| AuM | $17,752.76 M | $18,378.06 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.08% | -0.10% |
Historical performance and flows
As of September 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VCN | -0.81% | +5.37% | +15.32% | +26.58% | +95.00% |
ZCN | -0.76% | +5.32% | +15.54% | +27.21% | +95.01% | |
| Flows | VCN | +$290 M | +$1,052 M | +$2,979 M | +$3,791 M | +$6,170 M |
ZCN | +$377 M | +$947 M | +$2,824 M | +$3,170 M | +$4,733 M |
VCN vs ZCN exposure
Countries
VCN
Canada
96.02%
ZCN
Canada
96.71%
Sectors
VCN
Finance
42.55%
Energy
17.16%
Non-Energy Materials
15.41%
Industrials
7.66%
Other
17.23%
ZCN
Finance
41.85%
Energy
17.20%
Non-Energy Materials
15.79%
Industrials
8.16%
Other
16.99%
As of September 8, 2026
Top 10 Holdings
VCN
Royal Bank of Canada
8.25%
The Toronto-Dominion Bank
5.65%
Shopify, Inc.
4.04%
Bank of Montreal
3.57%
Enbridge, Inc.
3.35%
Canadian Imperial Bank of Commerce
3.07%
The Bank of Nova Scotia
3.05%
Canadian Natural Resources Ltd.
2.74%
Brookfield Corp.
2.51%
Suncor Energy, Inc.
2.25%
ZCN
Royal Bank of Canada
8.11%
The Toronto-Dominion Bank
5.53%
Shopify, Inc.
4.13%
Bank of Montreal
3.46%
Enbridge, Inc.
3.34%
Canadian Imperial Bank of Commerce
3.00%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.72%
Brookfield Corp.
2.48%
Suncor Energy, Inc.
2.18%
Diversification
VCN
Total weight of top 10 holdings out of 212 total
38.46%
ZCN
Total weight of top 10 holdings out of 219 total
37.94%
Characteristics
Compare
VCN
ZCN
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada All Cap Domestic Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.97% | 1.98% |
| Meets ESG criteria | No | No |
| Inception Date | August 2, 2013 | May 29, 2009 |
Frequently asked questions about VCN and ZCN
Which ETF has performed better year to date: VCN or ZCN?
As of September 8, 2026, VCN has returned 15.32% year to date, while ZCN has returned 15.54%. ZCN is ahead on YTD performance.
Which ETF is larger by assets under management: VCN or ZCN?
As of September 8, 2026, VCN manages $17.75 B in assets, while ZCN manages $18.38 B. ZCN is the larger fund by AUM.
How are VCN and ZCN managed?
VCN is passively managed by Vanguard. It tracks the FTSE Canada All Cap Domestic Total Return Index - CAD benchmark. ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do VCN and ZCN emphasize?
VCN is most exposed to Finance, Energy, and Non-Energy Materials. ZCN is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: VCN or ZCN?
Year to date, VCN has seen +$2,979.29 M in net flows, compared with +$2,824.41 M for ZCN. VCN has attracted more net investor money so far.
How do the fees of VCN and ZCN compare?
VCN has an expense ratio of 0.06%, while ZCN has an expense ratio of 0.06%.
What are the top holdings of VCN and ZCN?
VCN's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. ZCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: VCN or ZCN?
VCN holds 211 securities, while ZCN holds 219. On holdings count, ZCN is the more diversified portfolio.
Recent articles about VCN and ZCN
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