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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: Financials, Energy, and Materials. When evaluating costs, VCN features a management fee (MER) of 0.05%, compared to 0.05% for ZCN. Performance-wise, VCN has returned 8.42% year-to-date with +$2 B in net flows, whereas ZCN is at 8.7% with +$2 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 | $15,851.44 M | $16,513.67 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.10% | -0.12% |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VCN | +0.19% | +3.35% | +8.42% | +31.36% | +86.51% |
ZCN | +0.23% | +3.23% | +8.70% | +32.26% | +86.37% | |
| Flows | VCN | +$394 M | +$996 M | +$2,011 M | +$3,272 M | +$5,358 M |
ZCN | +$320 M | +$992 M | +$1,919 M | +$2,751 M | +$4,135 M |
VCN vs ZCN exposure
Countries
VCN
Canada
99.35%
ZCN
Canada
99.33%
Sectors
VCN
Financials
30.50%
Energy
17.81%
Materials
14.38%
Other
14.05%
Other
23.27%
ZCN
Financials
30.03%
Energy
17.70%
Materials
14.68%
Other
12.90%
Other
24.68%
As of June 10, 2026
Top 10 Holdings
VCN
ROYAL BK CANADA
7.13%
TORONTO DOMINION
5.13%
SHOPIFY SUBORDINATE VOTING
4.21%
ENBRIDGE
3.42%
BANK OF MONTREAL
3.06%
CDN IMPERIAL BK
2.97%
CDN NATURAL RESOURCE
2.76%
BNS
2.75%
CA11271J1075
2.71%
AGNICO EAGLE MINES LTD
2.66%
ZCN
ROYAL BK CANADA
7.05%
TORONTO DOMINION
5.04%
SHOPIFY SUBORDINATE VOTING
4.28%
ENBRIDGE
3.35%
BANK OF MONTREAL
3.01%
CDN IMPERIAL BK
2.88%
CDN NATURAL RESOURCE
2.82%
CA11271J1075
2.73%
BNS
2.68%
AGNICO EAGLE MINES LTD
2.65%
Diversification
VCN
Total weight of top 10 holdings out of 213 total
36.79%
ZCN
Total weight of top 10 holdings out of 220 total
36.50%
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 | 2.04% | 2.07% |
| 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 June 10, 2026, VCN has returned 8.42% year to date, while ZCN has returned 8.70%. ZCN is ahead on YTD performance.
Which ETF is larger by assets under management: VCN or ZCN?
As of June 10, 2026, VCN manages $15.85 B in assets, while ZCN manages $16.51 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 Financials, Energy, and Materials. ZCN is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: VCN or ZCN?
Year to date, VCN has seen +$2,011.28 M in net flows, compared with +$1,919.10 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 BK CANADA and TORONTO DOMINION. ZCN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: VCN or ZCN?
VCN holds 181 securities, while ZCN holds 192. On holdings count, ZCN is the more diversified portfolio.
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