VS
Vanguard All-Equity ETF Portfolio (VEQT) and BMO S&P/TSX Capped Composite Index ETF (ZCN) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VEQT focuses its top 3 sector exposures on Finance, Technology, and Industrials, while ZCN leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, VEQT features a management fee (MER) of 0.22%, compared to 0.05% for ZCN. Performance-wise, VEQT has returned 15.19% year-to-date with +$5 B in net flows, whereas ZCN is at 14.85% 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
VEQT
ZCN
| AuM | $17,271.18 M | $18,321.75 M |
| Management Fees | 0.22% | 0.05% |
| Exp. ratio | 0.24% | 0.06% |
| Tracking Difference | - | -0.10% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VEQT | -1.30% | +1.51% | +15.19% | +21.03% | +81.78% |
ZCN | -1.96% | +2.69% | +14.85% | +25.09% | +89.66% | |
| Flows | VEQT | +$617 M | +$1,703 M | +$5,127 M | +$6,209 M | +$10,065 M |
ZCN | +$287 M | +$892 M | +$2,877 M | +$3,178 M | +$4,791 M |
VEQT vs ZCN exposure
Countries
VEQT
USA
44.59%
Canada
29.15%
Other
26.26%
ZCN
Canada
96.71%
Sectors
VEQT
Finance
25.70%
Technology
24.84%
Industrials
9.49%
Non-Energy Materials
7.71%
Energy
7.70%
Other
24.56%
ZCN
Finance
41.85%
Energy
17.20%
Non-Energy Materials
15.79%
Industrials
8.16%
Other
16.99%
As of September 17, 2026
Top 10 Holdings
VEQT
NVIDIA Corp.
2.88%
Apple, Inc.
2.83%
Royal Bank of Canada
2.50%
Microsoft Corp.
2.15%
The Toronto-Dominion Bank
1.71%
Amazon.com, Inc.
1.64%
Alphabet, Inc.
1.30%
Shopify, Inc.
1.23%
Broadcom Inc.
1.15%
Bank of Montreal
1.08%
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
VEQT
Total weight of top 10 holdings out of 12,159 total
18.46%
ZCN
Total weight of top 10 holdings out of 219 total
37.94%
Characteristics
Compare
VEQT
ZCN
| Provider | Vanguard | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.23% | 1.99% |
| Meets ESG criteria | No | No |
| Inception Date | February 5, 2019 | May 29, 2009 |
Frequently asked questions about VEQT and ZCN
Which ETF has performed better year to date: VEQT or ZCN?
As of September 17, 2026, VEQT has returned 15.19% year to date, while ZCN has returned 14.85%. VEQT is ahead on YTD performance.
Which ETF is larger by assets under management: VEQT or ZCN?
As of September 17, 2026, VEQT manages $17.27 B in assets, while ZCN manages $18.32 B. ZCN is the larger fund by AUM.
How are VEQT and ZCN managed?
VEQT is actively managed by Vanguard. It does not track an index. ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do VEQT and ZCN emphasize?
VEQT is most exposed to Finance, Technology, and Industrials. ZCN is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: VEQT or ZCN?
Year to date, VEQT has seen +$5,126.54 M in net flows, compared with +$2,877.20 M for ZCN. VEQT has attracted more net investor money so far.
How do the fees of VEQT and ZCN compare?
VEQT has an expense ratio of 0.24%, while ZCN has an expense ratio of 0.06%.
What are the top holdings of VEQT and ZCN?
VEQT's largest holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada. ZCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: VEQT or ZCN?
VEQT holds 11647 securities, while ZCN holds 219. On holdings count, VEQT is the more diversified portfolio.
Recent articles about VEQT and ZCN
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