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 Information Technology, Financials, and Industrials, while ZCN leans towards Financials, Energy, and Materials. When evaluating costs, VEQT features a management fee (MER) of 0.22%, compared to 0.05% for ZCN. Performance-wise, VEQT has returned 6.59% year-to-date with +$2 B in net flows, whereas ZCN is at 7.66% with +$1 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 | $13,355.38 M | $15,852.13 M |
| Management Fees | 0.22% | 0.05% |
| Exp. ratio | 0.24% | 0.06% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VEQT | +7.66% | +2.94% | +6.59% | +33.11% | +73.52% |
ZCN | +6.37% | +3.03% | +7.66% | +40.39% | +78.49% | |
| Flows | VEQT | +$491 M | +$1,691 M | +$2,347 M | +$4,447 M | +$7,539 M |
ZCN | +$349 M | +$1,038 M | +$1,409 M | +$2,259 M | +$3,599 M |
VEQT vs ZCN exposure
Countries
VEQT
USA
41.93%
Canada
31.08%
Other
26.99%
ZCN
Canada
99.28%
Sectors
VEQT
Information Technology
19.46%
Financials
18.64%
Industrials
9.77%
Other
8.52%
Energy
8.46%
Consumer Discretionary
7.52%
Other
27.64%
ZCN
Financials
28.26%
Energy
18.52%
Materials
15.49%
Other
12.55%
Other
25.19%
As of April 24, 2026
Top 10 Holdings
VEQT
NVIDIA
2.78%
APPLE
2.57%
ROYAL BK CANADA
2.13%
MICROSOFT-T
1.90%
TORONTO DOMINION
1.47%
AMAZON.COM INC
1.39%
SHOPIFY SUBORDINATE VOTING
1.37%
ALPHABET INC-CL
1.16%
ENBRIDGE
1.11%
BROADCOM LIMITED
1.01%
ZCN
ROYAL BK CANADA
6.73%
TORONTO DOMINION
4.69%
SHOPIFY SUBORDINATE VOTING
4.18%
ENBRIDGE
3.61%
CDN NATURAL RESOURCE
3.14%
AGNICO EAGLE MINES LTD
2.94%
BANK OF MONTREAL
2.83%
CA11271J1075
2.60%
CDN IMPERIAL BK
2.60%
BNS
2.53%
Diversification
VEQT
Total weight of top 10 holdings out of 12,196 total
16.89%
ZCN
Total weight of top 10 holdings out of 221 total
35.84%
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 | 1.33% | 2.09% |
| 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 April 24, 2026, VEQT has returned 6.59% year to date, while ZCN has returned 7.66%. ZCN is ahead on YTD performance.
Which ETF is larger by assets under management: VEQT or ZCN?
As of April 24, 2026, VEQT manages $13.36 B in assets, while ZCN manages $15.85 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 Information Technology, Financials, and Industrials. ZCN is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: VEQT or ZCN?
Year to date, VEQT has seen +$2,346.83 M in net flows, compared with +$1,408.68 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 and APPLE. ZCN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: VEQT or ZCN?
VEQT holds 10736 securities, while ZCN holds 193. On holdings count, VEQT is the more diversified portfolio.
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