VS
Vanguard S&P 500 Index ETF (VFV) and BMO US Equity Buffer Hedged to CAD ETF - April (ZAPR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VFV focuses its top 3 sector exposures on Information Technology, Communication Services, and Consumer Discretionary, while ZAPR leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, VFV features a management fee (MER) of 0.08%, compared to 0.73% for ZAPR. Performance-wise, VFV has returned 10.44% year-to-date with +$2 B in net flows, whereas ZAPR is at 5.77% with +$2 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
VFV
ZAPR
| AuM | $32,733.39 M | $114.50 M |
| Management Fees | 0.08% | 0.73% |
| Exp. ratio | 0.09% | 0.73% |
| Tracking Difference | 0.16% | - |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VFV | +2.22% | +12.19% | +10.44% | +26.90% | +87.08% |
ZAPR | +0.19% | +5.06% | +5.77% | +10.32% | - | |
| Flows | VFV | +$667 M | +$1,375 M | +$2,180 M | +$3,978 M | +$14,190 M |
ZAPR | +$0 M | +$0 M | +$2 M | +$3 M | - |
VFV vs ZAPR exposure
Countries
VFV
USA
96.62%
ZAPR
USA
101.89%
Sectors
VFV
Information Technology
35.60%
Communication Services
10.96%
Consumer Discretionary
10.09%
Financials
9.73%
Health Care
8.36%
Industrials
8.06%
Other
17.20%
ZAPR
Information Technology
38.22%
Communication Services
11.21%
Consumer Discretionary
10.56%
Financials
10.43%
Health Care
8.67%
Industrials
8.41%
Other
12.49%
As of June 8, 2026
Top 10 Holdings
VFV
NVIDIA
7.83%
APPLE
6.44%
MICROSOFT-T
4.89%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.62%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
ZAPR
NVIDIA
8.74%
APPLE
6.82%
MICROSOFT-T
5.42%
AMAZON.COM INC
4.42%
ALPHABET INC-CL
3.50%
BROADCOM LIMITED
3.31%
ALPHABET INC-CL
2.80%
META PLATFORMS
2.52%
TESLA
1.80%
BERKSHIRE HATHWAY
1.51%
Diversification
VFV
Total weight of top 10 holdings out of 503 total
38.34%
ZAPR
Total weight of top 10 holdings out of 503 total
40.85%
Characteristics
Compare
VFV
ZAPR
| Provider | Vanguard | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.85% | 0.46% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | March 25, 2024 |
Frequently asked questions about VFV and ZAPR
Which ETF has performed better year to date: VFV or ZAPR?
As of June 8, 2026, VFV has returned 10.44% year to date, while ZAPR has returned 5.77%. VFV is ahead on YTD performance.
Which ETF is larger by assets under management: VFV or ZAPR?
As of June 8, 2026, VFV manages $32.73 B in assets, while ZAPR manages $114.50 M. VFV is the larger fund by AUM.
How are VFV and ZAPR managed?
VFV is passively managed by Vanguard. It tracks the S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD benchmark. ZAPR is actively managed by BMO. It does not track an index.
What sectors do VFV and ZAPR emphasize?
VFV is most exposed to Information Technology, Communication Services, and Consumer Discretionary. ZAPR is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: VFV or ZAPR?
Year to date, VFV has seen +$2,179.78 M in net flows, compared with +$1.70 M for ZAPR. VFV has attracted more net investor money so far.
How do the fees of VFV and ZAPR compare?
VFV has an expense ratio of 0.09%, while ZAPR has an expense ratio of 0.73%.
What are the top holdings of VFV and ZAPR?
VFV's largest holdings include NVIDIA, ALPHABET INC-CL, and APPLE. ZAPR's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: VFV or ZAPR?
VFV holds 478 securities, while ZAPR holds 477. On holdings count, VFV is the more diversified portfolio.
Recent articles about VFV and ZAPR
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