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Compare Vanguard Global Aggregate Bond Index ETF (VGAB) vs BMO Global Multi-Sector Bond Fund ETF (ZMSB) to find the best fit for your portfolio. VGAB provides Sovereign, Finance, and Industrials exposures, while ZMSB is primarily weighted in Finance, Sovereign, and Utilities. When evaluating costs, VGAB features a management fee (MER) of 0.34%, compared to 0.6% for ZMSB. Performance-wise, VGAB has returned 2.21% year-to-date with +$207 M in net flows, whereas ZMSB is at 2.45% 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
VGAB
ZMSB
| AuM | $712.87 M | $16.08 M |
| Management Fees | 0.34% | 0.60% |
| Exp. ratio | 0.31% | 0.64% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VGAB | +0.64% | -0.88% | -2.21% | -3.17% | +9.71% |
ZMSB | -0.58% | -1.72% | -2.45% | -1.96% | +14.83% | |
| Flows | VGAB | +$43 M | +$90 M | +$207 M | +$505 M | +$619 M |
ZMSB | -$3 M | -$1 M | -$2 M | +$3 M | +$2 M |
VGAB vs ZMSB exposure
Countries
VGAB
USA
40.01%
Other
11.19%
Other
48.80%
ZMSB
USA
39.72%
United Kingdom
19.34%
Germany
9.82%
Other
31.12%
Sectors
VGAB
Sovereign
55.52%
Finance
14.87%
Other
11.19%
Other
18.43%
ZMSB
Finance
37.16%
Sovereign
8.21%
Utilities
7.01%
Other
47.62%
As of October 23, 2026
Top 10 Holdings
VGAB
DE000F3A9EV9
0.36%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.24%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.21%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.21%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
0.21%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.21%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.21%
USA, Notes 4% 15feb2034, USD (B-2034)
0.20%
United Kingdom, Gilt 4.125% 7mar2031, GBP
0.20%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.20%
ZMSB
USA, Notes 4.25% 15aug2035, USD (E-2035)
2.12%
Treasury Corporation of Victoria, 2% 17sep2035, AUD (58)
1.54%
Asian Development Bank (ADB), 0% 6oct2040, ZAR (5479D)
1.37%
United Kingdom, Gilt 4.75% 22oct2043, GBP
1.36%
New South Wales Treasury Corp., 2.5% 22nov2032, AUD (11-2032)
1.30%
EBRD, 0% 30jan2046, ZAR (7305D)
1.25%
Cote d`Ivoire, 8.075% 1apr2036, USD
1.12%
Abbott Laboratories, 4.65% 15mar2036, USD
0.93%
Asian Development Bank (ADB), 0% 30apr2040, ZAR (1137-00-2, 7305D)
0.90%
HSBC Holdings plc, 5.286% 19nov2030, USD
0.84%
Diversification
VGAB
Total weight of top 10 holdings out of 21,709 total
2.23%
ZMSB
Total weight of top 10 holdings out of 325 total
12.73%
Characteristics
Compare
VGAB
ZMSB
| Provider | Vanguard | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Bloomberg Global Aggregate Float Adjusted Composite GTR Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.79% | 3.57% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2020 | May 29, 2018 |
Frequently asked questions about VGAB and ZMSB
Which ETF has performed better year to date: VGAB or ZMSB?
As of October 23, 2026, VGAB has returned -2.21% year to date, while ZMSB has returned -2.45%. VGAB is ahead on YTD performance.
Which ETF is larger by assets under management: VGAB or ZMSB?
As of October 23, 2026, VGAB manages $712.87 M in assets, while ZMSB manages $16.08 M. VGAB is the larger fund by AUM.
How are VGAB and ZMSB managed?
VGAB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Float Adjusted Composite GTR Index - CAD benchmark. ZMSB is actively managed by BMO. It does not track an index.
What sectors do VGAB and ZMSB emphasize?
VGAB is most exposed to Sovereign, Finance, and Industrials. ZMSB is most exposed to Finance, Sovereign, and Utilities.
Which ETF is attracting more investor flows: VGAB or ZMSB?
Year to date, VGAB has seen +$206.88 M in net flows, compared with -$2.43 M for ZMSB. VGAB has attracted more net investor money so far.
How do the fees of VGAB and ZMSB compare?
VGAB has an expense ratio of 0.31%, while ZMSB has an expense ratio of 0.64%.
What are the top holdings of VGAB and ZMSB?
VGAB's largest holdings include USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.25% 15nov2034, USD (F-2034). ZMSB's top holdings include USA, Notes 4.25% 15aug2035, USD (E-2035), Treasury Corporation of Victoria, 2% 17sep2035, AUD (58), and Asian Development Bank (ADB), 0% 6oct2040, ZAR (5479D).
Which ETF is more diversified: VGAB or ZMSB?
VGAB holds 16211 securities, while ZMSB holds 320. On holdings count, VGAB is the more diversified portfolio.
Recent articles about VGAB and ZMSB
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