VGRO
Vanguard Growth ETF Portfolio

Full VGRO fund page
VS
ZSP
BMO S&P 500 Index ETF

Full ZSP fund page

Vanguard Growth ETF Portfolio (VGRO) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGRO focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while ZSP leans towards Information Technology, Financials, and Communication Services. When evaluating costs, VGRO features a management fee (MER) of 0.22%, compared to 0.08% for ZSP. Performance-wise, VGRO has returned 7.26% year-to-date with +$765 M in net flows, whereas ZSP is at 7.18% with +$471 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

0246810%Apr 6Apr 13Apr 20Apr 27May 4

Key Data

Historical performance and flows

As of May 6, 2026
1M3MYTD1Y3Y
Perf.
VGRO
+5.58%+4.53%+7.26%+27.18%+65.13%
ZSP
+9.19%+6.33%+7.18%+31.34%+87.39%
Flows
VGRO
+$159 M+$494 M+$765 M+$1,490 M+$3,089 M
ZSP
+$332 M+$71 M+$471 M+$1,506 M+$4,689 M

VGRO vs ZSP exposure

Countries

VGRO
USA
37.67%
Canada
36.64%
Other
25.69%
ZSP
USA
96.98%

Sectors

VGRO
Information Technology
15.70%
Financials
15.07%
Other
10.99%
Industrials
7.93%
Other
50.30%
ZSP
Information Technology
33.63%
Financials
10.49%
Communication Services
10.10%
Consumer Discretionary
9.94%
Health Care
9.40%
Industrials
8.34%
Other
18.10%
As of May 6, 2026

Top 10 Holdings

VGRO
NVIDIA
2.25%
APPLE
2.08%
ROYAL BK CANADA
1.71%
MICROSOFT-T
1.53%
TORONTO DOMINION
1.19%
AMAZON.COM INC
1.12%
SHOPIFY SUBORDINATE VOTING
1.10%
ALPHABET INC-CL
0.93%
ENBRIDGE
0.89%
BROADCOM LIMITED
0.82%
ZSP
NVIDIA
7.39%
APPLE
6.67%
MICROSOFT-T
4.90%
AMAZON.COM INC
3.61%
ALPHABET INC-CL
2.93%
BROADCOM LIMITED
2.56%
ALPHABET INC-CL
2.35%
META PLATFORMS
2.16%
TESLA
1.84%
BERKSHIRE HATHWAY
1.60%

Diversification

VGRO
Total weight of top 10 holdings out of 33,350 total
13.63%
ZSP
Total weight of top 10 holdings out of 502 total
36.04%

Characteristics

Compare
VGRO
ZSP
ProviderVanguardBMO
ManagementActively managedPassively managed
Benchmark-S&P 500 CAD Total Return Index - CAD
Replication MethodDirect (Physical)
Asset ClassEquity, Fixed IncomeEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield1.76%0.78%
Meets ESG criteriaNoNo
Inception DateFebruary 1, 2018November 14, 2012

Frequently asked questions about VGRO and ZSP

Which ETF has performed better year to date: VGRO or ZSP?
As of May 6, 2026, VGRO has returned 7.26% year to date, while ZSP has returned 7.18%. VGRO is ahead on YTD performance.
Which ETF is larger by assets under management: VGRO or ZSP?
As of May 6, 2026, VGRO manages $9.79 B in assets, while ZSP manages $23.02 B. ZSP is the larger fund by AUM.
How are VGRO and ZSP managed?
VGRO is actively managed by Vanguard. It does not track an index. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do VGRO and ZSP emphasize?
VGRO is most exposed to Information Technology, Financials, and Industrials. ZSP is most exposed to Information Technology, Financials, and Communication Services.
Which ETF is attracting more investor flows: VGRO or ZSP?
Year to date, VGRO has seen +$765.08 M in net flows, compared with +$471.12 M for ZSP. VGRO has attracted more net investor money so far.
How do the fees of VGRO and ZSP compare?
VGRO has an expense ratio of 0.24%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of VGRO and ZSP?
VGRO's largest holdings include NVIDIA and APPLE. ZSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: VGRO or ZSP?
VGRO holds 24906 securities, while ZSP holds 477. On holdings count, VGRO is the more diversified portfolio.

Recent articles about VGRO and ZSP

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