VS
Compare Vanguard Retirement Income ETF Portfolio (VRIF) vs BMO Monthly Income ETF (ZMI) to find the best fit for your portfolio. VRIF provides Sovereign, Banks, and Municipal exposures, while ZMI is primarily weighted in Financials, Banks, and Energy. When evaluating costs, VRIF features a management fee (MER) of 0.29%, compared to 0.18% for ZMI. Performance-wise, VRIF has returned 2.56% year-to-date with +$40 M in net flows, whereas ZMI is at 5.1% with +$23 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
VRIF
ZMI
| AuM | $346.77 M | $227.57 M |
| Management Fees | 0.29% | 0.18% |
| Exp. ratio | 0.32% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VRIF | +1.78% | +0.98% | +2.56% | +11.72% | +31.20% |
ZMI | +2.08% | +2.32% | +5.10% | +17.72% | +38.92% | |
| Flows | VRIF | +$8 M | +$28 M | +$40 M | +$57 M | -$6 M |
ZMI | +$4 M | +$15 M | +$23 M | +$54 M | +$90 M |
VRIF vs ZMI exposure
Countries
VRIF
Canada
66.57%
USA
13.14%
Other
20.29%
ZMI
USA
44.45%
Canada
43.15%
Other
12.39%
Sectors
VRIF
Other
18.99%
Sovereign
11.02%
Banks
8.98%
Municipal
7.41%
Other
53.60%
ZMI
Financials
12.72%
Other
10.52%
Banks
8.96%
Energy
8.28%
Information Technology
8.15%
Other
51.37%
As of May 1, 2026
Top 10 Holdings
VRIF
ROYAL BK CANADA
0.63%
NVIDIA
0.47%
APPLE
0.44%
TORONTO DOMINION
0.43%
TWN SEMICONT MAN
0.43%
SHOPIFY SUBORDINATE VOTING
0.40%
CA135087T537
0.39%
CA135087T792
0.39%
CA135087T388
0.36%
Canada, Bonds 3.25% 1jun2035, CAD
0.35%
ZMI
CA05600A3082
4.66%
Royal Bank of Canada, 5.228% 24jun2030, CAD
1.38%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
1.31%
ROYAL BK CANADA
1.28%
EXXON
1.22%
ABBVIE
1.21%
CHEVRON TEXACO
1.20%
APPLE
1.12%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
1.09%
MERCK & CO INC
1.07%
Diversification
VRIF
Total weight of top 10 holdings out of 33,229 total
4.30%
ZMI
Total weight of top 10 holdings out of 1,180 total
15.53%
Characteristics
Compare
VRIF
ZMI
| Provider | Vanguard | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.79% | 4.15% |
| Meets ESG criteria | No | No |
| Inception Date | September 9, 2020 | February 3, 2011 |
Frequently asked questions about VRIF and ZMI
Which ETF has performed better year to date: VRIF or ZMI?
As of May 1, 2026, VRIF has returned 2.56% year to date, while ZMI has returned 5.10%. ZMI is ahead on YTD performance.
Which ETF is larger by assets under management: VRIF or ZMI?
As of May 1, 2026, VRIF manages $346.77 M in assets, while ZMI manages $227.57 M. VRIF is the larger fund by AUM.
How are VRIF and ZMI managed?
VRIF is actively managed by Vanguard. It does not track an index. ZMI is actively managed by BMO. It does not track an index.
What sectors do VRIF and ZMI emphasize?
VRIF is most exposed to Sovereign, Banks, and Municipal. ZMI is most exposed to Financials, Banks, and Energy.
Which ETF is attracting more investor flows: VRIF or ZMI?
Year to date, VRIF has seen +$40.01 M in net flows, compared with +$22.80 M for ZMI. VRIF has attracted more net investor money so far.
How do the fees of VRIF and ZMI compare?
VRIF has an expense ratio of 0.32%, while ZMI has an expense ratio of 0.20%.
What are the top holdings of VRIF and ZMI?
VRIF's largest holdings include ROYAL BK CANADA and NVIDIA. ZMI's top holdings include Royal Bank of Canada, 5.228% 24jun2030, CAD and Bank of Nova Scotia, 4.442% 15nov2035, CAD.
Which ETF is more diversified: VRIF or ZMI?
VRIF holds 24827 securities, while ZMI holds 976. On holdings count, VRIF is the more diversified portfolio.
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