VSB
Vanguard Canadian Short-Term Bond Index ETF

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

Full ZSP fund page

Vanguard Canadian Short-Term Bond Index ETF (VSB) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VSB focuses its top 3 sector exposures on Sovereign, Municipal, and Banks, while ZSP leans towards Information Technology, Financials, and Communication Services. When evaluating costs, VSB features a management fee (MER) of 0.1%, compared to 0.08% for ZSP. Performance-wise, VSB has returned 0.57% year-to-date with +$201 M in net flows, whereas ZSP is at 10.26% with +$344 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

0.02.04.06.0%Apr 21Apr 28May 5May 12May 20

Key Data

Historical performance and flows

As of May 21, 2026
1M3MYTD1Y3Y
Perf.
VSB
+0.07%-0.43%+0.57%+2.82%+15.66%
ZSP
+5.88%+10.47%+10.26%+28.69%+90.41%
Flows
VSB
+$65 M-$45 M+$201 M+$457 M+$253 M
ZSP
+$13 M+$177 M+$344 M+$1,502 M+$4,761 M

VSB vs ZSP exposure

Countries

VSB
Canada
97.41%
ZSP
USA
96.98%

Sectors

VSB
Other
27.23%
Sovereign
22.13%
Municipal
15.28%
Banks
9.87%
Government agencies
8.89%
Other
16.60%
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 21, 2026

Top 10 Holdings

VSB
CA135087T792
3.72%
CA135087T388
3.65%
Canada, Bonds 2.75% 1mar2030, CAD
2.91%
CA135087T610
2.77%
Canada, Bonds 3.5% 1sep2029, CAD
2.74%
CA135087T461
2.67%
Canada, Bonds 2.75% 1may2027, CAD
2.44%
Canada, Bonds 4% 1mar2029, CAD
2.38%
CA135087T958
2.38%
Canada, Bond 1.25 1jun2030 10Y
2.36%
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

VSB
Total weight of top 10 holdings out of 570 total
28.01%
ZSP
Total weight of top 10 holdings out of 502 total
36.04%

Characteristics

Compare
VSB
ZSP
ProviderVanguardBMO
ManagementPassively managedPassively managed
BenchmarkBloomberg Global Aggregate Canadian Government/Credit 1-5 Year Float Adjusted Bond Total Return Index - CADS&P 500 CAD Total Return Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassFixed IncomeEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield3.06%0.76%
Meets ESG criteriaNoNo
Inception DateNovember 30, 2011November 14, 2012

Frequently asked questions about VSB and ZSP

Which ETF has performed better year to date: VSB or ZSP?
As of May 21, 2026, VSB has returned 0.57% year to date, while ZSP has returned 10.26%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: VSB or ZSP?
As of May 21, 2026, VSB manages $1.55 B in assets, while ZSP manages $23.56 B. ZSP is the larger fund by AUM.
How are VSB and ZSP managed?
VSB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Government/Credit 1-5 Year Float Adjusted Bond Total Return Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do VSB and ZSP emphasize?
VSB is most exposed to Sovereign, Municipal, and Banks. ZSP is most exposed to Information Technology, Financials, and Communication Services.
Which ETF is attracting more investor flows: VSB or ZSP?
Year to date, VSB has seen +$201.46 M in net flows, compared with +$344.12 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of VSB and ZSP compare?
VSB has an expense ratio of 0.12%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of VSB and ZSP?
VSB's largest holdings include Canada, Bonds 2.75% 1mar2030, CAD and Canada, Bonds 3.5% 1sep2029, CAD. ZSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: VSB or ZSP?
VSB holds 453 securities, while ZSP holds 477. On holdings count, ZSP is the more diversified portfolio.

Recent articles about VSB and ZSP

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