VS
Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VSC focuses its top 3 sector exposures on Banks, Communication services, and Insurance and reinsurance, while ZEB leans towards Financials. When evaluating costs, VSC features a management fee (MER) of 0.1%, compared to 0.25% for ZEB. Performance-wise, VSC has returned 0.67% year-to-date with +$194 M in net flows, whereas ZEB is at 19.77% with -$1,194 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
VSC
ZEB
| AuM | $1,486.38 M | $5,284.38 M |
| Management Fees | 0.10% | 0.25% |
| Exp. ratio | 0.11% | 0.28% |
| Tracking Difference | -0.19% | -0.67% |
Historical performance and flows
As of May 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VSC | -0.11% | -0.34% | +0.67% | +3.62% | +20.19% |
ZEB | +6.35% | +14.30% | +19.77% | +65.37% | +132.12% | |
| Flows | VSC | +$17 M | +$118 M | +$194 M | +$440 M | +$407 M |
ZEB | -$157 M | -$549 M | -$1,194 M | -$1,034 M | -$1,722 M |
VSC vs ZEB exposure
Countries
VSC
Canada
93.32%
ZEB
Canada
100.00%
Sectors
VSC
Banks
31.28%
Other
24.78%
Other
43.93%
ZEB
Financials
100.00%
As of May 20, 2026
Top 10 Holdings
VSC
CA06418Y4L93
0.97%
CA779926WF74
0.97%
CA89116C7J09
0.95%
CA13607QQT27
0.92%
Bank of Montreal, 4.709% 7dec2027, CAD
0.89%
CA89116C3S44
0.86%
Bank of Montreal, 3.19% 1mar2028, CAD
0.82%
CA06418YXB96
0.82%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.79%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.76%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
VSC
Total weight of top 10 holdings out of 443 total
8.75%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
VSC
ZEB
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.93% | 2.52% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | October 20, 2009 |
Frequently asked questions about VSC and ZEB
Which ETF has performed better year to date: VSC or ZEB?
As of May 20, 2026, VSC has returned 0.67% year to date, while ZEB has returned 19.77%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: VSC or ZEB?
As of May 20, 2026, VSC manages $1.49 B in assets, while ZEB manages $5.28 B. ZEB is the larger fund by AUM.
How are VSC and ZEB managed?
VSC is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do VSC and ZEB emphasize?
VSC is most exposed to Banks, Communication services, and Insurance and reinsurance. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: VSC or ZEB?
Year to date, VSC has seen +$193.99 M in net flows, compared with -$1,194.09 M for ZEB. VSC has attracted more net investor money so far.
How do the fees of VSC and ZEB compare?
VSC has an expense ratio of 0.11%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of VSC and ZEB?
VSC's largest holdings include Bank of Montreal, 4.709% 7dec2027, CAD and Bank of Montreal, 3.19% 1mar2028, CAD. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: VSC or ZEB?
VSC holds 341 securities, while ZEB holds 6. On holdings count, VSC is the more diversified portfolio.
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