VSC
Vanguard Canadian Short-Term Corporate Bond Index ETF

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

Full ZSP fund page

Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC) and BMO S&P 500 Index ETF (ZSP) 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 ZSP leans towards Information Technology, Financials, and Communication Services. When evaluating costs, VSC features a management fee (MER) of 0.1%, compared to 0.08% for ZSP. Performance-wise, VSC has returned 0.67% year-to-date with +$194 M in net flows, whereas ZSP is at 9.57% with +$372 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 20Apr 27May 4May 11May 19

Key Data

Historical performance and flows

As of May 20, 2026
1M3MYTD1Y3Y
Perf.
VSC
-0.11%-0.34%+0.67%+3.62%+20.19%
ZSP
+6.32%+9.78%+9.57%+27.83%+89.21%
Flows
VSC
+$17 M+$118 M+$194 M+$440 M+$407 M
ZSP
+$83 M+$205 M+$372 M+$1,530 M+$4,790 M

VSC vs ZSP exposure

Countries

VSC
Canada
93.32%
ZSP
USA
96.98%

Sectors

VSC
Banks
31.28%
Other
24.78%
Other
43.93%
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 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%
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

VSC
Total weight of top 10 holdings out of 443 total
8.75%
ZSP
Total weight of top 10 holdings out of 502 total
36.04%

Characteristics

Compare
VSC
ZSP
ProviderVanguardBMO
ManagementPassively managedPassively managed
BenchmarkBloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CADS&P 500 CAD Total Return Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassFixed IncomeEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield3.93%0.77%
Meets ESG criteriaNoNo
Inception DateNovember 2, 2012November 14, 2012

Frequently asked questions about VSC and ZSP

Which ETF has performed better year to date: VSC or ZSP?
As of May 20, 2026, VSC has returned 0.67% year to date, while ZSP has returned 9.57%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: VSC or ZSP?
As of May 20, 2026, VSC manages $1.49 B in assets, while ZSP manages $23.44 B. ZSP is the larger fund by AUM.
How are VSC and ZSP managed?
VSC is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit 1-5Y 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 VSC and ZSP emphasize?
VSC is most exposed to Banks, Communication services, and Insurance and reinsurance. ZSP is most exposed to Information Technology, Financials, and Communication Services.
Which ETF is attracting more investor flows: VSC or ZSP?
Year to date, VSC has seen +$193.99 M in net flows, compared with +$372.40 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of VSC and ZSP compare?
VSC has an expense ratio of 0.11%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of VSC and ZSP?
VSC's largest holdings include Bank of Montreal, 4.709% 7dec2027, CAD and Bank of Montreal, 3.19% 1mar2028, CAD. ZSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: VSC or ZSP?
VSC holds 341 securities, while ZSP holds 477. On holdings count, ZSP is the more diversified portfolio.

Recent articles about VSC and ZSP

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