VS
iShares U.S. Aggregate Bond Index ETF (XAGG) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XAGG focuses its top 3 sector exposures on Sovereign, Finance, and Industrials, while ZSP leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, XAGG features a management fee (MER) of 0.18%, compared to 0.08% for ZSP. Performance-wise, XAGG has returned 0.12% year-to-date with +$10 M in net flows, whereas ZSP is at 13.1% with +$371 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
XAGG
ZSP
| AuM | $60.35 M | $24,149.29 M |
| Management Fees | 0.18% | 0.08% |
| Exp. ratio | 0.19% | 0.09% |
| Tracking Difference | -0.21% | -0.66% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAGG | -2.33% | -0.15% | +0.12% | +1.36% | +15.72% |
ZSP | -0.16% | +3.22% | +13.10% | +20.42% | +82.89% | |
| Flows | XAGG | +$13 M | +$14 M | +$10 M | +$7 M | +$57 M |
ZSP | +$80 M | +$15 M | +$371 M | +$858 M | +$4,935 M |
XAGG vs ZSP exposure
Countries
XAGG
USA
77.22%
Other
17.34%
ZSP
USA
97.59%
Sectors
XAGG
Sovereign
47.32%
Other
17.34%
Finance
10.08%
Industrials
7.15%
Other
18.12%
ZSP
Technology
45.24%
Finance
13.35%
Consumer Non-Cyclicals
8.96%
Healthcare
8.87%
Industrials
7.90%
Other
15.69%
As of August 21, 2026
Top 10 Holdings
XAGG
BlackRock Cash Funds - Institutional
2.97%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.42%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.41%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.41%
USA, Notes 4% 28feb2030, USD (H-2030)
0.41%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.40%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.40%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.39%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.39%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.39%
ZSP
NVIDIA Corp.
7.39%
Apple, Inc.
6.48%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.68%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.76%
Alphabet, Inc.
2.60%
Micron Technology, Inc.
2.03%
Meta Platforms, Inc.
1.94%
Tesla, Inc.
1.81%
Diversification
XAGG
Total weight of top 10 holdings out of 13,164 total
6.59%
ZSP
Total weight of top 10 holdings out of 502 total
36.20%
Characteristics
Compare
XAGG
ZSP
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Aggregate Bond Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.23% | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | August 6, 2021 | November 14, 2012 |
Frequently asked questions about XAGG and ZSP
Which ETF has performed better year to date: XAGG or ZSP?
As of August 21, 2026, XAGG has returned 0.12% year to date, while ZSP has returned 13.10%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: XAGG or ZSP?
As of August 21, 2026, XAGG manages $60.35 M in assets, while ZSP manages $24.15 B. ZSP is the larger fund by AUM.
How are XAGG and ZSP managed?
XAGG is passively managed by iShares. It tracks the Bloomberg US Aggregate Bond Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do XAGG and ZSP emphasize?
XAGG is most exposed to Sovereign, Finance, and Industrials. ZSP is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: XAGG or ZSP?
Year to date, XAGG has seen +$10.42 M in net flows, compared with +$371.01 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of XAGG and ZSP compare?
XAGG has an expense ratio of 0.19%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of XAGG and ZSP?
XAGG's largest holdings include BlackRock Cash Funds - Institutional and USA, Notes 4.625% 15feb2035, USD (B-2035). ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: XAGG or ZSP?
XAGG holds 10292 securities, while ZSP holds 495. On holdings count, XAGG is the more diversified portfolio.
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