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Compare iShares Balanced Income CorePortfolio Index ETF (XBAL) vs BMO Balanced ETF (ZBAL) to find the best fit for your portfolio. XBAL and ZBAL provide the same top sector exposures: Finance, Technology, and Sovereign. When evaluating costs, XBAL features a management fee (MER) of 0.18%, compared to 0.18% for ZBAL. Performance-wise, XBAL has returned 9.15% year-to-date with +$737 M in net flows, whereas ZBAL is at 8.98% with +$250 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
XBAL
ZBAL
| AuM | $3,550.06 M | $731.59 M |
| Management Fees | 0.18% | 0.18% |
| Exp. ratio | 0.18% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XBAL | +0.01% | +0.79% | +9.15% | +8.70% | +57.60% |
ZBAL | +0.08% | +0.74% | +8.98% | +8.45% | +56.48% | |
| Flows | XBAL | +$67 M | +$188 M | +$737 M | +$915 M | +$1,865 M |
ZBAL | +$56 M | +$88 M | +$250 M | +$271 M | +$471 M |
XBAL vs ZBAL exposure
Countries
XBAL
Canada
44.90%
USA
34.68%
Other
20.43%
ZBAL
Canada
42.58%
USA
38.40%
Other
19.02%
Sectors
XBAL
Finance
23.43%
Technology
15.53%
Sovereign
12.71%
Municipal
7.44%
Industrials
7.17%
Other
33.73%
ZBAL
Finance
18.99%
Technology
17.38%
Sovereign
14.70%
Municipal
8.60%
Industrials
7.29%
Other
33.04%
As of October 27, 2026
Top 10 Holdings
XBAL
US4642871507
26.90%
CA46430T1093
25.89%
CA46430J1012
15.22%
CA46434T1057
15.04%
CA46431X1096
5.68%
US46429B2676
4.00%
US4642886208
3.99%
CA46434U1021
2.97%
ZBAL
CA05575T1003
27.67%
CA05590X1024
27.27%
CA05574G1090
15.66%
CA05592U1140
11.70%
CA05579E1097
10.01%
CA05576Y1088
5.46%
CA05589X1050
1.49%
CA05589W2067
0.74%
Diversification
XBAL
Total weight of top 10 holdings out of 21,879 total
99.68%
ZBAL
Total weight of top 10 holdings out of 19,935 total
100.00%
Characteristics
Compare
XBAL
ZBAL
| Provider | iShares | 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 | 2.25% | 1.56% |
| Meets ESG criteria | No | No |
| Inception Date | June 21, 2007 | February 15, 2019 |
Frequently asked questions about XBAL and ZBAL
Which ETF has performed better year to date: XBAL or ZBAL?
As of October 27, 2026, XBAL has returned 9.15% year to date, while ZBAL has returned 8.98%. XBAL is ahead on YTD performance.
Which ETF is larger by assets under management: XBAL or ZBAL?
As of October 27, 2026, XBAL manages $3.55 B in assets, while ZBAL manages $731.59 M. XBAL is the larger fund by AUM.
How are XBAL and ZBAL managed?
XBAL is actively managed by iShares. It does not track an index. ZBAL is actively managed by BMO. It does not track an index.
Which ETF is more diversified: XBAL or ZBAL?
XBAL holds 1 securities, while ZBAL holds 1. On holdings count, XBAL is the more diversified portfolio.
Which ETF is attracting more investor flows: XBAL or ZBAL?
Year to date, XBAL has seen +$737.25 M in net flows, compared with +$250.47 M for ZBAL. XBAL has attracted more net investor money so far.
How do the fees of XBAL and ZBAL compare?
XBAL has an expense ratio of 0.18%, while ZBAL has an expense ratio of 0.20%.
What sectors do XBAL and ZBAL emphasize?
XBAL is most exposed to Finance, Technology, and Sovereign. ZBAL is most exposed to Finance, Technology, and Sovereign.
Recent articles about XBAL and ZBAL
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.