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Compare iShares Canadian Growth Index ETF (XCG) vs BMO Low Volatility Canadian Equity ETF (ZLB) to find the best fit for your portfolio. XCG provides Non-Energy Materials, Finance, and Industrials exposures, while ZLB is primarily weighted in Finance, Consumer Non-Cyclicals, and Utilities. When evaluating costs, XCG features a management fee (MER) of 0.5%, compared to 0.35% for ZLB. Performance-wise, XCG has returned 2.51% year-to-date with -$3 M in net flows, whereas ZLB is at 4.98% with +$185 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
XCG
ZLB
| AuM | $151.32 M | $6,095.31 M |
| Management Fees | 0.50% | 0.35% |
| Exp. ratio | 0.55% | 0.39% |
| Tracking Difference | -0.62% | - |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCG | -4.04% | +0.21% | +2.51% | +7.20% | +53.56% |
ZLB | -1.60% | -1.05% | +4.98% | +12.28% | +56.32% | |
| Flows | XCG | -$4 M | +$3 M | -$3 M | +$3 M | +$35 M |
ZLB | -$30 M | +$29 M | +$185 M | +$288 M | +$1,212 M |
XCG vs ZLB exposure
Countries
XCG
Canada
95.48%
ZLB
Canada
95.90%
Sectors
XCG
Non-Energy Materials
24.99%
Finance
21.09%
Industrials
18.01%
Technology
8.89%
Energy
8.81%
Other
18.21%
ZLB
Finance
31.83%
Consumer Non-Cyclicals
18.94%
Utilities
17.56%
Telecommunications
8.67%
Other
22.99%
As of September 16, 2026
Top 10 Holdings
XCG
Shopify, Inc.
11.07%
Brookfield Corp.
7.26%
Canadian Pacific Kansas City Ltd.
6.31%
Agnico Eagle Mines Ltd.
6.20%
Canadian National Railway Co.
5.55%
Barrick Mining Corp.
5.10%
Wheaton Precious Metals Corp.
4.16%
Alimentation Couche-Tard, Inc.
3.85%
Constellation Software, Inc.
3.47%
Franco-Nevada Corp.
3.45%
ZLB
Fortis, Inc.
4.37%
Great-West Lifeco, Inc.
4.37%
Quebecor, Inc.
4.02%
Hydro One Ltd.
3.98%
Loblaw Cos. Ltd.
3.98%
Emera, Inc.
3.71%
Empire Co. Ltd.
3.61%
Intact Financial Corp.
3.33%
Metro, Inc.
3.26%
Canadian Utilities Ltd.
3.21%
Diversification
XCG
Total weight of top 10 holdings out of 40 total
56.40%
ZLB
Total weight of top 10 holdings out of 51 total
37.82%
Characteristics
Compare
XCG
ZLB
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Dow Jones Canada Select Growth Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.49% | 1.86% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | October 27, 2011 |
Frequently asked questions about XCG and ZLB
Which ETF has performed better year to date: XCG or ZLB?
As of September 16, 2026, XCG has returned 2.51% year to date, while ZLB has returned 4.98%. ZLB is ahead on YTD performance.
Which ETF is larger by assets under management: XCG or ZLB?
As of September 16, 2026, XCG manages $151.32 M in assets, while ZLB manages $6.10 B. ZLB is the larger fund by AUM.
How are XCG and ZLB managed?
XCG is passively managed by iShares. It tracks the Dow Jones Canada Select Growth Total Return Index - CAD benchmark. ZLB is actively managed by BMO. It does not track an index.
What sectors do XCG and ZLB emphasize?
XCG is most exposed to Non-Energy Materials, Finance, and Industrials. ZLB is most exposed to Finance, Consumer Non-Cyclicals, and Utilities.
Which ETF is attracting more investor flows: XCG or ZLB?
Year to date, XCG has seen -$2.90 M in net flows, compared with +$184.64 M for ZLB. ZLB has attracted more net investor money so far.
How do the fees of XCG and ZLB compare?
XCG has an expense ratio of 0.55%, while ZLB has an expense ratio of 0.39%.
What are the top holdings of XCG and ZLB?
XCG's largest holdings include Shopify, Inc., Brookfield Corp., and Canadian Pacific Kansas City Ltd.. ZLB's top holdings include Fortis, Inc., Great-West Lifeco, Inc., and Quebecor, Inc..
Which ETF is more diversified: XCG or ZLB?
XCG holds 40 securities, while ZLB holds 51. On holdings count, ZLB is the more diversified portfolio.
Recent articles about XCG and ZLB
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