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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, Industrials, and Technology 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 3.88% year-to-date with -$17 M in net flows, whereas ZLB is at 12.38% with +$81 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 | $139.48 M | $6,378.79 M |
| Management Fees | 0.50% | 0.35% |
| Exp. ratio | 0.55% | 0.39% |
| Tracking Difference | -0.54% | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCG | -1.05% | -3.03% | +3.88% | +6.42% | +58.03% |
ZLB | +8.46% | +4.99% | +12.38% | +16.22% | +70.43% | |
| Flows | XCG | -$10 M | -$10 M | -$17 M | -$17 M | +$21 M |
ZLB | -$71 M | -$124 M | +$81 M | +$240 M | +$1,110 M |
XCG vs ZLB exposure
Countries
XCG
Canada
95.68%
ZLB
Canada
96.25%
Sectors
XCG
Non-Energy Materials
38.77%
Industrials
16.08%
Technology
12.28%
Finance
12.04%
Other
20.83%
ZLB
Finance
31.84%
Consumer Non-Cyclicals
19.03%
Utilities
16.61%
Telecommunications
8.25%
Other
24.27%
As of November 11, 2026
Top 10 Holdings
XCG
Shopify, Inc.
10.95%
Agnico Eagle Mines Ltd.
9.77%
Canadian Pacific Kansas City Ltd.
8.10%
Barrick Mining Corp.
7.24%
Wheaton Precious Metals Corp.
6.56%
Franco-Nevada Corp.
4.97%
Celestica, Inc.
4.94%
Constellation Software, Inc.
4.67%
Waste Connections, Inc.
4.19%
Cameco Corp.
4.09%
ZLB
Great-West Lifeco, Inc.
4.54%
Fortis, Inc.
4.29%
Loblaw Cos. Ltd.
3.97%
Quebecor, Inc.
3.85%
Hydro One Ltd.
3.67%
Empire Co. Ltd.
3.58%
Emera, Inc.
3.49%
Metro, Inc.
3.31%
CCL Industries, Inc.
3.25%
TMX Group Ltd.
3.17%
Diversification
XCG
Total weight of top 10 holdings out of 33 total
65.48%
ZLB
Total weight of top 10 holdings out of 53 total
37.11%
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 | 0.52% | 1.74% |
| 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 November 11, 2026, XCG has returned 3.88% year to date, while ZLB has returned 12.38%. ZLB is ahead on YTD performance.
Which ETF is larger by assets under management: XCG or ZLB?
As of November 11, 2026, XCG manages $139.48 M in assets, while ZLB manages $6.38 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, Industrials, and Technology. 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 -$16.68 M in net flows, compared with +$80.76 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., Agnico Eagle Mines Ltd., and Canadian Pacific Kansas City Ltd.. ZLB's top holdings include Great-West Lifeco, Inc., Fortis, Inc., and Loblaw Cos. Ltd..
Which ETF is more diversified: XCG or ZLB?
XCG holds 32 securities, while ZLB holds 53. On holdings count, ZLB is the more diversified portfolio.
Recent articles about XCG and ZLB
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