VS
iShares S&P/TSX Global Gold Index ETF (XGD) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGD focuses its top 3 sector exposures on Materials, while ZSP leans towards Information Technology, Financials, and Communication Services. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.08% for ZSP. Performance-wise, XGD has returned 14.7% year-to-date with -$470 M in net flows, whereas ZSP is at 8.91% with +$439 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
XGD
ZSP
| AuM | $3,881.32 M | $23,361.94 M |
| Management Fees | 0.55% | 0.08% |
| Exp. ratio | 0.60% | 0.09% |
| Tracking Difference | 1.24% | -0.36% |
Historical performance and flows
As of May 13, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGD | -3.52% | -5.40% | +14.70% | +108.99% | +198.23% |
ZSP | +7.51% | +9.83% | +8.91% | +25.62% | +89.08% | |
| Flows | XGD | -$135 M | -$721 M | -$470 M | -$516 M | -$189 M |
ZSP | +$198 M | +$236 M | +$439 M | +$1,634 M | +$4,639 M |
XGD vs ZSP exposure
Countries
XGD
Canada
64.47%
USA
28.03%
Other
7.50%
ZSP
USA
96.98%
Sectors
XGD
Materials
73.01%
Other
26.99%
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 13, 2026
Top 10 Holdings
XGD
NEWMONT CORP
15.63%
AGNICO EAGLE MINES LTD
13.41%
CA06849F1080
9.03%
WHEATON PRECIOUS METALS CORP
7.86%
FRANCO NEVADA
6.29%
GB00BRXH2664
5.46%
US38059T1060
5.37%
KINROSS GOLD
4.84%
PAN AMERICAN
3.04%
ROYAL GOLD
2.73%
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
XGD
Total weight of top 10 holdings out of 63 total
73.66%
ZSP
Total weight of top 10 holdings out of 502 total
36.04%
Characteristics
Compare
XGD
ZSP
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.54% | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | November 14, 2012 |
Frequently asked questions about XGD and ZSP
Which ETF has performed better year to date: XGD or ZSP?
As of May 13, 2026, XGD has returned 14.70% year to date, while ZSP has returned 8.91%. XGD is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or ZSP?
As of May 13, 2026, XGD manages $3.88 B in assets, while ZSP manages $23.36 B. ZSP is the larger fund by AUM.
How are XGD and ZSP managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do XGD and ZSP emphasize?
XGD is most exposed to Materials. ZSP is most exposed to Information Technology, Financials, and Communication Services.
Which ETF is attracting more investor flows: XGD or ZSP?
Year to date, XGD has seen -$470.16 M in net flows, compared with +$439.49 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of XGD and ZSP compare?
XGD has an expense ratio of 0.60%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of XGD and ZSP?
XGD's largest holdings include NEWMONT CORP and AGNICO EAGLE MINES LTD. ZSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: XGD or ZSP?
XGD holds 47 securities, while ZSP holds 477. On holdings count, ZSP is the more diversified portfolio.
Recent articles about XGD and ZSP
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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.