VS
iShares U.S. High Yield Bond Index ETF (XHY) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XHY focuses its top 3 sector exposures on Finance, Consumer Services, and Industrials, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.08% for ZSP. Performance-wise, XHY has returned 1.66% year-to-date with +$335 M in net flows, whereas ZSP is at 15.07% with +$1 B. 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
XHY
ZSP
| AuM | $1,224.50 M | $25,243.59 M |
| Management Fees | 0.50% | 0.08% |
| Exp. ratio | 0.56% | 0.09% |
| Tracking Difference | -0.27% | -0.05% |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | -1.90% | -2.30% | -1.66% | -0.63% | +21.78% |
ZSP | -1.63% | +1.87% | +15.07% | +15.62% | +91.65% | |
| Flows | XHY | +$101 M | +$148 M | +$335 M | +$377 M | +$888 M |
ZSP | +$453 M | +$802 M | +$1,098 M | +$1,858 M | +$5,724 M |
XHY vs ZSP exposure
Countries
XHY
USA
85.65%
Other
14.35%
ZSP
USA
97.65%
Sectors
XHY
Finance
17.32%
Consumer Services
13.32%
Industrials
9.39%
Energy
8.65%
Non-Energy Materials
7.98%
Business Services
7.24%
Other
36.10%
ZSP
Technology
45.20%
Finance
13.72%
Healthcare
9.09%
Consumer Non-Cyclicals
8.98%
Industrials
7.57%
Other
15.44%
As of October 22, 2026
Top 10 Holdings
XHY
1261229 B.C., 10% 15apr2032, USD
0.51%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
EchoStar, 10.75% 30nov2029, USD
0.43%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.36%
Cloud Software Group, 9% 30sep2029, USD
0.36%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
Nexstar Media, 6.5% 15sep2033, USD
0.33%
Centene, 4.625% 15dec2029, USD
0.32%
Asurion LLC, 8% 31dec2032, USD
0.30%
ZSP
NVIDIA Corp.
7.95%
Apple, Inc.
7.09%
Microsoft Corp.
5.75%
Amazon.com, Inc.
3.93%
Alphabet, Inc.
3.06%
Broadcom Inc.
2.64%
Alphabet, Inc.
2.44%
Meta Platforms, Inc.
1.92%
Micron Technology, Inc.
1.59%
Tesla, Inc.
1.48%
Diversification
XHY
Total weight of top 10 holdings out of 1,310 total
3.77%
ZSP
Total weight of top 10 holdings out of 502 total
37.84%
Characteristics
Compare
XHY
ZSP
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.39% | 0.78% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | November 14, 2012 |
Frequently asked questions about XHY and ZSP
Which ETF has performed better year to date: XHY or ZSP?
As of October 22, 2026, XHY has returned -1.66% year to date, while ZSP has returned 15.07%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or ZSP?
As of October 22, 2026, XHY manages $1.22 B in assets, while ZSP manages $25.24 B. ZSP is the larger fund by AUM.
How are XHY and ZSP managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do XHY and ZSP emphasize?
XHY is most exposed to Finance, Consumer Services, and Industrials. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: XHY or ZSP?
Year to date, XHY has seen +$335.01 M in net flows, compared with +$1,098.05 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of XHY and ZSP compare?
XHY has an expense ratio of 0.56%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of XHY and ZSP?
XHY's largest holdings include 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD. ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: XHY or ZSP?
XHY holds 1292 securities, while ZSP holds 499. On holdings count, XHY is the more diversified portfolio.
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