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Compare iShares Core S&P/TSX Capped Composite Index ETF (XIC) vs BMO S&P/TSX Capped Composite Index ETF (ZCN) to find the best fit for your portfolio. XIC and ZCN provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, XIC features a management fee (MER) of 0.05%, compared to 0.05% for ZCN. Performance-wise, XIC has returned 12.27% year-to-date with +$7 B in net flows, whereas ZCN is at 12.28% with +$2 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
XIC
ZCN
| AuM | $31,404.63 M | $17,403.21 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.10% | -0.11% |
Historical performance and flows
As of July 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XIC | +0.92% | +4.28% | +12.27% | +31.30% | +85.65% |
ZCN | +0.92% | +4.27% | +12.28% | +31.29% | +85.61% | |
| Flows | XIC | +$819 M | +$1,852 M | +$6,687 M | +$7,935 M | +$12,795 M |
ZCN | +$386 M | +$984 M | +$2,352 M | +$2,907 M | +$4,381 M |
XIC vs ZCN exposure
Countries
XIC
Canada
96.25%
ZCN
Canada
96.56%
Sectors
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
ZCN
Finance
41.98%
Energy
16.54%
Non-Energy Materials
15.88%
Industrials
8.27%
Other
17.33%
As of July 23, 2026
Top 10 Holdings
XIC
Royal Bank of Canada
8.22%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.97%
Bank of Montreal
3.52%
Enbridge, Inc.
3.36%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
3.01%
Brookfield Corp.
2.59%
Canadian Natural Resources Ltd.
2.35%
Agnico Eagle Mines Ltd.
2.25%
ZCN
Royal Bank of Canada
8.17%
The Toronto-Dominion Bank
5.75%
Shopify, Inc.
3.98%
Bank of Montreal
3.52%
Enbridge, Inc.
3.45%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
2.99%
Brookfield Corp.
2.57%
Canadian Natural Resources Ltd.
2.34%
Agnico Eagle Mines Ltd.
2.23%
Diversification
XIC
Total weight of top 10 holdings out of 221 total
38.08%
ZCN
Total weight of top 10 holdings out of 220 total
38.04%
Characteristics
Compare
XIC
ZCN
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Composite Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.00% | 2.04% |
| Meets ESG criteria | No | No |
| Inception Date | February 16, 2001 | May 29, 2009 |
Frequently asked questions about XIC and ZCN
Which ETF has performed better year to date: XIC or ZCN?
As of July 23, 2026, XIC has returned 12.27% year to date, while ZCN has returned 12.28%. ZCN is ahead on YTD performance.
Which ETF is larger by assets under management: XIC or ZCN?
As of July 23, 2026, XIC manages $31.40 B in assets, while ZCN manages $17.40 B. XIC is the larger fund by AUM.
How are XIC and ZCN managed?
XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark. ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do XIC and ZCN emphasize?
XIC is most exposed to Finance, Energy, and Non-Energy Materials. ZCN is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: XIC or ZCN?
Year to date, XIC has seen +$6,687.39 M in net flows, compared with +$2,351.82 M for ZCN. XIC has attracted more net investor money so far.
How do the fees of XIC and ZCN compare?
XIC has an expense ratio of 0.06%, while ZCN has an expense ratio of 0.06%.
What are the top holdings of XIC and ZCN?
XIC's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. ZCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: XIC or ZCN?
XIC holds 219 securities, while ZCN holds 218. On holdings count, XIC is the more diversified portfolio.
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