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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 16.76% year-to-date with +$9 B in net flows, whereas ZCN is at 16.77% with +$3 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 | $34,600.11 M | $18,574.14 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.09% | -0.10% |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XIC | +2.14% | +4.22% | +16.76% | +29.09% | +93.94% |
ZCN | +2.14% | +4.22% | +16.77% | +29.09% | +93.91% | |
| Flows | XIC | +$1,611 M | +$3,093 M | +$8,627 M | +$9,722 M | +$14,703 M |
ZCN | +$396 M | +$961 M | +$2,824 M | +$3,190 M | +$4,738 M |
XIC vs ZCN exposure
Countries
XIC
Canada
96.46%
ZCN
Canada
96.71%
Sectors
XIC
Finance
41.74%
Energy
17.17%
Non-Energy Materials
15.75%
Industrials
8.14%
Other
17.19%
ZCN
Finance
41.85%
Energy
17.20%
Non-Energy Materials
15.79%
Industrials
8.16%
Other
16.99%
As of September 4, 2026
Top 10 Holdings
XIC
Royal Bank of Canada
8.10%
The Toronto-Dominion Bank
5.52%
Shopify, Inc.
4.12%
Bank of Montreal
3.45%
Enbridge, Inc.
3.34%
Canadian Imperial Bank of Commerce
3.00%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.72%
Brookfield Corp.
2.48%
Suncor Energy, Inc.
2.17%
ZCN
Royal Bank of Canada
8.11%
The Toronto-Dominion Bank
5.53%
Shopify, Inc.
4.13%
Bank of Montreal
3.46%
Enbridge, Inc.
3.34%
Canadian Imperial Bank of Commerce
3.00%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.72%
Brookfield Corp.
2.48%
Suncor Energy, Inc.
2.18%
Diversification
XIC
Total weight of top 10 holdings out of 219 total
37.87%
ZCN
Total weight of top 10 holdings out of 219 total
37.94%
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 | 1.93% | 1.96% |
| 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 September 4, 2026, XIC has returned 16.76% year to date, while ZCN has returned 16.77%. ZCN is ahead on YTD performance.
Which ETF is larger by assets under management: XIC or ZCN?
As of September 4, 2026, XIC manages $34.60 B in assets, while ZCN manages $18.57 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 +$8,626.58 M in net flows, compared with +$2,824.41 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 219. On holdings count, XIC is the more diversified portfolio.
Recent articles about XIC and ZCN
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