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Compare iShares S&P U.S. Mid-Cap Index ETF (XMC.U) vs BMO MSCI USA Equal Weight Index ETF (ZEQL.F) to find the best fit for your portfolio. XMC.U provides Finance, Industrials, and Technology exposures, while ZEQL.F is primarily weighted in Finance, Technology, and Industrials. When evaluating costs, XMC.U features a management fee (MER) of 0.15%, compared to 0.05% for ZEQL.F. 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
XMC.U
ZEQL.F
| AuM | $39.42 M | $14.14 M |
| Management Fees | 0.15% | 0.05% |
| Exp. ratio | 0.16% | 0.05% |
| Tracking Difference | - | 0.10% |
Historical performance and flows
As of October 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMC.U | -2.04% | -3.32% | +11.85% | +13.02% | +53.71% |
ZEQL.F | -3.20% | -2.56% | - | - | - | |
| Flows | XMC.U | -$1 M | +$1 M | +$3 M | +$4 M | +$28 M |
ZEQL.F | -$20 M | -$19 M | - | - | - |
XMC.U vs ZEQL.F exposure
Countries
XMC.U
USA
96.39%
ZEQL.F
USA
94.54%
Sectors
XMC.U
Finance
22.77%
Industrials
16.32%
Technology
14.41%
Non-Energy Materials
10.55%
Healthcare
10.25%
Other
25.70%
ZEQL.F
Finance
21.54%
Technology
17.39%
Industrials
13.25%
Healthcare
11.71%
Consumer Non-Cyclicals
7.19%
Other
28.91%
As of October 2, 2026
Top 10 Holdings
XMC.U
Twilio, Inc.
1.00%
Illumina, Inc.
0.91%
TechnipFMC plc
0.87%
Everpure, Inc.
0.82%
Okta, Inc.
0.81%
ATI, Inc.
0.78%
nVent Electric Plc
0.68%
Carpenter Technology Corp.
0.66%
US Foods Holding Corp.
0.65%
Tenet Healthcare Corp.
0.64%
ZEQL.F
Atlassian Corp.
0.39%
Equity Residential
0.35%
Snowflake, Inc.
0.34%
Okta, Inc.
0.34%
Dell Technologies, Inc.
0.34%
SharkNinja, Inc.
0.33%
Veeva Systems, Inc.
0.30%
Natera, Inc.
0.29%
Hewlett Packard Enterprise Co.
0.28%
Palo Alto Networks, Inc.
0.28%
Diversification
XMC.U
Total weight of top 10 holdings out of 401 total
7.83%
ZEQL.F
Total weight of top 10 holdings out of 525 total
3.25%
Characteristics
Compare
XMC.U
ZEQL.F
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P MidCap 400 Index - CAD | MSCI USA Equal Weighted 100% Hedged to CAD Index - CAD Hedged |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.95% | - |
| Meets ESG criteria | No | No |
| Inception Date | October 22, 2019 | February 3, 2026 |
Frequently asked questions about XMC.U and ZEQL.F
Which ETF is larger by assets under management: XMC.U or ZEQL.F?
As of October 2, 2026, XMC.U manages $39.42 M in assets, while ZEQL.F manages $14.14 M. XMC.U is the larger fund by AUM.
How are XMC.U and ZEQL.F managed?
XMC.U is passively managed by iShares. It tracks the S&P MidCap 400 Index - CAD benchmark. ZEQL.F is passively managed by BMO. It tracks the MSCI USA Equal Weighted 100% Hedged to CAD Index - CAD Hedged benchmark.
What sectors do XMC.U and ZEQL.F emphasize?
XMC.U is most exposed to Finance, Industrials, and Technology. ZEQL.F is most exposed to Finance, Technology, and Industrials.
How do the fees of XMC.U and ZEQL.F compare?
XMC.U has an expense ratio of 0.16%, while ZEQL.F has an expense ratio of 0.05%.
What are the top holdings of XMC.U and ZEQL.F?
XMC.U's largest holdings include Twilio, Inc., Illumina, Inc., and TechnipFMC plc. ZEQL.F's top holdings include Atlassian Corp., Equity Residential, and Snowflake, Inc..
Which ETF is more diversified: XMC.U or ZEQL.F?
XMC.U holds 401 securities, while ZEQL.F holds 522. On holdings count, ZEQL.F is the more diversified portfolio.
Recent articles about XMC.U and ZEQL.F
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