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iShares Edge MSCI Min Vol USA Index ETF (XMS) and BMO US Dividend ETF (ZDY) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XMS focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while ZDY leans towards Technology, Finance, and Healthcare. When evaluating costs, XMS features a management fee (MER) of 0.3%, compared to 0.3% for ZDY. Performance-wise, XMS has returned 6.31% year-to-date with +$4 M in net flows, whereas ZDY is at 17.94% with +$79 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
XMS
ZDY
| AuM | $64.75 M | $892.39 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.33% |
| Tracking Difference | 0.32% | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMS | +1.25% | +4.00% | +6.31% | +7.13% | +32.72% |
ZDY | -1.68% | -0.26% | +17.94% | +24.43% | +66.48% | |
| Flows | XMS | +$2 M | +$12 M | +$4 M | +$12 M | +$4 M |
ZDY | +$0 M | +$20 M | +$79 M | +$74 M | +$171 M |
XMS vs ZDY exposure
Countries
XMS
USA
91.06%
Other
8.94%
ZDY
USA
95.47%
Sectors
XMS
Technology
29.21%
Finance
14.32%
Healthcare
13.32%
Consumer Non-Cyclicals
10.90%
Other
32.25%
ZDY
Technology
31.75%
Finance
16.41%
Healthcare
11.06%
Consumer Non-Cyclicals
10.29%
Other
30.50%
As of September 1, 2026
Top 10 Holdings
XMS
Microsoft Corp.
1.56%
Welltower, Inc.
1.56%
Amphenol Corp.
1.55%
Chubb Ltd.
1.52%
Johnson & Johnson
1.52%
Vertex Pharmaceuticals, Inc.
1.46%
Berkshire Hathaway, Inc.
1.45%
Duke Energy Corp.
1.44%
The Southern Co.
1.42%
Cisco Systems, Inc.
1.42%
ZDY
Apple, Inc.
3.89%
Cisco Systems, Inc.
3.76%
Dell Technologies, Inc.
3.68%
AbbVie, Inc.
3.64%
Broadcom Inc.
3.03%
Philip Morris International, Inc.
2.98%
NVIDIA Corp.
2.66%
Chevron Corp.
2.54%
JPMorgan Chase & Co.
2.35%
QUALCOMM, Inc.
2.28%
Diversification
XMS
Total weight of top 10 holdings out of 165 total
14.89%
ZDY
Total weight of top 10 holdings out of 98 total
30.83%
Characteristics
Compare
XMS
ZDY
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI USA Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.15% | 1.50% |
| Meets ESG criteria | No | No |
| Inception Date | April 5, 2016 | March 27, 2013 |
Frequently asked questions about XMS and ZDY
Which ETF has performed better year to date: XMS or ZDY?
As of September 1, 2026, XMS has returned 6.31% year to date, while ZDY has returned 17.94%. ZDY is ahead on YTD performance.
Which ETF is larger by assets under management: XMS or ZDY?
As of September 1, 2026, XMS manages $64.75 M in assets, while ZDY manages $892.39 M. ZDY is the larger fund by AUM.
How are XMS and ZDY managed?
XMS is passively managed by iShares. It tracks the MSCI USA Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD benchmark. ZDY is actively managed by BMO. It does not track an index.
What sectors do XMS and ZDY emphasize?
XMS is most exposed to Technology, Finance, and Healthcare. ZDY is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: XMS or ZDY?
Year to date, XMS has seen +$4.10 M in net flows, compared with +$79.12 M for ZDY. ZDY has attracted more net investor money so far.
How do the fees of XMS and ZDY compare?
XMS has an expense ratio of 0.33%, while ZDY has an expense ratio of 0.33%.
What are the top holdings of XMS and ZDY?
XMS's largest holdings include Microsoft Corp., Welltower, Inc., and Amphenol Corp.. ZDY's top holdings include Apple, Inc., Cisco Systems, Inc., and Dell Technologies, Inc..
Which ETF is more diversified: XMS or ZDY?
XMS holds 165 securities, while ZDY holds 96. On holdings count, XMS is the more diversified portfolio.
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