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iShares MSCI USA Quality Factor Index ETF (XQLT) and BMO Market+ US Equity ETF (ZMPU.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XQLT focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while ZMPU.U leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.2% for ZMPU.U. 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
XQLT
ZMPU.U
| AuM | $256.11 M | $1.64 M |
| Management Fees | 0.30% | 0.20% |
| Exp. ratio | 0.32% | 0.20% |
| Tracking Difference | -0.50% | - |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | -1.45% | +8.90% | +12.97% | +20.68% | +70.23% |
ZMPU.U | -0.55% | +3.95% | - | - | - | |
| Flows | XQLT | +$0 M | +$4 M | +$24 M | +$22 M | +$111 M |
ZMPU.U | +$0 M | +$0 M | - | - | - |
XQLT vs ZMPU.U exposure
Countries
XQLT
USA
95.82%
ZMPU.U
USA
97.54%
Sectors
XQLT
Technology
49.73%
Finance
11.83%
Consumer Non-Cyclicals
9.86%
Healthcare
9.12%
Other
19.46%
ZMPU.U
Technology
45.21%
Finance
14.87%
Consumer Non-Cyclicals
10.07%
Healthcare
8.53%
Industrials
8.14%
Other
13.18%
As of July 30, 2026
Top 10 Holdings
XQLT
Apple, Inc.
6.20%
NVIDIA Corp.
5.81%
Microsoft Corp.
5.72%
Lam Research Corp.
5.14%
Applied Materials, Inc.
4.40%
KLA Corp.
4.07%
The TJX Cos., Inc.
3.81%
Eli Lilly & Co.
3.81%
Meta Platforms, Inc.
3.72%
Visa, Inc.
2.95%
ZMPU.U
NVIDIA Corp.
7.56%
Apple, Inc.
7.31%
Amazon.com, Inc.
4.42%
Microsoft Corp.
4.38%
Broadcom Inc.
3.56%
Alphabet, Inc.
3.20%
Alphabet, Inc.
3.06%
Micron Technology, Inc.
2.88%
Meta Platforms, Inc.
2.31%
JPMorgan Chase & Co.
2.07%
Diversification
XQLT
Total weight of top 10 holdings out of 126 total
45.63%
ZMPU.U
Total weight of top 10 holdings out of 102 total
40.74%
Characteristics
Compare
XQLT
ZMPU.U
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI USA Sector Neutral Quality NTR Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.61% | - |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2019 | March 4, 2026 |
Frequently asked questions about XQLT and ZMPU.U
Which ETF is larger by assets under management: XQLT or ZMPU.U?
As of July 30, 2026, XQLT manages $256.11 M in assets, while ZMPU.U manages $1.64 M. XQLT is the larger fund by AUM.
How are XQLT and ZMPU.U managed?
XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark. ZMPU.U is actively managed by BMO. It does not track an index.
What sectors do XQLT and ZMPU.U emphasize?
XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZMPU.U is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
How do the fees of XQLT and ZMPU.U compare?
XQLT has an expense ratio of 0.32%, while ZMPU.U has an expense ratio of 0.20%.
What are the top holdings of XQLT and ZMPU.U?
XQLT's largest holdings include Apple, Inc., NVIDIA Corp., and Microsoft Corp.. ZMPU.U's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: XQLT or ZMPU.U?
XQLT holds 125 securities, while ZMPU.U holds 101. On holdings count, XQLT is the more diversified portfolio.
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