VS
Compare iShares MSCI USA Quality Factor Index ETF (XQLT) vs BMO MSCI USA High Quality Index ETF (ZUQ) to find the best fit for your portfolio. XQLT provides Technology, Finance, and Consumer Non-Cyclicals exposures, while ZUQ is primarily weighted in Technology, Healthcare, and Consumer Non-Cyclicals. When evaluating costs, XQLT features a management fee (MER) of 0.3%, compared to 0.3% for ZUQ. Performance-wise, XQLT has returned 13.28% year-to-date with +$24 M in net flows, whereas ZUQ is at 11.94% with -$74 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
XQLT
ZUQ
| AuM | $256.29 M | $1,287.05 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.32% | 0.33% |
| Tracking Difference | 0.07% | 0.10% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XQLT | -0.69% | +9.54% | +13.28% | +21.63% | +70.69% |
ZUQ | -1.86% | +8.09% | +11.94% | +21.71% | +76.95% | |
| Flows | XQLT | -$0 M | +$4 M | +$24 M | +$22 M | +$111 M |
ZUQ | -$33 M | +$46 M | -$74 M | -$91 M | +$281 M |
XQLT vs ZUQ exposure
Countries
XQLT
USA
95.82%
ZUQ
USA
96.45%
Sectors
XQLT
Technology
49.73%
Finance
11.83%
Consumer Non-Cyclicals
9.86%
Healthcare
9.12%
Other
19.46%
ZUQ
Technology
46.20%
Healthcare
16.44%
Consumer Non-Cyclicals
11.77%
Finance
10.50%
Industrials
8.65%
As of July 31, 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%
ZUQ
Eli Lilly & Co.
5.83%
Apple, Inc.
4.57%
Meta Platforms, Inc.
4.52%
NVIDIA Corp.
4.29%
Microsoft Corp.
4.28%
Visa, Inc.
4.12%
Lam Research Corp.
3.87%
Applied Materials, Inc.
3.53%
Johnson & Johnson
3.42%
KLA Corp.
2.92%
Diversification
XQLT
Total weight of top 10 holdings out of 126 total
45.63%
ZUQ
Total weight of top 10 holdings out of 125 total
41.36%
Characteristics
Compare
XQLT
ZUQ
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI USA Sector Neutral Quality NTR Index - CAD | MSCI USA Quality Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.61% | 0.44% |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2019 | November 5, 2014 |
Frequently asked questions about XQLT and ZUQ
Which ETF has performed better year to date: XQLT or ZUQ?
As of July 31, 2026, XQLT has returned 13.28% year to date, while ZUQ has returned 11.94%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: XQLT or ZUQ?
As of July 31, 2026, XQLT manages $256.29 M in assets, while ZUQ manages $1.29 B. ZUQ is the larger fund by AUM.
How are XQLT and ZUQ managed?
XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark. ZUQ is passively managed by BMO. It tracks the MSCI USA Quality Net Total Return Index - CAD benchmark.
What sectors do XQLT and ZUQ emphasize?
XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZUQ is most exposed to Technology, Healthcare, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: XQLT or ZUQ?
Year to date, XQLT has seen +$23.89 M in net flows, compared with -$74.07 M for ZUQ. XQLT has attracted more net investor money so far.
How do the fees of XQLT and ZUQ compare?
XQLT has an expense ratio of 0.32%, while ZUQ has an expense ratio of 0.33%.
What are the top holdings of XQLT and ZUQ?
XQLT's largest holdings include Apple, Inc., NVIDIA Corp., and Microsoft Corp.. ZUQ's top holdings include Eli Lilly & Co., Apple, Inc., and Meta Platforms, Inc..
Which ETF is more diversified: XQLT or ZUQ?
XQLT holds 125 securities, while ZUQ holds 124. On holdings count, XQLT is the more diversified portfolio.
Recent articles about XQLT and ZUQ
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.