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iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF (XSHG) and BMO Core Plus Bond Fund ETF (ZCPB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSHG focuses its top 3 sector exposures on Finance, Telecommunications, and Consumer Non-Cyclicals, while ZCPB leans towards Finance, Sovereign, and Municipal. When evaluating costs, XSHG features a management fee (MER) of 0.15%, compared to 0.5% for ZCPB. Performance-wise, XSHG has returned 1.12% year-to-date with +$35 M in net flows, whereas ZCPB is at 0.26% with +$543 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
XSHG
ZCPB
| AuM | $74.01 M | $2,877.51 M |
| Management Fees | 0.15% | 0.50% |
| Exp. ratio | 0.17% | 0.56% |
| Tracking Difference | -0.17% | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSHG | -0.37% | -0.05% | +1.12% | +2.54% | +17.90% |
ZCPB | -1.16% | -1.82% | +0.26% | +2.13% | +13.87% | |
| Flows | XSHG | +$8 M | +$18 M | +$35 M | +$41 M | +$65 M |
ZCPB | -$71 M | +$45 M | +$543 M | +$753 M | +$1,647 M |
XSHG vs ZCPB exposure
Countries
XSHG
Canada
87.86%
USA
9.43%
ZCPB
Canada
88.44%
USA
8.42%
Sectors
XSHG
Finance
72.71%
Telecommunications
11.07%
Other
16.22%
ZCPB
Finance
31.18%
Sovereign
23.22%
Municipal
21.63%
Other
23.96%
As of September 2, 2026
Top 10 Holdings
XSHG
Bank of Nova Scotia, 3.61% 30jan2032, CAD
1.86%
CIBC, 3.65% 13jan2032, CAD
1.57%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
1.54%
Bank of Montreal, 4.709% 7dec2027, CAD
1.36%
Bank of Montreal, 3.19% 1mar2028, CAD
1.33%
Bank of Montreal, 4.537% 18dec2028, CAD
1.16%
Bank of Nova Scotia, 3.807% 15nov2028, CAD
1.11%
Bank of Montreal, 5.039% 29may2028, CAD
1.11%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
1.10%
Bank of Montreal, 4.42% 17jul2029, CAD
1.10%
ZCPB
Canada, Bonds 3.25% 1jun2036, CAD
4.18%
Canada, Bonds 3.5% 1dec2057, CAD
3.31%
Canada, Bonds 3.25% 1jun2035, CAD
3.04%
Canada, Bonds 2.5% 1may2028, CAD
2.95%
USA, Notes 4.375% 15may2036, USD (C-2036)
2.23%
Province of Ontario, 3.6% 2jun2035, CAD
2.02%
Canada, Bonds 2.5% 1dec2032, CAD
1.76%
Canada, Bonds 2.75% 1dec2055, CAD
1.58%
Province of Quebec, 3.25% 1sep2032, CAD (B131)
1.44%
Province of Quebec, 3.5% 1dec2045, CAD (B112)
1.16%
Diversification
XSHG
Total weight of top 10 holdings out of 219 total
13.23%
ZCPB
Total weight of top 10 holdings out of 496 total
23.66%
Characteristics
Compare
XSHG
ZCPB
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Bloomberg MSCI 1-5 year Canada Corporate Choice ESG Screened 10% Issuer Capped Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.79% | 2.89% |
| Meets ESG criteria | Yes | No |
| Inception Date | August 6, 2021 | May 29, 2018 |
Frequently asked questions about XSHG and ZCPB
Which ETF has performed better year to date: XSHG or ZCPB?
As of September 2, 2026, XSHG has returned 1.12% year to date, while ZCPB has returned 0.26%. XSHG is ahead on YTD performance.
Which ETF is larger by assets under management: XSHG or ZCPB?
As of September 2, 2026, XSHG manages $74.01 M in assets, while ZCPB manages $2.88 B. ZCPB is the larger fund by AUM.
How are XSHG and ZCPB managed?
XSHG is passively managed by iShares. It tracks the Bloomberg MSCI 1-5 year Canada Corporate Choice ESG Screened 10% Issuer Capped Index - CAD benchmark. ZCPB is actively managed by BMO. It does not track an index.
What sectors do XSHG and ZCPB emphasize?
XSHG is most exposed to Finance, Telecommunications, and Consumer Non-Cyclicals. ZCPB is most exposed to Finance, Sovereign, and Municipal.
Which ETF is attracting more investor flows: XSHG or ZCPB?
Year to date, XSHG has seen +$35.41 M in net flows, compared with +$542.66 M for ZCPB. ZCPB has attracted more net investor money so far.
How do the fees of XSHG and ZCPB compare?
XSHG has an expense ratio of 0.17%, while ZCPB has an expense ratio of 0.56%.
What are the top holdings of XSHG and ZCPB?
XSHG's largest holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Nova Scotia, 3.734% 27jun2031, CAD. ZCPB's top holdings include Canada, Bonds 3.25% 1jun2036, CAD, Canada, Bonds 3.5% 1dec2057, CAD, and Canada, Bonds 3.25% 1jun2035, CAD.
Which ETF is more diversified: XSHG or ZCPB?
XSHG holds 219 securities, while ZCPB holds 492. On holdings count, ZCPB is the more diversified portfolio.
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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.