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iShares 1-5 Year U.S. IG Corporate Bond Index ETF (XSHU) and BMO Ultra Short-Term US Bond ETF (ZUS.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSHU focuses its top 3 sector exposures on Finance, Utilities, and Technology, while ZUS.U leans towards Finance, Technology, and Healthcare. When evaluating costs, XSHU features a management fee (MER) of 0.15%, compared to 0.15% for ZUS.U. Performance-wise, XSHU has returned 1.51% year-to-date with -$19 M in net flows, whereas ZUS.U is at 2.54% with +$16 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
XSHU
ZUS.U
| AuM | $18.46 M | $91.90 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.16% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSHU | -1.69% | +0.29% | +1.51% | +2.54% | +18.26% |
ZUS.U | +0.29% | +0.97% | +2.54% | +4.02% | +15.28% | |
| Flows | XSHU | -$0 M | +$3 M | -$19 M | -$14 M | +$17 M |
ZUS.U | +$2 M | +$9 M | +$16 M | +$24 M | +$66 M |
XSHU vs ZUS.U exposure
Countries
XSHU
USA
71.44%
Other
28.56%
ZUS.U
USA
76.75%
Other
23.25%
Sectors
XSHU
Finance
48.58%
Utilities
7.52%
Technology
7.04%
Other
36.85%
ZUS.U
Finance
67.79%
Technology
13.74%
Healthcare
8.19%
Other
10.28%
As of September 2, 2026
Top 10 Holdings
XSHU
Mexico, 5.5% 17aug2030, USD
0.31%
BlackRock Cash Funds - Treasury
0.22%
T-Mobile USA, 3.875% 15apr2030, USD
0.17%
Bank of America Corporation, 3.419% 20dec2028, USD
0.14%
Amazon.com, 4.25% 13mar2031, USD
0.13%
AbbVie, 3.2% 21nov2029, USD
0.13%
MARS, 4.8% 1mar2030, USD
0.13%
CVS Health, 4.3% 25mar2028, USD
0.13%
NVIDIA, 4.5% 15jun2031, USD
0.12%
Boeing, 5.15% 1may2030, USD
0.11%
ZUS.U
U.S. Bancorp, 2.215% 27jan2028, USD (AA)
5.13%
Sumisho Air Lease Corp, 1.875% 15aug2026, USD (A)
5.04%
Charles Schwab, 2.45% 3mar2027, USD
4.94%
American Express Co, 2.55% 4mar2027, USD
4.32%
Deutsche Bank (New York Branch), 2.311% 16nov2027, USD (D)
4.30%
Capital One Financial, 1.878% 2nov2027, USD
3.39%
Goldman Sachs, 1.948% 21oct2027, USD
3.37%
Microsoft, 3.3% 6feb2027, USD
3.16%
Santander Holdings USA, 2.49% 6jan2028, USD
2.72%
Apple, 2.05% 11sep2026, USD
2.65%
Diversification
XSHU
Total weight of top 10 holdings out of 4,663 total
1.58%
ZUS.U
Total weight of top 10 holdings out of 60 total
39.00%
Characteristics
Compare
XSHU
ZUS.U
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | ICE BofA 1-5 Year US Corporate Index 4PM - USD | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.23% | 4.18% |
| Meets ESG criteria | No | No |
| Inception Date | July 6, 2021 | February 15, 2019 |
Frequently asked questions about XSHU and ZUS.U
Which ETF has performed better year to date: XSHU or ZUS.U?
As of September 2, 2026, XSHU has returned 1.51% year to date, while ZUS.U has returned 2.54%. ZUS.U is ahead on YTD performance.
Which ETF is larger by assets under management: XSHU or ZUS.U?
As of September 2, 2026, XSHU manages $18.46 M in assets, while ZUS.U manages $91.90 M. ZUS.U is the larger fund by AUM.
How are XSHU and ZUS.U managed?
XSHU is passively managed by iShares. It tracks the ICE BofA 1-5 Year US Corporate Index 4PM - USD benchmark. ZUS.U is actively managed by BMO. It does not track an index.
What sectors do XSHU and ZUS.U emphasize?
XSHU is most exposed to Finance, Utilities, and Technology. ZUS.U is most exposed to Finance, Technology, and Healthcare.
Which ETF is attracting more investor flows: XSHU or ZUS.U?
Year to date, XSHU has seen -$18.99 M in net flows, compared with +$15.90 M for ZUS.U. ZUS.U has attracted more net investor money so far.
How do the fees of XSHU and ZUS.U compare?
XSHU has an expense ratio of 0.16%, while ZUS.U has an expense ratio of 0.17%.
What are the top holdings of XSHU and ZUS.U?
XSHU's largest holdings include Mexico, 5.5% 17aug2030, USD, BlackRock Cash Funds - Treasury, and T-Mobile USA, 3.875% 15apr2030, USD. ZUS.U's top holdings include U.S. Bancorp, 2.215% 27jan2028, USD (AA), Sumisho Air Lease Corp, 1.875% 15aug2026, USD (A), and Charles Schwab, 2.45% 3mar2027, USD.
Which ETF is more diversified: XSHU or ZUS.U?
XSHU holds 4645 securities, while ZUS.U holds 60. On holdings count, XSHU 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.