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iShares 1-5 Year U.S. IG Corporate Bond Index ETF (XSHU.U) and BMO Ultra Short-Term US Bond ETF (ZUS.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSHU.U focuses its top 3 sector exposures on Finance, Utilities, and Technology, while ZUS.U leans towards Finance, Technology, and Healthcare. When evaluating costs, XSHU.U features a management fee (MER) of 0.15%, compared to 0.15% for ZUS.U. Performance-wise, XSHU.U has returned 0.03% year-to-date with -$0 M in net flows, whereas ZUS.U is at 2.65% with +$15 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.U
ZUS.U
| AuM | $8.97 M | $91.30 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.16% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSHU.U | -0.68% | -0.10% | +0.03% | +1.09% | +15.86% |
ZUS.U | +0.25% | +0.96% | +2.65% | +3.88% | +15.19% | |
| Flows | XSHU.U | +$0 M | -$0 M | -$0 M | +$3 M | +$2 M |
ZUS.U | +$1 M | +$7 M | +$15 M | +$24 M | +$65 M |
XSHU.U vs ZUS.U exposure
Countries
XSHU.U
USA
71.44%
Other
28.56%
ZUS.U
USA
76.75%
Other
23.25%
Sectors
XSHU.U
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 17, 2026
Top 10 Holdings
XSHU.U
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.U
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.U
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 | 4.25% | 4.18% |
| Meets ESG criteria | No | No |
| Inception Date | July 6, 2021 | February 15, 2019 |
Frequently asked questions about XSHU.U and ZUS.U
Which ETF has performed better year to date: XSHU.U or ZUS.U?
As of September 17, 2026, XSHU.U has returned 0.03% year to date, while ZUS.U has returned 2.65%. ZUS.U is ahead on YTD performance.
Which ETF is larger by assets under management: XSHU.U or ZUS.U?
As of September 17, 2026, XSHU.U manages $8.97 M in assets, while ZUS.U manages $91.30 M. ZUS.U is the larger fund by AUM.
How are XSHU.U and ZUS.U managed?
XSHU.U 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.U and ZUS.U emphasize?
XSHU.U 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.U or ZUS.U?
Year to date, XSHU.U has seen -$0.46 M in net flows, compared with +$15.20 M for ZUS.U. ZUS.U has attracted more net investor money so far.
How do the fees of XSHU.U and ZUS.U compare?
XSHU.U has an expense ratio of 0.16%, while ZUS.U has an expense ratio of 0.17%.
What are the top holdings of XSHU.U and ZUS.U?
XSHU.U'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.U or ZUS.U?
XSHU.U holds 4645 securities, while ZUS.U holds 60. On holdings count, XSHU.U 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.