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Compare iShares S&P U.S. Small-Cap Index ETF (XSMH) vs BMO S&P US Small Cap Index ETF (ZSML.U) to find the best fit for your portfolio. XSMH and ZSML.U provide the same top sector exposures: Finance, Technology, and Industrials. When evaluating costs, XSMH features a management fee (MER) of 0.2%, compared to 0.2% for ZSML.U. Performance-wise, XSMH has returned 14.25% year-to-date with -$20 M in net flows, whereas ZSML.U is at 16.21% with +$4 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
XSMH
ZSML.U
| AuM | $51.36 M | $13.70 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | 1.32% | 1.39% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSMH | +0.93% | -4.81% | +14.25% | +13.37% | +54.39% |
ZSML.U | +1.14% | -4.23% | +16.21% | +15.81% | +62.61% | |
| Flows | XSMH | -$5 M | -$4 M | -$20 M | -$25 M | +$27 M |
ZSML.U | +$0 M | +$0 M | +$4 M | +$4 M | +$4 M |
XSMH vs ZSML.U exposure
Countries
XSMH
USA
99.70%
ZSML.U
USA
97.87%
Sectors
XSMH
Finance
26.23%
Technology
12.84%
Industrials
12.26%
Healthcare
10.93%
Consumer Cyclicals
7.86%
Other
29.88%
ZSML.U
Finance
26.39%
Technology
12.80%
Industrials
12.37%
Healthcare
10.88%
Consumer Cyclicals
7.95%
Other
29.60%
As of October 26, 2026
Top 10 Holdings
XSMH
BlackRock Cash Funds - Treasury
2.11%
Corcept Therapeutics, Inc.
0.60%
Glaukos Corp.
0.59%
Paycom Software, Inc.
0.55%
Brinker International, Inc.
0.55%
Match Group, Inc.
0.53%
Jackson Financial, Inc.
0.52%
ViaSat, Inc.
0.51%
Protagonist Therapeutics, Inc.
0.50%
CarMax, Inc.
0.49%
ZSML.U
Corcept Therapeutics, Inc.
0.60%
Glaukos Corp.
0.58%
Paycom Software, Inc.
0.55%
Brinker International, Inc.
0.54%
Match Group, Inc.
0.54%
Jackson Financial, Inc.
0.51%
ViaSat, Inc.
0.51%
Ryman Hospitality Properties, Inc.
0.49%
CarMax, Inc.
0.49%
Protagonist Therapeutics, Inc.
0.48%
Diversification
XSMH
Total weight of top 10 holdings out of 603 total
6.94%
ZSML.U
Total weight of top 10 holdings out of 602 total
5.29%
Characteristics
Compare
XSMH
ZSML.U
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P SmallCap 600 Index - CAD Hedged | S&P SmallCap 600 Index - USD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.98% | 1.09% |
| Meets ESG criteria | No | No |
| Inception Date | September 10, 2019 | February 5, 2020 |
Frequently asked questions about XSMH and ZSML.U
Which ETF has performed better year to date: XSMH or ZSML.U?
As of October 26, 2026, XSMH has returned 14.25% year to date, while ZSML.U has returned 16.21%. ZSML.U is ahead on YTD performance.
Which ETF is larger by assets under management: XSMH or ZSML.U?
As of October 26, 2026, XSMH manages $51.36 M in assets, while ZSML.U manages $13.70 M. XSMH is the larger fund by AUM.
How are XSMH and ZSML.U managed?
XSMH is passively managed by iShares. It tracks the S&P SmallCap 600 Index - CAD Hedged benchmark. ZSML.U is passively managed by BMO. It tracks the S&P SmallCap 600 Index - USD benchmark.
What sectors do XSMH and ZSML.U emphasize?
XSMH is most exposed to Finance, Technology, and Industrials. ZSML.U is most exposed to Finance, Technology, and Industrials.
Which ETF is attracting more investor flows: XSMH or ZSML.U?
Year to date, XSMH has seen -$19.92 M in net flows, compared with +$3.65 M for ZSML.U. ZSML.U has attracted more net investor money so far.
How do the fees of XSMH and ZSML.U compare?
XSMH has an expense ratio of 0.22%, while ZSML.U has an expense ratio of 0.22%.
What are the top holdings of XSMH and ZSML.U?
XSMH's largest holdings include BlackRock Cash Funds - Treasury, Corcept Therapeutics, Inc., and Glaukos Corp.. ZSML.U's top holdings include Corcept Therapeutics, Inc., Glaukos Corp., and Paycom Software, Inc..
Which ETF is more diversified: XSMH or ZSML.U?
XSMH holds 601 securities, while ZSML.U holds 600. On holdings count, XSMH is the more diversified portfolio.
Recent articles about XSMH and ZSML.U
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