VS
iShares Core S&P 500 Index ETF (XSP) and BMO US Equity Buffer Hedged to CAD ETF - April (ZAPR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSP focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while ZAPR leans towards Technology, Finance, and Healthcare. When evaluating costs, XSP features a management fee (MER) of 0.08%, compared to 0.73% for ZAPR. Performance-wise, XSP has returned 10.53% year-to-date with +$789 M in net flows, whereas ZAPR is at 7.96% with +$2 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
XSP
ZAPR
| AuM | $15,949.97 M | $116.74 M |
| Management Fees | 0.08% | 0.73% |
| Exp. ratio | 0.09% | 0.73% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSP | -1.38% | +0.17% | +10.53% | +17.66% | +66.22% |
ZAPR | +0.46% | +1.42% | +7.96% | +10.25% | - | |
| Flows | XSP | +$48 M | +$332 M | +$789 M | +$1,094 M | +$2,000 M |
ZAPR | +$0 M | +$0 M | +$2 M | +$3 M | - |
XSP vs ZAPR exposure
Countries
XSP
USA
96.39%
ZAPR
USA
103.03%
Sectors
XSP
Technology
44.71%
Finance
14.00%
Healthcare
8.98%
Consumer Non-Cyclicals
8.93%
Industrials
7.58%
Other
15.80%
ZAPR
Technology
47.88%
Finance
15.01%
Healthcare
9.58%
Consumer Non-Cyclicals
9.57%
Industrials
8.15%
Other
9.81%
As of September 1, 2026
Top 10 Holdings
XSP
Apple, Inc.
7.64%
NVIDIA Corp.
7.37%
Microsoft Corp.
5.23%
Amazon.com, Inc.
3.60%
Alphabet, Inc.
3.05%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.46%
Meta Platforms, Inc.
1.85%
Micron Technology, Inc.
1.54%
JPMorgan Chase & Co.
1.47%
ZAPR
Apple, Inc.
8.18%
NVIDIA Corp.
7.89%
Microsoft Corp.
5.60%
Amazon.com, Inc.
3.85%
Alphabet, Inc.
3.27%
Broadcom Inc.
3.07%
Alphabet, Inc.
2.63%
Meta Platforms, Inc.
1.98%
Micron Technology, Inc.
1.65%
JPMorgan Chase & Co.
1.56%
Diversification
XSP
Total weight of top 10 holdings out of 504 total
37.06%
ZAPR
Total weight of top 10 holdings out of 503 total
39.70%
Characteristics
Compare
XSP
ZAPR
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | S&P 500 CAD Hedged Total Return Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.12% | 0.45% |
| Meets ESG criteria | No | No |
| Inception Date | May 24, 2001 | March 25, 2024 |
Frequently asked questions about XSP and ZAPR
Which ETF has performed better year to date: XSP or ZAPR?
As of September 1, 2026, XSP has returned 10.53% year to date, while ZAPR has returned 7.96%. XSP is ahead on YTD performance.
Which ETF is larger by assets under management: XSP or ZAPR?
As of September 1, 2026, XSP manages $15.95 B in assets, while ZAPR manages $116.74 M. XSP is the larger fund by AUM.
How are XSP and ZAPR managed?
XSP is passively managed by iShares. It tracks the S&P 500 CAD Hedged Total Return Index - CAD benchmark. ZAPR is actively managed by BMO. It does not track an index.
What sectors do XSP and ZAPR emphasize?
XSP is most exposed to Technology, Finance, and Healthcare. ZAPR is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: XSP or ZAPR?
Year to date, XSP has seen +$789.06 M in net flows, compared with +$1.70 M for ZAPR. XSP has attracted more net investor money so far.
How do the fees of XSP and ZAPR compare?
XSP has an expense ratio of 0.09%, while ZAPR has an expense ratio of 0.73%.
What are the top holdings of XSP and ZAPR?
XSP's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. ZAPR's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: XSP or ZAPR?
XSP holds 496 securities, while ZAPR holds 494. On holdings count, XSP is the more diversified portfolio.
Recent articles about XSP and ZAPR
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