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iShares 0-5 Year TIPS Bond Index ETF (XSTP) and BMO Short-Term US Treasury Bond Index ETF (ZTS.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSTP focuses its top 3 sector exposures on Sovereign and Non-Corporate, while ZTS.U leans towards Sovereign. When evaluating costs, XSTP features a management fee (MER) of 0.15%, compared to 0.2% for ZTS.U. Performance-wise, XSTP has returned 4.92% year-to-date with +$64 M in net flows, whereas ZTS.U is at 0.04% with +$7 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
XSTP
ZTS.U
| AuM | $176.99 M | $32.83 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.11% | 0.22% |
| Tracking Difference | -0.13% | -0.20% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSTP | +2.03% | +0.74% | +4.92% | +2.42% | +19.39% |
ZTS.U | +0.43% | -0.34% | +0.04% | +0.46% | +12.29% | |
| Flows | XSTP | +$30 M | +$52 M | +$64 M | +$66 M | +$108 M |
ZTS.U | +$0 M | -$6 M | +$7 M | +$10 M | +$14 M |
XSTP vs ZTS.U exposure
Countries
XSTP
USA
99.97%
ZTS.U
USA
100.00%
Sectors
XSTP
Sovereign
99.88%
ZTS.U
Sovereign
100.00%
As of October 16, 2026
Top 10 Holdings
XSTP
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.41%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.36%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.34%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.05%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
4.94%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.83%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.73%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.72%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.69%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
4.67%
ZTS.U
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.41%
USA, Notes 4% 28feb2030, USD (H-2030)
1.23%
USA, Notes 1.625% 15may2031, USD (C-2031)
1.10%
USA, Notes 1.125% 15feb2031, USD (B-2031)
1.08%
USA, Notes 0.875% 15nov2030, USD (F-2030)
1.08%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.07%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
0.90%
USA, Notes 4.5% 31may2029, USD (Z-2029)
0.89%
USA, Notes 4.375% 31dec2029, USD (AH-2029)
0.89%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.89%
Diversification
XSTP
Total weight of top 10 holdings out of 26 total
49.74%
ZTS.U
Total weight of top 10 holdings out of 147 total
10.53%
Characteristics
Compare
XSTP
ZTS.U
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury TIPS 0-5 Years - CAD | Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.98% | 3.05% |
| Meets ESG criteria | No | No |
| Inception Date | July 12, 2021 | February 28, 2017 |
Frequently asked questions about XSTP and ZTS.U
Which ETF has performed better year to date: XSTP or ZTS.U?
As of October 16, 2026, XSTP has returned 4.92% year to date, while ZTS.U has returned 0.04%. XSTP is ahead on YTD performance.
Which ETF is larger by assets under management: XSTP or ZTS.U?
As of October 16, 2026, XSTP manages $176.99 M in assets, while ZTS.U manages $32.83 M. XSTP is the larger fund by AUM.
How are XSTP and ZTS.U managed?
XSTP is passively managed by iShares. It tracks the Bloomberg U.S. Treasury TIPS 0-5 Years - CAD benchmark. ZTS.U is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD benchmark.
What sectors do XSTP and ZTS.U emphasize?
XSTP is most exposed to Sovereign and Non-Corporate. ZTS.U is most exposed to Sovereign.
Which ETF is attracting more investor flows: XSTP or ZTS.U?
Year to date, XSTP has seen +$63.70 M in net flows, compared with +$7.21 M for ZTS.U. XSTP has attracted more net investor money so far.
How do the fees of XSTP and ZTS.U compare?
XSTP has an expense ratio of 0.11%, while ZTS.U has an expense ratio of 0.22%.
What are the top holdings of XSTP and ZTS.U?
XSTP's largest holdings include USA, TIPS 1.125% 15oct2030, USD (AE-2030), USA, TIPS 1.25% 15apr2031, USD (X-2031), and USA, TIPS 1.625% 15apr2030, USD (X-2030). ZTS.U's top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4% 28feb2030, USD (H-2030), and USA, Notes 1.625% 15may2031, USD (C-2031).
Which ETF is more diversified: XSTP or ZTS.U?
XSTP holds 26 securities, while ZTS.U holds 147. On holdings count, ZTS.U is the more diversified portfolio.
Recent articles about XSTP and ZTS.U
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