VS
iShares Diversified Monthly Income ETF (XTR) and BMO Conservative ETF (ZCON) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XTR focuses its top 3 sector exposures on Finance, Energy, and Sovereign, while ZCON leans towards Sovereign, Finance, and Municipal. When evaluating costs, XTR features a management fee (MER) of 0.55%, compared to 0.18% for ZCON. Performance-wise, XTR has returned 7.63% year-to-date with -$16 M in net flows, whereas ZCON is at 4.9% with +$37 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
XTR
ZCON
| AuM | $368.02 M | $118.76 M |
| Management Fees | 0.55% | 0.18% |
| Exp. ratio | 0.60% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XTR | -1.07% | +0.51% | +7.63% | +9.63% | +37.31% |
ZCON | -1.19% | -0.39% | +4.90% | +6.79% | +34.75% | |
| Flows | XTR | -$2 M | -$7 M | -$16 M | -$13 M | -$121 M |
ZCON | +$7 M | +$16 M | +$37 M | +$47 M | +$66 M |
XTR vs ZCON exposure
Countries
XTR
Canada
59.47%
USA
36.23%
ZCON
Canada
52.07%
USA
32.85%
Other
15.07%
Sectors
XTR
Finance
28.37%
Energy
11.80%
Sovereign
8.76%
Consumer Non-Cyclicals
7.61%
Utilities
7.01%
Other
36.45%
ZCON
Sovereign
22.43%
Finance
16.59%
Municipal
13.27%
Technology
11.43%
Other
36.28%
As of September 11, 2026
Top 10 Holdings
XTR
Canada, Bonds 3.5% 1dec2057, CAD
1.54%
ExxonMobil Holdings Corp.
1.46%
Royal Bank of Canada
1.46%
Bank of Montreal
1.39%
The Toronto-Dominion Bank
1.21%
AbbVie, Inc.
1.16%
The Bank of Nova Scotia
1.11%
Chevron Corp.
1.09%
Canada, Bond 2 1jan2051 30Y
1.09%
Canada, Bonds 2.75% 1dec2055, CAD
1.07%
ZCON
Canada, Bond 0.5 1oct2030 10Y
7.74%
CMHC, 1.9% 15mar2031, CAD (100)
2.89%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
2.29%
Canada, Bonds 2.25% 1dec2029, CAD
2.18%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.15%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
2.14%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
2.09%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
1.63%
Apple, Inc.
1.39%
NVIDIA Corp.
1.34%
Diversification
XTR
Total weight of top 10 holdings out of 10,144 total
12.56%
ZCON
Total weight of top 10 holdings out of 19,892 total
25.86%
Characteristics
Compare
XTR
ZCON
| Provider | iShares | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.91% | 1.93% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | February 15, 2019 |
Frequently asked questions about XTR and ZCON
Which ETF has performed better year to date: XTR or ZCON?
As of September 11, 2026, XTR has returned 7.63% year to date, while ZCON has returned 4.90%. XTR is ahead on YTD performance.
Which ETF is larger by assets under management: XTR or ZCON?
As of September 11, 2026, XTR manages $368.02 M in assets, while ZCON manages $118.76 M. XTR is the larger fund by AUM.
How are XTR and ZCON managed?
XTR is actively managed by iShares. It does not track an index. ZCON is actively managed by BMO. It does not track an index.
What sectors do XTR and ZCON emphasize?
XTR is most exposed to Finance, Energy, and Sovereign. ZCON is most exposed to Sovereign, Finance, and Municipal.
Which ETF is attracting more investor flows: XTR or ZCON?
Year to date, XTR has seen -$15.76 M in net flows, compared with +$36.55 M for ZCON. ZCON has attracted more net investor money so far.
How do the fees of XTR and ZCON compare?
XTR has an expense ratio of 0.60%, while ZCON has an expense ratio of 0.20%.
What are the top holdings of XTR and ZCON?
XTR's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, ExxonMobil Holdings Corp., and Royal Bank of Canada. ZCON's top holdings include Canada, Bond 0.5 1oct2030 10Y and CMHC, 1.9% 15mar2031, CAD (100).
Which ETF is more diversified: XTR or ZCON?
XTR holds 10098 securities, while ZCON holds 11658. On holdings count, ZCON is the more diversified portfolio.
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