VS
iShares Diversified Monthly Income ETF (XTR) and BMO Monthly Income ETF (ZMI) 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 ZMI leans towards Finance, Technology, and Energy. When evaluating costs, XTR features a management fee (MER) of 0.55%, compared to 0.18% for ZMI. Performance-wise, XTR has returned 7.63% year-to-date with -$16 M in net flows, whereas ZMI is at 9.79% with +$41 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
ZMI
| AuM | $368.02 M | $253.13 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% |
ZMI | -0.71% | +0.77% | +9.79% | +13.27% | +45.19% | |
| Flows | XTR | -$2 M | -$7 M | -$16 M | -$13 M | -$121 M |
ZMI | +$4 M | +$18 M | +$41 M | +$61 M | +$109 M |
XTR vs ZMI exposure
Countries
XTR
Canada
59.47%
USA
36.23%
ZMI
USA
44.94%
Canada
36.28%
Other
18.79%
Sectors
XTR
Finance
28.37%
Energy
11.80%
Sovereign
8.76%
Consumer Non-Cyclicals
7.61%
Utilities
7.01%
Other
36.45%
ZMI
Finance
32.75%
Technology
13.55%
Energy
12.44%
Other
41.25%
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%
ZMI
CA05600A3082
5.04%
Royal Bank of Canada
1.52%
Cisco Systems, Inc.
1.47%
AbbVie, Inc.
1.46%
Apple, Inc.
1.42%
JPMorgan Chase & Co.
1.12%
Royal Bank of Canada, 5.228% 24jun2030, CAD
1.11%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
1.09%
Broadcom Inc.
1.09%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
1.06%
Diversification
XTR
Total weight of top 10 holdings out of 10,144 total
12.56%
ZMI
Total weight of top 10 holdings out of 1,201 total
16.37%
Characteristics
Compare
XTR
ZMI
| 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% | 3.64% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | February 3, 2011 |
Frequently asked questions about XTR and ZMI
Which ETF has performed better year to date: XTR or ZMI?
As of September 11, 2026, XTR has returned 7.63% year to date, while ZMI has returned 9.79%. ZMI is ahead on YTD performance.
Which ETF is larger by assets under management: XTR or ZMI?
As of September 11, 2026, XTR manages $368.02 M in assets, while ZMI manages $253.13 M. XTR is the larger fund by AUM.
How are XTR and ZMI managed?
XTR is actively managed by iShares. It does not track an index. ZMI is actively managed by BMO. It does not track an index.
What sectors do XTR and ZMI emphasize?
XTR is most exposed to Finance, Energy, and Sovereign. ZMI is most exposed to Finance, Technology, and Energy.
Which ETF is attracting more investor flows: XTR or ZMI?
Year to date, XTR has seen -$15.76 M in net flows, compared with +$40.75 M for ZMI. ZMI has attracted more net investor money so far.
How do the fees of XTR and ZMI compare?
XTR has an expense ratio of 0.60%, while ZMI has an expense ratio of 0.20%.
What are the top holdings of XTR and ZMI?
XTR's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, ExxonMobil Holdings Corp., and Royal Bank of Canada. ZMI's top holdings include Royal Bank of Canada and Cisco Systems, Inc..
Which ETF is more diversified: XTR or ZMI?
XTR holds 10098 securities, while ZMI holds 1141. On holdings count, XTR is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.