VS
iShares Diversified Monthly Income ETF (XTR) and BMO Monthly Income ETF (ZMI.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XTR focuses its top 3 sector exposures on Finance, Energy, and Utilities, while ZMI.U leans towards Finance, Energy, and Technology. When evaluating costs, XTR features a management fee (MER) of 0.55%, compared to 0.18% for ZMI.U. Performance-wise, XTR has returned 10.2% year-to-date with -$18 M in net flows, whereas ZMI.U is at 7.12% with +$0 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.U
| AuM | $371.86 M | $10.44 M |
| Management Fees | 0.55% | 0.18% |
| Exp. ratio | 0.60% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XTR | +2.01% | +1.29% | +10.20% | +10.77% | +42.21% |
ZMI.U | +0.36% | -1.71% | +7.12% | +10.08% | +43.79% | |
| Flows | XTR | -$1 M | -$5 M | -$18 M | -$16 M | -$114 M |
ZMI.U | +$0 M | +$0 M | +$0 M | +$1 M | +$3 M |
XTR vs ZMI.U exposure
Countries
XTR
Canada
49.82%
USA
37.92%
Other
12.26%
ZMI.U
Canada
35.39%
USA
35.01%
Other
20.64%
Other
8.96%
Sectors
XTR
Finance
28.89%
Energy
12.73%
Utilities
8.68%
Consumer Non-Cyclicals
7.02%
Other
42.68%
ZMI.U
Finance
29.00%
Other
20.64%
Energy
11.00%
Technology
10.04%
Other
29.32%
As of November 11, 2026
Top 10 Holdings
XTR
CA46430D1042
19.79%
CA46430K1084
17.14%
CA46434Y1043
12.57%
CA46431L1132
8.42%
CA46431X1096
7.57%
CA46430W1023
6.98%
CA46433N1096
6.93%
CA46434T1057
6.55%
CA46430M1041
6.47%
CA46429Q1081
3.94%
ZMI.U
CA05585M1032
24.21%
CA05575X1197
20.92%
CA05600B1085
15.05%
CA05590R1055
13.47%
CA05575W1032
10.07%
CA09658Q1081
6.33%
CA05600A3082
5.16%
CA09661J1093
4.79%
Diversification
XTR
Total weight of top 10 holdings out of 11,289 total
96.35%
ZMI.U
Total weight of top 10 holdings out of 1,212 total
100.00%
Characteristics
Compare
XTR
ZMI.U
| 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 | 3.85% | 3.99% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | January 17, 2022 |
Frequently asked questions about XTR and ZMI.U
Which ETF has performed better year to date: XTR or ZMI.U?
As of November 11, 2026, XTR has returned 10.20% year to date, while ZMI.U has returned 7.12%. XTR is ahead on YTD performance.
Which ETF is larger by assets under management: XTR or ZMI.U?
As of November 11, 2026, XTR manages $371.86 M in assets, while ZMI.U manages $10.44 M. XTR is the larger fund by AUM.
How are XTR and ZMI.U managed?
XTR is actively managed by iShares. It does not track an index. ZMI.U is actively managed by BMO. It does not track an index.
Which ETF is more diversified: XTR or ZMI.U?
XTR holds 1 securities, while ZMI.U holds 1. On holdings count, XTR is the more diversified portfolio.
Which ETF is attracting more investor flows: XTR or ZMI.U?
Year to date, XTR has seen -$18.19 M in net flows, compared with +$0.00 M for ZMI.U. ZMI.U has attracted more net investor money so far.
How do the fees of XTR and ZMI.U compare?
XTR has an expense ratio of 0.60%, while ZMI.U has an expense ratio of 0.20%.
What sectors do XTR and ZMI.U emphasize?
XTR is most exposed to Finance, Energy, and Utilities. ZMI.U is most exposed to Finance, Energy, and Technology.
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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.