VS
iShares Core S&P 500 Index ETF (XUS) and BMO US Equity Buffer Hedged to CAD ETF - April (ZAPR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XUS focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while ZAPR leans towards Technology, Finance, and Healthcare. When evaluating costs, XUS features a management fee (MER) of 0.08%, compared to 0.73% for ZAPR. Performance-wise, XUS has returned 13.88% year-to-date with +$1 B 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
XUS
ZAPR
| AuM | $13,252.84 M | $116.74 M |
| Management Fees | 0.08% | 0.73% |
| Exp. ratio | 0.09% | 0.73% |
| Tracking Difference | -0.27% | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XUS | -2.24% | +1.09% | +13.88% | +21.11% | +78.56% |
ZAPR | +0.46% | +1.42% | +7.96% | +10.25% | - | |
| Flows | XUS | +$146 M | +$458 M | +$1,432 M | +$1,802 M | +$3,609 M |
ZAPR | +$0 M | +$0 M | +$2 M | +$3 M | - |
XUS vs ZAPR exposure
Countries
XUS
USA
96.39%
ZAPR
USA
103.03%
Sectors
XUS
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 2, 2026
Top 10 Holdings
XUS
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
XUS
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
XUS
ZAPR
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | S&P 500 CAD 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 | April 10, 2013 | March 25, 2024 |
Frequently asked questions about XUS and ZAPR
Which ETF has performed better year to date: XUS or ZAPR?
As of September 2, 2026, XUS has returned 13.88% year to date, while ZAPR has returned 7.96%. XUS is ahead on YTD performance.
Which ETF is larger by assets under management: XUS or ZAPR?
As of September 2, 2026, XUS manages $13.25 B in assets, while ZAPR manages $116.74 M. XUS is the larger fund by AUM.
How are XUS and ZAPR managed?
XUS is passively managed by iShares. It tracks the S&P 500 CAD Total Return Index - CAD benchmark. ZAPR is actively managed by BMO. It does not track an index.
What sectors do XUS and ZAPR emphasize?
XUS is most exposed to Technology, Finance, and Healthcare. ZAPR is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: XUS or ZAPR?
Year to date, XUS has seen +$1,431.72 M in net flows, compared with +$1.70 M for ZAPR. XUS has attracted more net investor money so far.
How do the fees of XUS and ZAPR compare?
XUS has an expense ratio of 0.09%, while ZAPR has an expense ratio of 0.73%.
What are the top holdings of XUS and ZAPR?
XUS'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: XUS or ZAPR?
XUS holds 496 securities, while ZAPR holds 494. On holdings count, XUS is the more diversified portfolio.
Recent articles about XUS and ZAPR
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