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Compare iShares S&P U.S. Financials Index ETF (XUSF) vs BMO SPDR Financials Select Sector Index ETF (ZXLF) to find the best fit for your portfolio. XUSF and ZXLF provide the same top sector exposures: Finance, Technology, and Business Services. When evaluating costs, XUSF features a management fee (MER) of 0.25%, compared to 0.21% for ZXLF. Performance-wise, XUSF has returned 5.26% year-to-date with +$11 M in net flows, whereas ZXLF is at 5.34% with +$6 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
XUSF
ZXLF
| AuM | $65.01 M | $11.16 M |
| Management Fees | 0.25% | 0.21% |
| Exp. ratio | 0.28% | 0.21% |
| Tracking Difference | -0.56% | - |
Historical performance and flows
As of September 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XUSF | -0.78% | +3.36% | +5.26% | +6.23% | +78.38% |
ZXLF | -0.60% | +2.74% | +5.34% | +6.37% | - | |
| Flows | XUSF | +$0 M | -$2 M | +$11 M | +$13 M | +$58 M |
ZXLF | +$4 M | +$4 M | +$6 M | -$16 M | - |
XUSF vs ZXLF exposure
Countries
XUSF
USA
96.27%
ZXLF
USA
96.29%
Sectors
XUSF
Finance
95.59%
ZXLF
Finance
95.61%
As of September 21, 2026
Top 10 Holdings
XUSF
JPMorgan Chase & Co.
11.67%
Berkshire Hathaway, Inc.
11.60%
Visa, Inc.
7.55%
Mastercard, Inc.
5.78%
Bank of America Corp.
5.00%
The Goldman Sachs Group, Inc.
3.76%
Wells Fargo & Co.
3.25%
Morgan Stanley
3.13%
Citigroup, Inc.
2.80%
American Express Co.
2.23%
ZXLF
JPMorgan Chase & Co.
11.72%
Berkshire Hathaway, Inc.
11.66%
Visa, Inc.
7.56%
Mastercard, Inc.
5.75%
Bank of America Corp.
5.03%
The Goldman Sachs Group, Inc.
3.74%
Wells Fargo & Co.
3.29%
Morgan Stanley
3.14%
Citigroup, Inc.
2.79%
American Express Co.
2.23%
Diversification
XUSF
Total weight of top 10 holdings out of 76 total
56.76%
ZXLF
Total weight of top 10 holdings out of 76 total
56.90%
Characteristics
Compare
XUSF
ZXLF
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Financials Select Sector Index - CAD | S&P Financials Select Sector Total Return Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.86% | 0.82% |
| Meets ESG criteria | No | No |
| Inception Date | September 6, 2023 | February 2, 2025 |
Frequently asked questions about XUSF and ZXLF
Which ETF has performed better year to date: XUSF or ZXLF?
As of September 21, 2026, XUSF has returned 5.26% year to date, while ZXLF has returned 5.34%. ZXLF is ahead on YTD performance.
Which ETF is larger by assets under management: XUSF or ZXLF?
As of September 21, 2026, XUSF manages $65.01 M in assets, while ZXLF manages $11.16 M. XUSF is the larger fund by AUM.
How are XUSF and ZXLF managed?
XUSF is passively managed by iShares. It tracks the S&P Financials Select Sector Index - CAD benchmark. ZXLF is passively managed by BMO. It tracks the S&P Financials Select Sector Total Return Index - USD benchmark.
What sectors do XUSF and ZXLF emphasize?
XUSF is most exposed to Finance, Technology, and Business Services. ZXLF is most exposed to Finance, Technology, and Business Services.
Which ETF is attracting more investor flows: XUSF or ZXLF?
Year to date, XUSF has seen +$10.73 M in net flows, compared with +$6.19 M for ZXLF. XUSF has attracted more net investor money so far.
How do the fees of XUSF and ZXLF compare?
XUSF has an expense ratio of 0.28%, while ZXLF has an expense ratio of 0.21%.
What are the top holdings of XUSF and ZXLF?
XUSF's largest holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc., and Visa, Inc.. ZXLF's top holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc., and Visa, Inc..
Which ETF is more diversified: XUSF or ZXLF?
XUSF holds 76 securities, while ZXLF holds 76. On holdings count, XUSF is the more diversified portfolio.
Recent articles about XUSF and ZXLF
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