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iShares S&P U.S. Financials Index ETF (XUSF) and BMO SPDR Real Estate Select Sector Index ETF (ZXLR.F) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XUSF focuses its top 3 sector exposures on Finance, Technology, and Business Services, while ZXLR.F leans towards Finance and Technology. When evaluating costs, XUSF features a management fee (MER) of 0.25%, compared to 0.21% for ZXLR.F. Performance-wise, XUSF has returned 10.9% year-to-date with +$10 M in net flows, whereas ZXLR.F is at 9.72% with +$3 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
ZXLR.F
| AuM | $67.38 M | $3.88 M |
| Management Fees | 0.25% | 0.21% |
| Exp. ratio | 0.28% | 0.21% |
| Tracking Difference | -0.57% | - |
Historical performance and flows
As of November 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XUSF | +7.56% | +1.73% | +10.90% | +13.07% | +85.24% |
ZXLR.F | +8.69% | -1.96% | +9.72% | +8.81% | - | |
| Flows | XUSF | -$1 M | -$1 M | +$10 M | +$12 M | +$55 M |
ZXLR.F | +$0 M | +$1 M | +$3 M | +$3 M | - |
XUSF vs ZXLR.F exposure
Countries
XUSF
USA
96.57%
ZXLR.F
USA
99.56%
Sectors
XUSF
Finance
95.61%
ZXLR.F
Finance
98.25%
As of November 4, 2026
Top 10 Holdings
XUSF
Berkshire Hathaway, Inc.
12.31%
JPMorgan Chase & Co.
11.68%
Visa, Inc.
8.13%
Mastercard, Inc.
5.92%
Bank of America Corp.
4.70%
The Goldman Sachs Group, Inc.
3.48%
Wells Fargo & Co.
3.21%
Morgan Stanley
2.98%
Citigroup, Inc.
2.88%
American Express Co.
2.13%
ZXLR.F
US81369Y8600
100.00%
Diversification
XUSF
Total weight of top 10 holdings out of 76 total
57.42%
ZXLR.F
Total weight of top 10 holdings out of 30 total
100.00%
Characteristics
Compare
XUSF
ZXLR.F
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Financials Select Sector Index - CAD | S&P Real Estate Select Sector Total Return Index - USD |
| Replication Method | Direct (Physical) | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.92% | 4.42% |
| Meets ESG criteria | No | No |
| Inception Date | September 6, 2023 | February 2, 2025 |
Frequently asked questions about XUSF and ZXLR.F
Which ETF has performed better year to date: XUSF or ZXLR.F?
As of November 4, 2026, XUSF has returned 10.90% year to date, while ZXLR.F has returned 9.72%. XUSF is ahead on YTD performance.
Which ETF is larger by assets under management: XUSF or ZXLR.F?
As of November 4, 2026, XUSF manages $67.38 M in assets, while ZXLR.F manages $3.88 M. XUSF is the larger fund by AUM.
How are XUSF and ZXLR.F managed?
XUSF is passively managed by iShares. It tracks the S&P Financials Select Sector Index - CAD benchmark. ZXLR.F is passively managed by BMO. It tracks the S&P Real Estate Select Sector Total Return Index - USD benchmark.
Which ETF is more diversified: XUSF or ZXLR.F?
XUSF holds 76 securities, while ZXLR.F holds 1. On holdings count, XUSF is the more diversified portfolio.
Which ETF is attracting more investor flows: XUSF or ZXLR.F?
Year to date, XUSF has seen +$9.89 M in net flows, compared with +$3.09 M for ZXLR.F. XUSF has attracted more net investor money so far.
How do the fees of XUSF and ZXLR.F compare?
XUSF has an expense ratio of 0.28%, while ZXLR.F has an expense ratio of 0.21%.
What sectors do XUSF and ZXLR.F emphasize?
XUSF is most exposed to Finance, Technology, and Business Services. ZXLR.F is most exposed to Finance and Technology.
Recent articles about XUSF and ZXLR.F
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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.