VS
BMO U.S. All Cap Equity Fund ETF (ZACE) and CIBC MSCI USA Equity Index ETF (CUEI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZACE focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while CUEI leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, ZACE features a management fee (MER) of 0.75%, compared to 0.05% for CUEI. Performance-wise, ZACE has returned 12.46% year-to-date with -$7 M in net flows, whereas CUEI is at 13.21% with +$294 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
ZACE
CUEI
| AuM | $59.15 M | $1,535.71 M |
| Management Fees | 0.75% | 0.05% |
| Exp. ratio | 0.81% | 0.06% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZACE | -2.67% | +2.92% | +12.46% | +16.09% | +85.58% |
CUEI | -2.10% | +2.63% | +13.21% | +18.30% | +78.88% | |
| Flows | ZACE | +$0 M | +$0 M | -$7 M | -$8 M | +$16 M |
CUEI | +$13 M | +$44 M | +$294 M | +$378 M | +$761 M |
ZACE vs CUEI exposure
Countries
ZACE
USA
91.86%
Other
8.14%
CUEI
USA
97.24%
Sectors
ZACE
Technology
39.42%
Finance
17.56%
Consumer Non-Cyclicals
10.72%
Industrials
9.06%
Healthcare
7.94%
Other
15.30%
CUEI
Technology
44.15%
Finance
13.81%
Consumer Non-Cyclicals
9.47%
Healthcare
9.03%
Industrials
8.00%
Other
15.53%
As of September 8, 2026
Top 10 Holdings
ZACE
Apple, Inc.
9.47%
Microsoft Corp.
5.27%
Alphabet, Inc.
4.45%
NVIDIA Corp.
4.03%
Visa, Inc.
3.20%
Amazon.com, Inc.
2.91%
Palo Alto Networks, Inc.
2.82%
Bank of America Corp.
2.55%
Broadcom Inc.
2.48%
United Rentals, Inc.
2.01%
CUEI
NVIDIA Corp.
7.18%
Apple, Inc.
7.03%
Microsoft Corp.
5.08%
Amazon.com, Inc.
4.07%
Alphabet, Inc.
3.21%
Broadcom Inc.
2.71%
Alphabet, Inc.
2.56%
Meta Platforms, Inc.
1.90%
JPMorgan Chase & Co.
1.46%
Micron Technology, Inc.
1.44%
Diversification
ZACE
Total weight of top 10 holdings out of 56 total
39.18%
CUEI
Total weight of top 10 holdings out of 527 total
36.65%
Characteristics
Compare
ZACE
CUEI
| Provider | BMO | CIBC |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI USA NTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 0.73% |
| Meets ESG criteria | No | No |
| Inception Date | June 10, 2021 | March 31, 2021 |
Frequently asked questions about ZACE and CUEI
Which ETF has performed better year to date: ZACE or CUEI?
As of September 8, 2026, ZACE has returned 12.46% year to date, while CUEI has returned 13.21%. CUEI is ahead on YTD performance.
Which ETF is larger by assets under management: ZACE or CUEI?
As of September 8, 2026, ZACE manages $59.15 M in assets, while CUEI manages $1.54 B. CUEI is the larger fund by AUM.
How are ZACE and CUEI managed?
ZACE is actively managed by BMO. It does not track an index. CUEI is passively managed by CIBC. It tracks the MSCI USA NTR Index - CAD benchmark.
What sectors do ZACE and CUEI emphasize?
ZACE is most exposed to Technology, Finance, and Consumer Non-Cyclicals. CUEI is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: ZACE or CUEI?
Year to date, ZACE has seen -$6.76 M in net flows, compared with +$294.16 M for CUEI. CUEI has attracted more net investor money so far.
How do the fees of ZACE and CUEI compare?
ZACE has an expense ratio of 0.81%, while CUEI has an expense ratio of 0.06%.
What are the top holdings of ZACE and CUEI?
ZACE's largest holdings include Apple, Inc., Microsoft Corp., and Alphabet, Inc.. CUEI's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZACE or CUEI?
ZACE holds 56 securities, while CUEI holds 524. On holdings count, CUEI is the more diversified portfolio.
Recent articles about ZACE and CUEI
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