VS
BMO U.S. All Cap Equity Fund ETF (ZACE) and NBI U.S. Equity Index Fund - ETF Series (NBUX) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZACE focuses its top 3 sector exposures on Information Technology, Industrials, and Consumer Discretionary, while NBUX leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, ZACE features a management fee (MER) of 0.75%, compared to 0.05% for NBUX. 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
NBUX
| AuM | $57.41 M | $1.03 M |
| Management Fees | 0.75% | 0.05% |
| Exp. ratio | 0.81% | 0.05% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZACE | +3.36% | +12.69% | +9.16% | +25.61% | +88.29% |
NBUX | +1.54% | - | - | - | - | |
| Flows | ZACE | +$0 M | -$5 M | -$7 M | -$5 M | +$26 M |
NBUX | +$1 M | - | - | - | - |
ZACE vs NBUX exposure
Countries
ZACE
USA
92.05%
Other
7.95%
NBUX
USA
96.85%
Sectors
ZACE
Information Technology
33.83%
Industrials
10.59%
Consumer Discretionary
10.32%
Communication Services
10.26%
Financials
9.24%
Health Care
7.62%
Other
18.14%
NBUX
Information Technology
35.45%
Communication Services
11.09%
Consumer Discretionary
10.10%
Financials
9.73%
Health Care
8.40%
Industrials
8.26%
Other
16.97%
As of June 11, 2026
Top 10 Holdings
ZACE
APPLE
8.16%
MICROSOFT-T
5.29%
ALPHABET INC-CL
4.98%
NVIDIA
4.61%
AMAZON.COM INC
3.47%
VISA INCORPORATION
3.12%
BROADCOM LIMITED
2.77%
BK OF AMERICA CO
2.41%
ORACLE SYS
2.22%
SHOPIFY SUBORDINATE VOTING
2.08%
NBUX
NVIDIA
7.44%
APPLE
6.33%
MICROSOFT-T
4.82%
AMAZON.COM INC
4.14%
ALPHABET INC-CL
3.56%
BROADCOM LIMITED
3.09%
ALPHABET INC-CL
3.07%
META PLATFORMS
2.13%
TESLA
1.71%
BERKSHIRE HATHWAY
1.39%
Diversification
ZACE
Total weight of top 10 holdings out of 56 total
39.10%
NBUX
Total weight of top 10 holdings out of 536 total
37.66%
Characteristics
Compare
ZACE
NBUX
| Provider | BMO | National Bank Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Morningstar US Large-Mid Cap Index PR - USD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | - |
| Meets ESG criteria | No | No |
| Inception Date | June 10, 2021 | May 12, 2026 |
Frequently asked questions about ZACE and NBUX
Which ETF is larger by assets under management: ZACE or NBUX?
As of June 11, 2026, ZACE manages $57.41 M in assets, while NBUX manages $1.03 M. ZACE is the larger fund by AUM.
How are ZACE and NBUX managed?
ZACE is actively managed by BMO. It does not track an index. NBUX is passively managed by National Bank Investments. It tracks the Morningstar US Large-Mid Cap Index PR - USD benchmark.
What sectors do ZACE and NBUX emphasize?
ZACE is most exposed to Information Technology, Industrials, and Consumer Discretionary. NBUX is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
How do the fees of ZACE and NBUX compare?
ZACE has an expense ratio of 0.81%, while NBUX has an expense ratio of 0.05%.
What are the top holdings of ZACE and NBUX?
ZACE's largest holdings include APPLE and MICROSOFT-T. NBUX's top holdings include NVIDIA, ALPHABET INC-CL, and APPLE.
Which ETF is more diversified: ZACE or NBUX?
ZACE holds 53 securities, while NBUX holds 496. On holdings count, NBUX is the more diversified portfolio.
Recent articles about ZACE and NBUX
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