VS
BMO U.S. All Cap Equity Fund ETF (ZACE) and Purpose Tactical Hedged Equity Fund ETF (PHE.B) 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 PHE.B leans towards Technology, Finance, and Industrials. When evaluating costs, ZACE features a management fee (MER) of 0.75%, compared to 0.95% for PHE.B. Performance-wise, ZACE has returned 12.46% year-to-date with -$7 M in net flows, whereas PHE.B is at 5.14% with -$13 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
PHE.B
| AuM | $59.15 M | $10.47 M |
| Management Fees | 0.75% | 0.95% |
| Exp. ratio | 0.81% | 0.94% |
| 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% |
PHE.B | -2.48% | +1.78% | +5.14% | +7.89% | +43.67% | |
| Flows | ZACE | +$0 M | +$0 M | -$7 M | -$8 M | +$16 M |
PHE.B | -$0 M | +$4 M | -$13 M | -$13 M | -$8 M |
ZACE vs PHE.B exposure
Countries
ZACE
USA
91.86%
Other
8.14%
PHE.B
USA
94.47%
Sectors
ZACE
Technology
39.42%
Finance
17.56%
Consumer Non-Cyclicals
10.72%
Industrials
9.06%
Healthcare
7.94%
Other
15.30%
PHE.B
Technology
44.95%
Finance
12.94%
Industrials
9.90%
Consumer Non-Cyclicals
9.86%
Healthcare
7.94%
Other
14.41%
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%
PHE.B
NVIDIA Corp.
8.44%
Apple, Inc.
8.10%
Alphabet, Inc.
7.11%
Microsoft Corp.
5.73%
Amazon.com, Inc.
3.85%
Broadcom Inc.
3.34%
Visa, Inc.
2.37%
JPMorgan Chase & Co.
2.29%
Eli Lilly & Co.
2.25%
Meta Platforms, Inc.
1.90%
Diversification
ZACE
Total weight of top 10 holdings out of 56 total
39.18%
PHE.B
Total weight of top 10 holdings out of 81 total
45.38%
Characteristics
Compare
ZACE
PHE.B
| Provider | BMO | Purpose Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | June 10, 2021 | April 29, 2014 |
Frequently asked questions about ZACE and PHE.B
Which ETF has performed better year to date: ZACE or PHE.B?
As of September 8, 2026, ZACE has returned 12.46% year to date, while PHE.B has returned 5.14%. ZACE is ahead on YTD performance.
Which ETF is larger by assets under management: ZACE or PHE.B?
As of September 8, 2026, ZACE manages $59.15 M in assets, while PHE.B manages $10.47 M. ZACE is the larger fund by AUM.
How are ZACE and PHE.B managed?
ZACE is actively managed by BMO. It does not track an index. PHE.B is actively managed by Purpose Investments. It does not track an index.
What sectors do ZACE and PHE.B emphasize?
ZACE is most exposed to Technology, Finance, and Consumer Non-Cyclicals. PHE.B is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: ZACE or PHE.B?
Year to date, ZACE has seen -$6.76 M in net flows, compared with -$12.98 M for PHE.B. ZACE has attracted more net investor money so far.
How do the fees of ZACE and PHE.B compare?
ZACE has an expense ratio of 0.81%, while PHE.B has an expense ratio of 0.94%.
What are the top holdings of ZACE and PHE.B?
ZACE's largest holdings include Apple, Inc., Microsoft Corp., and Alphabet, Inc.. PHE.B's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZACE or PHE.B?
ZACE holds 56 securities, while PHE.B holds 81. On holdings count, PHE.B is the more diversified portfolio.
Recent articles about ZACE and PHE.B
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