VS
BMO Aggregate Bond Index ETF (ZAG) and iShares 1-10 Year Laddered Corporate Bond Index ETF (CBH) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZAG focuses its top 3 sector exposures on Sovereign, Municipal, and Finance, while CBH leans towards Utilities, Finance, and Industrials. When evaluating costs, ZAG features a management fee (MER) of 0.08%, compared to 0.25% for CBH. Performance-wise, ZAG has returned 0.95% year-to-date with +$1 B in net flows, whereas CBH is at 1.06% with -$50 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
ZAG
CBH
| AuM | $13,282.44 M | $532.71 M |
| Management Fees | 0.08% | 0.25% |
| Exp. ratio | 0.09% | 0.27% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZAG | +1.58% | -0.30% | +0.95% | +0.07% | +14.70% |
CBH | +0.77% | -0.28% | +1.06% | +0.80% | +17.04% | |
| Flows | ZAG | +$162 M | +$261 M | +$1,330 M | +$2,027 M | +$7,383 M |
CBH | -$1 M | -$4 M | -$50 M | +$28 M | +$180 M |
ZAG vs CBH exposure
Countries
ZAG
Canada
95.65%
CBH
Canada
94.59%
Sectors
ZAG
Sovereign
34.55%
Municipal
30.80%
Finance
11.12%
Government Agencies
9.39%
Other
14.14%
CBH
Utilities
36.40%
Finance
33.88%
Industrials
22.82%
As of November 2, 2026
Top 10 Holdings
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.26%
Canada, Bonds 2.5% 1nov2027, CAD
3.74%
Canada, Bonds 2.25% 1feb2028, CAD
2.97%
Canada, Bond 2.25 1jun2029 10Y
2.92%
Canada, Bonds 2.75% 1dec2055, CAD
2.80%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.69%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.35%
Bank of Montreal, 3.19% 1mar2028, CAD
2.25%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.23%
Canada, Bonds 2.75% 1mar2030, CAD
2.20%
CBH
Hydro One Inc, 3.02% 5apr2029, CAD (43)
2.18%
AIMCo Realty Investors LP, 2.712% 1jun2029, CAD
2.18%
Greater Toronto Airports Authority, 2.73% 3apr2029, CAD (2019-1)
2.12%
Canadian National Railway Company, 3% 8feb2029, CAD
2.10%
Canadian National Railway Company, 3.2% 31jul2028, CAD
2.09%
407 International, 2.59% 25may2032, CAD (20-A3)
1.81%
Enbridge Gas, 2.35% 15sep2031, CAD
1.66%
Hydro One Inc, 2.23% 17sep2031, CAD (50)
1.63%
Sun Life Financial, 3.15% 18nov2036, CAD (2021-3)
1.59%
Energir LP, 3.04% 9feb2032, CAD (2022-1)
1.56%
Diversification
ZAG
Total weight of top 10 holdings out of 86 total
28.40%
CBH
Total weight of top 10 holdings out of 88 total
18.92%
Characteristics
Compare
ZAG
CBH
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe Bond TR Index - CAD | FTSE Canada 1-10 Year Laddered Corporate Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.44% | 3.46% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | October 20, 2011 |
Frequently asked questions about ZAG and CBH
Which ETF has performed better year to date: ZAG or CBH?
As of November 2, 2026, ZAG has returned 0.95% year to date, while CBH has returned 1.06%. CBH is ahead on YTD performance.
Which ETF is larger by assets under management: ZAG or CBH?
As of November 2, 2026, ZAG manages $13.28 B in assets, while CBH manages $532.71 M. ZAG is the larger fund by AUM.
How are ZAG and CBH managed?
ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark. CBH is passively managed by iShares. It tracks the FTSE Canada 1-10 Year Laddered Corporate Bond TR Index - CAD benchmark.
What sectors do ZAG and CBH emphasize?
ZAG is most exposed to Sovereign, Municipal, and Finance. CBH is most exposed to Utilities, Finance, and Industrials.
Which ETF is attracting more investor flows: ZAG or CBH?
Year to date, ZAG has seen +$1,330.22 M in net flows, compared with -$49.63 M for CBH. ZAG has attracted more net investor money so far.
How do the fees of ZAG and CBH compare?
ZAG has an expense ratio of 0.09%, while CBH has an expense ratio of 0.27%.
What are the top holdings of ZAG and CBH?
ZAG's largest holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bonds 2.25% 1feb2028, CAD. CBH's top holdings include Hydro One Inc, 3.02% 5apr2029, CAD (43), AIMCo Realty Investors LP, 2.712% 1jun2029, CAD, and Greater Toronto Airports Authority, 2.73% 3apr2029, CAD (2019-1).
Which ETF is more diversified: ZAG or CBH?
ZAG holds 86 securities, while CBH holds 88. On holdings count, CBH is the more diversified portfolio.
Recent articles about ZAG and CBH
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