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Compare BMO Aggregate Bond Index ETF (ZAG) vs CIBC Canadian Short-Term Bond Index ETF (CSBI) to find the best fit for your portfolio. ZAG provides Sovereign, Municipal, and Finance exposures, while CSBI is primarily weighted in Sovereign, Finance, and Municipal. When evaluating costs, ZAG features a management fee (MER) of 0.08%, compared to 0.07% for CSBI. Performance-wise, ZAG has returned 0.63% year-to-date with +$1 B in net flows, whereas CSBI is at 1.17% with +$72 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
CSBI
| AuM | $13,241.41 M | $420.54 M |
| Management Fees | 0.08% | 0.07% |
| Exp. ratio | 0.09% | 0.08% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZAG | +1.49% | -0.34% | +0.63% | -0.33% | +15.82% |
CSBI | +0.69% | -0.06% | +1.17% | +0.96% | +12.98% | |
| Flows | ZAG | +$140 M | +$269 M | +$1,332 M | +$1,985 M | +$7,383 M |
CSBI | +$0 M | +$12 M | +$72 M | +$403 M | +$420 M |
ZAG vs CSBI exposure
Countries
ZAG
Canada
95.65%
CSBI
Canada
96.83%
Sectors
ZAG
Sovereign
34.55%
Municipal
30.80%
Finance
11.12%
Government Agencies
9.39%
Other
14.14%
CSBI
Sovereign
38.54%
Finance
26.75%
Municipal
14.89%
Government Agencies
7.79%
Other
12.03%
As of October 30, 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%
CSBI
Canada, Bonds 2.25% 1feb2028, CAD
10.99%
Canada, Bond 1.5 1jun2031 10Y
6.89%
Canada, Bonds 2.75% 1mar2030, CAD
6.64%
Canada, Bonds 2.75% 1mar2031, CAD
6.00%
Canada, Bond 0.5 1oct2030 10Y
4.99%
CMHC, 1.75% 15jun2030, CAD (92)
2.87%
Canada Housing Trust, 3.7% 15jun2029, CAD (120)
2.70%
Canada, Bonds 4% 1mar2029, CAD
2.14%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
1.97%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
1.92%
Diversification
ZAG
Total weight of top 10 holdings out of 86 total
28.40%
CSBI
Total weight of top 10 holdings out of 200 total
47.10%
Characteristics
Compare
ZAG
CSBI
| Provider | BMO | CIBC |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe Bond TR Index - CAD | FTSE Canada Short Term Overall Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.45% | 3.38% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | January 23, 2023 |
Frequently asked questions about ZAG and CSBI
Which ETF has performed better year to date: ZAG or CSBI?
As of October 30, 2026, ZAG has returned 0.63% year to date, while CSBI has returned 1.17%. CSBI is ahead on YTD performance.
Which ETF is larger by assets under management: ZAG or CSBI?
As of October 30, 2026, ZAG manages $13.24 B in assets, while CSBI manages $420.54 M. ZAG is the larger fund by AUM.
How are ZAG and CSBI managed?
ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark. CSBI is passively managed by CIBC. It tracks the FTSE Canada Short Term Overall Bond TR Index - CAD benchmark.
What sectors do ZAG and CSBI emphasize?
ZAG is most exposed to Sovereign, Municipal, and Finance. CSBI is most exposed to Sovereign, Finance, and Municipal.
Which ETF is attracting more investor flows: ZAG or CSBI?
Year to date, ZAG has seen +$1,331.57 M in net flows, compared with +$72.48 M for CSBI. ZAG has attracted more net investor money so far.
How do the fees of ZAG and CSBI compare?
ZAG has an expense ratio of 0.09%, while CSBI has an expense ratio of 0.08%.
What are the top holdings of ZAG and CSBI?
ZAG's largest holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bonds 2.25% 1feb2028, CAD. CSBI's top holdings include Canada, Bonds 2.25% 1feb2028, CAD, Canada, Bond 1.5 1jun2031 10Y, and Canada, Bonds 2.75% 1mar2030, CAD.
Which ETF is more diversified: ZAG or CSBI?
ZAG holds 86 securities, while CSBI holds 199. On holdings count, CSBI is the more diversified portfolio.
Recent articles about ZAG and CSBI
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