BMO Aggregate Bond Index ETF (ZAG) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZAG focuses its top 3 sector exposures on Municipal, Sovereign, and Government agencies, while ZSP leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, ZAG features a management fee (MER) of 0.08%, compared to 0.08% for ZSP. Performance-wise, ZAG has returned 0.9% year-to-date with +$611 M in net flows, whereas ZSP is at 10.41% with +$419 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
ZSP
| AuM | $12,743.80 M | $23,661.20 M |
| Management Fees | 0.08% | 0.08% |
| Exp. ratio | 0.09% | 0.09% |
| Tracking Difference | - | -0.22% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZAG | -0.07% | +0.02% | +0.90% | +3.02% | +13.55% |
ZSP | +2.18% | +12.21% | +10.41% | +26.91% | +86.05% | |
| Flows | ZAG | +$571 M | +$631 M | +$611 M | +$1,593 M | +$6,367 M |
ZSP | -$47 M | +$51 M | +$419 M | +$1,431 M | +$4,964 M |
ZAG vs ZSP exposure
Countries
ZAG
Canada
99.27%
ZSP
USA
97.06%
Sectors
ZAG
Municipal
28.61%
Sovereign
24.95%
Other
17.41%
Government agencies
9.35%
Other
19.68%
ZSP
Information Technology
36.41%
Communication Services
10.68%
Consumer Discretionary
10.06%
Financials
9.94%
Health Care
8.26%
Industrials
8.01%
Other
16.63%
As of June 8, 2026
Top 10 Holdings
ZAG
Canada, Bonds 3% 1jun2034, CAD
4.26%
Canada, Bond 2.25 1jun2029 10Y
3.59%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.92%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.65%
Canada, Bond 2.75 1dec2048 30Y
2.43%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.42%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.21%
Bank of Montreal, 3.19% 1mar2028, CAD
2.20%
Province of Ontario, 2.9% 2jun2028, CAD (DMTN238)
2.20%
CA135087T461
2.20%
ZSP
NVIDIA
8.33%
APPLE
6.50%
MICROSOFT-T
5.16%
AMAZON.COM INC
4.21%
ALPHABET INC-CL
3.33%
BROADCOM LIMITED
3.16%
ALPHABET INC-CL
2.67%
META PLATFORMS
2.40%
TESLA
1.72%
BERKSHIRE HATHWAY
1.44%
Diversification
ZAG
Total weight of top 10 holdings out of 88 total
27.07%
ZSP
Total weight of top 10 holdings out of 502 total
38.91%
Characteristics
Compare
ZAG
ZSP
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe Bond TR Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.44% | 0.76% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | November 14, 2012 |
Frequently asked questions about ZAG and ZSP
Which ETF has performed better year to date: ZAG or ZSP?
As of June 8, 2026, ZAG has returned 0.90% year to date, while ZSP has returned 10.41%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: ZAG or ZSP?
As of June 8, 2026, ZAG manages $12.74 B in assets, while ZSP manages $23.66 B. ZSP is the larger fund by AUM.
How are ZAG and ZSP managed?
ZAG is passively managed by BMO. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do ZAG and ZSP emphasize?
ZAG is most exposed to Municipal, Sovereign, and Government agencies. ZSP is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZAG or ZSP?
Year to date, ZAG has seen +$611.11 M in net flows, compared with +$418.96 M for ZSP. ZAG has attracted more net investor money so far.
How do the fees of ZAG and ZSP compare?
ZAG has an expense ratio of 0.09%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of ZAG and ZSP?
ZAG's largest holdings include Canada, Bonds 3% 1jun2034, CAD and Canada, Bond 2.25 1jun2029 10Y. ZSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: ZAG or ZSP?
ZAG holds 73 securities, while ZSP holds 477. On holdings count, ZSP is the more diversified portfolio.
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