BMO BBB CLO ETF (ZBBZ) and RBC AAA CLO (CAD Hedged) ETF (RCLO) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZBBZ focuses its top 3 sector exposures on Industrials, Finance, and Non-Corporate, while RCLO leans towards Finance and Industrials. When evaluating costs, ZBBZ features a management fee (MER) of 0.45%, compared to 0.39% for RCLO. Performance-wise, ZBBZ has returned 3.86% year-to-date with -$4 M in net flows, whereas RCLO is at 2.52% with +$19 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
| AuM | $3.69 M | $80.69 M |
| Management Fees | 0.45% | 0.39% |
| Exp. ratio | 0.45% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZBBZ | -1.12% | +0.98% | +3.86% | - | - |
RCLO | +0.37% | +0.97% | +2.52% | +3.56% | - | |
| Flows | ZBBZ | -$3 M | +$0 M | -$4 M | - | - |
RCLO | +$2 M | +$3 M | +$19 M | +$36 M | - |
ZBBZ vs RCLO exposure
Countries
Sectors
Top 10 Holdings
Diversification
Characteristics
| Provider | BMO | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 5.01% |
| Meets ESG criteria | No | No |
| Inception Date | September 9, 2025 | April 25, 2025 |
Frequently asked questions about ZBBZ and RCLO
Which ETF has performed better year to date: ZBBZ or RCLO?
Which ETF is larger by assets under management: ZBBZ or RCLO?
How are ZBBZ and RCLO managed?
What sectors do ZBBZ and RCLO emphasize?
Which ETF is attracting more investor flows: ZBBZ or RCLO?
How do the fees of ZBBZ and RCLO compare?
What are the top holdings of ZBBZ and RCLO?
Which ETF is more diversified: ZBBZ or RCLO?
Recent articles about ZBBZ and RCLO
New: Actively managed CLO exposure for Canadian investors with RCLO
The RBC iShares alliance is expanding its lineup with RCLO, bringing access to collateralized loan obligations (CLOs) to Canadian investors. The Fund aims to deliver higher yields with improved credit quality by investing primarily in AAA-rated CLOs.
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