VS
BMO Canadian Equity Plus ETF (ZBEC) and Fidelity Long/Short Alternative Fund (FLSA) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZBEC focuses its top 3 sector exposures on Financials, Information Technology, and Energy, while FLSA leans towards Industrials, Financials, and Information Technology. When evaluating costs, ZBEC features a management fee (MER) of 0.51%, compared to 1.15% for FLSA. Performance-wise, ZBEC has returned 11.4% year-to-date with +$14 M in net flows, whereas FLSA is at 5.04% with +$21 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
ZBEC
FLSA
| AuM | $87.92 M | $244.64 M |
| Management Fees | 0.51% | 1.15% |
| Exp. ratio | 0.51% | 1.46% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZBEC | +4.69% | +14.15% | +11.40% | +32.67% | - |
FLSA | +2.07% | +7.92% | +5.04% | +13.30% | - | |
| Flows | ZBEC | -$4 M | -$2 M | +$14 M | +$70 M | - |
FLSA | +$4 M | -$2 M | +$21 M | +$7 M | - |
ZBEC vs FLSA exposure
Countries
ZBEC
Canada
51.59%
USA
46.03%
FLSA
USA
50.76%
Canada
28.84%
Other
14.52%
Sectors
ZBEC
Financials
22.13%
Information Technology
19.57%
Energy
10.13%
Industrials
8.42%
Consumer Discretionary
7.97%
Other
7.81%
Other
23.98%
FLSA
Industrials
15.81%
Other
14.52%
Financials
14.20%
Information Technology
12.29%
Communication Services
9.09%
Consumer Discretionary
7.79%
Other
26.30%
As of June 19, 2026
Top 10 Holdings
ZBEC
ROYAL BK CANADA
5.47%
ALPHABET INC-CL
5.05%
APPLE
5.04%
NVIDIA
3.63%
AGNICO EAGLE MINES LTD
3.45%
TORONTO DOMINION
3.44%
BK OF AMERICA CO
3.43%
AMAZON.COM INC
3.23%
SHOPIFY SUBORDINATE VOTING
3.07%
SUNCOR ENERGY
3.01%
FLSA
ALPHABET INC-CL
4.09%
ROYAL BK CANADA
3.35%
MICROSOFT-T
3.21%
TORONTO DOMINION
3.16%
FRANCO NEVADA
3.03%
RESTAURANT BRANDS INTL
2.93%
AGNICO EAGLE MINES LTD
2.91%
DOLLAR TREE
2.80%
AMAZON.COM INC
2.52%
CATERPILLAR
2.51%
Diversification
ZBEC
Total weight of top 10 holdings out of 49 total
38.82%
FLSA
Total weight of top 10 holdings out of 77 total
30.50%
Characteristics
Frequently asked questions about ZBEC and FLSA
Which ETF has performed better year to date: ZBEC or FLSA?
As of June 19, 2026, ZBEC has returned 11.40% year to date, while FLSA has returned 5.04%. ZBEC is ahead on YTD performance.
Which ETF is larger by assets under management: ZBEC or FLSA?
As of June 19, 2026, ZBEC manages $87.92 M in assets, while FLSA manages $244.64 M. FLSA is the larger fund by AUM.
How are ZBEC and FLSA managed?
ZBEC is actively managed by BMO. It does not track an index. FLSA is actively managed by Fidelity. It does not track an index.
What sectors do ZBEC and FLSA emphasize?
ZBEC is most exposed to Financials, Information Technology, and Energy. FLSA is most exposed to Industrials, Financials, and Information Technology.
Which ETF is attracting more investor flows: ZBEC or FLSA?
Year to date, ZBEC has seen +$14.19 M in net flows, compared with +$21.17 M for FLSA. FLSA has attracted more net investor money so far.
How do the fees of ZBEC and FLSA compare?
ZBEC has an expense ratio of 0.51%, while FLSA has an expense ratio of 1.46%.
What are the top holdings of ZBEC and FLSA?
ZBEC's largest holdings include ROYAL BK CANADA and ALPHABET INC-CL. FLSA's top holdings include ALPHABET INC-CL, ROYAL BK CANADA, and MICROSOFT-T.
Which ETF is more diversified: ZBEC or FLSA?
ZBEC holds 46 securities, while FLSA holds 77. On holdings count, FLSA is the more diversified portfolio.
Recent articles about ZBEC and FLSA
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