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Compare BMO Mid Corporate Bond Index ETF (ZCM) vs TD Select Short Term Corporate Bond Ladder ETF (TCSB) to find the best fit for your portfolio. ZCM provides Finance, Energy, and Utilities exposures, while TCSB is primarily weighted in Finance, Energy, and Telecommunications. When evaluating costs, ZCM features a management fee (MER) of 0.3%, compared to 0.27% for TCSB. Performance-wise, ZCM has returned 0.96% year-to-date with +$107 M in net flows, whereas TCSB is at 1.19% with +$483 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
ZCM
TCSB
| AuM | $1,393.02 M | $983.56 M |
| Management Fees | 0.30% | 0.27% |
| Exp. ratio | 0.33% | 0.28% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCM | +1.15% | -0.57% | +0.96% | +0.48% | +23.89% |
TCSB | +0.51% | -0.10% | +1.19% | +1.09% | +17.42% | |
| Flows | ZCM | -$92 M | -$81 M | +$107 M | +$130 M | +$910 M |
TCSB | +$34 M | +$110 M | +$483 M | +$611 M | +$931 M |
ZCM vs TCSB exposure
Countries
ZCM
Canada
84.19%
USA
12.62%
TCSB
Canada
87.72%
USA
11.79%
Sectors
ZCM
Finance
34.90%
Energy
29.49%
Utilities
12.86%
Telecommunications
11.96%
Other
10.78%
TCSB
Finance
51.74%
Energy
15.34%
Telecommunications
11.23%
Utilities
8.98%
Other
12.71%
As of October 30, 2026
Top 10 Holdings
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
6.15%
Enbridge, 3.1% 21sep2033, CAD
6.02%
TransCanada PipeLines, 4.575% 20feb2035, CAD
5.79%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.42%
TransCanada PipeLines, 5.33% 12may2032, CAD
4.78%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.76%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
4.53%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.49%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
4.20%
Bell Canada, 5.15% 24aug2034, CAD (M-63)
3.34%
TCSB
Brookfield Infrastructure Partners, 3.7% 6jan2031, CAD (15)
2.54%
Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD
2.54%
National Bank of Canada, 5.279% 15feb2034, CAD
2.45%
RioCan REIT, 5.455% 1mar2031, CAD (AK)
2.36%
Royal Bank of Canada, 2.94% 3may2032, CAD (25)
2.32%
TELUS, 4.95% 18feb2031, CAD (CAP)
2.27%
National Bank of Canada, 5.426% 16aug2032, CAD
2.23%
Emera, 4.838% 2may2030, CAD (2023-1)
2.18%
Bank of Nova Scotia, 5.679% 2aug2033, CAD
2.18%
Primaris REIT, 4.468% 1mar2031, CAD
2.18%
Diversification
ZCM
Total weight of top 10 holdings out of 38 total
49.47%
TCSB
Total weight of top 10 holdings out of 111 total
23.27%
Characteristics
Compare
ZCM
TCSB
| Provider | BMO | TD Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada Mid Term Corporate Bond Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.42% | 3.08% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | November 14, 2018 |
Frequently asked questions about ZCM and TCSB
Which ETF has performed better year to date: ZCM or TCSB?
As of October 30, 2026, ZCM has returned 0.96% year to date, while TCSB has returned 1.19%. TCSB is ahead on YTD performance.
Which ETF is larger by assets under management: ZCM or TCSB?
As of October 30, 2026, ZCM manages $1.39 B in assets, while TCSB manages $983.56 M. ZCM is the larger fund by AUM.
How are ZCM and TCSB managed?
ZCM is passively managed by BMO. It tracks the FTSE Canada Mid Term Corporate Bond Total Return Index - CAD benchmark. TCSB is actively managed by TD Asset Management. It does not track an index.
What sectors do ZCM and TCSB emphasize?
ZCM is most exposed to Finance, Energy, and Utilities. TCSB is most exposed to Finance, Energy, and Telecommunications.
Which ETF is attracting more investor flows: ZCM or TCSB?
Year to date, ZCM has seen +$106.75 M in net flows, compared with +$483.31 M for TCSB. TCSB has attracted more net investor money so far.
How do the fees of ZCM and TCSB compare?
ZCM has an expense ratio of 0.33%, while TCSB has an expense ratio of 0.28%.
What are the top holdings of ZCM and TCSB?
ZCM's largest holdings include Brookfield Finance II, 5.431% 14dec2032, CAD, Enbridge, 3.1% 21sep2033, CAD, and TransCanada PipeLines, 4.575% 20feb2035, CAD. TCSB's top holdings include Brookfield Infrastructure Partners, 3.7% 6jan2031, CAD (15), Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD, and National Bank of Canada, 5.279% 15feb2034, CAD.
Which ETF is more diversified: ZCM or TCSB?
ZCM holds 38 securities, while TCSB holds 111. On holdings count, TCSB is the more diversified portfolio.
Recent articles about ZCM and TCSB
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