VS
Compare BMO Mid Corporate Bond Index ETF (ZCM) vs Vanguard Canadian Corporate Bond Index ETF (VCB) to find the best fit for your portfolio. ZCM and VCB provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, ZCM features a management fee (MER) of 0.3%, compared to 0.15% for VCB. Performance-wise, ZCM has returned 0.96% year-to-date with +$107 M in net flows, whereas VCB is at 0.55% with +$403 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
VCB
| AuM | $1,393.02 M | $920.52 M |
| Management Fees | 0.30% | 0.15% |
| Exp. ratio | 0.33% | 0.17% |
| Tracking Difference | - | -0.20% |
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% |
VCB | +0.88% | -0.59% | +0.55% | +0.47% | +22.01% | |
| Flows | ZCM | -$92 M | -$81 M | +$107 M | +$130 M | +$910 M |
VCB | +$50 M | +$77 M | +$403 M | +$485 M | +$654 M |
ZCM vs VCB exposure
Countries
ZCM
Canada
84.19%
USA
12.62%
VCB
Canada
82.07%
USA
11.86%
Sectors
ZCM
Finance
34.90%
Energy
29.49%
Utilities
12.86%
Telecommunications
11.96%
Other
10.78%
VCB
Finance
45.91%
Energy
13.08%
Utilities
11.28%
Telecommunications
8.21%
Other
21.53%
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%
VCB
Amazon.com, 5% 12jun2056, CAD
0.74%
Amazon.com, 4.35% 12jun2036, CAD
0.58%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.57%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.56%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
0.55%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.54%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.54%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
0.53%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.50%
Bank of Montreal, 4.709% 7dec2027, CAD
0.46%
Diversification
ZCM
Total weight of top 10 holdings out of 38 total
49.47%
VCB
Total weight of top 10 holdings out of 878 total
5.56%
Characteristics
Compare
ZCM
VCB
| Provider | BMO | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Mid Term Corporate Bond Total Return Index - CAD | Bloomberg Global Aggregate Canadian Credit Float Adjusted Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.42% | 4.26% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | January 31, 2017 |
Frequently asked questions about ZCM and VCB
Which ETF has performed better year to date: ZCM or VCB?
As of October 30, 2026, ZCM has returned 0.96% year to date, while VCB has returned 0.55%. ZCM is ahead on YTD performance.
Which ETF is larger by assets under management: ZCM or VCB?
As of October 30, 2026, ZCM manages $1.39 B in assets, while VCB manages $920.52 M. ZCM is the larger fund by AUM.
How are ZCM and VCB managed?
ZCM is passively managed by BMO. It tracks the FTSE Canada Mid Term Corporate Bond Total Return Index - CAD benchmark. VCB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit Float Adjusted Total Return Index - CAD benchmark.
What sectors do ZCM and VCB emphasize?
ZCM is most exposed to Finance, Energy, and Utilities. VCB is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: ZCM or VCB?
Year to date, ZCM has seen +$106.75 M in net flows, compared with +$402.99 M for VCB. VCB has attracted more net investor money so far.
How do the fees of ZCM and VCB compare?
ZCM has an expense ratio of 0.33%, while VCB has an expense ratio of 0.17%.
What are the top holdings of ZCM and VCB?
ZCM's largest holdings include Brookfield Finance II, 5.431% 14dec2032, CAD, Enbridge, 3.1% 21sep2033, CAD, and TransCanada PipeLines, 4.575% 20feb2035, CAD. VCB's top holdings include Amazon.com, 5% 12jun2056, CAD and Amazon.com, 4.35% 12jun2036, CAD.
Which ETF is more diversified: ZCM or VCB?
ZCM holds 38 securities, while VCB holds 843. On holdings count, VCB is the more diversified portfolio.
Recent articles about ZCM and VCB
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