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Compare BMO Mid Corporate Bond Index ETF (ZCM) vs iShares Canadian Corporate Bond Index ETF (XCB) to find the best fit for your portfolio. ZCM provides Finance, Energy, and Utilities exposures, while XCB is primarily weighted in Finance, Utilities, and Energy. When evaluating costs, ZCM features a management fee (MER) of 0.3%, compared to 0.15% for XCB. Performance-wise, ZCM has returned 0.53% year-to-date with +$90 M in net flows, whereas XCB is at 0.68% with +$1 B. 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
XCB
| AuM | $1,375.33 M | $3,860.86 M |
| Management Fees | 0.30% | 0.15% |
| Exp. ratio | 0.33% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCM | +0.54% | -0.48% | +0.53% | -0.06% | +23.73% |
XCB | +0.62% | -0.12% | +0.68% | +0.41% | +20.45% | |
| Flows | ZCM | -$109 M | -$84 M | +$90 M | +$117 M | +$893 M |
XCB | +$169 M | +$539 M | +$1,146 M | +$1,454 M | +$2,224 M |
ZCM vs XCB exposure
Countries
ZCM
Canada
84.16%
USA
12.64%
XCB
Canada
88.93%
USA
7.90%
Sectors
ZCM
Finance
34.91%
Energy
29.47%
Utilities
12.89%
Telecommunications
11.93%
Other
10.80%
XCB
Finance
42.96%
Utilities
14.92%
Energy
13.56%
Industrials
8.47%
Other
20.08%
As of October 23, 2026
Top 10 Holdings
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
6.13%
Enbridge, 3.1% 21sep2033, CAD
6.00%
TransCanada PipeLines, 4.575% 20feb2035, CAD
5.80%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.40%
TransCanada PipeLines, 5.33% 12may2032, CAD
4.77%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.76%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
4.52%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.50%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
4.19%
Bell Canada, 5.15% 24aug2034, CAD (M-63)
3.33%
XCB
Amazon.com, 5% 12jun2056, CAD
0.65%
Amazon.com, 4.35% 12jun2036, CAD
0.51%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.51%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.51%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.44%
CIBC, 3.65% 13jan2032, CAD
0.43%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.40%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.40%
Alphabet, 5% 15may2056, CAD
0.39%
Bank of Montreal, 4.709% 7dec2027, CAD
0.39%
Diversification
ZCM
Total weight of top 10 holdings out of 38 total
49.41%
XCB
Total weight of top 10 holdings out of 1,341 total
4.62%
Characteristics
Compare
ZCM
XCB
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Mid Term Corporate Bond Total Return Index - CAD | FTSE Canada All Corporate Bond TR 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 | November 6, 2006 |
Frequently asked questions about ZCM and XCB
Which ETF has performed better year to date: ZCM or XCB?
As of October 23, 2026, ZCM has returned 0.53% year to date, while XCB has returned 0.68%. XCB is ahead on YTD performance.
Which ETF is larger by assets under management: ZCM or XCB?
As of October 23, 2026, ZCM manages $1.38 B in assets, while XCB manages $3.86 B. XCB is the larger fund by AUM.
How are ZCM and XCB managed?
ZCM is passively managed by BMO. It tracks the FTSE Canada Mid Term Corporate Bond Total Return Index - CAD benchmark. XCB is passively managed by iShares. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark.
What sectors do ZCM and XCB emphasize?
ZCM is most exposed to Finance, Energy, and Utilities. XCB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: ZCM or XCB?
Year to date, ZCM has seen +$89.92 M in net flows, compared with +$1,146.07 M for XCB. XCB has attracted more net investor money so far.
How do the fees of ZCM and XCB compare?
ZCM has an expense ratio of 0.33%, while XCB has an expense ratio of 0.17%.
What are the top holdings of ZCM and XCB?
ZCM's largest holdings include Brookfield Finance II, 5.431% 14dec2032, CAD, Enbridge, 3.1% 21sep2033, CAD, and TransCanada PipeLines, 4.575% 20feb2035, CAD. XCB's top holdings include Amazon.com, 5% 12jun2056, CAD and Amazon.com, 4.35% 12jun2036, CAD.
Which ETF is more diversified: ZCM or XCB?
ZCM holds 38 securities, while XCB holds 1319. On holdings count, XCB is the more diversified portfolio.
Recent articles about ZCM and XCB
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