VS
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 Pipelines, Power, and Banks exposures, while XCB is primarily weighted in Banks, Power, and Pipelines. When evaluating costs, ZCM features a management fee (MER) of 0.3%, compared to 0.15% for XCB. Performance-wise, ZCM has returned 1.12% year-to-date with +$60 M in net flows, whereas XCB is at 0.92% with +$419 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
XCB
| AuM | $1,386.80 M | $3,212.36 M |
| Management Fees | 0.30% | 0.15% |
| Exp. ratio | 0.33% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCM | +1.71% | +0.15% | +1.12% | +5.57% | +19.29% |
XCB | +1.52% | +0.03% | +0.92% | +4.74% | +17.65% | |
| Flows | ZCM | +$95 M | +$51 M | +$60 M | +$61 M | +$746 M |
XCB | +$96 M | +$354 M | +$419 M | +$1,082 M | +$1,406 M |
ZCM vs XCB exposure
Countries
ZCM
Canada
99.37%
XCB
Canada
99.13%
Sectors
ZCM
Pipelines
30.02%
Power
14.74%
Banks
10.99%
Communication services
10.23%
Other financial institutions
10.04%
Real estate investment and services
8.24%
Other
15.75%
XCB
Other
25.50%
Banks
16.56%
Power
11.30%
Pipelines
9.97%
Other
36.67%
As of April 24, 2026
Top 10 Holdings
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
8.85%
Enbridge, 3.1% 21sep2033, CAD
7.19%
TransCanada PipeLines, 4.575% 20feb2035, CAD
6.43%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.41%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
5.16%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.74%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.51%
Inter Pipeline Ltd, 3.983% 25nov2031, CAD (12)
4.44%
TransCanada PipeLines, 5.33% 12may2032, CAD
4.08%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
3.67%
XCB
CA06418Y4L93
0.56%
CA779926WF74
0.53%
CA89116C7J09
0.52%
CA13607QQT27
0.48%
CA06418YXB96
0.43%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.42%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.42%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.41%
Bank of Montreal, 4.709% 7dec2027, CAD
0.41%
Bank of Montreal, 3.19% 1mar2028, CAD
0.39%
Diversification
ZCM
Total weight of top 10 holdings out of 33 total
54.49%
XCB
Total weight of top 10 holdings out of 1,278 total
4.55%
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 | 4.17% | 4.14% |
| 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 April 24, 2026, ZCM has returned 1.12% year to date, while XCB has returned 0.92%. ZCM is ahead on YTD performance.
Which ETF is larger by assets under management: ZCM or XCB?
As of April 24, 2026, ZCM manages $1.39 B in assets, while XCB manages $3.21 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 Pipelines, Power, and Banks. XCB is most exposed to Banks, Power, and Pipelines.
Which ETF is attracting more investor flows: ZCM or XCB?
Year to date, ZCM has seen +$60.43 M in net flows, compared with +$418.75 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 Toronto-Dominion Bank, 4.21% 1jun2027, CAD and Royal Bank of Canada, 4.632% 1may2028, CAD.
Which ETF is more diversified: ZCM or XCB?
ZCM holds 30 securities, while XCB holds 1012. On holdings count, XCB is the more diversified portfolio.
Recent articles about ZCM and XCB
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