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Compare BMO Mid Corporate Bond Index ETF (ZCM) vs BMO Corporate Bond Index ETF (ZCB) to find the best fit for your portfolio. ZCM provides Finance, Energy, and Utilities exposures, while ZCB is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, ZCM features a management fee (MER) of 0.3%, compared to 0.15% for ZCB. Performance-wise, ZCM has returned 0.2% year-to-date with +$190 M in net flows, whereas ZCB is at 0.25% with +$458 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
ZCB
| AuM | $1,470.02 M | $2,113.16 M |
| Management Fees | 0.30% | 0.15% |
| Exp. ratio | 0.33% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCM | -1.22% | -2.38% | -0.20% | +0.21% | +21.24% |
ZCB | -0.92% | -2.08% | -0.25% | +0.35% | +17.84% | |
| Flows | ZCM | +$1 M | +$76 M | +$190 M | +$268 M | +$994 M |
ZCB | +$56 M | +$245 M | +$458 M | +$2,008 M | +$2,069 M |
ZCM vs ZCB exposure
Countries
ZCM
Canada
91.78%
Other
8.22%
ZCB
Canada
91.52%
USA
7.42%
Sectors
ZCM
Finance
36.98%
Energy
29.75%
Utilities
13.50%
Telecommunications
13.41%
ZCB
Finance
44.99%
Energy
21.96%
Industrials
8.33%
Other
24.73%
As of September 15, 2026
Top 10 Holdings
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
8.18%
Enbridge, 3.1% 21sep2033, CAD
7.81%
TransCanada PipeLines, 4.575% 20feb2035, CAD
5.82%
TransCanada PipeLines, 5.33% 12may2032, CAD
5.45%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.41%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
5.17%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.77%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.52%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
4.20%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
3.24%
ZCB
Royal Bank of Canada, 5.228% 24jun2030, CAD
4.54%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
4.47%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
4.32%
Alimentation Couche-Tard, 4.603% 25jan2029, CAD (8)
3.29%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
3.23%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
2.33%
Rogers Communications, 5.8% 21sep2030, CAD
2.29%
TransCanada PipeLines, 5.33% 12may2032, CAD
2.27%
Sun Life Financial, 5.5% 4jul2035, CAD (2023-1)
2.26%
Enbridge, 5.75% 2sep2039, CAD
2.25%
Diversification
ZCM
Total weight of top 10 holdings out of 35 total
54.57%
ZCB
Total weight of top 10 holdings out of 67 total
31.26%
Characteristics
Compare
ZCM
ZCB
| Provider | BMO | BMO |
| 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 | 4.44% | 4.22% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | March 2, 2018 |
Frequently asked questions about ZCM and ZCB
Which ETF has performed better year to date: ZCM or ZCB?
As of September 15, 2026, ZCM has returned -0.20% year to date, while ZCB has returned -0.25%. ZCM is ahead on YTD performance.
Which ETF is larger by assets under management: ZCM or ZCB?
As of September 15, 2026, ZCM manages $1.47 B in assets, while ZCB manages $2.11 B. ZCB is the larger fund by AUM.
How are ZCM and ZCB managed?
ZCM is passively managed by BMO. It tracks the FTSE Canada Mid Term Corporate Bond Total Return Index - CAD benchmark. ZCB is passively managed by BMO. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark.
What sectors do ZCM and ZCB emphasize?
ZCM is most exposed to Finance, Energy, and Utilities. ZCB is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: ZCM or ZCB?
Year to date, ZCM has seen +$189.99 M in net flows, compared with +$458.15 M for ZCB. ZCB has attracted more net investor money so far.
How do the fees of ZCM and ZCB compare?
ZCM has an expense ratio of 0.33%, while ZCB has an expense ratio of 0.17%.
What are the top holdings of ZCM and ZCB?
ZCM's largest holdings include Brookfield Finance II, 5.431% 14dec2032, CAD, Enbridge, 3.1% 21sep2033, CAD, and TransCanada PipeLines, 4.575% 20feb2035, CAD. ZCB's top holdings include Royal Bank of Canada, 5.228% 24jun2030, CAD, Toronto-Dominion Bank, 5.491% 8sep2028, CAD, and Bank of Nova Scotia, 4.442% 15nov2035, CAD.
Which ETF is more diversified: ZCM or ZCB?
ZCM holds 35 securities, while ZCB holds 67. On holdings count, ZCB is the more diversified portfolio.
Recent articles about ZCM and ZCB
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