VS
Compare BMO S&P/TSX Capped Composite Index ETF (ZCN) vs Desjardins Canadian Equity Index ETF (DMEC) to find the best fit for your portfolio. ZCN and DMEC provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, ZCN features a management fee (MER) of 0.05%, compared to 0.05% for DMEC. Performance-wise, ZCN has returned 14.64% year-to-date with +$3 B in net flows, whereas DMEC is at 14.72% with +$754 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
ZCN
DMEC
| AuM | $18,346.16 M | $2,401.38 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.10% | -0.15% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCN | -1.33% | +2.96% | +14.64% | +24.30% | +89.32% |
DMEC | -1.25% | +3.09% | +14.72% | +24.52% | - | |
| Flows | ZCN | +$321 M | +$997 M | +$2,935 M | +$3,224 M | +$4,849 M |
DMEC | +$109 M | +$285 M | +$754 M | +$1,050 M | - |
ZCN vs DMEC exposure
Countries
ZCN
Canada
96.71%
DMEC
Canada
97.37%
Sectors
ZCN
Finance
41.85%
Energy
17.20%
Non-Energy Materials
15.79%
Industrials
8.16%
Other
16.99%
DMEC
Finance
41.97%
Energy
17.14%
Non-Energy Materials
16.19%
Industrials
7.77%
Other
16.93%
As of September 18, 2026
Top 10 Holdings
ZCN
Royal Bank of Canada
8.11%
The Toronto-Dominion Bank
5.53%
Shopify, Inc.
4.13%
Bank of Montreal
3.46%
Enbridge, Inc.
3.34%
Canadian Imperial Bank of Commerce
3.00%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.72%
Brookfield Corp.
2.48%
Suncor Energy, Inc.
2.18%
DMEC
Royal Bank of Canada
8.07%
The Toronto-Dominion Bank
5.55%
Shopify, Inc.
3.97%
Bank of Montreal
3.47%
Enbridge, Inc.
3.32%
Canadian Imperial Bank of Commerce
3.01%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.65%
Brookfield Corp.
2.53%
Suncor Energy, Inc.
2.18%
Diversification
ZCN
Total weight of top 10 holdings out of 219 total
37.94%
DMEC
Total weight of top 10 holdings out of 333 total
37.72%
Characteristics
Compare
ZCN
DMEC
| Provider | BMO | Desjardins Investments |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Composite Total Return Index - CAD | Solactive Canada Broad Market Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.00% | 1.68% |
| Meets ESG criteria | No | No |
| Inception Date | May 29, 2009 | April 18, 2024 |
Frequently asked questions about ZCN and DMEC
Which ETF has performed better year to date: ZCN or DMEC?
As of September 18, 2026, ZCN has returned 14.64% year to date, while DMEC has returned 14.72%. DMEC is ahead on YTD performance.
Which ETF is larger by assets under management: ZCN or DMEC?
As of September 18, 2026, ZCN manages $18.35 B in assets, while DMEC manages $2.40 B. ZCN is the larger fund by AUM.
How are ZCN and DMEC managed?
ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark. DMEC is passively managed by Desjardins Investments. It tracks the Solactive Canada Broad Market Index NTR - CAD benchmark.
What sectors do ZCN and DMEC emphasize?
ZCN is most exposed to Finance, Energy, and Non-Energy Materials. DMEC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZCN or DMEC?
Year to date, ZCN has seen +$2,934.90 M in net flows, compared with +$754.24 M for DMEC. ZCN has attracted more net investor money so far.
How do the fees of ZCN and DMEC compare?
ZCN has an expense ratio of 0.06%, while DMEC has an expense ratio of 0.06%.
What are the top holdings of ZCN and DMEC?
ZCN's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. DMEC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZCN or DMEC?
ZCN holds 219 securities, while DMEC holds 330. On holdings count, DMEC is the more diversified portfolio.
Recent articles about ZCN and DMEC
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.