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: Financials, Energy, and Materials. When evaluating costs, ZCN features a management fee (MER) of 0.05%, compared to 0.05% for DMEC. Performance-wise, ZCN has returned 7.66% year-to-date with +$2 B in net flows, whereas DMEC is at 7.63% with +$287 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 | $16,011.11 M | $1,810.68 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.12% | -0.31% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCN | +2.98% | +5.90% | +7.66% | +39.93% | +78.92% |
DMEC | +3.12% | +5.17% | +7.63% | +39.95% | - | |
| Flows | ZCN | +$435 M | +$1,148 M | +$1,567 M | +$2,427 M | +$3,886 M |
DMEC | +$94 M | +$286 M | +$287 M | +$788 M | - |
ZCN vs DMEC exposure
Countries
ZCN
Canada
99.28%
DMEC
Canada
99.89%
Sectors
ZCN
Financials
28.26%
Energy
18.52%
Materials
15.49%
Other
12.55%
Other
25.19%
DMEC
Financials
28.31%
Energy
17.98%
Materials
16.28%
Other
13.21%
Other
24.21%
As of May 1, 2026
Top 10 Holdings
ZCN
ROYAL BK CANADA
6.73%
TORONTO DOMINION
4.69%
SHOPIFY SUBORDINATE VOTING
4.18%
ENBRIDGE
3.61%
CDN NATURAL RESOURCE
3.14%
AGNICO EAGLE MINES LTD
2.94%
BANK OF MONTREAL
2.83%
CA11271J1075
2.60%
CDN IMPERIAL BK
2.60%
BNS
2.53%
DMEC
ROYAL BK CANADA
6.70%
TORONTO DOMINION
4.66%
SHOPIFY SUBORDINATE VOTING
4.13%
ENBRIDGE
3.50%
AGNICO EAGLE MINES LTD
3.02%
CDN NATURAL RESOURCE
2.94%
BANK OF MONTREAL
2.84%
CA11271J1075
2.65%
CDN IMPERIAL BK
2.60%
BNS
2.54%
Diversification
ZCN
Total weight of top 10 holdings out of 221 total
35.84%
DMEC
Total weight of top 10 holdings out of 320 total
35.57%
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 | 2.09% | 1.96% |
| 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 May 1, 2026, ZCN has returned 7.66% year to date, while DMEC has returned 7.63%. ZCN is ahead on YTD performance.
Which ETF is larger by assets under management: ZCN or DMEC?
As of May 1, 2026, ZCN manages $16.01 B in assets, while DMEC manages $1.81 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 Financials, Energy, and Materials. DMEC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: ZCN or DMEC?
Year to date, ZCN has seen +$1,567.19 M in net flows, compared with +$287.44 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 BK CANADA and TORONTO DOMINION. DMEC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: ZCN or DMEC?
ZCN holds 193 securities, while DMEC holds 270. On holdings count, DMEC is the more diversified portfolio.
Recent articles about ZCN and DMEC
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