VS
Compare BMO S&P/TSX Capped Composite Index ETF (ZCN) vs Vanguard FTSE Canada All Cap Index ETF (VCN) to find the best fit for your portfolio. ZCN and VCN provide the same top sector exposures: Finance, Non-Energy Materials, and Energy. When evaluating costs, ZCN features a management fee (MER) of 0.05%, compared to 0.05% for VCN. Performance-wise, ZCN has returned 14.87% year-to-date with +$3 B in net flows, whereas VCN is at 14.64% with +$4 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
ZCN
VCN
| AuM | $18,790.76 M | $18,230.87 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.09% | -0.05% |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCN | +0.51% | -0.46% | +14.87% | +22.43% | +96.04% |
VCN | +0.48% | -0.49% | +14.64% | +21.91% | +95.83% | |
| Flows | ZCN | +$354 M | +$985 M | +$3,437 M | +$3,510 M | +$5,353 M |
VCN | +$415 M | +$1,007 M | +$3,652 M | +$4,142 M | +$6,734 M |
ZCN vs VCN exposure
Countries
ZCN
Canada
96.85%
VCN
Canada
96.66%
Sectors
ZCN
Finance
41.35%
Non-Energy Materials
18.49%
Energy
16.07%
Industrials
8.04%
Other
16.06%
VCN
Finance
41.92%
Non-Energy Materials
18.24%
Energy
16.33%
Industrials
7.72%
Other
15.79%
As of November 6, 2026
Top 10 Holdings
ZCN
Royal Bank of Canada
7.79%
The Toronto-Dominion Bank
5.50%
Shopify, Inc.
5.03%
Bank of Montreal
3.34%
The Bank of Nova Scotia
3.17%
Enbridge, Inc.
2.92%
Canadian Imperial Bank of Commerce
2.87%
Canadian Natural Resources Ltd.
2.73%
Agnico Eagle Mines Ltd.
2.65%
Suncor Energy, Inc.
2.22%
VCN
Royal Bank of Canada
7.89%
The Toronto-Dominion Bank
5.55%
Shopify, Inc.
5.20%
Bank of Montreal
3.39%
The Bank of Nova Scotia
3.21%
Enbridge, Inc.
2.96%
Canadian Imperial Bank of Commerce
2.90%
Canadian Natural Resources Ltd.
2.75%
Agnico Eagle Mines Ltd.
2.67%
Suncor Energy, Inc.
2.31%
Diversification
ZCN
Total weight of top 10 holdings out of 216 total
38.22%
VCN
Total weight of top 10 holdings out of 217 total
38.83%
Characteristics
Compare
ZCN
VCN
| Provider | BMO | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Composite Total Return Index - CAD | FTSE Canada All Cap Domestic Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.01% | 2.02% |
| Meets ESG criteria | No | No |
| Inception Date | May 29, 2009 | August 2, 2013 |
Frequently asked questions about ZCN and VCN
Which ETF has performed better year to date: ZCN or VCN?
As of November 6, 2026, ZCN has returned 14.87% year to date, while VCN has returned 14.64%. ZCN is ahead on YTD performance.
Which ETF is larger by assets under management: ZCN or VCN?
As of November 6, 2026, ZCN manages $18.79 B in assets, while VCN manages $18.23 B. ZCN is the larger fund by AUM.
How are ZCN and VCN managed?
ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark. VCN is passively managed by Vanguard. It tracks the FTSE Canada All Cap Domestic Total Return Index - CAD benchmark.
What sectors do ZCN and VCN emphasize?
ZCN is most exposed to Finance, Non-Energy Materials, and Energy. VCN is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: ZCN or VCN?
Year to date, ZCN has seen +$3,437.22 M in net flows, compared with +$3,651.55 M for VCN. VCN has attracted more net investor money so far.
How do the fees of ZCN and VCN compare?
ZCN has an expense ratio of 0.06%, while VCN has an expense ratio of 0.06%.
What are the top holdings of ZCN and VCN?
ZCN's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. VCN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZCN or VCN?
ZCN holds 216 securities, while VCN holds 216. On holdings count, ZCN is the more diversified portfolio.
Recent articles about ZCN and VCN
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