VS
Compare BMO S&P/TSX Capped Composite Index ETF (ZCN) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. ZCN and XIC 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 XIC. Performance-wise, ZCN has returned 14.04% year-to-date with +$3 B in net flows, whereas XIC is at 16.62% with +$11 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
XIC
| AuM | $18,607.75 M | $37,208.30 M |
| Management Fees | 0.05% | 0.05% |
| Exp. ratio | 0.06% | 0.06% |
| Tracking Difference | -0.09% | -0.08% |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCN | +0.18% | -0.25% | +14.04% | +19.92% | +93.84% |
XIC | +2.47% | +2.02% | +16.62% | +24.69% | +99.07% | |
| Flows | ZCN | +$334 M | +$961 M | +$3,389 M | +$3,484 M | +$5,305 M |
XIC | +$1,146 M | +$4,386 M | +$11,401 M | +$12,602 M | +$17,522 M |
ZCN vs XIC exposure
Countries
ZCN
Canada
96.85%
XIC
Canada
96.55%
Sectors
ZCN
Finance
41.35%
Non-Energy Materials
18.49%
Energy
16.07%
Industrials
8.04%
Other
16.06%
XIC
Finance
41.17%
Non-Energy Materials
18.24%
Energy
16.19%
Industrials
8.03%
Other
16.38%
As of November 3, 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%
XIC
Royal Bank of Canada
7.73%
The Toronto-Dominion Bank
5.48%
Shopify, Inc.
5.07%
Bank of Montreal
3.32%
The Bank of Nova Scotia
3.14%
Enbridge, Inc.
2.92%
Canadian Imperial Bank of Commerce
2.85%
Canadian Natural Resources Ltd.
2.75%
Agnico Eagle Mines Ltd.
2.63%
Suncor Energy, Inc.
2.25%
Diversification
ZCN
Total weight of top 10 holdings out of 216 total
38.22%
XIC
Total weight of top 10 holdings out of 216 total
38.13%
Characteristics
Compare
ZCN
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Composite Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.03% | 1.94% |
| Meets ESG criteria | No | No |
| Inception Date | May 29, 2009 | February 16, 2001 |
Frequently asked questions about ZCN and XIC
Which ETF has performed better year to date: ZCN or XIC?
As of November 3, 2026, ZCN has returned 14.04% year to date, while XIC has returned 16.62%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZCN or XIC?
As of November 3, 2026, ZCN manages $18.61 B in assets, while XIC manages $37.21 B. XIC is the larger fund by AUM.
How are ZCN and XIC managed?
ZCN is passively managed by BMO. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZCN and XIC emphasize?
ZCN is most exposed to Finance, Non-Energy Materials, and Energy. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: ZCN or XIC?
Year to date, ZCN has seen +$3,389.04 M in net flows, compared with +$11,401.35 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZCN and XIC compare?
ZCN has an expense ratio of 0.06%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZCN and XIC?
ZCN's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZCN or XIC?
ZCN holds 216 securities, while XIC holds 216. On holdings count, ZCN is the more diversified portfolio.
Recent articles about ZCN and XIC
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.