VS
Compare BMO Short Corporate Bond Index ETF (ZCS) vs BMO Mid Corporate Bond Index ETF (ZCM) to find the best fit for your portfolio. ZCS provides Banks, Pipelines, and Communication services exposures, while ZCM is primarily weighted in Pipelines, Power, and Banks. When evaluating costs, ZCS features a management fee (MER) of 0.1%, compared to 0.3% for ZCM. Performance-wise, ZCS has returned 0.52% year-to-date with -$109 M in net flows, whereas ZCM is at 0.71% with +$93 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
ZCS
ZCM
| AuM | $4,187.29 M | $1,408.08 M |
| Management Fees | 0.10% | 0.30% |
| Exp. ratio | 0.11% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCS | +0.34% | -0.05% | +0.52% | +3.57% | +17.38% |
ZCM | +0.60% | -0.24% | +0.71% | +4.37% | +18.97% | |
| Flows | ZCS | +$66 M | +$135 M | -$109 M | +$148 M | +$2,831 M |
ZCM | +$122 M | +$161 M | +$93 M | +$97 M | +$792 M |
ZCS vs ZCM exposure
Countries
ZCS
Canada
100.00%
ZCM
Canada
99.37%
Sectors
ZCS
Banks
43.26%
Other
14.39%
Pipelines
13.21%
Other
29.14%
ZCM
Pipelines
30.02%
Power
14.74%
Banks
10.99%
Communication services
10.23%
Other financial institutions
10.04%
Real estate investment and services
8.24%
Other
15.75%
As of May 1, 2026
Top 10 Holdings
ZCS
Bank of Montreal, 4.709% 7dec2027, CAD
7.38%
Bank of Montreal, 3.19% 1mar2028, CAD
6.50%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
5.15%
CA779926QX54
5.09%
CIBC, 3.8% 10dec2030, CAD
4.34%
CA89116C3S44
4.29%
TransCanada PipeLines, 5.277% 15jul2030, CAD
3.81%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
3.71%
Royal Bank of Canada, 4.632% 1may2028, CAD
3.70%
RBC Capital Markets, 4% 17oct2030, CAD
3.64%
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
8.85%
Enbridge, 3.1% 21sep2033, CAD
7.19%
TransCanada PipeLines, 4.575% 20feb2035, CAD
6.43%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.41%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
5.16%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.74%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.51%
Inter Pipeline Ltd, 3.983% 25nov2031, CAD (12)
4.44%
TransCanada PipeLines, 5.33% 12may2032, CAD
4.08%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
3.67%
Diversification
ZCS
Total weight of top 10 holdings out of 40 total
47.60%
ZCM
Total weight of top 10 holdings out of 33 total
54.49%
Characteristics
Compare
ZCS
ZCM
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE TMX Canada Short Term Corporate Bond Index - CAD | FTSE Canada Mid Term Corporate Bond Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.89% | 4.25% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | January 19, 2010 |
Frequently asked questions about ZCS and ZCM
Which ETF has performed better year to date: ZCS or ZCM?
As of May 1, 2026, ZCS has returned 0.52% year to date, while ZCM has returned 0.71%. ZCM is ahead on YTD performance.
Which ETF is larger by assets under management: ZCS or ZCM?
As of May 1, 2026, ZCS manages $4.19 B in assets, while ZCM manages $1.41 B. ZCS is the larger fund by AUM.
How are ZCS and ZCM managed?
ZCS is passively managed by BMO. It tracks the FTSE TMX Canada Short Term Corporate Bond Index - CAD benchmark. ZCM is passively managed by BMO. It tracks the FTSE Canada Mid Term Corporate Bond Total Return Index - CAD benchmark.
What sectors do ZCS and ZCM emphasize?
ZCS is most exposed to Banks, Pipelines, and Communication services. ZCM is most exposed to Pipelines, Power, and Banks.
Which ETF is attracting more investor flows: ZCS or ZCM?
Year to date, ZCS has seen -$109.00 M in net flows, compared with +$92.55 M for ZCM. ZCM has attracted more net investor money so far.
How do the fees of ZCS and ZCM compare?
ZCS has an expense ratio of 0.11%, while ZCM has an expense ratio of 0.33%.
What are the top holdings of ZCS and ZCM?
ZCS's largest holdings include Bank of Montreal, 4.709% 7dec2027, CAD and Bank of Montreal, 3.19% 1mar2028, CAD. ZCM's top holdings include Brookfield Finance II, 5.431% 14dec2032, CAD, Enbridge, 3.1% 21sep2033, CAD, and TransCanada PipeLines, 4.575% 20feb2035, CAD.
Which ETF is more diversified: ZCS or ZCM?
ZCS holds 34 securities, while ZCM holds 30. On holdings count, ZCS is the more diversified portfolio.
Recent articles about ZCS and ZCM
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