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 and ZCM provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, ZCS features a management fee (MER) of 0.1%, compared to 0.3% for ZCM. Performance-wise, ZCS has returned 1.06% year-to-date with +$358 M in net flows, whereas ZCM is at 0.36% with +$199 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 | $4,613.08 M | $1,487.43 M |
| Management Fees | 0.10% | 0.30% |
| Exp. ratio | 0.11% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCS | -0.45% | -0.41% | +1.06% | +1.81% | +18.50% |
ZCM | -0.76% | -1.86% | +0.36% | +0.75% | +22.05% | |
| Flows | ZCS | -$22 M | +$128 M | +$358 M | +$305 M | +$3,221 M |
ZCM | +$8 M | +$85 M | +$199 M | +$277 M | +$1,003 M |
ZCS vs ZCM exposure
Countries
ZCS
Canada
97.13%
ZCM
Canada
91.78%
Other
8.22%
Sectors
ZCS
Finance
65.66%
Energy
13.19%
Other
21.15%
ZCM
Finance
36.98%
Energy
29.75%
Utilities
13.50%
Telecommunications
13.41%
As of September 18, 2026
Top 10 Holdings
ZCS
Bank of Montreal, 3.19% 1mar2028, CAD
6.51%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
5.14%
Royal Bank of Canada, 3.985% 22jul2031, CAD
5.09%
CIBC, 3.8% 10dec2030, CAD
4.34%
Royal Bank of Canada, 4.14% 5may2036, CAD (31)
4.32%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
4.29%
TransCanada PipeLines, 5.277% 15jul2030, CAD
3.79%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
3.71%
Royal Bank of Canada, 4.632% 1may2028, CAD
3.69%
RBC Capital Markets, 4% 17oct2030, CAD
3.64%
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
8.18%
Enbridge, 3.1% 21sep2033, CAD
7.81%
TransCanada PipeLines, 4.575% 20feb2035, CAD
5.82%
TransCanada PipeLines, 5.33% 12may2032, CAD
5.45%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.41%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
5.17%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.77%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.52%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
4.20%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
3.24%
Diversification
ZCS
Total weight of top 10 holdings out of 46 total
44.53%
ZCM
Total weight of top 10 holdings out of 35 total
54.57%
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 | 4.03% | 4.41% |
| 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 September 18, 2026, ZCS has returned 1.06% year to date, while ZCM has returned 0.36%. ZCS is ahead on YTD performance.
Which ETF is larger by assets under management: ZCS or ZCM?
As of September 18, 2026, ZCS manages $4.61 B in assets, while ZCM manages $1.49 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 Finance, Energy, and Utilities. ZCM is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: ZCS or ZCM?
Year to date, ZCS has seen +$358.08 M in net flows, compared with +$199.14 M for ZCM. ZCS 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, 3.19% 1mar2028, CAD, Toronto-Dominion Bank, 4.477% 18jan2028, CAD, and Royal Bank of Canada, 3.985% 22jul2031, 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 46 securities, while ZCM holds 35. On holdings count, ZCS is the more diversified portfolio.
Recent articles about ZCS and ZCM
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.