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BMO US Dividend ETF (ZDY) and iShares Edge MSCI Min Vol USA Index ETF (XMS) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZDY focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while XMS leans towards Technology, Finance, and Healthcare. When evaluating costs, ZDY features a management fee (MER) of 0.3%, compared to 0.3% for XMS. Performance-wise, ZDY has returned 19.69% year-to-date with +$67 M in net flows, whereas XMS is at 8.04% with +$2 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
ZDY
XMS
| AuM | $891.37 M | $63.62 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.33% |
| Tracking Difference | - | -0.32% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDY | +1.07% | +2.33% | +19.69% | +19.78% | +78.53% |
XMS | +4.83% | +4.00% | +8.04% | +9.17% | +41.81% | |
| Flows | ZDY | -$15 M | -$12 M | +$67 M | +$67 M | +$163 M |
XMS | -$4 M | -$2 M | +$2 M | +$4 M | +$11 M |
ZDY vs XMS exposure
Countries
ZDY
USA
97.90%
XMS
USA
93.42%
Sectors
ZDY
Technology
34.98%
Finance
15.17%
Healthcare
12.05%
Consumer Non-Cyclicals
9.93%
Energy
7.74%
Other
20.13%
XMS
Technology
31.42%
Finance
14.50%
Healthcare
14.25%
Consumer Non-Cyclicals
10.67%
Other
29.15%
As of October 30, 2026
Top 10 Holdings
ZDY
Dell Technologies, Inc.
4.91%
Apple, Inc.
4.81%
AbbVie, Inc.
3.71%
Cisco Systems, Inc.
3.54%
NVIDIA Corp.
3.09%
Philip Morris International, Inc.
3.02%
Broadcom Inc.
2.78%
QUALCOMM, Inc.
2.78%
Chevron Corp.
2.41%
Microsoft Corp.
2.35%
XMS
CA46433S1083
99.99%
Diversification
ZDY
Total weight of top 10 holdings out of 96 total
33.40%
XMS
Total weight of top 10 holdings out of 173 total
99.99%
Characteristics
Compare
ZDY
XMS
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI USA Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD |
| Replication Method | - | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.51% | 1.08% |
| Meets ESG criteria | No | No |
| Inception Date | March 27, 2013 | April 5, 2016 |
Frequently asked questions about ZDY and XMS
Which ETF has performed better year to date: ZDY or XMS?
As of October 30, 2026, ZDY has returned 19.69% year to date, while XMS has returned 8.04%. ZDY is ahead on YTD performance.
Which ETF is larger by assets under management: ZDY or XMS?
As of October 30, 2026, ZDY manages $891.37 M in assets, while XMS manages $63.62 M. ZDY is the larger fund by AUM.
How are ZDY and XMS managed?
ZDY is actively managed by BMO. It does not track an index. XMS is passively managed by iShares. It tracks the MSCI USA Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD benchmark.
Which ETF is more diversified: ZDY or XMS?
ZDY holds 96 securities, while XMS holds 1. On holdings count, ZDY is the more diversified portfolio.
Which ETF is attracting more investor flows: ZDY or XMS?
Year to date, ZDY has seen +$67.14 M in net flows, compared with +$2.10 M for XMS. ZDY has attracted more net investor money so far.
How do the fees of ZDY and XMS compare?
ZDY has an expense ratio of 0.33%, while XMS has an expense ratio of 0.33%.
What sectors do ZDY and XMS emphasize?
ZDY is most exposed to Technology, Finance, and Healthcare. XMS is most exposed to Technology, Finance, and Healthcare.
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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.