BMO All-Equity ETF (ZEQT) and iShares Core Equity ETF (XEQT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZEQT focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while XEQT leans towards Information Technology, Financials, and Industrials. When evaluating costs, ZEQT features a management fee (MER) of 0.18%, compared to 0.18% for XEQT. Performance-wise, ZEQT has returned 11.92% year-to-date with +$229 M in net flows, whereas XEQT is at 11.62% 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
ZEQT
XEQT
| AuM | $776.47 M | $18,177.57 M |
| Management Fees | 0.18% | 0.18% |
| Exp. ratio | 0.20% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of May 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEQT | +5.16% | +5.82% | +11.92% | +31.71% | +81.67% |
XEQT | +5.16% | +5.16% | +11.62% | +30.59% | +81.56% | |
| Flows | ZEQT | +$49 M | +$144 M | +$229 M | +$444 M | +$605 M |
XEQT | +$864 M | +$2,446 M | +$4,307 M | +$7,539 M | +$12,374 M |
ZEQT vs XEQT exposure
Countries
ZEQT
USA
47.22%
Canada
24.97%
Other
27.81%
XEQT
USA
41.95%
Canada
26.03%
Other
32.02%
Sectors
ZEQT
Information Technology
21.46%
Financials
17.99%
Industrials
9.97%
Consumer Discretionary
8.04%
Energy
7.84%
Other
34.70%
XEQT
Information Technology
19.08%
Financials
18.45%
Industrials
10.70%
Energy
7.76%
Consumer Discretionary
7.73%
Other
7.44%
Other
28.84%
As of May 26, 2026
Top 10 Holdings
ZEQT
NVIDIA
3.31%
APPLE
2.98%
MICROSOFT-T
2.19%
ROYAL BK CANADA
1.69%
AMAZON.COM INC
1.62%
ALPHABET INC-CL
1.31%
TWN SEMICONT MAN
1.20%
TORONTO DOMINION
1.18%
BROADCOM LIMITED
1.15%
ALPHABET INC-CL
1.05%
XEQT
NVIDIA
2.89%
APPLE
2.54%
MICROSOFT-T
1.88%
ROYAL BK CANADA
1.76%
AMAZON.COM INC
1.39%
TORONTO DOMINION
1.22%
ALPHABET INC-CL
1.14%
SHOPIFY SUBORDINATE VOTING
1.13%
BROADCOM LIMITED
1.00%
ENBRIDGE
0.92%
Diversification
ZEQT
Total weight of top 10 holdings out of 5,551 total
17.68%
XEQT
Total weight of top 10 holdings out of 8,328 total
15.88%
Characteristics
Frequently asked questions about ZEQT and XEQT
Which ETF has performed better year to date: ZEQT or XEQT?
As of May 26, 2026, ZEQT has returned 11.92% year to date, while XEQT has returned 11.62%. ZEQT is ahead on YTD performance.
Which ETF is larger by assets under management: ZEQT or XEQT?
As of May 26, 2026, ZEQT manages $776.47 M in assets, while XEQT manages $18.18 B. XEQT is the larger fund by AUM.
How are ZEQT and XEQT managed?
ZEQT is actively managed by BMO. It does not track an index. XEQT is actively managed by iShares. It does not track an index.
What sectors do ZEQT and XEQT emphasize?
ZEQT is most exposed to Information Technology, Financials, and Industrials. XEQT is most exposed to Information Technology, Financials, and Industrials.
Which ETF is attracting more investor flows: ZEQT or XEQT?
Year to date, ZEQT has seen +$228.61 M in net flows, compared with +$4,306.52 M for XEQT. XEQT has attracted more net investor money so far.
How do the fees of ZEQT and XEQT compare?
ZEQT has an expense ratio of 0.20%, while XEQT has an expense ratio of 0.20%.
What are the top holdings of ZEQT and XEQT?
ZEQT's largest holdings include NVIDIA and APPLE. XEQT's top holdings include NVIDIA and APPLE.
Which ETF is more diversified: ZEQT or XEQT?
ZEQT holds 5143 securities, while XEQT holds 7453. On holdings count, XEQT is the more diversified portfolio.
Recent articles about ZEQT and XEQT
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