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 Technology, Finance, and Industrials, while XEQT leans towards Technology, Finance, 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 12.83% year-to-date with +$339 M in net flows, whereas XEQT is at 12.66% with +$6 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 | $890.17 M | $20,167.09 M |
| Management Fees | 0.18% | 0.18% |
| Exp. ratio | 0.20% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEQT | -0.91% | +5.18% | +12.83% | +25.61% | +77.75% |
XEQT | -0.35% | +4.92% | +12.66% | +25.15% | +77.94% | |
| Flows | ZEQT | +$60 M | +$177 M | +$339 M | +$508 M | +$713 M |
XEQT | +$1,144 M | +$3,079 M | +$6,272 M | +$8,917 M | +$14,240 M |
ZEQT vs XEQT exposure
Countries
ZEQT
USA
49.34%
Canada
22.94%
Other
27.72%
XEQT
USA
45.00%
Canada
24.26%
Other
30.74%
Sectors
ZEQT
Technology
29.46%
Finance
22.30%
Industrials
9.55%
Non-Energy Materials
7.63%
Consumer Non-Cyclicals
7.09%
Other
23.97%
XEQT
Technology
26.27%
Finance
23.51%
Industrials
10.50%
Non-Energy Materials
8.23%
Other
31.49%
As of July 17, 2026
Top 10 Holdings
ZEQT
NVIDIA Corp.
3.69%
Apple, Inc.
3.25%
Microsoft Corp.
2.25%
Amazon.com, Inc.
1.90%
Royal Bank of Canada
1.75%
Alphabet, Inc.
1.61%
Broadcom Inc.
1.43%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.42%
Alphabet, Inc.
1.28%
The Toronto-Dominion Bank
1.26%
XEQT
NVIDIA Corp.
3.17%
Apple, Inc.
2.83%
Microsoft Corp.
2.07%
Royal Bank of Canada
1.87%
Amazon.com, Inc.
1.63%
Alphabet, Inc.
1.37%
The Toronto-Dominion Bank
1.34%
Broadcom Inc.
1.31%
Alphabet, Inc.
1.09%
Shopify, Inc.
1.02%
Diversification
ZEQT
Total weight of top 10 holdings out of 5,532 total
19.86%
XEQT
Total weight of top 10 holdings out of 8,389 total
17.69%
Characteristics
Frequently asked questions about ZEQT and XEQT
Which ETF has performed better year to date: ZEQT or XEQT?
As of July 17, 2026, ZEQT has returned 12.83% year to date, while XEQT has returned 12.66%. ZEQT is ahead on YTD performance.
Which ETF is larger by assets under management: ZEQT or XEQT?
As of July 17, 2026, ZEQT manages $890.17 M in assets, while XEQT manages $20.17 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 Technology, Finance, and Industrials. XEQT is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: ZEQT or XEQT?
Year to date, ZEQT has seen +$339.14 M in net flows, compared with +$6,272.23 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 Corp., Apple, Inc., and Alphabet, Inc.. XEQT's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZEQT or XEQT?
ZEQT holds 5445 securities, while XEQT holds 8272. On holdings count, XEQT is the more diversified portfolio.
Recent articles about ZEQT and XEQT
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