VS
BMO MSCI EAFE Small-Mid Cap Index ETF (ZESM) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZESM focuses its top 3 sector exposures on Finance, Industrials, and Non-Energy Materials, while ZSP leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, ZESM features a management fee (MER) of 0.35%, compared to 0.08% for ZSP. 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
ZESM
ZSP
| AuM | $387.15 M | $23,773.31 M |
| Management Fees | 0.35% | 0.08% |
| Exp. ratio | 0.35% | 0.09% |
| Tracking Difference | -0.10% | -0.10% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZESM | -1.22% | +0.40% | - | - | - |
ZSP | -0.20% | +7.33% | +11.75% | +21.86% | +80.75% | |
| Flows | ZESM | +$33 M | +$383 M | - | - | - |
ZSP | -$338 M | +$44 M | +$285 M | +$842 M | +$4,796 M |
ZESM vs ZSP exposure
Countries
ZESM
Japan
35.82%
United Kingdom
11.95%
Australia
10.23%
Other
42.00%
ZSP
USA
97.86%
Sectors
ZESM
Finance
22.76%
Industrials
19.29%
Non-Energy Materials
12.69%
Technology
11.33%
Consumer Cyclicals
7.53%
Other
26.42%
ZSP
Technology
46.52%
Finance
12.65%
Consumer Non-Cyclicals
9.38%
Healthcare
8.23%
Industrials
7.68%
Other
15.54%
As of July 17, 2026
Top 10 Holdings
ZESM
Diploma Plc
0.34%
Kokusai Electric Corp.
0.31%
Taiyo Yuden Co., Ltd.
0.30%
ROHM Co., Ltd.
0.29%
YASKAWA Electric Corp.
0.28%
BlueScope Steel Ltd.
0.27%
Beazley Plc
0.27%
Niterra Co., Ltd.
0.26%
Accelleron Industries AG
0.25%
Mineral Resources Ltd.
0.25%
ZSP
NVIDIA Corp.
8.04%
Apple, Inc.
7.08%
Microsoft Corp.
4.89%
Amazon.com, Inc.
4.14%
Alphabet, Inc.
3.51%
Broadcom Inc.
3.12%
Alphabet, Inc.
2.79%
Meta Platforms, Inc.
2.15%
Tesla, Inc.
1.92%
Micron Technology, Inc.
1.61%
Diversification
ZESM
Total weight of top 10 holdings out of 2,061 total
2.83%
ZSP
Total weight of top 10 holdings out of 502 total
39.24%
Characteristics
Compare
ZESM
ZSP
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE SMID Cap Index NET - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | February 3, 2026 | November 14, 2012 |
Frequently asked questions about ZESM and ZSP
Which ETF is larger by assets under management: ZESM or ZSP?
As of July 17, 2026, ZESM manages $387.15 M in assets, while ZSP manages $23.77 B. ZSP is the larger fund by AUM.
How are ZESM and ZSP managed?
ZESM is passively managed by BMO. It tracks the MSCI EAFE SMID Cap Index NET - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do ZESM and ZSP emphasize?
ZESM is most exposed to Finance, Industrials, and Non-Energy Materials. ZSP is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
How do the fees of ZESM and ZSP compare?
ZESM has an expense ratio of 0.35%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of ZESM and ZSP?
ZESM's largest holdings include Diploma Plc, Kokusai Electric Corp., and Taiyo Yuden Co., Ltd.. ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZESM or ZSP?
ZESM holds 2051 securities, while ZSP holds 499. On holdings count, ZESM is the more diversified portfolio.
Recent articles about ZESM and ZSP
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