VS
BMO SIA Focused Canadian Equity Fund ETF (ZFC) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZFC focuses its top 3 sector exposures on Industrials, Finance, and Energy, while XIC leans towards Finance, Non-Energy Materials, and Energy. When evaluating costs, ZFC features a management fee (MER) of 0.75%, compared to 0.05% for XIC. Performance-wise, ZFC has returned 22.01% year-to-date with -$8 M in net flows, whereas XIC is at 12.5% with +$7 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
ZFC
XIC
| AuM | $86.69 M | $31,310.89 M |
| Management Fees | 0.75% | 0.05% |
| Exp. ratio | 0.84% | 0.06% |
| Tracking Difference | - | -0.10% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZFC | +2.50% | +9.68% | +22.01% | +32.89% | +56.58% |
XIC | +0.59% | +3.22% | +12.50% | +31.70% | +89.28% | |
| Flows | ZFC | +$3 M | -$7 M | -$8 M | -$2 M | +$4 M |
XIC | +$820 M | +$1,912 M | +$6,530 M | +$7,821 M | +$12,618 M |
ZFC vs XIC exposure
Countries
ZFC
Canada
89.62%
Other
10.38%
XIC
Canada
96.41%
Sectors
ZFC
Industrials
30.83%
Finance
23.24%
Energy
22.36%
Other
23.57%
XIC
Finance
39.60%
Non-Energy Materials
18.18%
Energy
16.99%
Industrials
8.23%
Other
16.99%
As of July 17, 2026
Top 10 Holdings
ZFC
Exchange Income Corp.
6.67%
MDA Space Ltd.
6.62%
Aritzia, Inc.
6.38%
Finning International, Inc.
6.24%
TFI International, Inc.
6.20%
BlackBerry Ltd.
6.11%
AltaGas Ltd.
6.11%
Power Corp of Canada
5.90%
Tamarack Valley Energy Ltd.
5.88%
IGM Financial, Inc.
5.86%
XIC
Royal Bank of Canada
7.42%
The Toronto-Dominion Bank
5.32%
Shopify, Inc.
4.05%
Enbridge, Inc.
3.32%
Bank of Montreal
3.18%
Canadian Imperial Bank of Commerce
2.81%
Brookfield Corp.
2.78%
The Bank of Nova Scotia
2.74%
Canadian Natural Resources Ltd.
2.62%
Agnico Eagle Mines Ltd.
2.55%
Diversification
ZFC
Total weight of top 10 holdings out of 17 total
61.97%
XIC
Total weight of top 10 holdings out of 220 total
36.78%
Characteristics
Compare
ZFC
XIC
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.13% | 2.00% |
| Meets ESG criteria | No | No |
| Inception Date | December 11, 2018 | February 16, 2001 |
Frequently asked questions about ZFC and XIC
Which ETF has performed better year to date: ZFC or XIC?
As of July 17, 2026, ZFC has returned 22.01% year to date, while XIC has returned 12.50%. ZFC is ahead on YTD performance.
Which ETF is larger by assets under management: ZFC or XIC?
As of July 17, 2026, ZFC manages $86.69 M in assets, while XIC manages $31.31 B. XIC is the larger fund by AUM.
How are ZFC and XIC managed?
ZFC is actively managed by BMO. It does not track an index. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZFC and XIC emphasize?
ZFC is most exposed to Industrials, Finance, and Energy. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: ZFC or XIC?
Year to date, ZFC has seen -$7.55 M in net flows, compared with +$6,530.40 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZFC and XIC compare?
ZFC has an expense ratio of 0.84%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZFC and XIC?
ZFC's largest holdings include Exchange Income Corp., MDA Space Ltd., and Aritzia, Inc.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZFC or XIC?
ZFC holds 17 securities, while XIC holds 220. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZFC and XIC
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