VS
BMO Floating Rate High Yield ETF (ZFH) and Harvest Canadian T-Bill ETF (TBIL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZFH focuses its top 3 sector exposures on Sovereign, while TBIL leans towards Sovereign. When evaluating costs, ZFH features a management fee (MER) of 0.4%, compared to 0.1% for TBIL. Performance-wise, ZFH has returned 2.11% year-to-date with +$12 M in net flows, whereas TBIL is at 1.68% with +$99 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
ZFH
TBIL
| AuM | $268.48 M | $203.96 M |
| Management Fees | 0.40% | 0.10% |
| Exp. ratio | 0.44% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZFH | -0.67% | -0.41% | +2.11% | +4.15% | +28.99% |
TBIL | +0.18% | +0.55% | +1.68% | +2.15% | - | |
| Flows | ZFH | +$8 M | +$21 M | +$12 M | +$52 M | +$189 M |
TBIL | -$30 M | -$13 M | +$99 M | +$94 M | - |
ZFH vs TBIL exposure
Countries
ZFH
Canada
93.31%
TBIL
Canada
80.21%
Other
19.79%
Sectors
ZFH
Sovereign
93.31%
TBIL
Sovereign
80.21%
Other
19.79%
As of October 16, 2026
Top 10 Holdings
ZFH
Canada, Bills 0% 16dec2026, CAD (182D)
40.51%
Canada, Bills 0% 7oct2026, CAD (364D)
32.78%
Canada, Bills 0% 9sep2026, CAD (364D)
20.02%
TBIL
Canada, Bills 0% 9sep2026, CAD (364D)
33.92%
Canada, Bills 0% 7oct2026, CAD (364D)
16.92%
Canada, Bills 0% 4nov2026, CAD (364D)
14.42%
Canada, Bills 0% 21oct2026, CAD (182D)
14.38%
Canada, Bills 0% 18nov2026, CAD (182D)
0.58%
Diversification
ZFH
Total weight of top 10 holdings out of 3 total
93.31%
TBIL
Total weight of top 10 holdings out of 5 total
80.21%
Characteristics
Compare
ZFH
TBIL
| Provider | BMO | Harvest Portfolios Group |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.99% | 2.14% |
| Meets ESG criteria | No | No |
| Inception Date | February 14, 2014 | January 16, 2024 |
Frequently asked questions about ZFH and TBIL
Which ETF has performed better year to date: ZFH or TBIL?
As of October 16, 2026, ZFH has returned 2.11% year to date, while TBIL has returned 1.68%. ZFH is ahead on YTD performance.
Which ETF is larger by assets under management: ZFH or TBIL?
As of October 16, 2026, ZFH manages $268.48 M in assets, while TBIL manages $203.96 M. ZFH is the larger fund by AUM.
How are ZFH and TBIL managed?
ZFH is actively managed by BMO. It does not track an index. TBIL is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do ZFH and TBIL emphasize?
ZFH is most exposed to Sovereign. TBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: ZFH or TBIL?
Year to date, ZFH has seen +$12.41 M in net flows, compared with +$98.68 M for TBIL. TBIL has attracted more net investor money so far.
How do the fees of ZFH and TBIL compare?
ZFH has an expense ratio of 0.44%, while TBIL has an expense ratio of 0.11%.
What are the top holdings of ZFH and TBIL?
ZFH's largest holdings include Canada, Bills 0% 16dec2026, CAD (182D), Canada, Bills 0% 7oct2026, CAD (364D), and Canada, Bills 0% 9sep2026, CAD (364D). TBIL's top holdings include Canada, Bills 0% 9sep2026, CAD (364D), Canada, Bills 0% 7oct2026, CAD (364D), and Canada, Bills 0% 4nov2026, CAD (364D).
Which ETF is more diversified: ZFH or TBIL?
ZFH holds 3 securities, while TBIL holds 5. On holdings count, TBIL is the more diversified portfolio.
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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.