VS
BMO Floating Rate High Yield ETF (ZFH) and BMO Long Federal Bond Index ETF (ZFL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZFH focuses its top 3 sector exposures on Sovereign, while ZFL leans towards Sovereign. When evaluating costs, ZFH features a management fee (MER) of 0.4%, compared to 0.2% for ZFL. Performance-wise, ZFH has returned 2.11% year-to-date with +$12 M in net flows, whereas ZFL is at 2.57% with +$180 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
ZFL
| AuM | $268.48 M | $1,376.74 M |
| Management Fees | 0.40% | 0.20% |
| Exp. ratio | 0.44% | 0.22% |
| 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% |
ZFL | +1.76% | -2.82% | -2.57% | -6.17% | +4.00% | |
| Flows | ZFH | +$8 M | +$21 M | +$12 M | +$52 M | +$189 M |
ZFL | +$76 M | +$123 M | +$180 M | -$1,402 M | -$1,154 M |
ZFH vs ZFL exposure
Countries
ZFH
Canada
93.31%
ZFL
Canada
100.00%
Sectors
ZFH
Sovereign
93.31%
ZFL
Sovereign
100.00%
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%
ZFL
Canada, Bond 2 1jan2051 30Y
21.12%
Canada, Bonds 2.75% 1dec2055, CAD
16.14%
Canada, Bonds 3.5% 1dec2057, CAD
15.61%
Canada, Bond 3.5 1dec2045 30Y
14.76%
Canada, Bond 4 1jun2041 30Y
12.42%
Canada, Bond 2.75 1dec2048 30Y
11.36%
Canada, Bond 1.75 1dec2053 30Y
8.59%
Diversification
ZFH
Total weight of top 10 holdings out of 3 total
93.31%
ZFL
Total weight of top 10 holdings out of 7 total
100.00%
Characteristics
Compare
ZFH
ZFL
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE TMX Canada Long Term Federal Bond TR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.99% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | February 14, 2014 | May 19, 2010 |
Frequently asked questions about ZFH and ZFL
Which ETF has performed better year to date: ZFH or ZFL?
As of October 16, 2026, ZFH has returned 2.11% year to date, while ZFL has returned -2.57%. ZFH is ahead on YTD performance.
Which ETF is larger by assets under management: ZFH or ZFL?
As of October 16, 2026, ZFH manages $268.48 M in assets, while ZFL manages $1.38 B. ZFL is the larger fund by AUM.
How are ZFH and ZFL managed?
ZFH is actively managed by BMO. It does not track an index. ZFL is passively managed by BMO. It tracks the FTSE TMX Canada Long Term Federal Bond TR Index - CAD benchmark.
What sectors do ZFH and ZFL emphasize?
ZFH is most exposed to Sovereign. ZFL is most exposed to Sovereign.
Which ETF is attracting more investor flows: ZFH or ZFL?
Year to date, ZFH has seen +$12.41 M in net flows, compared with +$180.23 M for ZFL. ZFL has attracted more net investor money so far.
How do the fees of ZFH and ZFL compare?
ZFH has an expense ratio of 0.44%, while ZFL has an expense ratio of 0.22%.
What are the top holdings of ZFH and ZFL?
ZFH's largest holdings include Canada, Bills 0% 16dec2026, CAD (182D), Canada, Bills 0% 7oct2026, CAD (364D), and Canada, Bills 0% 9sep2026, CAD (364D). ZFL's top holdings include Canada, Bond 2 1jan2051 30Y, Canada, Bonds 2.75% 1dec2055, CAD, and Canada, Bonds 3.5% 1dec2057, CAD.
Which ETF is more diversified: ZFH or ZFL?
ZFH holds 3 securities, while ZFL holds 7. On holdings count, ZFL is the more diversified portfolio.
Recent articles about ZFH and ZFL
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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.