VS
When evaluating costs, ZFN features a management fee (MER) of 0.75%, compared to 0.35% for FCMO. Performance-wise, ZFN has returned 2.96% year-to-date with -$19 M in net flows, whereas FCMO is at 21.83% with +$757 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
ZFN
FCMO
| AuM | $221.77 M | $2,495.77 M |
| Management Fees | 0.75% | 0.35% |
| Exp. ratio | 0.82% | 0.38% |
| Tracking Difference | - | -0.52% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZFN | -4.86% | -4.56% | -2.96% | +3.86% | +48.57% |
FCMO | +0.40% | +0.92% | +21.83% | +28.03% | +120.70% | |
| Flows | ZFN | -$16 M | -$17 M | -$19 M | -$68 M | +$21 M |
FCMO | +$74 M | +$230 M | +$757 M | +$1,106 M | +$1,852 M |
ZFN vs FCMO exposure
Countries
ZFN
USA
59.53%
Canada
30.45%
Other
10.01%
FCMO
Exposure data will be available soon
Sectors
ZFN
Finance
48.64%
Industrials
12.17%
Consumer Non-Cyclicals
11.29%
Healthcare
10.81%
Other
17.09%
FCMO
Exposure data will be available soon
As of September 3, 2026
Top 10 Holdings
ZFN
The Bank of New York Mellon Corp.
6.28%
Canadian Imperial Bank of Commerce
6.18%
Hydro One Ltd.
6.15%
Manulife Financial Corp.
6.14%
GE Aerospace
6.14%
Cisco Systems, Inc.
6.12%
The Goldman Sachs Group, Inc.
6.11%
CVS Health Corp.
6.10%
Morgan Stanley
6.04%
National Bank of Canada
6.04%
FCMO
Exposure data will be available soon
Diversification
ZFN
Total weight of top 10 holdings out of 17 total
61.29%
FCMO
Exposure data will be available soon
Characteristics
Compare
ZFN
FCMO
| Provider | BMO | Fidelity |
| Management | Actively managed | Passively managed |
| Benchmark | - | Fidelity Canada U.S. Momentum GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.51% | 0.31% |
| Meets ESG criteria | No | No |
| Inception Date | December 11, 2018 | June 10, 2020 |
Frequently asked questions about ZFN and FCMO
Which ETF has performed better year to date: ZFN or FCMO?
As of September 3, 2026, ZFN has returned -2.96% year to date, while FCMO has returned 21.83%. FCMO is ahead on YTD performance.
Which ETF is larger by assets under management: ZFN or FCMO?
As of September 3, 2026, ZFN manages $221.77 M in assets, while FCMO manages $2.50 B. FCMO is the larger fund by AUM.
How are ZFN and FCMO managed?
ZFN is actively managed by BMO. It does not track an index. FCMO is passively managed by Fidelity. It tracks the Fidelity Canada U.S. Momentum GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: ZFN or FCMO?
Year to date, ZFN has seen -$19.16 M in net flows, compared with +$757.06 M for FCMO. FCMO has attracted more net investor money so far.
How do the fees of ZFN and FCMO compare?
ZFN has an expense ratio of 0.82%, while FCMO has an expense ratio of 0.38%.
Recent articles about ZFN and FCMO
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