VS
Compare BMO SIA Focused North American Equity Fund ETF (ZFN) vs TD International Equity Index ETF (TPE) to find the best fit for your portfolio. ZFN provides Finance, Industrials, and Consumer Non-Cyclicals exposures, while TPE is primarily weighted in Finance, Industrials, and Technology. When evaluating costs, ZFN features a management fee (MER) of 0.75%, compared to 0.17% for TPE. Performance-wise, ZFN has returned 2.96% year-to-date with -$19 M in net flows, whereas TPE is at 15.04% with +$1 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
ZFN
TPE
| AuM | $221.77 M | $5,769.95 M |
| Management Fees | 0.75% | 0.17% |
| Exp. ratio | 0.82% | 0.19% |
| Tracking Difference | - | -0.38% |
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% |
TPE | -0.58% | +4.29% | +15.04% | +23.60% | +69.10% | |
| Flows | ZFN | -$16 M | -$17 M | -$19 M | -$68 M | +$21 M |
TPE | +$114 M | +$333 M | +$1,266 M | +$1,622 M | +$3,271 M |
ZFN vs TPE exposure
Countries
ZFN
USA
59.53%
Canada
30.45%
Other
10.01%
TPE
Japan
25.65%
United Kingdom
13.62%
Switzerland
8.96%
Germany
8.21%
France
7.97%
Australia
7.13%
Other
28.46%
Sectors
ZFN
Finance
48.64%
Industrials
12.17%
Consumer Non-Cyclicals
11.29%
Healthcare
10.81%
Other
17.09%
TPE
Finance
28.00%
Industrials
16.10%
Technology
11.66%
Healthcare
9.77%
Consumer Non-Cyclicals
8.41%
Other
26.06%
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%
TPE
ASML Holding NV
2.78%
HSBC Holdings Plc
1.61%
Roche Holding AG
1.36%
Novartis AG
1.25%
Nestlé SA
1.14%
Shell Plc
1.13%
AstraZeneca PLC
1.13%
Mitsubishi UFJ Financial Group, Inc.
1.12%
Siemens AG
1.03%
BHP Group Ltd.
0.93%
Diversification
ZFN
Total weight of top 10 holdings out of 17 total
61.29%
TPE
Total weight of top 10 holdings out of 891 total
13.49%
Characteristics
Compare
ZFN
TPE
| Provider | BMO | TD Asset Management |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.51% | 2.09% |
| Meets ESG criteria | No | No |
| Inception Date | December 11, 2018 | March 22, 2016 |
Frequently asked questions about ZFN and TPE
Which ETF has performed better year to date: ZFN or TPE?
As of September 3, 2026, ZFN has returned -2.96% year to date, while TPE has returned 15.04%. TPE is ahead on YTD performance.
Which ETF is larger by assets under management: ZFN or TPE?
As of September 3, 2026, ZFN manages $221.77 M in assets, while TPE manages $5.77 B. TPE is the larger fund by AUM.
How are ZFN and TPE managed?
ZFN is actively managed by BMO. It does not track an index. TPE is passively managed by TD Asset Management. It tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD benchmark.
What sectors do ZFN and TPE emphasize?
ZFN is most exposed to Finance, Industrials, and Consumer Non-Cyclicals. TPE is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: ZFN or TPE?
Year to date, ZFN has seen -$19.16 M in net flows, compared with +$1,265.71 M for TPE. TPE has attracted more net investor money so far.
How do the fees of ZFN and TPE compare?
ZFN has an expense ratio of 0.82%, while TPE has an expense ratio of 0.19%.
What are the top holdings of ZFN and TPE?
ZFN's largest holdings include The Bank of New York Mellon Corp., Canadian Imperial Bank of Commerce, and Hydro One Ltd.. TPE's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: ZFN or TPE?
ZFN holds 17 securities, while TPE holds 875. On holdings count, TPE is the more diversified portfolio.
Recent articles about ZFN and TPE
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