VS
Compare BMO SIA Focused North American Equity Fund ETF (ZFN) vs BMO MSCI EAFE Index ETF (ZEA) to find the best fit for your portfolio. ZFN provides Finance, Industrials, and Consumer Non-Cyclicals exposures, while ZEA is primarily weighted in Finance, Industrials, and Technology. When evaluating costs, ZFN features a management fee (MER) of 0.75%, compared to 0.2% for ZEA. Performance-wise, ZFN has returned 2.96% year-to-date with -$19 M in net flows, whereas ZEA is at 14.86% with +$842 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
ZEA
| AuM | $221.77 M | $13,687.40 M |
| Management Fees | 0.75% | 0.20% |
| Exp. ratio | 0.82% | 0.22% |
| Tracking Difference | - | -0.84% |
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% |
ZEA | -1.24% | +4.44% | +14.86% | +22.78% | +68.05% | |
| Flows | ZFN | -$16 M | -$17 M | -$19 M | -$68 M | +$21 M |
ZEA | +$123 M | +$952 M | +$842 M | +$977 M | +$2,704 M |
ZFN vs ZEA exposure
Countries
ZFN
USA
59.53%
Canada
30.45%
Other
10.01%
ZEA
Japan
24.83%
United Kingdom
13.76%
Switzerland
9.26%
France
8.16%
Germany
8.11%
Australia
7.06%
Other
28.81%
Sectors
ZFN
Finance
48.64%
Industrials
12.17%
Consumer Non-Cyclicals
11.29%
Healthcare
10.81%
Other
17.09%
ZEA
Finance
27.51%
Industrials
16.24%
Technology
11.83%
Healthcare
9.39%
Consumer Non-Cyclicals
8.12%
Non-Energy Materials
7.46%
Other
19.45%
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%
ZEA
ASML Holding NV
2.51%
HSBC Holdings Plc
1.42%
Roche Holding AG
1.20%
Novartis AG
1.12%
Nestlé SA
1.03%
AstraZeneca PLC
1.01%
Shell Plc
0.98%
Siemens AG
0.94%
Mitsubishi UFJ Financial Group, Inc.
0.92%
BHP Group Ltd.
0.82%
Diversification
ZFN
Total weight of top 10 holdings out of 17 total
61.29%
ZEA
Total weight of top 10 holdings out of 2,608 total
11.96%
Characteristics
Compare
ZFN
ZEA
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI EAFE Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.51% | 1.88% |
| Meets ESG criteria | No | No |
| Inception Date | December 11, 2018 | February 10, 2014 |
Frequently asked questions about ZFN and ZEA
Which ETF has performed better year to date: ZFN or ZEA?
As of September 3, 2026, ZFN has returned -2.96% year to date, while ZEA has returned 14.86%. ZEA is ahead on YTD performance.
Which ETF is larger by assets under management: ZFN or ZEA?
As of September 3, 2026, ZFN manages $221.77 M in assets, while ZEA manages $13.69 B. ZEA is the larger fund by AUM.
How are ZFN and ZEA managed?
ZFN is actively managed by BMO. It does not track an index. ZEA is passively managed by BMO. It tracks the MSCI EAFE Net Total Return Index - CAD benchmark.
What sectors do ZFN and ZEA emphasize?
ZFN is most exposed to Finance, Industrials, and Consumer Non-Cyclicals. ZEA is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: ZFN or ZEA?
Year to date, ZFN has seen -$19.16 M in net flows, compared with +$842.07 M for ZEA. ZEA has attracted more net investor money so far.
How do the fees of ZFN and ZEA compare?
ZFN has an expense ratio of 0.82%, while ZEA has an expense ratio of 0.22%.
What are the top holdings of ZFN and ZEA?
ZFN's largest holdings include The Bank of New York Mellon Corp., Canadian Imperial Bank of Commerce, and Hydro One Ltd.. ZEA's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: ZFN or ZEA?
ZFN holds 17 securities, while ZEA holds 2589. On holdings count, ZEA is the more diversified portfolio.
Recent articles about ZFN and ZEA
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