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Compare BMO Equal Weight Global Gold Index ETF (ZGD) vs BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT) to find the best fit for your portfolio. ZGD provides Non-Energy Materials exposures, while ZMT is primarily weighted in Non-Energy Materials and Industrials. When evaluating costs, ZGD features a management fee (MER) of 0.55%, compared to 0.55% for ZMT. Performance-wise, ZGD has returned 19.89% year-to-date with +$75 M in net flows, whereas ZMT is at 21.44% with +$18 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
ZGD
ZMT
| AuM | $402.18 M | $81.87 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.63% | -0.54% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZGD | +3.74% | +12.22% | +19.89% | +58.65% | +370.46% |
ZMT | -5.09% | -8.48% | +21.44% | +55.83% | +135.87% | |
| Flows | ZGD | +$23 M | +$44 M | +$75 M | +$93 M | +$130 M |
ZMT | +$0 M | +$3 M | +$18 M | +$34 M | +$22 M |
ZGD vs ZMT exposure
Countries
ZGD
Canada
73.22%
USA
20.64%
ZMT
Canada
49.32%
USA
34.22%
Other
16.46%
Sectors
ZGD
Non-Energy Materials
100.00%
ZMT
Non-Energy Materials
97.67%
As of September 17, 2026
Top 10 Holdings
ZGD
Coeur Mining, Inc.
3.69%
Wesdome Gold Mines Ltd.
2.98%
Equinox Gold Corp.
2.95%
Montage Gold Corp.
2.93%
Centerra Gold, Inc.
2.65%
DPM Metals, Inc.
2.51%
Orezone Gold Corp.
2.50%
Southern Cross Gold Consolidated Ltd.
2.49%
Discovery Mining Ltd.
2.38%
SSR Mining, Inc.
2.37%
ZMT
Hudbay Minerals, Inc.
5.02%
Luxfer Holdings Plc
3.48%
Carpenter Technology Corp.
3.20%
Kaiser Aluminum Corp.
3.19%
Altius Minerals Corp.
3.12%
Compass Minerals International, Inc.
3.10%
Osisko Metals, Inc.
3.09%
Teck Resources Limited
3.03%
ATI, Inc.
2.97%
Nexa Resources SA
2.97%
Diversification
ZGD
Total weight of top 10 holdings out of 48 total
27.45%
ZMT
Total weight of top 10 holdings out of 40 total
33.16%
Characteristics
Compare
ZGD
ZMT
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Global Gold Index - CAD | Solactive Equal Weight Global Base Metals Canadian Dollar Hedged Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.18% | 0.17% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | October 20, 2009 |
Frequently asked questions about ZGD and ZMT
Which ETF has performed better year to date: ZGD or ZMT?
As of September 17, 2026, ZGD has returned 19.89% year to date, while ZMT has returned 21.44%. ZMT is ahead on YTD performance.
Which ETF is larger by assets under management: ZGD or ZMT?
As of September 17, 2026, ZGD manages $402.18 M in assets, while ZMT manages $81.87 M. ZGD is the larger fund by AUM.
How are ZGD and ZMT managed?
ZGD is passively managed by BMO. It tracks the Solactive Equal Weight Global Gold Index - CAD benchmark. ZMT is passively managed by BMO. It tracks the Solactive Equal Weight Global Base Metals Canadian Dollar Hedged Index - CAD benchmark.
What sectors do ZGD and ZMT emphasize?
ZGD is most exposed to Non-Energy Materials. ZMT is most exposed to Non-Energy Materials and Industrials.
Which ETF is attracting more investor flows: ZGD or ZMT?
Year to date, ZGD has seen +$75.40 M in net flows, compared with +$18.17 M for ZMT. ZGD has attracted more net investor money so far.
How do the fees of ZGD and ZMT compare?
ZGD has an expense ratio of 0.60%, while ZMT has an expense ratio of 0.61%.
What are the top holdings of ZGD and ZMT?
ZGD's largest holdings include Coeur Mining, Inc., Wesdome Gold Mines Ltd., and Equinox Gold Corp.. ZMT's top holdings include Hudbay Minerals, Inc., Luxfer Holdings Plc, and Carpenter Technology Corp..
Which ETF is more diversified: ZGD or ZMT?
ZGD holds 48 securities, while ZMT holds 40. On holdings count, ZGD is the more diversified portfolio.
Recent articles about ZGD and ZMT
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