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BMO MSCI All Country World High Quality Index ETF (ZGQ) and BMO MSCI World ESG Leaders Index ETF (ESGG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZGQ focuses its top 3 sector exposures on Technology, Healthcare, and Industrials, while ESGG leans towards Technology, Finance, and Healthcare. When evaluating costs, ZGQ features a management fee (MER) of 0.45%, compared to 0.25% for ESGG. Performance-wise, ZGQ has returned 14.41% year-to-date with +$50 M in net flows, whereas ESGG is at 14.7% with -$0 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
ZGQ
ESGG
| AuM | $1,265.32 M | $59.09 M |
| Management Fees | 0.45% | 0.25% |
| Exp. ratio | 0.50% | 0.28% |
| Tracking Difference | -0.54% | -0.24% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZGQ | -2.31% | +0.95% | +14.41% | +22.75% | +72.19% |
ESGG | -1.07% | +4.15% | +14.70% | +23.02% | +74.79% | |
| Flows | ZGQ | +$5 M | +$13 M | +$50 M | +$50 M | +$491 M |
ESGG | +$0 M | +$0 M | -$0 M | +$3 M | +$9 M |
ZGQ vs ESGG exposure
Countries
ZGQ
USA
68.70%
Other
31.30%
ESGG
USA
70.28%
Other
29.72%
Sectors
ZGQ
Technology
50.90%
Healthcare
13.33%
Industrials
9.54%
Consumer Non-Cyclicals
9.06%
Finance
8.14%
Other
9.03%
ESGG
Technology
36.78%
Finance
18.19%
Healthcare
10.13%
Industrials
9.45%
Consumer Non-Cyclicals
7.06%
Other
18.39%
As of September 3, 2026
Top 10 Holdings
ZGQ
Apple, Inc.
5.49%
Microsoft Corp.
5.31%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.92%
Broadcom Inc.
4.64%
NVIDIA Corp.
4.35%
Meta Platforms, Inc.
3.89%
Eli Lilly & Co.
2.95%
ASML Holding NV
2.48%
Alphabet, Inc.
2.37%
Visa, Inc.
2.28%
ESGG
NVIDIA Corp.
9.74%
Microsoft Corp.
6.89%
Alphabet, Inc.
4.20%
Alphabet, Inc.
3.34%
Eli Lilly & Co.
2.01%
Tesla, Inc.
1.88%
Advanced Micro Devices, Inc.
1.71%
ASML Holding NV
1.35%
Visa, Inc.
1.33%
Johnson & Johnson
1.33%
Diversification
ZGQ
Total weight of top 10 holdings out of 498 total
38.67%
ESGG
Total weight of top 10 holdings out of 654 total
33.80%
Characteristics
Compare
ZGQ
ESGG
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI ACWI Quality Net Total Return Index - CAD | MSCI World Selection NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.48% | 0.85% |
| Meets ESG criteria | No | Yes |
| Inception Date | November 5, 2014 | January 27, 2020 |
Frequently asked questions about ZGQ and ESGG
Which ETF has performed better year to date: ZGQ or ESGG?
As of September 3, 2026, ZGQ has returned 14.41% year to date, while ESGG has returned 14.70%. ESGG is ahead on YTD performance.
Which ETF is larger by assets under management: ZGQ or ESGG?
As of September 3, 2026, ZGQ manages $1.27 B in assets, while ESGG manages $59.09 M. ZGQ is the larger fund by AUM.
How are ZGQ and ESGG managed?
ZGQ is passively managed by BMO. It tracks the MSCI ACWI Quality Net Total Return Index - CAD benchmark. ESGG is passively managed by BMO. It tracks the MSCI World Selection NTR Index - CAD benchmark.
What sectors do ZGQ and ESGG emphasize?
ZGQ is most exposed to Technology, Healthcare, and Industrials. ESGG is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: ZGQ or ESGG?
Year to date, ZGQ has seen +$50.21 M in net flows, compared with -$0.07 M for ESGG. ZGQ has attracted more net investor money so far.
How do the fees of ZGQ and ESGG compare?
ZGQ has an expense ratio of 0.50%, while ESGG has an expense ratio of 0.28%.
What are the top holdings of ZGQ and ESGG?
ZGQ's largest holdings include Apple, Inc., Microsoft Corp., and Taiwan Semiconductor Manufacturing Co., Ltd.. ESGG's top holdings include NVIDIA Corp., Alphabet, Inc., and Microsoft Corp..
Which ETF is more diversified: ZGQ or ESGG?
ZGQ holds 484 securities, while ESGG holds 649. On holdings count, ESGG is the more diversified portfolio.
Recent articles about ZGQ and ESGG
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