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BMO MSCI All Country World High Quality Index ETF (ZGQ) and Purpose Tactical Hedged Equity Fund ETF (PHE.B) 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 PHE.B leans towards Technology, Finance, and Industrials. When evaluating costs, ZGQ features a management fee (MER) of 0.45%, compared to 0.95% for PHE.B. Performance-wise, ZGQ has returned 14.41% year-to-date with +$50 M in net flows, whereas PHE.B is at 6.54% with -$13 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
PHE.B
| AuM | $1,265.32 M | $10.61 M |
| Management Fees | 0.45% | 0.95% |
| Exp. ratio | 0.50% | 0.94% |
| Tracking Difference | -0.54% | - |
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% |
PHE.B | -1.59% | +3.11% | +6.54% | +9.95% | +44.78% | |
| Flows | ZGQ | +$5 M | +$13 M | +$50 M | +$50 M | +$491 M |
PHE.B | +$0 M | +$4 M | -$13 M | -$13 M | -$8 M |
ZGQ vs PHE.B exposure
Countries
ZGQ
USA
68.70%
Other
31.30%
PHE.B
USA
93.27%
Sectors
ZGQ
Technology
50.90%
Healthcare
13.33%
Industrials
9.54%
Consumer Non-Cyclicals
9.06%
Finance
8.14%
Other
9.03%
PHE.B
Technology
44.95%
Finance
12.94%
Industrials
9.90%
Consumer Non-Cyclicals
9.86%
Healthcare
7.94%
Other
14.41%
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%
PHE.B
NVIDIA Corp.
8.44%
Apple, Inc.
8.10%
Alphabet, Inc.
7.11%
Microsoft Corp.
5.73%
Amazon.com, Inc.
3.85%
Broadcom Inc.
3.34%
Visa, Inc.
2.37%
JPMorgan Chase & Co.
2.29%
Eli Lilly & Co.
2.25%
Meta Platforms, Inc.
1.90%
Diversification
ZGQ
Total weight of top 10 holdings out of 498 total
38.67%
PHE.B
Total weight of top 10 holdings out of 81 total
45.38%
Characteristics
Compare
ZGQ
PHE.B
| Provider | BMO | Purpose Investments |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI ACWI Quality Net Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.48% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 5, 2014 | April 29, 2014 |
Frequently asked questions about ZGQ and PHE.B
Which ETF has performed better year to date: ZGQ or PHE.B?
As of September 3, 2026, ZGQ has returned 14.41% year to date, while PHE.B has returned 6.54%. ZGQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZGQ or PHE.B?
As of September 3, 2026, ZGQ manages $1.27 B in assets, while PHE.B manages $10.61 M. ZGQ is the larger fund by AUM.
How are ZGQ and PHE.B managed?
ZGQ is passively managed by BMO. It tracks the MSCI ACWI Quality Net Total Return Index - CAD benchmark. PHE.B is actively managed by Purpose Investments. It does not track an index.
What sectors do ZGQ and PHE.B emphasize?
ZGQ is most exposed to Technology, Healthcare, and Industrials. PHE.B is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: ZGQ or PHE.B?
Year to date, ZGQ has seen +$50.21 M in net flows, compared with -$12.97 M for PHE.B. ZGQ has attracted more net investor money so far.
How do the fees of ZGQ and PHE.B compare?
ZGQ has an expense ratio of 0.50%, while PHE.B has an expense ratio of 0.94%.
What are the top holdings of ZGQ and PHE.B?
ZGQ's largest holdings include Apple, Inc., Microsoft Corp., and Taiwan Semiconductor Manufacturing Co., Ltd.. PHE.B's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZGQ or PHE.B?
ZGQ holds 484 securities, while PHE.B holds 81. On holdings count, ZGQ is the more diversified portfolio.
Recent articles about ZGQ and PHE.B
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