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BMO MSCI All Country World High Quality Index ETF (ZGQ) and iShares MSCI USA Quality Factor Index ETF (XQLT) 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 XQLT leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, ZGQ features a management fee (MER) of 0.45%, compared to 0.3% for XQLT. Performance-wise, ZGQ has returned 14.41% year-to-date with +$50 M in net flows, whereas XQLT is at 13.42% with +$24 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
XQLT
| AuM | $1,265.32 M | $257.13 M |
| Management Fees | 0.45% | 0.30% |
| Exp. ratio | 0.50% | 0.32% |
| Tracking Difference | -0.54% | -0.25% |
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% |
XQLT | -2.52% | +3.07% | +13.42% | +19.18% | +66.28% | |
| Flows | ZGQ | +$5 M | +$13 M | +$50 M | +$50 M | +$491 M |
XQLT | +$1 M | +$3 M | +$24 M | +$21 M | +$111 M |
ZGQ vs XQLT exposure
Countries
ZGQ
USA
68.70%
Other
31.30%
XQLT
USA
93.40%
Sectors
ZGQ
Technology
50.90%
Healthcare
13.33%
Industrials
9.54%
Consumer Non-Cyclicals
9.06%
Finance
8.14%
Other
9.03%
XQLT
Technology
47.37%
Finance
12.81%
Consumer Non-Cyclicals
10.49%
Healthcare
9.10%
Other
20.23%
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%
XQLT
Apple, Inc.
7.18%
Microsoft Corp.
6.96%
NVIDIA Corp.
5.69%
The TJX Cos., Inc.
4.03%
Eli Lilly & Co.
3.69%
Meta Platforms, Inc.
3.57%
Lam Research Corp.
3.55%
Visa, Inc.
3.17%
Applied Materials, Inc.
3.07%
KLA Corp.
2.44%
Diversification
ZGQ
Total weight of top 10 holdings out of 498 total
38.67%
XQLT
Total weight of top 10 holdings out of 126 total
43.35%
Characteristics
Compare
ZGQ
XQLT
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI ACWI Quality Net Total Return Index - CAD | MSCI USA Sector Neutral Quality NTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.48% | 0.61% |
| Meets ESG criteria | No | No |
| Inception Date | November 5, 2014 | September 10, 2019 |
Frequently asked questions about ZGQ and XQLT
Which ETF has performed better year to date: ZGQ or XQLT?
As of September 3, 2026, ZGQ has returned 14.41% year to date, while XQLT has returned 13.42%. ZGQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZGQ or XQLT?
As of September 3, 2026, ZGQ manages $1.27 B in assets, while XQLT manages $257.13 M. ZGQ is the larger fund by AUM.
How are ZGQ and XQLT managed?
ZGQ is passively managed by BMO. It tracks the MSCI ACWI Quality Net Total Return Index - CAD benchmark. XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark.
What sectors do ZGQ and XQLT emphasize?
ZGQ is most exposed to Technology, Healthcare, and Industrials. XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: ZGQ or XQLT?
Year to date, ZGQ has seen +$50.21 M in net flows, compared with +$24.39 M for XQLT. ZGQ has attracted more net investor money so far.
How do the fees of ZGQ and XQLT compare?
ZGQ has an expense ratio of 0.50%, while XQLT has an expense ratio of 0.32%.
What are the top holdings of ZGQ and XQLT?
ZGQ's largest holdings include Apple, Inc., Microsoft Corp., and Taiwan Semiconductor Manufacturing Co., Ltd.. XQLT's top holdings include Apple, Inc., Microsoft Corp., and NVIDIA Corp..
Which ETF is more diversified: ZGQ or XQLT?
ZGQ holds 484 securities, while XQLT holds 125. On holdings count, ZGQ is the more diversified portfolio.
Recent articles about ZGQ and XQLT
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