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BMO MSCI All Country World High Quality Index ETF (ZGQ) and BMO MSCI USA High Quality Index ETF (ZUQ) 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 ZUQ leans towards Technology, Healthcare, and Consumer Non-Cyclicals. When evaluating costs, ZGQ features a management fee (MER) of 0.45%, compared to 0.3% for ZUQ. Performance-wise, ZGQ has returned 14.41% year-to-date with +$50 M in net flows, whereas ZUQ is at 13.35% with -$85 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
ZUQ
| AuM | $1,265.32 M | $1,292.22 M |
| Management Fees | 0.45% | 0.30% |
| Exp. ratio | 0.50% | 0.33% |
| Tracking Difference | -0.54% | -0.15% |
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% |
ZUQ | -2.04% | +3.75% | +13.35% | +21.01% | +73.90% | |
| Flows | ZGQ | +$5 M | +$13 M | +$50 M | +$50 M | +$491 M |
ZUQ | -$11 M | +$5 M | -$85 M | -$75 M | +$282 M |
ZGQ vs ZUQ exposure
Countries
ZGQ
USA
68.70%
Other
31.30%
ZUQ
USA
96.36%
Sectors
ZGQ
Technology
50.90%
Healthcare
13.33%
Industrials
9.54%
Consumer Non-Cyclicals
9.06%
Finance
8.14%
Other
9.03%
ZUQ
Technology
44.74%
Healthcare
16.24%
Consumer Non-Cyclicals
11.96%
Finance
11.66%
Industrials
8.60%
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%
ZUQ
Eli Lilly & Co.
5.50%
Apple, Inc.
5.43%
Microsoft Corp.
5.26%
Visa, Inc.
4.44%
Meta Platforms, Inc.
4.37%
NVIDIA Corp.
4.31%
Johnson & Johnson
3.40%
Mastercard, Inc.
3.26%
Lam Research Corp.
2.81%
Applied Materials, Inc.
2.56%
Diversification
ZGQ
Total weight of top 10 holdings out of 498 total
38.67%
ZUQ
Total weight of top 10 holdings out of 125 total
41.33%
Characteristics
Compare
ZGQ
ZUQ
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI ACWI Quality Net Total Return Index - CAD | MSCI USA Quality Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.48% | 0.43% |
| Meets ESG criteria | No | No |
| Inception Date | November 5, 2014 | November 5, 2014 |
Frequently asked questions about ZGQ and ZUQ
Which ETF has performed better year to date: ZGQ or ZUQ?
As of September 3, 2026, ZGQ has returned 14.41% year to date, while ZUQ has returned 13.35%. ZGQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZGQ or ZUQ?
As of September 3, 2026, ZGQ manages $1.27 B in assets, while ZUQ manages $1.29 B. ZUQ is the larger fund by AUM.
How are ZGQ and ZUQ managed?
ZGQ is passively managed by BMO. It tracks the MSCI ACWI Quality Net Total Return Index - CAD benchmark. ZUQ is passively managed by BMO. It tracks the MSCI USA Quality Net Total Return Index - CAD benchmark.
What sectors do ZGQ and ZUQ emphasize?
ZGQ is most exposed to Technology, Healthcare, and Industrials. ZUQ is most exposed to Technology, Healthcare, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: ZGQ or ZUQ?
Year to date, ZGQ has seen +$50.21 M in net flows, compared with -$85.15 M for ZUQ. ZGQ has attracted more net investor money so far.
How do the fees of ZGQ and ZUQ compare?
ZGQ has an expense ratio of 0.50%, while ZUQ has an expense ratio of 0.33%.
What are the top holdings of ZGQ and ZUQ?
ZGQ's largest holdings include Apple, Inc., Microsoft Corp., and Taiwan Semiconductor Manufacturing Co., Ltd.. ZUQ's top holdings include Eli Lilly & Co., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: ZGQ or ZUQ?
ZGQ holds 484 securities, while ZUQ holds 124. On holdings count, ZGQ is the more diversified portfolio.
Recent articles about ZGQ and ZUQ
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