VS
BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY) and Mackenzie US Investment Grade Corporate Bond Index ETF (QUIG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZHY focuses its top 3 sector exposures on Finance, Industrials, and Energy, while QUIG leans towards Finance, Technology, and Healthcare. When evaluating costs, ZHY features a management fee (MER) of 0.55%, compared to 0.15% for QUIG. Performance-wise, ZHY has returned 1.49% year-to-date with +$150 M in net flows, whereas QUIG is at 3.03% with +$11 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
ZHY
QUIG
| AuM | $1,498.33 M | $604.87 M |
| Management Fees | 0.55% | 0.15% |
| Exp. ratio | 0.61% | 0.17% |
| Tracking Difference | -0.64% | 0.19% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZHY | +0.34% | -2.40% | -1.49% | -0.41% | +17.91% |
QUIG | +1.72% | -1.84% | -3.03% | -2.86% | +11.17% | |
| Flows | ZHY | +$34 M | +$39 M | +$150 M | +$304 M | +$642 M |
QUIG | -$43 M | -$68 M | +$11 M | +$25 M | +$175 M |
ZHY vs QUIG exposure
Countries
ZHY
USA
88.47%
Other
11.53%
QUIG
USA
92.03%
Other
7.97%
Sectors
ZHY
Finance
18.65%
Industrials
12.33%
Energy
10.81%
Consumer Services
9.13%
Non-Energy Materials
8.64%
Business Services
7.97%
Other
32.48%
QUIG
Finance
47.13%
Technology
16.57%
Healthcare
9.14%
Telecommunications
8.59%
Other
18.57%
As of November 2, 2026
Top 10 Holdings
ZHY
CA05584J1012
102.40%
QUIG
Amazon.com, 2.1% 12may2031, USD
1.57%
Anheuser-Busch, 4.7% 1feb2036, USD
1.32%
Bank of America Corporation, 5.015% 22jul2033, USD (N)
1.31%
JP Morgan, 5.299% 24jul2029, USD
1.28%
CVS Health, 3.25% 15aug2029, USD
1.15%
Morgan Stanley, 4.238% 9jan2030, USD (I)
1.13%
Goldman Sachs, 6.75% 1oct2037, USD
1.12%
Wells Fargo, 4.15% 24jan2029, USD (Q)
1.07%
Wells Fargo, 5.605% 23apr2036, USD (W)
0.99%
Goldman Sachs, 3.8% 15mar2030, USD
0.99%
Diversification
ZHY
Total weight of top 10 holdings out of 1,041 total
102.40%
QUIG
Total weight of top 10 holdings out of 401 total
11.93%
Characteristics
Compare
ZHY
QUIG
| Provider | BMO | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Capital U.S. High Yield Very Liquid CAD Hedged Total Return Index - CAD | Solactive Select USD Investment Grade Corporate Hedged to CAD TR Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.85% | 4.71% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | January 29, 2018 |
Frequently asked questions about ZHY and QUIG
Which ETF has performed better year to date: ZHY or QUIG?
As of November 2, 2026, ZHY has returned -1.49% year to date, while QUIG has returned -3.03%. ZHY is ahead on YTD performance.
Which ETF is larger by assets under management: ZHY or QUIG?
As of November 2, 2026, ZHY manages $1.50 B in assets, while QUIG manages $604.87 M. ZHY is the larger fund by AUM.
How are ZHY and QUIG managed?
ZHY is passively managed by BMO. It tracks the Bloomberg Capital U.S. High Yield Very Liquid CAD Hedged Total Return Index - CAD benchmark. QUIG is passively managed by Mackenzie Investments. It tracks the Solactive Select USD Investment Grade Corporate Hedged to CAD TR Index - CAD benchmark.
Which ETF is more diversified: ZHY or QUIG?
ZHY holds 1 securities, while QUIG holds 400. On holdings count, QUIG is the more diversified portfolio.
Which ETF is attracting more investor flows: ZHY or QUIG?
Year to date, ZHY has seen +$149.60 M in net flows, compared with +$11.19 M for QUIG. ZHY has attracted more net investor money so far.
How do the fees of ZHY and QUIG compare?
ZHY has an expense ratio of 0.61%, while QUIG has an expense ratio of 0.17%.
What sectors do ZHY and QUIG emphasize?
ZHY is most exposed to Finance, Industrials, and Energy. QUIG is most exposed to Finance, Technology, and Healthcare.
Recent articles about ZHY and QUIG
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