VS
BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) 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 XIC leans towards Finance, Non-Energy Materials, and Energy. When evaluating costs, ZHY features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, ZHY has returned 1.45% year-to-date with +$149 M in net flows, whereas XIC is at 14.89% with +$11 B. 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
XIC
| AuM | $1,498.33 M | $36,598.53 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.61% | 0.06% |
| Tracking Difference | -0.64% | -0.08% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZHY | +0.31% | -2.37% | -1.45% | -0.37% | +19.05% |
XIC | +0.99% | +0.51% | +14.89% | +20.83% | +97.28% | |
| Flows | ZHY | +$32 M | +$38 M | +$149 M | +$303 M | +$642 M |
XIC | +$1,157 M | +$4,329 M | +$11,344 M | +$12,545 M | +$17,484 M |
ZHY vs XIC exposure
Countries
ZHY
USA
88.47%
Other
11.53%
XIC
Canada
96.55%
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%
XIC
Finance
41.17%
Non-Energy Materials
18.24%
Energy
16.19%
Industrials
8.03%
Other
16.38%
As of November 2, 2026
Top 10 Holdings
ZHY
CA05584J1012
102.40%
XIC
Royal Bank of Canada
7.73%
The Toronto-Dominion Bank
5.48%
Shopify, Inc.
5.07%
Bank of Montreal
3.32%
The Bank of Nova Scotia
3.14%
Enbridge, Inc.
2.92%
Canadian Imperial Bank of Commerce
2.85%
Canadian Natural Resources Ltd.
2.75%
Agnico Eagle Mines Ltd.
2.63%
Suncor Energy, Inc.
2.25%
Diversification
ZHY
Total weight of top 10 holdings out of 1,041 total
102.40%
XIC
Total weight of top 10 holdings out of 216 total
38.13%
Characteristics
Compare
ZHY
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Capital U.S. High Yield Very Liquid CAD Hedged Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.85% | 1.97% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | February 16, 2001 |
Frequently asked questions about ZHY and XIC
Which ETF has performed better year to date: ZHY or XIC?
As of November 2, 2026, ZHY has returned -1.45% year to date, while XIC has returned 14.89%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZHY or XIC?
As of November 2, 2026, ZHY manages $1.50 B in assets, while XIC manages $36.60 B. XIC is the larger fund by AUM.
How are ZHY and XIC 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. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
Which ETF is more diversified: ZHY or XIC?
ZHY holds 1 securities, while XIC holds 216. On holdings count, XIC is the more diversified portfolio.
Which ETF is attracting more investor flows: ZHY or XIC?
Year to date, ZHY has seen +$149.08 M in net flows, compared with +$11,344.06 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZHY and XIC compare?
ZHY has an expense ratio of 0.61%, while XIC has an expense ratio of 0.06%.
What sectors do ZHY and XIC emphasize?
ZHY is most exposed to Finance, Industrials, and Energy. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Recent articles about ZHY and XIC
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.