VS
BMO Mid-Term US IG Corporate Bond Index ETF (ZIC) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZIC focuses its top 3 sector exposures on Banks, Pharmaceutical preparation and biotechnology, and Pipelines, while XIC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZIC features a management fee (MER) of 0.25%, compared to 0.05% for XIC. Performance-wise, ZIC has returned 2.22% year-to-date with +$164 M in net flows, whereas XIC is at 12.5% with +$7 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
ZIC
XIC
| AuM | $3,661.37 M | $31,310.89 M |
| Management Fees | 0.25% | 0.05% |
| Exp. ratio | 0.28% | 0.06% |
| Tracking Difference | -0.03% | -0.10% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZIC | -1.39% | +2.06% | +2.22% | +6.55% | +25.65% |
XIC | +0.59% | +3.22% | +12.50% | +31.70% | +89.28% | |
| Flows | ZIC | -$66 M | +$10 M | +$164 M | +$297 M | +$367 M |
XIC | +$820 M | +$1,912 M | +$6,530 M | +$7,821 M | +$12,618 M |
ZIC vs XIC exposure
Countries
ZIC
USA
56.06%
Other
31.95%
Other
11.99%
XIC
Canada
96.25%
Sectors
ZIC
Other
31.95%
Banks
14.72%
Other
53.33%
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
As of July 17, 2026
Top 10 Holdings
ZIC
US30303MAD48
0.69%
US023135DF00
0.64%
US30303MAH51
0.64%
Bank of America Corporation, 5.468% 23jan2035, USD (N)
0.56%
Bank of America Corporation, 5.288% 25apr2034, USD (N)
0.55%
Bank of America Corporation, 5.015% 22jul2033, USD (N)
0.55%
Pfizer, 4.75% 19may2033, USD
0.54%
US68389XDZ50
0.53%
JP Morgan, 5.35% 1jun2034, USD
0.50%
US79466LAU89
0.49%
XIC
Royal Bank of Canada
8.22%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.97%
Bank of Montreal
3.52%
Enbridge, Inc.
3.36%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
3.01%
Brookfield Corp.
2.59%
Canadian Natural Resources Ltd.
2.35%
Agnico Eagle Mines Ltd.
2.25%
Diversification
ZIC
Total weight of top 10 holdings out of 707 total
5.69%
XIC
Total weight of top 10 holdings out of 221 total
38.08%
Characteristics
Compare
ZIC
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.35% | 2.00% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | February 16, 2001 |
Frequently asked questions about ZIC and XIC
Which ETF has performed better year to date: ZIC or XIC?
As of July 17, 2026, ZIC has returned 2.22% year to date, while XIC has returned 12.50%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZIC or XIC?
As of July 17, 2026, ZIC manages $3.66 B in assets, while XIC manages $31.31 B. XIC is the larger fund by AUM.
How are ZIC and XIC managed?
ZIC is passively managed by BMO. It tracks the Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Total Return Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZIC and XIC emphasize?
ZIC is most exposed to Banks, Pharmaceutical preparation and biotechnology, and Pipelines. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZIC or XIC?
Year to date, ZIC has seen +$163.69 M in net flows, compared with +$6,530.40 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZIC and XIC compare?
ZIC has an expense ratio of 0.28%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZIC and XIC?
ZIC's largest holdings include Bank of America Corporation, 5.468% 23jan2035, USD (N) and Bank of America Corporation, 5.288% 25apr2034, USD (N). XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZIC or XIC?
ZIC holds 505 securities, while XIC holds 219. On holdings count, ZIC is the more diversified portfolio.
Recent articles about ZIC 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.