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Compare BMO Equal Weight Industrials Index ETF (ZIN) vs iShares S&P/TSX Capped Financials Index ETF (XFN) to find the best fit for your portfolio. ZIN provides Industrials, Energy, and Non-Energy Materials exposures, while XFN is primarily weighted in Finance. When evaluating costs, ZIN features a management fee (MER) of 0.55%, compared to 0.55% for XFN. Performance-wise, ZIN has returned 21.26% year-to-date with +$9 M in net flows, whereas XFN is at 23.11% with -$169 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
ZIN
XFN
| AuM | $61.40 M | $2,221.57 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | -4.95% | -2.98% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZIN | -1.71% | -0.33% | +21.26% | +22.99% | +88.81% |
XFN | +3.53% | -0.51% | +23.11% | +34.45% | +153.74% | |
| Flows | ZIN | +$3 M | +$3 M | +$9 M | +$9 M | -$7 M |
XFN | -$47 M | -$36 M | -$169 M | -$148 M | -$399 M |
ZIN vs XFN exposure
Countries
ZIN
Canada
94.60%
XFN
Canada
98.48%
Sectors
ZIN
Industrials
75.14%
Energy
11.07%
Other
13.79%
XFN
Finance
99.87%
As of October 30, 2026
Top 10 Holdings
ZIN
Hammond Power Solutions, Inc.
3.34%
Finning International, Inc.
3.33%
Aecon Group, Inc.
3.27%
Bird Construction, Inc.
3.23%
Toromont Industries Ltd.
3.22%
Russel Metals, Inc.
3.22%
Badger Infrastructure Solutions Ltd.
3.16%
Cargojet, Inc.
3.11%
Westshore Terminals Investment Corp.
3.05%
Mullen Group Ltd.
2.98%
XFN
Royal Bank of Canada
22.49%
The Toronto-Dominion Bank
15.95%
Bank of Montreal
9.66%
The Bank of Nova Scotia
9.14%
Canadian Imperial Bank of Commerce
8.29%
Brookfield Corp.
6.43%
Manulife Financial Corp.
5.84%
National Bank of Canada
4.52%
Sun Life Financial, Inc.
3.58%
Power Corp of Canada
2.72%
Diversification
ZIN
Total weight of top 10 holdings out of 35 total
31.92%
XFN
Total weight of top 10 holdings out of 23 total
88.60%
Characteristics
Compare
ZIN
XFN
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Industrials Index - CAD | S&P/TSX Capped Financials Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.83% | 1.96% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | March 23, 2001 |
Frequently asked questions about ZIN and XFN
Which ETF has performed better year to date: ZIN or XFN?
As of October 30, 2026, ZIN has returned 21.26% year to date, while XFN has returned 23.11%. XFN is ahead on YTD performance.
Which ETF is larger by assets under management: ZIN or XFN?
As of October 30, 2026, ZIN manages $61.40 M in assets, while XFN manages $2.22 B. XFN is the larger fund by AUM.
How are ZIN and XFN managed?
ZIN is passively managed by BMO. It tracks the Solactive Equal Weight Canada Industrials Index - CAD benchmark. XFN is passively managed by iShares. It tracks the S&P/TSX Capped Financials Total Return Index - CAD benchmark.
What sectors do ZIN and XFN emphasize?
ZIN is most exposed to Industrials, Energy, and Non-Energy Materials. XFN is most exposed to Finance.
Which ETF is attracting more investor flows: ZIN or XFN?
Year to date, ZIN has seen +$8.71 M in net flows, compared with -$169.40 M for XFN. ZIN has attracted more net investor money so far.
How do the fees of ZIN and XFN compare?
ZIN has an expense ratio of 0.61%, while XFN has an expense ratio of 0.61%.
What are the top holdings of ZIN and XFN?
ZIN's largest holdings include Hammond Power Solutions, Inc., Finning International, Inc., and Aecon Group, Inc.. XFN's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: ZIN or XFN?
ZIN holds 35 securities, while XFN holds 23. On holdings count, ZIN is the more diversified portfolio.
Recent articles about ZIN and XFN
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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.