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Compare BMO MSCI EAFE High Quality Index ETF (ZIQ) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. ZIQ provides Technology, Healthcare, and Industrials exposures, while XIC is primarily weighted in Finance, Energy, and Non-Energy Materials. When evaluating costs, ZIQ features a management fee (MER) of 0.4%, compared to 0.05% for XIC. Performance-wise, ZIQ has returned 10.94% year-to-date with -$15 M in net flows, whereas XIC is at 12.84% 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
ZIQ
XIC
| AuM | $49.25 M | $31,505.57 M |
| Management Fees | 0.40% | 0.05% |
| Exp. ratio | 0.40% | 0.06% |
| Tracking Difference | -0.67% | -0.10% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZIQ | +0.11% | +6.56% | +10.94% | +19.68% | - |
XIC | +1.25% | +5.17% | +12.84% | +32.43% | +86.89% | |
| Flows | ZIQ | -$12 M | -$38 M | -$15 M | -$192 M | - |
XIC | +$718 M | +$1,969 M | +$6,631 M | +$7,896 M | +$12,726 M |
ZIQ vs XIC exposure
Countries
ZIQ
Switzerland
19.17%
Japan
18.34%
United Kingdom
16.95%
Netherlands
8.99%
France
7.51%
Other
29.03%
XIC
Canada
96.25%
Sectors
ZIQ
Technology
21.27%
Healthcare
21.26%
Industrials
17.20%
Finance
10.43%
Consumer Non-Cyclicals
10.07%
Non-Energy Materials
8.61%
Other
11.15%
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
As of July 21, 2026
Top 10 Holdings
ZIQ
ASML Holding NV
6.14%
Roche Holding AG
4.42%
AstraZeneca PLC
4.08%
Novartis AG
3.98%
Nestlé SA
3.07%
Tokyo Electron Ltd.
2.58%
Novo Nordisk A/S
2.36%
ABB Ltd.
2.29%
BHP Group Ltd.
2.28%
Advantest Corp.
2.23%
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
ZIQ
Total weight of top 10 holdings out of 222 total
33.43%
XIC
Total weight of top 10 holdings out of 221 total
38.08%
Characteristics
Compare
ZIQ
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE Quality NTR Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.47% | 1.99% |
| Meets ESG criteria | No | No |
| Inception Date | October 23, 2024 | February 16, 2001 |
Frequently asked questions about ZIQ and XIC
Which ETF has performed better year to date: ZIQ or XIC?
As of July 21, 2026, ZIQ has returned 10.94% year to date, while XIC has returned 12.84%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZIQ or XIC?
As of July 21, 2026, ZIQ manages $49.25 M in assets, while XIC manages $31.51 B. XIC is the larger fund by AUM.
How are ZIQ and XIC managed?
ZIQ is passively managed by BMO. It tracks the MSCI EAFE Quality NTR 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 ZIQ and XIC emphasize?
ZIQ is most exposed to Technology, Healthcare, and Industrials. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZIQ or XIC?
Year to date, ZIQ has seen -$14.91 M in net flows, compared with +$6,631.12 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZIQ and XIC compare?
ZIQ has an expense ratio of 0.40%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZIQ and XIC?
ZIQ's largest holdings include ASML Holding NV, Roche Holding AG, and AstraZeneca PLC. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZIQ or XIC?
ZIQ holds 217 securities, while XIC holds 219. On holdings count, XIC is the more diversified portfolio.
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