Compare BMO Japan Index ETF (ZJPN) vs CI Japan Equity Index ETF (JAPN.B) to find the best fit for your portfolio. ZJPN provides Industrials, Consumer Discretionary, and Financials exposures, while JAPN.B is primarily weighted in Industrials, Financials, and Consumer Discretionary. When evaluating costs, ZJPN features a management fee (MER) of 0.35%, compared to 0.48% for JAPN.B. Performance-wise, ZJPN has returned 11.34% year-to-date with +$108 M in net flows, whereas JAPN.B is at 14.53% with -$77 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
ZJPN
JAPN.B
| AuM | $641.78 M | $754.73 M |
| Management Fees | 0.35% | 0.48% |
| Exp. ratio | 0.39% | 0.50% |
| Tracking Difference | 0.34% | -19.09% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZJPN | +4.14% | +0.49% | +11.34% | +28.74% | +70.01% |
JAPN.B | +4.05% | +1.58% | +14.53% | +35.85% | +92.41% | |
| Flows | ZJPN | +$5 M | +$106 M | +$108 M | +$129 M | +$4 M |
JAPN.B | +$20 M | -$70 M | -$77 M | -$249 M | -$281 M |
ZJPN vs JAPN.B exposure
Countries
ZJPN
Japan
100.00%
JAPN.B
Japan
99.85%
Sectors
ZJPN
Industrials
25.96%
Consumer Discretionary
16.15%
Financials
16.04%
Information Technology
12.48%
Other
29.37%
JAPN.B
Industrials
26.30%
Financials
18.68%
Consumer Discretionary
17.16%
Information Technology
9.76%
Materials
8.87%
Health Care
7.55%
Other
11.68%
As of May 7, 2026
Top 10 Holdings
ZJPN
TOYOTA
4.18%
MITSUBISHI UFJ FINANCIAL GROUP
3.64%
HITACHI
2.41%
SUMITOMO MITSUI
2.36%
SONY GROUP CORPORATION
2.36%
MITSUBISHI
2.35%
TOKYO ELECTRON
2.14%
MITSUI
1.87%
MIZUHO FINANCIAL
1.85%
ADVANTEST
1.82%
JAPN.B
MITSUBISHI UFJ FINANCIAL GROUP
4.95%
TOYOTA
4.75%
TOKIO MARINE HOLDINGS
3.26%
SUMITOMO MITSUI
3.18%
MITSUBISHI
3.18%
NIPPON TELEGRAPH AND TELEPHONE CORP
2.51%
MITSUI
2.51%
JAPAN TOBACCO
2.49%
MIZUHO FINANCIAL
2.39%
TAKEDA PHARMACEUTICAL
2.15%
Diversification
ZJPN
Total weight of top 10 holdings out of 305 total
24.99%
JAPN.B
Total weight of top 10 holdings out of 526 total
31.38%
Characteristics
Compare
ZJPN
JAPN.B
| Provider | BMO | CI |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive GBS Japan Large & Mid Cap NTR Index - CAD | WisdomTree Japan Equity NTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.24% | 2.22% |
| Meets ESG criteria | No | No |
| Inception Date | January 17, 2022 | August 1, 2019 |
Frequently asked questions about ZJPN and JAPN.B
Which ETF has performed better year to date: ZJPN or JAPN.B?
As of May 7, 2026, ZJPN has returned 11.34% year to date, while JAPN.B has returned 14.53%. JAPN.B is ahead on YTD performance.
Which ETF is larger by assets under management: ZJPN or JAPN.B?
As of May 7, 2026, ZJPN manages $641.78 M in assets, while JAPN.B manages $754.73 M. JAPN.B is the larger fund by AUM.
How are ZJPN and JAPN.B managed?
ZJPN is passively managed by BMO. It tracks the Solactive GBS Japan Large & Mid Cap NTR Index - CAD benchmark. JAPN.B is passively managed by CI. It tracks the WisdomTree Japan Equity NTR Index - CAD benchmark.
What sectors do ZJPN and JAPN.B emphasize?
ZJPN is most exposed to Industrials, Consumer Discretionary, and Financials. JAPN.B is most exposed to Industrials, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZJPN or JAPN.B?
Year to date, ZJPN has seen +$108.46 M in net flows, compared with -$76.59 M for JAPN.B. ZJPN has attracted more net investor money so far.
How do the fees of ZJPN and JAPN.B compare?
ZJPN has an expense ratio of 0.39%, while JAPN.B has an expense ratio of 0.50%.
What are the top holdings of ZJPN and JAPN.B?
ZJPN's largest holdings include TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP, and HITACHI. JAPN.B's top holdings include MITSUBISHI UFJ FINANCIAL GROUP, TOYOTA, and TOKIO MARINE HOLDINGS.
Which ETF is more diversified: ZJPN or JAPN.B?
ZJPN holds 299 securities, while JAPN.B holds 519. On holdings count, JAPN.B is the more diversified portfolio.
Recent articles about ZJPN and JAPN.B
Japan ETFs Rally as Takaichi Win Drives Global Flows
Political stability and structural reform lift Japan equities — and Canadian-listed ETFs are following.
Posted on 2/16/2026 by ETF Market Canada inJapan
US–Japan Trade Deal Sparks Rally in Canadian Japan ETFs
Tariff relief and $550 billion investment pledge lift Canadian-listed funds tracking Japanese equities.
Posted on 7/28/2025 by ETF Market Canada inJapan
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