VS
BMO Japan Index ETF (ZJPN) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZJPN focuses its top 3 sector exposures on Finance, Technology, and Industrials, while XIC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZJPN features a management fee (MER) of 0.35%, compared to 0.05% for XIC. Performance-wise, ZJPN has returned 22.78% year-to-date with +$127 M in net flows, whereas XIC is at 17.12% with +$9 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
ZJPN
XIC
| AuM | $724.94 M | $34,706.72 M |
| Management Fees | 0.35% | 0.05% |
| Exp. ratio | 0.39% | 0.06% |
| Tracking Difference | -0.64% | -0.09% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZJPN | +1.64% | +5.37% | +22.78% | +28.72% | +74.00% |
XIC | +2.46% | +5.81% | +17.12% | +30.26% | +94.53% | |
| Flows | ZJPN | +$0 M | +$11 M | +$127 M | +$141 M | -$180 M |
XIC | +$1,611 M | +$3,127 M | +$8,627 M | +$9,713 M | +$14,703 M |
ZJPN vs XIC exposure
Countries
ZJPN
Japan
100.00%
XIC
Canada
96.46%
Sectors
ZJPN
Finance
21.54%
Technology
21.04%
Industrials
19.20%
Consumer Cyclicals
10.28%
Consumer Non-Cyclicals
8.39%
Other
19.54%
XIC
Finance
41.74%
Energy
17.17%
Non-Energy Materials
15.75%
Industrials
8.14%
Other
17.19%
As of September 3, 2026
Top 10 Holdings
ZJPN
Mitsubishi UFJ Financial Group, Inc.
4.35%
Toyota Motor Corp.
3.49%
Sumitomo Mitsui Financial Group, Inc.
2.78%
Tokyo Electron Ltd.
2.71%
Hitachi Ltd.
2.49%
Sony Group Corp.
2.37%
Advantest Corp.
2.30%
Mizuho Financial Group, Inc.
2.17%
SoftBank Group Corp.
1.88%
Recruit Holdings Co., Ltd.
1.77%
XIC
Royal Bank of Canada
8.10%
The Toronto-Dominion Bank
5.52%
Shopify, Inc.
4.12%
Bank of Montreal
3.45%
Enbridge, Inc.
3.34%
Canadian Imperial Bank of Commerce
3.00%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.72%
Brookfield Corp.
2.48%
Suncor Energy, Inc.
2.17%
Diversification
ZJPN
Total weight of top 10 holdings out of 305 total
26.31%
XIC
Total weight of top 10 holdings out of 219 total
37.87%
Characteristics
Compare
ZJPN
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive GBS Japan Large & Mid Cap 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 | 1.12% | 1.92% |
| Meets ESG criteria | No | No |
| Inception Date | January 17, 2022 | February 16, 2001 |
Frequently asked questions about ZJPN and XIC
Which ETF has performed better year to date: ZJPN or XIC?
As of September 3, 2026, ZJPN has returned 22.78% year to date, while XIC has returned 17.12%. ZJPN is ahead on YTD performance.
Which ETF is larger by assets under management: ZJPN or XIC?
As of September 3, 2026, ZJPN manages $724.94 M in assets, while XIC manages $34.71 B. XIC is the larger fund by AUM.
How are ZJPN and XIC managed?
ZJPN is passively managed by BMO. It tracks the Solactive GBS Japan Large & Mid Cap 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 ZJPN and XIC emphasize?
ZJPN is most exposed to Finance, Technology, and Industrials. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZJPN or XIC?
Year to date, ZJPN has seen +$126.62 M in net flows, compared with +$8,626.58 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZJPN and XIC compare?
ZJPN has an expense ratio of 0.39%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZJPN and XIC?
ZJPN's largest holdings include Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp., and Sumitomo Mitsui Financial Group, Inc.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZJPN or XIC?
ZJPN holds 305 securities, while XIC holds 219. On holdings count, ZJPN is the more diversified portfolio.
Recent articles about ZJPN and XIC
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