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Compare BMO Low Volatility Canadian Equity ETF (ZLB) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. ZLB provides Finance, Consumer Non-Cyclicals, and Utilities exposures, while XIC is primarily weighted in Finance, Non-Energy Materials, and Energy. When evaluating costs, ZLB features a management fee (MER) of 0.35%, compared to 0.05% for XIC. Performance-wise, ZLB has returned 7.73% year-to-date with +$39 M in net flows, whereas XIC is at 14.31% with +$11 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
ZLB
XIC
| AuM | $6,075.09 M | $36,402.29 M |
| Management Fees | 0.35% | 0.05% |
| Exp. ratio | 0.39% | 0.06% |
| Tracking Difference | - | -0.08% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLB | +4.84% | -0.53% | +7.73% | +13.38% | +69.96% |
XIC | +1.24% | +0.84% | +14.31% | +20.62% | +104.29% | |
| Flows | ZLB | -$116 M | -$160 M | +$39 M | +$148 M | +$1,073 M |
XIC | +$977 M | +$4,453 M | +$11,333 M | +$12,581 M | +$17,472 M |
ZLB vs XIC exposure
Countries
ZLB
Canada
96.25%
XIC
Canada
96.55%
Sectors
ZLB
Finance
31.84%
Consumer Non-Cyclicals
19.03%
Utilities
16.61%
Telecommunications
8.25%
Other
24.27%
XIC
Finance
41.17%
Non-Energy Materials
18.24%
Energy
16.19%
Industrials
8.03%
Other
16.38%
As of October 30, 2026
Top 10 Holdings
ZLB
Great-West Lifeco, Inc.
4.54%
Fortis, Inc.
4.29%
Loblaw Cos. Ltd.
3.97%
Quebecor, Inc.
3.85%
Hydro One Ltd.
3.67%
Empire Co. Ltd.
3.58%
Emera, Inc.
3.49%
Metro, Inc.
3.31%
CCL Industries, Inc.
3.25%
TMX Group Ltd.
3.17%
XIC
Royal Bank of Canada
7.73%
The Toronto-Dominion Bank
5.48%
Shopify, Inc.
5.07%
Bank of Montreal
3.32%
The Bank of Nova Scotia
3.14%
Enbridge, Inc.
2.92%
Canadian Imperial Bank of Commerce
2.85%
Canadian Natural Resources Ltd.
2.75%
Agnico Eagle Mines Ltd.
2.63%
Suncor Energy, Inc.
2.25%
Diversification
ZLB
Total weight of top 10 holdings out of 53 total
37.11%
XIC
Total weight of top 10 holdings out of 216 total
38.13%
Characteristics
Compare
ZLB
XIC
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.82% | 1.98% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | February 16, 2001 |
Frequently asked questions about ZLB and XIC
Which ETF has performed better year to date: ZLB or XIC?
As of October 30, 2026, ZLB has returned 7.73% year to date, while XIC has returned 14.31%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZLB or XIC?
As of October 30, 2026, ZLB manages $6.08 B in assets, while XIC manages $36.40 B. XIC is the larger fund by AUM.
How are ZLB and XIC managed?
ZLB is actively managed by BMO. It does not track an index. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZLB and XIC emphasize?
ZLB is most exposed to Finance, Consumer Non-Cyclicals, and Utilities. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: ZLB or XIC?
Year to date, ZLB has seen +$39.19 M in net flows, compared with +$11,332.62 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZLB and XIC compare?
ZLB has an expense ratio of 0.39%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZLB and XIC?
ZLB's largest holdings include Great-West Lifeco, Inc., Fortis, Inc., and Loblaw Cos. Ltd.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZLB or XIC?
ZLB holds 53 securities, while XIC holds 216. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZLB and XIC
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