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Compare BMO Long Corporate Bond Index ETF (ZLC) vs BMO Corporate Bond Index ETF (ZCB) to find the best fit for your portfolio. ZLC provides Energy, Industrials, and Utilities exposures, while ZCB is primarily weighted in Finance, Energy, and Industrials. When evaluating costs, ZLC features a management fee (MER) of 0.3%, compared to 0.15% for ZCB. Performance-wise, ZLC has returned 0.88% year-to-date with -$179 M in net flows, whereas ZCB is at 1.5% with +$496 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
ZLC
ZCB
| AuM | $269.86 M | $2,166.00 M |
| Management Fees | 0.30% | 0.15% |
| Exp. ratio | 0.33% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLC | +2.25% | +2.03% | +0.88% | -0.40% | +19.75% |
ZCB | +0.86% | +0.83% | +1.50% | +1.18% | +19.08% | |
| Flows | ZLC | -$9 M | -$11 M | -$179 M | -$177 M | -$25 M |
ZCB | -$1 M | +$140 M | +$496 M | +$550 M | +$2,117 M |
ZLC vs ZCB exposure
Countries
ZLC
Canada
92.34%
USA
7.66%
ZCB
Canada
91.60%
USA
7.35%
Sectors
ZLC
Energy
30.66%
Industrials
26.06%
Utilities
25.07%
Other
18.21%
ZCB
Finance
45.09%
Energy
21.95%
Industrials
8.27%
Other
24.69%
As of November 11, 2026
Top 10 Holdings
ZLC
Enbridge, 4.57% 11mar2044, CAD
7.44%
TransCanada PipeLines, 4.35% 6jun2046, CAD
4.75%
Hydro One Inc, 4.89% 13mar2037, CAD
4.21%
Hydro One Inc, 4.85% 30nov2054, CAD (58)
3.91%
407 International, 4.45% 15nov2041, CAD (11-A1)
3.91%
Amazon.com, 5% 12jun2056, CAD
3.80%
AltaGas, 3.99% 30jun2042, CAD (2012-1)
3.68%
TransCanada PipeLines, 4.34% 15oct2049, CAD
3.47%
407 International, 3.6% 21may2047, CAD (16-A1)
3.32%
Greater Toronto Airports Authority, 5.3% 25feb2041, CAD (2011-1)
2.93%
ZCB
Royal Bank of Canada, 5.228% 24jun2030, CAD
4.54%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
4.50%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
4.28%
Alimentation Couche-Tard, 4.603% 25jan2029, CAD (8)
3.32%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
3.20%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
2.33%
Rogers Communications, 5.8% 21sep2030, CAD
2.30%
TransCanada PipeLines, 5.33% 12may2032, CAD
2.27%
TransCanada PipeLines, 5.277% 15jul2030, CAD
2.26%
Enbridge, 5.75% 2sep2039, CAD
2.24%
Diversification
ZLC
Total weight of top 10 holdings out of 42 total
41.43%
ZCB
Total weight of top 10 holdings out of 66 total
31.25%
Characteristics
Compare
ZLC
ZCB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Long Term Corporate Bond TR Index - CAD | FTSE Canada All Corporate Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.58% | 4.20% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | March 2, 2018 |
Frequently asked questions about ZLC and ZCB
Which ETF has performed better year to date: ZLC or ZCB?
As of November 11, 2026, ZLC has returned 0.88% year to date, while ZCB has returned 1.50%. ZCB is ahead on YTD performance.
Which ETF is larger by assets under management: ZLC or ZCB?
As of November 11, 2026, ZLC manages $269.86 M in assets, while ZCB manages $2.17 B. ZCB is the larger fund by AUM.
How are ZLC and ZCB managed?
ZLC is passively managed by BMO. It tracks the FTSE Canada Long Term Corporate Bond TR Index - CAD benchmark. ZCB is passively managed by BMO. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark.
What sectors do ZLC and ZCB emphasize?
ZLC is most exposed to Energy, Industrials, and Utilities. ZCB is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: ZLC or ZCB?
Year to date, ZLC has seen -$179.39 M in net flows, compared with +$495.73 M for ZCB. ZCB has attracted more net investor money so far.
How do the fees of ZLC and ZCB compare?
ZLC has an expense ratio of 0.33%, while ZCB has an expense ratio of 0.17%.
What are the top holdings of ZLC and ZCB?
ZLC's largest holdings include Enbridge, 4.57% 11mar2044, CAD, TransCanada PipeLines, 4.35% 6jun2046, CAD, and Hydro One Inc, 4.89% 13mar2037, CAD. ZCB's top holdings include Royal Bank of Canada, 5.228% 24jun2030, CAD, Toronto-Dominion Bank, 5.491% 8sep2028, CAD, and Bank of Nova Scotia, 4.442% 15nov2035, CAD.
Which ETF is more diversified: ZLC or ZCB?
ZLC holds 42 securities, while ZCB holds 66. On holdings count, ZCB is the more diversified portfolio.
Recent articles about ZLC and ZCB
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