BMO Long Short US Equity ETF (ZLSU) and iShares Core Equity ETF (XEQT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZLSU focuses its top 3 sector exposures on Sovereign, Technology, and Finance, while XEQT leans towards Finance, Technology, and Industrials. When evaluating costs, ZLSU features a management fee (MER) of 0.73%, compared to 0.18% for XEQT. Performance-wise, ZLSU has returned 9.84% year-to-date with +$115 M in net flows, whereas XEQT is at 16.07% with +$8 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
ZLSU
XEQT
| AuM | $221.36 M | $22,351.19 M |
| Management Fees | 0.73% | 0.18% |
| Exp. ratio | 0.72% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLSU | -1.54% | +1.22% | +9.84% | +8.65% | - |
XEQT | -0.42% | +3.32% | +16.07% | +24.72% | +80.63% | |
| Flows | ZLSU | +$0 M | +$20 M | +$115 M | +$115 M | - |
XEQT | +$1,083 M | +$3,239 M | +$7,834 M | +$9,822 M | +$15,699 M |
ZLSU vs XEQT exposure
Countries
ZLSU
USA
97.61%
XEQT
USA
43.98%
Canada
24.60%
Other
31.42%
Sectors
ZLSU
Sovereign
49.29%
Technology
22.36%
Finance
10.88%
Consumer Non-Cyclicals
8.17%
Other
9.30%
XEQT
Finance
25.23%
Technology
24.36%
Industrials
10.16%
Non-Energy Materials
7.39%
Other
32.86%
As of September 3, 2026
Top 10 Holdings
ZLSU
Apple, Inc.
5.58%
USA, Bills 0% 13may2027, USD (364D)
4.61%
USA, Bills 0% 18mar2027, USD (364D)
4.24%
USA, Bills 0% 15apr2027, USD (364D)
4.22%
USA, Bills 0% 10jun2027, USD (364D)
3.58%
USA, Bills 0% 21jan2027, USD (364D)
3.55%
USA, Bills 0% 18feb2027, USD (364D)
3.24%
NVIDIA Corp.
3.12%
USA, Bills 0% 11aug2026, USD (119D)
2.93%
USA, Bills 0% 1oct2026, USD (364D)
2.81%
XEQT
Apple, Inc.
3.05%
NVIDIA Corp.
2.94%
Microsoft Corp.
2.08%
Royal Bank of Canada
2.07%
Amazon.com, Inc.
1.43%
The Toronto-Dominion Bank
1.41%
Alphabet, Inc.
1.22%
Broadcom Inc.
1.14%
Shopify, Inc.
1.05%
Alphabet, Inc.
0.98%
Diversification
ZLSU
Total weight of top 10 holdings out of 209 total
37.87%
XEQT
Total weight of top 10 holdings out of 8,298 total
17.37%
Characteristics
Frequently asked questions about ZLSU and XEQT
Which ETF has performed better year to date: ZLSU or XEQT?
As of September 3, 2026, ZLSU has returned 9.84% year to date, while XEQT has returned 16.07%. XEQT is ahead on YTD performance.
Which ETF is larger by assets under management: ZLSU or XEQT?
As of September 3, 2026, ZLSU manages $221.36 M in assets, while XEQT manages $22.35 B. XEQT is the larger fund by AUM.
How are ZLSU and XEQT managed?
ZLSU is actively managed by BMO. It does not track an index. XEQT is actively managed by iShares. It does not track an index.
What sectors do ZLSU and XEQT emphasize?
ZLSU is most exposed to Sovereign, Technology, and Finance. XEQT is most exposed to Finance, Technology, and Industrials.
Which ETF is attracting more investor flows: ZLSU or XEQT?
Year to date, ZLSU has seen +$114.67 M in net flows, compared with +$7,833.70 M for XEQT. XEQT has attracted more net investor money so far.
How do the fees of ZLSU and XEQT compare?
ZLSU has an expense ratio of 0.72%, while XEQT has an expense ratio of 0.20%.
What are the top holdings of ZLSU and XEQT?
ZLSU's largest holdings include Apple, Inc., USA, Bills 0% 13may2027, USD (364D), and USA, Bills 0% 18mar2027, USD (364D). XEQT's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: ZLSU or XEQT?
ZLSU holds 208 securities, while XEQT holds 8158. On holdings count, XEQT is the more diversified portfolio.
Recent articles about ZLSU and XEQT
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