VS
BMO Long Short US Equity ETF (ZLSU) and BMO Covered Call Canadian Banks ETF (ZWB) 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 ZWB leans towards Finance. When evaluating costs, ZLSU features a management fee (MER) of 0.73%, compared to 0.65% for ZWB. Performance-wise, ZLSU has returned 10.24% year-to-date with +$113 M in net flows, whereas ZWB is at 27.4% with +$43 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
ZLSU
ZWB
| AuM | $220.98 M | $4,692.39 M |
| Management Fees | 0.73% | 0.65% |
| Exp. ratio | 0.72% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLSU | -1.18% | +1.80% | +10.24% | +8.17% | - |
ZWB | -0.76% | +8.02% | +27.40% | +46.56% | +119.34% | |
| Flows | ZLSU | -$1 M | +$19 M | +$113 M | +$114 M | - |
ZWB | -$14 M | +$20 M | +$43 M | +$42 M | -$226 M |
ZLSU vs ZWB exposure
Countries
ZLSU
USA
97.51%
ZWB
Canada
100.03%
Sectors
ZLSU
Sovereign
49.29%
Technology
22.36%
Finance
10.88%
Consumer Non-Cyclicals
8.17%
Other
9.30%
ZWB
Finance
100.03%
As of September 4, 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%
ZWB
Bank of Montreal
17.17%
Royal Bank of Canada
17.06%
The Toronto-Dominion Bank
16.82%
The Bank of Nova Scotia
16.57%
National Bank of Canada
16.29%
Canadian Imperial Bank of Commerce
16.13%
Diversification
ZLSU
Total weight of top 10 holdings out of 209 total
37.87%
ZWB
Total weight of top 10 holdings out of 6 total
100.03%
Characteristics
Frequently asked questions about ZLSU and ZWB
Which ETF has performed better year to date: ZLSU or ZWB?
As of September 4, 2026, ZLSU has returned 10.24% year to date, while ZWB has returned 27.40%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZLSU or ZWB?
As of September 4, 2026, ZLSU manages $220.98 M in assets, while ZWB manages $4.69 B. ZWB is the larger fund by AUM.
How are ZLSU and ZWB managed?
ZLSU is actively managed by BMO. It does not track an index. ZWB is actively managed by BMO. It does not track an index.
What sectors do ZLSU and ZWB emphasize?
ZLSU is most exposed to Sovereign, Technology, and Finance. ZWB is most exposed to Finance.
Which ETF is attracting more investor flows: ZLSU or ZWB?
Year to date, ZLSU has seen +$113.49 M in net flows, compared with +$42.62 M for ZWB. ZLSU has attracted more net investor money so far.
How do the fees of ZLSU and ZWB compare?
ZLSU has an expense ratio of 0.72%, while ZWB has an expense ratio of 0.72%.
What are the top holdings of ZLSU and ZWB?
ZLSU's largest holdings include Apple, Inc., USA, Bills 0% 13may2027, USD (364D), and USA, Bills 0% 18mar2027, USD (364D). ZWB's top holdings include Bank of Montreal, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: ZLSU or ZWB?
ZLSU holds 208 securities, while ZWB holds 6. On holdings count, ZLSU is the more diversified portfolio.
Recent articles about ZLSU and ZWB
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