VS
BMO Monthly Income ETF (ZMI) and iShares Diversified Monthly Income ETF (XTR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZMI focuses its top 3 sector exposures on Finance, Energy, and Technology, while XTR leans towards Finance, Energy, and Utilities. When evaluating costs, ZMI features a management fee (MER) of 0.18%, compared to 0.55% for XTR. Performance-wise, ZMI has returned 10% year-to-date with +$43 M in net flows, whereas XTR is at 9.23% with -$21 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
ZMI
XTR
| AuM | $254.34 M | $366.10 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.20% | 0.60% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMI | +0.59% | -0.01% | +10.00% | +11.61% | +50.87% |
XTR | +2.38% | -0.10% | +9.23% | +10.57% | +43.77% | |
| Flows | ZMI | +$2 M | +$8 M | +$43 M | +$60 M | +$111 M |
XTR | -$5 M | -$6 M | -$21 M | -$17 M | -$118 M |
ZMI vs XTR exposure
Countries
ZMI
Canada
35.39%
USA
35.01%
Other
20.64%
Other
8.96%
XTR
Canada
49.82%
USA
37.92%
Other
12.26%
Sectors
ZMI
Finance
29.00%
Other
20.64%
Energy
11.00%
Technology
10.04%
Other
29.32%
XTR
Finance
28.89%
Energy
12.73%
Utilities
8.68%
Consumer Non-Cyclicals
7.02%
Other
42.68%
As of October 30, 2026
Top 10 Holdings
ZMI
CA05585M1032
24.21%
CA05575X1197
20.92%
CA05600B1085
15.05%
CA05590R1055
13.47%
CA05575W1032
10.07%
CA09658Q1081
6.33%
CA05600A3082
5.16%
CA09661J1093
4.79%
XTR
CA46430D1042
19.79%
CA46430K1084
17.14%
CA46434Y1043
12.57%
CA46431L1132
8.42%
CA46431X1096
7.57%
CA46430W1023
6.98%
CA46433N1096
6.93%
CA46434T1057
6.55%
CA46430M1041
6.47%
CA46429Q1081
3.94%
Diversification
ZMI
Total weight of top 10 holdings out of 1,212 total
100.00%
XTR
Total weight of top 10 holdings out of 11,289 total
96.35%
Characteristics
Compare
ZMI
XTR
| Provider | BMO | iShares |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.43% | 3.88% |
| Meets ESG criteria | No | No |
| Inception Date | February 3, 2011 | December 19, 2005 |
Frequently asked questions about ZMI and XTR
Which ETF has performed better year to date: ZMI or XTR?
As of October 30, 2026, ZMI has returned 10.00% year to date, while XTR has returned 9.23%. ZMI is ahead on YTD performance.
Which ETF is larger by assets under management: ZMI or XTR?
As of October 30, 2026, ZMI manages $254.34 M in assets, while XTR manages $366.10 M. XTR is the larger fund by AUM.
How are ZMI and XTR managed?
ZMI is actively managed by BMO. It does not track an index. XTR is actively managed by iShares. It does not track an index.
Which ETF is more diversified: ZMI or XTR?
ZMI holds 1 securities, while XTR holds 1. On holdings count, ZMI is the more diversified portfolio.
Which ETF is attracting more investor flows: ZMI or XTR?
Year to date, ZMI has seen +$42.72 M in net flows, compared with -$20.68 M for XTR. ZMI has attracted more net investor money so far.
How do the fees of ZMI and XTR compare?
ZMI has an expense ratio of 0.20%, while XTR has an expense ratio of 0.60%.
What sectors do ZMI and XTR emphasize?
ZMI is most exposed to Finance, Energy, and Technology. XTR is most exposed to Finance, Energy, and Utilities.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.