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 Financials, Banks, and Energy, while XTR leans towards Financials, Energy, and Sovereign. When evaluating costs, ZMI features a management fee (MER) of 0.18%, compared to 0.55% for XTR. Performance-wise, ZMI has returned 5.1% year-to-date with +$23 M in net flows, whereas XTR is at 4.5% with -$8 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 | $227.57 M | $369.20 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.20% | 0.60% |
| Tracking Difference | - | - |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMI | +2.08% | +2.32% | +5.10% | +17.72% | +38.92% |
XTR | +2.12% | +3.28% | +4.50% | +12.68% | +31.10% | |
| Flows | ZMI | +$4 M | +$15 M | +$23 M | +$54 M | +$90 M |
XTR | -$2 M | -$2 M | -$8 M | -$9 M | -$132 M |
ZMI vs XTR exposure
Countries
ZMI
USA
44.45%
Canada
43.15%
Other
12.39%
XTR
Canada
51.84%
USA
42.60%
Sectors
ZMI
Financials
12.72%
Other
10.52%
Banks
8.96%
Energy
8.28%
Information Technology
8.15%
Other
51.37%
XTR
Other
14.68%
Financials
9.74%
Energy
7.93%
Other
67.64%
As of April 30, 2026
Top 10 Holdings
ZMI
CA05600A3082
4.66%
Royal Bank of Canada, 5.228% 24jun2030, CAD
1.38%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
1.31%
ROYAL BK CANADA
1.28%
EXXON
1.22%
ABBVIE
1.21%
CHEVRON TEXACO
1.20%
APPLE
1.12%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
1.09%
MERCK & CO INC
1.07%
XTR
EXXON
1.38%
Canada, Bonds 3.5% 1dec2057, CAD
1.19%
Canada, Bond 2 1jan2051 30Y
1.03%
CHEVRON TEXACO
1.02%
Canada, Bonds 2.75% 1dec2055, CAD
1.01%
SUNCOR ENERGY
0.92%
JOHNSON&JOHNSON
0.90%
ROYAL BK CANADA
0.89%
ENBRIDGE
0.88%
TORONTO DOMINION
0.88%
Diversification
ZMI
Total weight of top 10 holdings out of 1,180 total
15.53%
XTR
Total weight of top 10 holdings out of 7,717 total
10.11%
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 | 4.15% | 3.98% |
| 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 April 30, 2026, ZMI has returned 5.10% year to date, while XTR has returned 4.50%. ZMI is ahead on YTD performance.
Which ETF is larger by assets under management: ZMI or XTR?
As of April 30, 2026, ZMI manages $227.57 M in assets, while XTR manages $369.20 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.
What sectors do ZMI and XTR emphasize?
ZMI is most exposed to Financials, Banks, and Energy. XTR is most exposed to Financials, Energy, and Sovereign.
Which ETF is attracting more investor flows: ZMI or XTR?
Year to date, ZMI has seen +$22.80 M in net flows, compared with -$8.30 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 are the top holdings of ZMI and XTR?
ZMI's largest holdings include Royal Bank of Canada, 5.228% 24jun2030, CAD and Bank of Nova Scotia, 4.442% 15nov2035, CAD. XTR's top holdings include EXXON and Canada, Bonds 3.5% 1dec2057, CAD.
Which ETF is more diversified: ZMI or XTR?
ZMI holds 976 securities, while XTR holds 6100. On holdings count, XTR is the more diversified portfolio.
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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.