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, Technology, and Energy, while XTR leans towards Finance, 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 9.53% year-to-date with +$41 M in net flows, whereas XTR is at 7.63% with -$16 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 | $252.53 M | $368.02 M |
| Management Fees | 0.18% | 0.55% |
| Exp. ratio | 0.20% | 0.60% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMI | -1.25% | -0.20% | +9.53% | +13.38% | +44.25% |
XTR | -1.07% | +0.51% | +7.63% | +9.63% | +37.31% | |
| Flows | ZMI | +$4 M | +$18 M | +$41 M | +$61 M | +$109 M |
XTR | -$2 M | -$7 M | -$16 M | -$13 M | -$121 M |
ZMI vs XTR exposure
Countries
ZMI
USA
44.94%
Canada
36.28%
Other
18.79%
XTR
Canada
59.47%
USA
36.23%
Sectors
ZMI
Finance
32.75%
Technology
13.55%
Energy
12.44%
Other
41.25%
XTR
Finance
28.37%
Energy
11.80%
Sovereign
8.76%
Consumer Non-Cyclicals
7.61%
Utilities
7.01%
Other
36.45%
As of September 11, 2026
Top 10 Holdings
ZMI
CA05600A3082
5.04%
Royal Bank of Canada
1.52%
Cisco Systems, Inc.
1.47%
AbbVie, Inc.
1.46%
Apple, Inc.
1.42%
JPMorgan Chase & Co.
1.12%
Royal Bank of Canada, 5.228% 24jun2030, CAD
1.11%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
1.09%
Broadcom Inc.
1.09%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
1.06%
XTR
Canada, Bonds 3.5% 1dec2057, CAD
1.54%
ExxonMobil Holdings Corp.
1.46%
Royal Bank of Canada
1.46%
Bank of Montreal
1.39%
The Toronto-Dominion Bank
1.21%
AbbVie, Inc.
1.16%
The Bank of Nova Scotia
1.11%
Chevron Corp.
1.09%
Canada, Bond 2 1jan2051 30Y
1.09%
Canada, Bonds 2.75% 1dec2055, CAD
1.07%
Diversification
ZMI
Total weight of top 10 holdings out of 1,201 total
16.37%
XTR
Total weight of top 10 holdings out of 10,144 total
12.56%
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 | 3.64% | 3.91% |
| 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 September 11, 2026, ZMI has returned 9.53% year to date, while XTR has returned 7.63%. ZMI is ahead on YTD performance.
Which ETF is larger by assets under management: ZMI or XTR?
As of September 11, 2026, ZMI manages $252.53 M in assets, while XTR manages $368.02 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 Finance, Technology, and Energy. XTR is most exposed to Finance, Energy, and Sovereign.
Which ETF is attracting more investor flows: ZMI or XTR?
Year to date, ZMI has seen +$40.75 M in net flows, compared with -$15.76 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 and Cisco Systems, Inc.. XTR's top holdings include Canada, Bonds 3.5% 1dec2057, CAD, ExxonMobil Holdings Corp., and Royal Bank of Canada.
Which ETF is more diversified: ZMI or XTR?
ZMI holds 1141 securities, while XTR holds 10098. On holdings count, XTR is the more diversified portfolio.
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