VS
BMO Market+ Low Volatility Global Equity ETF (ZMLG) and iShares MSCI World Index ETF (XWD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZMLG focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while XWD leans towards Technology, Finance, and Industrials. When evaluating costs, ZMLG features a management fee (MER) of 0.4%, compared to 0.44% for XWD. 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
ZMLG
XWD
| AuM | $1.65 M | $1,761.25 M |
| Management Fees | 0.40% | 0.44% |
| Exp. ratio | 0.40% | 0.48% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMLG | +0.73% | +2.86% | - | - | - |
XWD | -0.93% | +3.55% | +14.70% | +13.55% | +85.78% | |
| Flows | ZMLG | +$0 M | +$0 M | - | - | - |
XWD | -$37 M | +$6 M | +$70 M | +$114 M | +$275 M |
ZMLG vs XWD exposure
Countries
ZMLG
USA
64.07%
Japan
7.10%
Other
28.83%
XWD
USA
70.81%
Other
29.19%
Sectors
ZMLG
Technology
33.74%
Finance
17.37%
Consumer Non-Cyclicals
12.83%
Healthcare
11.44%
Industrials
7.94%
Other
16.68%
XWD
Technology
37.90%
Finance
17.39%
Industrials
9.26%
Healthcare
8.88%
Consumer Non-Cyclicals
8.22%
Other
18.35%
As of October 29, 2026
Top 10 Holdings
ZMLG
Apple, Inc.
6.74%
Microsoft Corp.
3.91%
NVIDIA Corp.
3.35%
Alphabet, Inc.
2.74%
Amazon.com, Inc.
2.02%
AbbVie, Inc.
1.82%
Meta Platforms, Inc.
1.79%
Broadcom Inc.
1.78%
Philip Morris International, Inc.
1.77%
Analog Devices, Inc.
1.68%
XWD
US4642872000
72.45%
US4642874659
23.99%
CA46428D1087
3.40%
Space Exploration Technologies Corp.
0.10%
Diversification
ZMLG
Total weight of top 10 holdings out of 124 total
27.61%
XWD
Total weight of top 10 holdings out of 1,222 total
99.94%
Characteristics
Compare
ZMLG
XWD
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI World Daily Total Return Net Index - USD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 1.18% |
| Meets ESG criteria | No | No |
| Inception Date | March 4, 2026 | June 18, 2009 |
Frequently asked questions about ZMLG and XWD
Which ETF is larger by assets under management: ZMLG or XWD?
As of October 29, 2026, ZMLG manages $1.65 M in assets, while XWD manages $1.76 B. XWD is the larger fund by AUM.
How are ZMLG and XWD managed?
ZMLG is actively managed by BMO. It does not track an index. XWD is passively managed by iShares. It tracks the MSCI World Daily Total Return Net Index - USD benchmark.
What sectors do ZMLG and XWD emphasize?
ZMLG is most exposed to Technology, Finance, and Consumer Non-Cyclicals. XWD is most exposed to Technology, Finance, and Industrials.
How do the fees of ZMLG and XWD compare?
ZMLG has an expense ratio of 0.40%, while XWD has an expense ratio of 0.48%.
What are the top holdings of ZMLG and XWD?
ZMLG's largest holdings include Apple, Inc., Microsoft Corp., and NVIDIA Corp.. XWD's top holdings include Space Exploration Technologies Corp..
Which ETF is more diversified: ZMLG or XWD?
ZMLG holds 124 securities, while XWD holds 2. On holdings count, ZMLG is the more diversified portfolio.
Recent articles about ZMLG and XWD
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