VS
When evaluating costs, ZPAY features a management fee (MER) of 0.65%, compared to 0.65% for ZWC. Performance-wise, ZPAY has returned 10.03% year-to-date with +$51 M in net flows, whereas ZWC is at 15.96% with +$325 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
ZPAY
ZWC
| AuM | $448.58 M | $2,497.90 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPAY | +1.60% | +3.69% | +10.03% | +13.24% | +38.82% |
ZWC | -0.73% | +3.09% | +15.96% | +25.25% | +65.08% | |
| Flows | ZPAY | +$5 M | +$5 M | +$51 M | +$66 M | +$99 M |
ZWC | +$23 M | +$111 M | +$325 M | +$371 M | +$296 M |
ZPAY vs ZWC exposure
Countries
ZPAY
Exposure data will be available soon
ZWC
Canada
98.15%
Sectors
ZPAY
Exposure data will be available soon
ZWC
Finance
40.64%
Energy
22.76%
Non-Energy Materials
11.23%
Other
25.37%
As of September 17, 2026
Top 10 Holdings
ZPAY
Exposure data will be available soon
ZWC
Royal Bank of Canada
8.06%
The Toronto-Dominion Bank
6.27%
Canadian Imperial Bank of Commerce
5.85%
Canadian Natural Resources Ltd.
5.74%
The Bank of Nova Scotia
5.62%
Enbridge, Inc.
4.71%
Suncor Energy, Inc.
4.66%
TC Energy Corp.
4.03%
Bank of Montreal
3.82%
Nutrien Ltd.
3.17%
Diversification
ZPAY
Exposure data will be available soon
ZWC
Total weight of top 10 holdings out of 39 total
51.92%
Characteristics
Frequently asked questions about ZPAY and ZWC
Which ETF has performed better year to date: ZPAY or ZWC?
As of September 17, 2026, ZPAY has returned 10.03% year to date, while ZWC has returned 15.96%. ZWC is ahead on YTD performance.
Which ETF is larger by assets under management: ZPAY or ZWC?
As of September 17, 2026, ZPAY manages $448.58 M in assets, while ZWC manages $2.50 B. ZWC is the larger fund by AUM.
How are ZPAY and ZWC managed?
ZPAY is actively managed by BMO. It does not track an index. ZWC is actively managed by BMO. It does not track an index.
Which ETF is attracting more investor flows: ZPAY or ZWC?
Year to date, ZPAY has seen +$51.12 M in net flows, compared with +$325.33 M for ZWC. ZWC has attracted more net investor money so far.
How do the fees of ZPAY and ZWC compare?
ZPAY has an expense ratio of 0.71%, while ZWC has an expense ratio of 0.72%.
Recent articles about ZPAY and ZWC
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