VS
BMO High Quality Corporate Bond Index ETF (ZQB) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZQB focuses its top 3 sector exposures on Banks, Power, and Other financial institutions, while XIC leans towards Finance, Non-Energy Materials, and Energy. When evaluating costs, ZQB features a management fee (MER) of 0.1%, compared to 0.05% for XIC. Performance-wise, ZQB has returned 1.28% year-to-date with +$46 M in net flows, whereas XIC is at 12.5% with +$7 B. 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
ZQB
XIC
| AuM | $88.78 M | $31,310.89 M |
| Management Fees | 0.10% | 0.05% |
| Exp. ratio | 0.11% | 0.06% |
| Tracking Difference | - | -0.10% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZQB | -0.09% | +0.52% | +1.28% | +3.84% | +18.78% |
XIC | +0.59% | +3.22% | +12.50% | +31.70% | +89.28% | |
| Flows | ZQB | +$7 M | +$12 M | +$46 M | +$56 M | +$66 M |
XIC | +$820 M | +$1,912 M | +$6,530 M | +$7,821 M | +$12,618 M |
ZQB vs XIC exposure
Countries
ZQB
Canada
82.13%
Other
16.49%
XIC
Canada
96.41%
Sectors
ZQB
Banks
51.66%
Other
16.49%
Power
8.21%
Other
23.63%
XIC
Finance
39.60%
Non-Energy Materials
18.18%
Energy
16.99%
Industrials
8.23%
Other
16.99%
As of July 17, 2026
Top 10 Holdings
ZQB
Bank of Montreal, 3.19% 1mar2028, CAD
5.50%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
3.54%
Bank of Nova Scotia, 3.1% 2feb2028, CAD
3.43%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
2.86%
Bank of Montreal, 4.537% 18dec2028, CAD
2.82%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
2.80%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
2.80%
CA89116CQ341
2.76%
CA779926WF74
2.73%
Brookfield Finance II, 5.431% 14dec2032, CAD
2.20%
XIC
Royal Bank of Canada
7.42%
The Toronto-Dominion Bank
5.32%
Shopify, Inc.
4.05%
Enbridge, Inc.
3.32%
Bank of Montreal
3.18%
Canadian Imperial Bank of Commerce
2.81%
Brookfield Corp.
2.78%
The Bank of Nova Scotia
2.74%
Canadian Natural Resources Ltd.
2.62%
Agnico Eagle Mines Ltd.
2.55%
Diversification
ZQB
Total weight of top 10 holdings out of 63 total
31.44%
XIC
Total weight of top 10 holdings out of 220 total
36.78%
Characteristics
Compare
ZQB
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 1-10 year A+ Corporate Bond GTR Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.94% | 2.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 11, 2020 | February 16, 2001 |
Frequently asked questions about ZQB and XIC
Which ETF has performed better year to date: ZQB or XIC?
As of July 17, 2026, ZQB has returned 1.28% year to date, while XIC has returned 12.50%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZQB or XIC?
As of July 17, 2026, ZQB manages $88.78 M in assets, while XIC manages $31.31 B. XIC is the larger fund by AUM.
How are ZQB and XIC managed?
ZQB is passively managed by BMO. It tracks the FTSE Canada 1-10 year A+ Corporate Bond GTR Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZQB and XIC emphasize?
ZQB is most exposed to Banks, Power, and Other financial institutions. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: ZQB or XIC?
Year to date, ZQB has seen +$46.11 M in net flows, compared with +$6,530.40 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZQB and XIC compare?
ZQB has an expense ratio of 0.11%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZQB and XIC?
ZQB's largest holdings include Bank of Montreal, 3.19% 1mar2028, CAD and Toronto-Dominion Bank, 4.68% 8jan2029, CAD. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZQB or XIC?
ZQB holds 53 securities, while XIC holds 220. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZQB and XIC
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