BMO Equal Weight REITs Index ETF (ZRE) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZRE focuses its top 3 sector exposures on Real Estate and Health Care, while ZSP leans towards Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, ZRE features a management fee (MER) of 0.55%, compared to 0.08% for ZSP. Performance-wise, ZRE has returned 11.54% year-to-date with +$6 M in net flows, whereas ZSP is at 10.3% with +$566 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
ZRE
ZSP
| AuM | $638.87 M | $23,784.53 M |
| Management Fees | 0.55% | 0.08% |
| Exp. ratio | 0.61% | 0.09% |
| Tracking Difference | -0.73% | -0.22% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZRE | +2.05% | +8.20% | +11.54% | +14.45% | +31.58% |
ZSP | +1.90% | +12.40% | +10.30% | +26.61% | +83.75% | |
| Flows | ZRE | +$4 M | +$3 M | +$6 M | +$1 M | -$18 M |
ZSP | +$89 M | +$283 M | +$566 M | +$1,532 M | +$5,079 M |
ZRE vs ZSP exposure
Countries
ZRE
Canada
100.00%
ZSP
USA
97.06%
Sectors
ZRE
Real Estate
85.38%
Other
9.77%
ZSP
Information Technology
36.41%
Communication Services
10.68%
Consumer Discretionary
10.06%
Financials
9.94%
Health Care
8.26%
Industrials
8.01%
Other
16.63%
As of June 11, 2026
Top 10 Holdings
ZRE
ALLIED PROPERTIES REAL ESTAT INV UNT
5.43%
FIRST CAPITAL REIT UNT
5.33%
RIOCAN REAL ESTATE UNT
5.30%
DREAM INDUSTRIAL REAL ESTATE
5.25%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
5.21%
CROMBIE REI UNT
5.13%
CA3874372053
5.11%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.06%
SMART REAL ESTATE INVESTMENT
5.02%
CT REIT UNITS
5.01%
ZSP
NVIDIA
8.33%
APPLE
6.50%
MICROSOFT-T
5.16%
AMAZON.COM INC
4.21%
ALPHABET INC-CL
3.33%
BROADCOM LIMITED
3.16%
ALPHABET INC-CL
2.67%
META PLATFORMS
2.40%
TESLA
1.72%
BERKSHIRE HATHWAY
1.44%
Diversification
ZRE
Total weight of top 10 holdings out of 20 total
51.85%
ZSP
Total weight of top 10 holdings out of 502 total
38.91%
Characteristics
Compare
ZRE
ZSP
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada REIT Total Return Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.34% | 0.76% |
| Meets ESG criteria | No | No |
| Inception Date | May 19, 2010 | November 14, 2012 |
Frequently asked questions about ZRE and ZSP
Which ETF has performed better year to date: ZRE or ZSP?
As of June 11, 2026, ZRE has returned 11.54% year to date, while ZSP has returned 10.30%. ZRE is ahead on YTD performance.
Which ETF is larger by assets under management: ZRE or ZSP?
As of June 11, 2026, ZRE manages $638.87 M in assets, while ZSP manages $23.78 B. ZSP is the larger fund by AUM.
How are ZRE and ZSP managed?
ZRE is passively managed by BMO. It tracks the Solactive Equal Weight Canada REIT Total Return Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do ZRE and ZSP emphasize?
ZRE is most exposed to Real Estate and Health Care. ZSP is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZRE or ZSP?
Year to date, ZRE has seen +$6.31 M in net flows, compared with +$565.61 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of ZRE and ZSP compare?
ZRE has an expense ratio of 0.61%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of ZRE and ZSP?
ZRE's largest holdings include ALLIED PROPERTIES REAL ESTAT INV UNT and FIRST CAPITAL REIT UNT. ZSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: ZRE or ZSP?
ZRE holds 19 securities, while ZSP holds 477. On holdings count, ZSP is the more diversified portfolio.
Recent articles about ZRE and ZSP
Build Canada Homes: A Boost for Real Estate ETFs?
The Canadian government's $26B prefab housing plan and a U.S. tariff ruling have injected optimism into real estate markets, with analysts anticipating gains for REITs and construction-focused funds.
Posted on 6/2/2025 by ETF Market Canada inReal Estate
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