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Compare BMO S&P US Small Cap Index ETF (ZSML) vs iShares S&P U.S. Small-Cap Index ETF (XSMH) to find the best fit for your portfolio. ZSML and XSMH provide the same top sector exposures: Finance, Technology, and Industrials. When evaluating costs, ZSML features a management fee (MER) of 0.2%, compared to 0.2% for XSMH. Performance-wise, ZSML has returned 20.38% year-to-date with +$84 M in net flows, whereas XSMH is at 17.45% with -$21 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
ZSML
XSMH
| AuM | $198.86 M | $51.27 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | - | 1.35% |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZSML | -0.30% | -6.37% | +20.38% | +20.26% | +58.98% |
XSMH | +2.60% | -5.30% | +17.45% | +21.17% | +50.85% | |
| Flows | ZSML | +$5 M | +$10 M | +$84 M | +$84 M | +$74 M |
XSMH | -$4 M | -$5 M | -$21 M | -$25 M | +$25 M |
ZSML vs XSMH exposure
Countries
ZSML
USA
97.80%
XSMH
USA
99.08%
Sectors
ZSML
Finance
25.39%
Technology
13.86%
Industrials
12.89%
Healthcare
10.93%
Consumer Cyclicals
7.80%
Other
29.13%
XSMH
Finance
25.22%
Technology
14.04%
Industrials
12.66%
Healthcare
10.76%
Consumer Cyclicals
7.73%
Other
29.59%
As of November 3, 2026
Top 10 Holdings
ZSML
FormFactor, Inc.
0.62%
Qorvo, Inc.
0.56%
ViaSat, Inc.
0.56%
Glaukos Corp.
0.55%
Match Group, Inc.
0.54%
Protagonist Therapeutics, Inc.
0.53%
CarMax, Inc.
0.49%
Paycom Software, Inc.
0.49%
Ryman Hospitality Properties, Inc.
0.49%
Element Solutions, Inc.
0.48%
XSMH
US4642878049
99.93%
Diversification
ZSML
Total weight of top 10 holdings out of 603 total
5.30%
XSMH
Total weight of top 10 holdings out of 604 total
99.93%
Characteristics
Compare
ZSML
XSMH
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P SmallCap 600 Index - USD | S&P SmallCap 600 Index - CAD Hedged |
| Replication Method | Direct (Physical) | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.04% | 0.95% |
| Meets ESG criteria | No | No |
| Inception Date | February 11, 2020 | September 10, 2019 |
Frequently asked questions about ZSML and XSMH
Which ETF has performed better year to date: ZSML or XSMH?
As of November 3, 2026, ZSML has returned 20.38% year to date, while XSMH has returned 17.45%. ZSML is ahead on YTD performance.
Which ETF is larger by assets under management: ZSML or XSMH?
As of November 3, 2026, ZSML manages $198.86 M in assets, while XSMH manages $51.27 M. ZSML is the larger fund by AUM.
How are ZSML and XSMH managed?
ZSML is passively managed by BMO. It tracks the S&P SmallCap 600 Index - USD benchmark. XSMH is passively managed by iShares. It tracks the S&P SmallCap 600 Index - CAD Hedged benchmark.
Which ETF is more diversified: ZSML or XSMH?
ZSML holds 600 securities, while XSMH holds 1. On holdings count, ZSML is the more diversified portfolio.
Which ETF is attracting more investor flows: ZSML or XSMH?
Year to date, ZSML has seen +$84.47 M in net flows, compared with -$21.41 M for XSMH. ZSML has attracted more net investor money so far.
How do the fees of ZSML and XSMH compare?
ZSML has an expense ratio of 0.22%, while XSMH has an expense ratio of 0.22%.
What sectors do ZSML and XSMH emphasize?
ZSML is most exposed to Finance, Technology, and Industrials. XSMH is most exposed to Finance, Technology, and Industrials.
Recent articles about ZSML and XSMH
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.