Compare BMO S&P 500 Index ETF (ZSP) vs iShares Core S&P 500 Index ETF (XSP) to find the best fit for your portfolio. ZSP and XSP provide the same top sector exposures: Information Technology, Financials, and Communication Services. When evaluating costs, ZSP features a management fee (MER) of 0.08%, compared to 0.08% for XSP. Performance-wise, ZSP has returned 1.84% year-to-date with +$154 M in net flows, whereas XSP is at 4.14% with +$525 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
ZSP
XSP
| AuM | $20,782.75 M | $13,658.54 M |
| Management Fees | 0.08% | 0.08% |
| Exp. ratio | 0.09% | 0.09% |
| Tracking Difference | -0.65% | - |
Historical performance and flows
As of April 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZSP | +0.58% | -3.85% | -1.84% | +28.86% | +71.67% |
XSP | -4.49% | -4.30% | -4.14% | +15.12% | +58.19% | |
| Flows | ZSP | -$199 M | +$30 M | +$154 M | +$1,264 M | +$4,289 M |
XSP | +$361 M | +$525 M | +$525 M | +$723 M | +$1,427 M |
ZSP vs XSP exposure
Countries
ZSP
USA
96.94%
XSP
USA
96.80%
Sectors
ZSP
Information Technology
34.08%
Financials
10.54%
Communication Services
10.30%
Consumer Discretionary
9.98%
Health Care
9.46%
Industrials
8.53%
Other
17.11%
XSP
Information Technology
33.98%
Financials
10.48%
Communication Services
10.27%
Consumer Discretionary
10.04%
Health Care
9.46%
Industrials
8.46%
Other
17.31%
As of April 2, 2026
Top 10 Holdings
ZSP
NVIDIA
7.62%
APPLE
6.84%
MICROSOFT-T
5.07%
AMAZON.COM INC
3.44%
ALPHABET INC-CL
3.04%
BROADCOM LIMITED
2.58%
ALPHABET INC-CL
2.42%
META PLATFORMS
2.42%
TESLA
1.94%
BERKSHIRE HATHWAY
1.57%
XSP
NVIDIA
7.59%
APPLE
6.82%
MICROSOFT-T
5.05%
AMAZON.COM INC
3.42%
ALPHABET INC-CL
3.02%
BROADCOM LIMITED
2.57%
META PLATFORMS
2.42%
ALPHABET INC-CL
2.41%
TESLA
1.94%
BERKSHIRE HATHWAY
1.56%
Diversification
ZSP
Total weight of top 10 holdings out of 502 total
36.93%
XSP
Total weight of top 10 holdings out of 504 total
36.79%
Characteristics
Compare
ZSP
XSP
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 CAD Total Return Index - CAD | S&P 500 CAD Hedged Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.86% | 1.28% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | May 24, 2001 |
Frequently asked questions about ZSP and XSP
Which ETF has performed better year to date: ZSP or XSP?
As of April 2, 2026, ZSP has returned -1.84% year to date, while XSP has returned -4.14%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: ZSP or XSP?
As of April 2, 2026, ZSP manages $20.78 B in assets, while XSP manages $13.66 B. ZSP is the larger fund by AUM.
How are ZSP and XSP managed?
ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark. XSP is passively managed by iShares. It tracks the S&P 500 CAD Hedged Total Return Index - CAD benchmark.
What sectors do ZSP and XSP emphasize?
ZSP is most exposed to Information Technology, Financials, and Communication Services. XSP is most exposed to Information Technology, Financials, and Communication Services.
Which ETF is attracting more investor flows: ZSP or XSP?
Year to date, ZSP has seen +$154.08 M in net flows, compared with +$525.12 M for XSP. XSP has attracted more net investor money so far.
How do the fees of ZSP and XSP compare?
ZSP has an expense ratio of 0.09%, while XSP has an expense ratio of 0.09%.
What are the top holdings of ZSP and XSP?
ZSP's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. XSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: ZSP or XSP?
ZSP holds 478 securities, while XSP holds 479. On holdings count, XSP is the more diversified portfolio.
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