VS
BMO S&P 500 Index ETF (ZSP) and BMO US Equity Buffer Hedged to CAD ETF - January (ZJAN) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZSP focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while ZJAN leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, ZSP features a management fee (MER) of 0.08%, compared to 0.73% for ZJAN. Performance-wise, ZSP has returned 9.99% year-to-date with +$418 M in net flows, whereas ZJAN is at 3.77% with +$43 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
ZJAN
| AuM | $23,528.99 M | $139.86 M |
| Management Fees | 0.08% | 0.73% |
| Exp. ratio | 0.09% | 0.73% |
| Tracking Difference | -0.10% | - |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZSP | -2.65% | +5.57% | +9.99% | +18.27% | +75.36% |
ZJAN | -0.09% | +1.76% | +3.77% | +7.99% | - | |
| Flows | ZSP | -$83 M | +$119 M | +$418 M | +$1,121 M | +$5,284 M |
ZJAN | +$0 M | +$0 M | +$43 M | +$50 M | - |
ZSP vs ZJAN exposure
Countries
ZSP
USA
97.59%
ZJAN
USA
99.95%
Sectors
ZSP
Technology
45.24%
Finance
13.35%
Consumer Non-Cyclicals
8.96%
Healthcare
8.87%
Industrials
7.90%
Other
15.69%
ZJAN
Technology
46.33%
Finance
13.68%
Consumer Non-Cyclicals
9.18%
Healthcare
9.08%
Industrials
8.09%
Other
13.64%
As of July 29, 2026
Top 10 Holdings
ZSP
NVIDIA Corp.
7.39%
Apple, Inc.
6.48%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.68%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.76%
Alphabet, Inc.
2.60%
Micron Technology, Inc.
2.03%
Meta Platforms, Inc.
1.94%
Tesla, Inc.
1.81%
ZJAN
NVIDIA Corp.
7.57%
Apple, Inc.
6.63%
Microsoft Corp.
4.39%
Amazon.com, Inc.
3.77%
Alphabet, Inc.
3.32%
Broadcom Inc.
2.82%
Alphabet, Inc.
2.66%
Micron Technology, Inc.
2.08%
Meta Platforms, Inc.
1.98%
Tesla, Inc.
1.86%
Diversification
ZSP
Total weight of top 10 holdings out of 502 total
36.20%
ZJAN
Total weight of top 10 holdings out of 503 total
37.08%
Characteristics
Compare
ZSP
ZJAN
| Provider | BMO | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | S&P 500 CAD Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.79% | 0.46% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | January 26, 2024 |
Frequently asked questions about ZSP and ZJAN
Which ETF has performed better year to date: ZSP or ZJAN?
As of July 29, 2026, ZSP has returned 9.99% year to date, while ZJAN has returned 3.77%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: ZSP or ZJAN?
As of July 29, 2026, ZSP manages $23.53 B in assets, while ZJAN manages $139.86 M. ZSP is the larger fund by AUM.
How are ZSP and ZJAN managed?
ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark. ZJAN is actively managed by BMO. It does not track an index.
What sectors do ZSP and ZJAN emphasize?
ZSP is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZJAN is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: ZSP or ZJAN?
Year to date, ZSP has seen +$418.27 M in net flows, compared with +$42.71 M for ZJAN. ZSP has attracted more net investor money so far.
How do the fees of ZSP and ZJAN compare?
ZSP has an expense ratio of 0.09%, while ZJAN has an expense ratio of 0.73%.
What are the top holdings of ZSP and ZJAN?
ZSP's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. ZJAN's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZSP or ZJAN?
ZSP holds 495 securities, while ZJAN holds 495. On holdings count, ZSP is the more diversified portfolio.
Recent articles about ZSP and ZJAN
Building a Buffer with BMO ETFs
BMO ETF launches the BMO US Equity Buffer Hedged to CAD ETF – January.
Posted on 1/30/2024 by Kyle Anthony inMoving Markets
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.