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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 Information Technology, Financials, and Communication Services, while ZJAN leans towards Information Technology, Financials, and Communication Services. When evaluating costs, ZSP features a management fee (MER) of 0.08%, compared to 0.73% for ZJAN. Performance-wise, ZSP has returned 1.84% year-to-date with +$154 M in net flows, whereas ZJAN is at 1.04% 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 | $20,782.75 M | $133.35 M |
| Management Fees | 0.08% | 0.73% |
| Exp. ratio | 0.09% | 0.73% |
| Tracking Difference | -0.65% | - |
Historical performance and flows
As of April 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZSP | +0.58% | -3.85% | -1.84% | +28.86% | +71.67% |
ZJAN | -0.41% | -1.53% | -1.04% | +15.35% | - | |
| Flows | ZSP | -$199 M | +$30 M | +$154 M | +$1,264 M | +$4,289 M |
ZJAN | +$1 M | +$43 M | +$43 M | +$51 M | - |
ZSP vs ZJAN exposure
Countries
ZSP
USA
96.94%
ZJAN
USA
95.98%
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%
ZJAN
Information Technology
33.74%
Financials
10.44%
Communication Services
10.20%
Consumer Discretionary
9.88%
Health Care
9.37%
Industrials
8.44%
Other
17.93%
As of April 6, 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%
ZJAN
NVIDIA
7.54%
APPLE
6.78%
MICROSOFT-T
5.02%
AMAZON.COM INC
3.40%
ALPHABET INC-CL
3.01%
BROADCOM LIMITED
2.55%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.39%
TESLA
1.93%
BERKSHIRE HATHWAY
1.55%
Diversification
ZSP
Total weight of top 10 holdings out of 502 total
36.93%
ZJAN
Total weight of top 10 holdings out of 503 total
36.57%
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 | 0.86% | 0.48% |
| 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 April 6, 2026, ZSP has returned -1.84% year to date, while ZJAN has returned -1.04%. ZJAN is ahead on YTD performance.
Which ETF is larger by assets under management: ZSP or ZJAN?
As of April 6, 2026, ZSP manages $20.78 B in assets, while ZJAN manages $133.35 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 Information Technology, Financials, and Communication Services. ZJAN is most exposed to Information Technology, Financials, and Communication Services.
Which ETF is attracting more investor flows: ZSP or ZJAN?
Year to date, ZSP has seen +$154.08 M in net flows, compared with +$42.52 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, APPLE, and ALPHABET INC-CL. ZJAN's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: ZSP or ZJAN?
ZSP holds 478 securities, while ZJAN holds 478. 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
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