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Compare BMO Ultra Short-Term Bond ETF (ZST) vs BMO Ultra Short-Term Bond ETF (ZST.L) to find the best fit for your portfolio. ZST and ZST.L provide the same top sector exposures: Finance, Utilities, and Energy. When evaluating costs, ZST features a management fee (MER) of 0.15%, compared to 0.15% for ZST.L. Performance-wise, ZST has returned 1.72% year-to-date with -$633 M in net flows, whereas ZST.L is at 1.72% with +$135 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
ZST
ZST.L
| AuM | $3,473.33 M | $657.90 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZST | +0.18% | +0.65% | +1.72% | +2.68% | +12.55% |
ZST.L | +0.18% | +0.65% | +1.72% | +2.67% | +12.55% | |
| Flows | ZST | -$27 M | -$52 M | -$633 M | -$1,167 M | +$2,372 M |
ZST.L | +$6 M | +$28 M | +$135 M | +$169 M | +$398 M |
ZST vs ZST.L exposure
Countries
ZST
Canada
91.33%
Other
8.67%
ZST.L
Canada
91.33%
Other
8.67%
Sectors
ZST
Finance
63.91%
Utilities
9.70%
Energy
8.99%
Other
17.40%
ZST.L
Finance
63.91%
Utilities
9.70%
Energy
8.99%
Other
17.40%
As of September 3, 2026
Top 10 Holdings
ZST
Bank of Nova Scotia, 1.85% 2nov2026, CAD
9.85%
North West Redwater Partnership, 2.8% 1jun2027, CAD (J)
6.76%
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
6.59%
Alectra, 2.488% 17may2027, CAD (A)
6.17%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
5.78%
Sun Life Financial, 2.46% 18nov2031, CAD (2021-1)
4.05%
Ventas, 2.45% 4jan2027, CAD (G)
3.93%
Toronto-Dominion Bank, 2.26% 7jan2027, CAD
3.72%
CIBC, 2.25% 7jan2027, CAD (7449)
3.62%
Mercedes-Benz Group, 2.46% 15dec2026, CAD
2.99%
ZST.L
Bank of Nova Scotia, 1.85% 2nov2026, CAD
9.85%
North West Redwater Partnership, 2.8% 1jun2027, CAD (J)
6.76%
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
6.59%
Alectra, 2.488% 17may2027, CAD (A)
6.17%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
5.78%
Sun Life Financial, 2.46% 18nov2031, CAD (2021-1)
4.05%
Ventas, 2.45% 4jan2027, CAD (G)
3.93%
Toronto-Dominion Bank, 2.26% 7jan2027, CAD
3.72%
CIBC, 2.25% 7jan2027, CAD (7449)
3.62%
Mercedes-Benz Group, 2.46% 15dec2026, CAD
2.99%
Diversification
ZST
Total weight of top 10 holdings out of 49 total
53.45%
ZST.L
Total weight of top 10 holdings out of 49 total
53.45%
Characteristics
Frequently asked questions about ZST and ZST.L
Which ETF has performed better year to date: ZST or ZST.L?
As of September 3, 2026, ZST has returned 1.72% year to date, while ZST.L has returned 1.72%. ZST is ahead on YTD performance.
Which ETF is larger by assets under management: ZST or ZST.L?
As of September 3, 2026, ZST manages $3.47 B in assets, while ZST.L manages $657.90 M. ZST is the larger fund by AUM.
How are ZST and ZST.L managed?
ZST is actively managed by BMO. It does not track an index. ZST.L is actively managed by BMO. It does not track an index.
What sectors do ZST and ZST.L emphasize?
ZST is most exposed to Finance, Utilities, and Energy. ZST.L is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: ZST or ZST.L?
Year to date, ZST has seen -$633.15 M in net flows, compared with +$135.32 M for ZST.L. ZST.L has attracted more net investor money so far.
How do the fees of ZST and ZST.L compare?
ZST has an expense ratio of 0.17%, while ZST.L has an expense ratio of 0.17%.
What are the top holdings of ZST and ZST.L?
ZST's largest holdings include Bank of Nova Scotia, 1.85% 2nov2026, CAD, North West Redwater Partnership, 2.8% 1jun2027, CAD (J), and Royal Bank of Canada, 2.14% 3nov2031, CAD (24). ZST.L's top holdings include Bank of Nova Scotia, 1.85% 2nov2026, CAD, North West Redwater Partnership, 2.8% 1jun2027, CAD (J), and Royal Bank of Canada, 2.14% 3nov2031, CAD (24).
Which ETF is more diversified: ZST or ZST.L?
ZST holds 49 securities, while ZST.L holds 49. On holdings count, ZST is the more diversified portfolio.
Recent articles about ZST and ZST.L
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