VS
Compare BMO Short-Term US TIPS Index ETF (ZTIP) vs Mackenzie US TIPS Index ETF (QTIP) to find the best fit for your portfolio. ZTIP and QTIP provide the same top sector exposures: Sovereign. When evaluating costs, ZTIP features a management fee (MER) of 0.15%, compared to 0.15% for QTIP. Performance-wise, ZTIP has returned 4.57% year-to-date with +$26 M in net flows, whereas QTIP is at 2.35% with +$10 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
ZTIP
QTIP
| AuM | $43.26 M | $398.11 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTIP | +1.08% | +0.17% | +4.57% | +2.28% | +18.62% |
QTIP | -0.40% | -2.32% | -2.35% | -3.49% | +8.14% | |
| Flows | ZTIP | +$2 M | +$7 M | +$26 M | +$29 M | +$21 M |
QTIP | +$11 M | +$25 M | +$10 M | +$49 M | +$20 M |
ZTIP vs QTIP exposure
Countries
ZTIP
USA
100.00%
QTIP
USA
100.00%
Sectors
ZTIP
Sovereign
100.00%
QTIP
Sovereign
100.00%
As of October 16, 2026
Top 10 Holdings
ZTIP
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.39%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.32%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.29%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.11%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.96%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
4.90%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.85%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.73%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
4.72%
QTIP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.47%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.39%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
5.24%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
4.95%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.76%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.67%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.34%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.71%
USA, TIPS 0.125% 15jan2030, USD (A-2030)
3.43%
Diversification
ZTIP
Total weight of top 10 holdings out of 25 total
50.06%
QTIP
Total weight of top 10 holdings out of 47 total
45.75%
Characteristics
Compare
ZTIP
QTIP
| Provider | BMO | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD | Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.99% | 5.23% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | January 24, 2018 |
Frequently asked questions about ZTIP and QTIP
Which ETF has performed better year to date: ZTIP or QTIP?
As of October 16, 2026, ZTIP has returned 4.57% year to date, while QTIP has returned -2.35%. ZTIP is ahead on YTD performance.
Which ETF is larger by assets under management: ZTIP or QTIP?
As of October 16, 2026, ZTIP manages $43.26 M in assets, while QTIP manages $398.11 M. QTIP is the larger fund by AUM.
How are ZTIP and QTIP managed?
ZTIP is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark. QTIP is passively managed by Mackenzie Investments. It tracks the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD benchmark.
What sectors do ZTIP and QTIP emphasize?
ZTIP is most exposed to Sovereign. QTIP is most exposed to Sovereign.
Which ETF is attracting more investor flows: ZTIP or QTIP?
Year to date, ZTIP has seen +$26.06 M in net flows, compared with +$10.31 M for QTIP. ZTIP has attracted more net investor money so far.
How do the fees of ZTIP and QTIP compare?
ZTIP has an expense ratio of 0.17%, while QTIP has an expense ratio of 0.17%.
What are the top holdings of ZTIP and QTIP?
ZTIP's largest holdings include USA, TIPS 1.125% 15oct2030, USD (AE-2030), USA, TIPS 1.25% 15apr2031, USD (X-2031), and USA, TIPS 1.625% 15apr2030, USD (X-2030). QTIP's top holdings include USA, TIPS 1.875% 15jul2035, USD (D-2035), USA, TIPS 0.125% 15jan2031, USD (A-2031), and USA, TIPS 1.875% 15jul2034, USD (D-2034).
Which ETF is more diversified: ZTIP or QTIP?
ZTIP holds 25 securities, while QTIP holds 47. On holdings count, QTIP is the more diversified portfolio.
Recent articles about ZTIP and QTIP
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