BMO Short-Term US TIPS Index ETF (ZTIP) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTIP focuses its top 3 sector exposures on Sovereign, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, ZTIP features a management fee (MER) of 0.15%, compared to 0.08% for ZSP. Performance-wise, ZTIP has returned 4.2% year-to-date with +$26 M in net flows, whereas ZSP is at 16.19% with +$1 B. 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
ZSP
| AuM | $43.11 M | $25,454.20 M |
| Management Fees | 0.15% | 0.08% |
| Exp. ratio | 0.17% | 0.09% |
| Tracking Difference | - | -0.05% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTIP | +0.71% | -0.19% | +4.20% | +1.91% | +18.07% |
ZSP | -0.47% | +3.78% | +16.19% | +15.75% | +92.97% | |
| Flows | ZTIP | +$2 M | +$7 M | +$26 M | +$29 M | +$21 M |
ZSP | +$412 M | +$777 M | +$1,062 M | +$1,848 M | +$5,704 M |
ZTIP vs ZSP exposure
Countries
ZTIP
USA
100.00%
ZSP
USA
97.65%
Sectors
ZTIP
Sovereign
100.00%
ZSP
Technology
45.20%
Finance
13.72%
Healthcare
9.09%
Consumer Non-Cyclicals
8.98%
Industrials
7.57%
Other
15.44%
As of October 20, 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%
ZSP
NVIDIA Corp.
7.95%
Apple, Inc.
7.09%
Microsoft Corp.
5.75%
Amazon.com, Inc.
3.93%
Alphabet, Inc.
3.06%
Broadcom Inc.
2.64%
Alphabet, Inc.
2.44%
Meta Platforms, Inc.
1.92%
Micron Technology, Inc.
1.59%
Tesla, Inc.
1.48%
Diversification
ZTIP
Total weight of top 10 holdings out of 25 total
50.06%
ZSP
Total weight of top 10 holdings out of 502 total
37.84%
Characteristics
Compare
ZTIP
ZSP
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.00% | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | November 14, 2012 |
Frequently asked questions about ZTIP and ZSP
Which ETF has performed better year to date: ZTIP or ZSP?
As of October 20, 2026, ZTIP has returned 4.20% year to date, while ZSP has returned 16.19%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: ZTIP or ZSP?
As of October 20, 2026, ZTIP manages $43.11 M in assets, while ZSP manages $25.45 B. ZSP is the larger fund by AUM.
How are ZTIP and ZSP managed?
ZTIP is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do ZTIP and ZSP emphasize?
ZTIP is most exposed to Sovereign. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: ZTIP or ZSP?
Year to date, ZTIP has seen +$26.06 M in net flows, compared with +$1,062.34 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of ZTIP and ZSP compare?
ZTIP has an expense ratio of 0.17%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of ZTIP and ZSP?
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). ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: ZTIP or ZSP?
ZTIP holds 25 securities, while ZSP holds 499. On holdings count, ZSP is the more diversified portfolio.
Recent articles about ZTIP and ZSP
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.