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BMO Short-Term US TIPS Index ETF (ZTIP) and BMO Short-Term US Treasury Bond Index ETF (ZTS.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTIP focuses its top 3 sector exposures on Sovereign, while ZTS.U leans towards Sovereign. When evaluating costs, ZTIP features a management fee (MER) of 0.15%, compared to 0.2% for ZTS.U. Performance-wise, ZTIP has returned 4.57% year-to-date with +$26 M in net flows, whereas ZTS.U is at 0.08% with +$7 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
ZTS.U
| AuM | $43.26 M | $32.72 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.17% | 0.22% |
| Tracking Difference | - | -0.20% |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTIP | +1.08% | +0.17% | +4.57% | +2.28% | +18.62% |
ZTS.U | +0.24% | -0.37% | -0.08% | +0.39% | +12.54% | |
| Flows | ZTIP | +$2 M | +$7 M | +$26 M | +$29 M | +$21 M |
ZTS.U | +$0 M | -$6 M | +$7 M | +$10 M | +$14 M |
ZTIP vs ZTS.U exposure
Countries
ZTIP
USA
100.00%
ZTS.U
USA
100.00%
Sectors
ZTIP
Sovereign
100.00%
ZTS.U
Sovereign
100.00%
As of October 19, 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%
ZTS.U
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.41%
USA, Notes 4% 28feb2030, USD (H-2030)
1.23%
USA, Notes 1.625% 15may2031, USD (C-2031)
1.10%
USA, Notes 1.125% 15feb2031, USD (B-2031)
1.08%
USA, Notes 0.875% 15nov2030, USD (F-2030)
1.08%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.07%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
0.90%
USA, Notes 4.5% 31may2029, USD (Z-2029)
0.89%
USA, Notes 4.375% 31dec2029, USD (AH-2029)
0.89%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.89%
Diversification
ZTIP
Total weight of top 10 holdings out of 25 total
50.06%
ZTS.U
Total weight of top 10 holdings out of 147 total
10.53%
Characteristics
Compare
ZTIP
ZTS.U
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD | Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.99% | 3.06% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | February 28, 2017 |
Frequently asked questions about ZTIP and ZTS.U
Which ETF has performed better year to date: ZTIP or ZTS.U?
As of October 19, 2026, ZTIP has returned 4.57% year to date, while ZTS.U has returned -0.08%. ZTIP is ahead on YTD performance.
Which ETF is larger by assets under management: ZTIP or ZTS.U?
As of October 19, 2026, ZTIP manages $43.26 M in assets, while ZTS.U manages $32.72 M. ZTIP is the larger fund by AUM.
How are ZTIP and ZTS.U managed?
ZTIP is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark. ZTS.U is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD benchmark.
What sectors do ZTIP and ZTS.U emphasize?
ZTIP is most exposed to Sovereign. ZTS.U is most exposed to Sovereign.
Which ETF is attracting more investor flows: ZTIP or ZTS.U?
Year to date, ZTIP has seen +$26.06 M in net flows, compared with +$7.20 M for ZTS.U. ZTIP has attracted more net investor money so far.
How do the fees of ZTIP and ZTS.U compare?
ZTIP has an expense ratio of 0.17%, while ZTS.U has an expense ratio of 0.22%.
What are the top holdings of ZTIP and ZTS.U?
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). ZTS.U's top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4% 28feb2030, USD (H-2030), and USA, Notes 1.625% 15may2031, USD (C-2031).
Which ETF is more diversified: ZTIP or ZTS.U?
ZTIP holds 25 securities, while ZTS.U holds 147. On holdings count, ZTS.U is the more diversified portfolio.
Recent articles about ZTIP and ZTS.U
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