VS
BMO Short-Term US TIPS Index ETF (ZTIP.U) and iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTIP.U focuses its top 3 sector exposures on Sovereign, while XTLT.U leans towards Sovereign and Non-Corporate. When evaluating costs, ZTIP.U features a management fee (MER) of 0.15%, compared to 0.18% for XTLT.U. Performance-wise, ZTIP.U has returned 1.12% year-to-date with +$1 M in net flows, whereas XTLT.U is at 8.02% with +$2 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.U
XTLT.U
| AuM | $8.21 M | $9.97 M |
| Management Fees | 0.15% | 0.18% |
| Exp. ratio | 0.17% | 0.18% |
| Tracking Difference | -0.12% | -0.22% |
Historical performance and flows
As of October 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTIP.U | -0.78% | -0.48% | +1.12% | +1.35% | +15.14% |
XTLT.U | -5.07% | -8.31% | -8.02% | -9.47% | +1.16% | |
| Flows | ZTIP.U | +$0 M | -$0 M | +$1 M | +$3 M | +$5 M |
XTLT.U | +$0 M | +$4 M | +$2 M | +$2 M | +$6 M |
ZTIP.U vs XTLT.U exposure
Countries
ZTIP.U
USA
100.00%
XTLT.U
USA
99.58%
Sectors
ZTIP.U
Sovereign
100.00%
XTLT.U
Sovereign
98.50%
As of October 2, 2026
Top 10 Holdings
ZTIP.U
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%
XTLT.U
USA, Bonds 4.75% 15may2055, USD
4.51%
USA, Bonds 4.625% 15may2054, USD
4.28%
USA, Bonds 4.125% 15aug2053, USD
4.18%
USA, Bonds 4.75% 15feb2056, USD
4.13%
USA, Bonds 4.25% 15feb2054, USD
4.04%
USA, Bonds 5% 15may2056, USD
4.02%
USA, Bonds 4.75% 15nov2053, USD
3.98%
USA, Bonds 4.25% 15aug2054, USD
3.95%
USA, Bonds 4.625% 15nov2055, USD
3.85%
USA, Bonds 4.625% 15feb2055, USD
3.81%
Diversification
ZTIP.U
Total weight of top 10 holdings out of 25 total
50.06%
XTLT.U
Total weight of top 10 holdings out of 48 total
40.75%
Characteristics
Compare
ZTIP.U
XTLT.U
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD | ICE U.S. Treasury 20+ 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 | 4.12% | 5.74% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2021 | February 7, 2023 |
Frequently asked questions about ZTIP.U and XTLT.U
Which ETF has performed better year to date: ZTIP.U or XTLT.U?
As of October 2, 2026, ZTIP.U has returned 1.12% year to date, while XTLT.U has returned -8.02%. ZTIP.U is ahead on YTD performance.
Which ETF is larger by assets under management: ZTIP.U or XTLT.U?
As of October 2, 2026, ZTIP.U manages $8.21 M in assets, while XTLT.U manages $9.97 M. XTLT.U is the larger fund by AUM.
How are ZTIP.U and XTLT.U managed?
ZTIP.U is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark. XTLT.U is passively managed by iShares. It tracks the ICE U.S. Treasury 20+ Year Total Return Index - USD benchmark.
What sectors do ZTIP.U and XTLT.U emphasize?
ZTIP.U is most exposed to Sovereign. XTLT.U is most exposed to Sovereign and Non-Corporate.
Which ETF is attracting more investor flows: ZTIP.U or XTLT.U?
Year to date, ZTIP.U has seen +$1.04 M in net flows, compared with +$1.70 M for XTLT.U. XTLT.U has attracted more net investor money so far.
How do the fees of ZTIP.U and XTLT.U compare?
ZTIP.U has an expense ratio of 0.17%, while XTLT.U has an expense ratio of 0.18%.
What are the top holdings of ZTIP.U and XTLT.U?
ZTIP.U'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). XTLT.U's top holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.625% 15may2054, USD, and USA, Bonds 4.125% 15aug2053, USD.
Which ETF is more diversified: ZTIP.U or XTLT.U?
ZTIP.U holds 25 securities, while XTLT.U holds 48. On holdings count, XTLT.U is the more diversified portfolio.
Recent articles about ZTIP.U and XTLT.U
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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.