VS
BMO Long-Term US Treasury Bond Index ETF (ZTL) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTL focuses its top 3 sector exposures on Sovereign, while XIC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZTL features a management fee (MER) of 0.2%, compared to 0.05% for XIC. Performance-wise, ZTL has returned 3.17% year-to-date with +$44 M in net flows, whereas XIC is at 17.02% with +$8 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
ZTL
XIC
| AuM | $97.39 M | $33,786.20 M |
| Management Fees | 0.20% | 0.05% |
| Exp. ratio | 0.22% | 0.06% |
| Tracking Difference | -0.22% | -0.10% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTL | -3.87% | -1.46% | -3.17% | -1.48% | +2.47% |
XIC | +3.71% | +7.00% | +17.02% | +33.46% | +100.81% | |
| Flows | ZTL | +$5 M | +$30 M | +$44 M | +$11 M | -$54 M |
XIC | +$1,120 M | +$2,362 M | +$7,729 M | +$8,870 M | +$13,874 M |
ZTL vs XIC exposure
Countries
ZTL
USA
100.00%
XIC
Canada
96.25%
Sectors
ZTL
Sovereign
100.00%
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
As of August 21, 2026
Top 10 Holdings
ZTL
USA, Bonds 4.75% 15feb2056, USD
4.13%
USA, Bonds 4.75% 15aug2055, USD
4.13%
USA, Bonds 4.75% 15may2055, USD
4.12%
USA, Bonds 4.625% 15nov2055, USD
4.04%
USA, Bonds 4.625% 15feb2055, USD
4.04%
USA, Bonds 4.625% 15may2054, USD
4.04%
USA, Bonds 4.5% 15nov2054, USD
3.96%
USA, Bonds 4.75% 15nov2053, USD
3.87%
USA, Bonds 4.25% 15aug2054, USD
3.80%
USA, Bonds 4.25% 15feb2054, USD
3.79%
XIC
Royal Bank of Canada
8.22%
The Toronto-Dominion Bank
5.77%
Shopify, Inc.
3.97%
Bank of Montreal
3.52%
Enbridge, Inc.
3.36%
The Bank of Nova Scotia
3.04%
Canadian Imperial Bank of Commerce
3.01%
Brookfield Corp.
2.59%
Canadian Natural Resources Ltd.
2.35%
Agnico Eagle Mines Ltd.
2.25%
Diversification
ZTL
Total weight of top 10 holdings out of 40 total
39.92%
XIC
Total weight of top 10 holdings out of 221 total
38.08%
Characteristics
Compare
ZTL
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury 20+ Year Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.38% | 1.92% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | February 16, 2001 |
Frequently asked questions about ZTL and XIC
Which ETF has performed better year to date: ZTL or XIC?
As of August 21, 2026, ZTL has returned -3.17% year to date, while XIC has returned 17.02%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZTL or XIC?
As of August 21, 2026, ZTL manages $97.39 M in assets, while XIC manages $33.79 B. XIC is the larger fund by AUM.
How are ZTL and XIC managed?
ZTL is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZTL and XIC emphasize?
ZTL is most exposed to Sovereign. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZTL or XIC?
Year to date, ZTL has seen +$44.38 M in net flows, compared with +$7,728.67 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZTL and XIC compare?
ZTL has an expense ratio of 0.22%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZTL and XIC?
ZTL's largest holdings include USA, Bonds 4.75% 15feb2056, USD, USA, Bonds 4.75% 15aug2055, USD, and USA, Bonds 4.75% 15may2055, USD. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZTL or XIC?
ZTL holds 40 securities, while XIC holds 219. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZTL and XIC
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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.