VS
BMO Mid-Term US Treasury Bond Index ETF (ZTM) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTM focuses its top 3 sector exposures on Sovereign, while XIC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZTM features a management fee (MER) of 0.2%, compared to 0.05% for XIC. Performance-wise, ZTM has returned 0.92% year-to-date with +$20 M in net flows, whereas XIC is at 12.48% with +$7 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
ZTM
XIC
| AuM | $98.12 M | $31,788.04 M |
| Management Fees | 0.20% | 0.05% |
| Exp. ratio | 0.23% | 0.06% |
| Tracking Difference | - | -1.13% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTM | -2.00% | +2.09% | +0.92% | +3.06% | +16.71% |
XIC | +0.89% | +4.49% | +12.48% | +32.16% | +85.36% | |
| Flows | ZTM | +$7 M | +$7 M | +$20 M | +$54 M | +$86 M |
XIC | +$1,003 M | +$1,877 M | +$7,015 M | +$8,315 M | +$13,130 M |
ZTM vs XIC exposure
Countries
ZTM
USA
63.12%
Other
36.88%
XIC
Canada
96.25%
Sectors
ZTM
Sovereign
63.12%
Other
36.88%
XIC
Finance
42.08%
Energy
16.27%
Non-Energy Materials
15.91%
Industrials
8.25%
Other
17.49%
As of July 31, 2026
Top 10 Holdings
ZTM
USA, Notes 4.625% 15feb2035, USD (B-2035)
3.98%
USA, Notes 4.375% 15may2034, USD (C-2034)
3.91%
USA, Notes 4.25% 15nov2034, USD (F-2034)
3.87%
US91282CNC19
3.87%
US91282CNT44
3.86%
USA, Notes 4% 15feb2034, USD (B-2034)
3.82%
US91282CPZ85
3.82%
US91282CPJ44
3.79%
USA, Notes 3.875% 15aug2034, USD (E-2034)
3.78%
USA, Notes 4.5% 15nov2033, USD (F-2033)
3.75%
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
ZTM
Total weight of top 10 holdings out of 45 total
38.45%
XIC
Total weight of top 10 holdings out of 221 total
38.08%
Characteristics
Compare
ZTM
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury 5-10 Year Bond Total Return Index - USD | 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 | 3.40% | 2.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | February 16, 2001 |
Frequently asked questions about ZTM and XIC
Which ETF has performed better year to date: ZTM or XIC?
As of July 31, 2026, ZTM has returned 0.92% year to date, while XIC has returned 12.48%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZTM or XIC?
As of July 31, 2026, ZTM manages $98.12 M in assets, while XIC manages $31.79 B. XIC is the larger fund by AUM.
How are ZTM and XIC managed?
ZTM is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 5-10 Year Bond Total Return Index - USD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZTM and XIC emphasize?
ZTM is most exposed to Sovereign. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZTM or XIC?
Year to date, ZTM has seen +$19.87 M in net flows, compared with +$7,015.39 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZTM and XIC compare?
ZTM has an expense ratio of 0.23%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZTM and XIC?
ZTM's largest holdings include USA, Notes 4.625% 15feb2035, USD (B-2035) and USA, Notes 4.375% 15may2034, USD (C-2034). XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZTM or XIC?
ZTM holds 26 securities, while XIC holds 219. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZTM and XIC
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