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Compare BMO Short-Term US Treasury Bond Index ETF (ZTS) vs iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH) to find the best fit for your portfolio. ZTS provides Sovereign exposures, while XTLH is primarily weighted in Sovereign and Non-Corporate. When evaluating costs, ZTS features a management fee (MER) of 0.2%, compared to 0.18% for XTLH. Performance-wise, ZTS has returned 4.27% year-to-date with -$15 M in net flows, whereas XTLH is at 5.4% with +$94 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
ZTS
XTLH
| AuM | $101.23 M | $354.79 M |
| Management Fees | 0.20% | 0.18% |
| Exp. ratio | 0.23% | 0.18% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTS | +0.94% | +2.32% | +4.27% | +2.77% | +15.77% |
XTLH | +3.44% | -1.02% | -5.40% | -7.84% | -0.71% | |
| Flows | ZTS | +$5 M | +$0 M | -$15 M | +$41 M | +$63 M |
XTLH | +$34 M | +$84 M | +$94 M | +$73 M | +$306 M |
ZTS vs XTLH exposure
Countries
ZTS
USA
97.55%
XTLH
USA
97.01%
Sectors
ZTS
Sovereign
97.55%
XTLH
Sovereign
96.99%
As of November 11, 2026
Top 10 Holdings
ZTS
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.23%
USA, Notes 4% 28feb2030, USD (H-2030)
1.21%
USA, Notes 1.25% 15aug2031, USD (E-2031)
1.20%
USA, Notes 1.625% 15may2031, USD (C-2031)
1.08%
USA, Notes 1.125% 15feb2031, USD (B-2031)
1.06%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.06%
USA, Notes 0.875% 15nov2030, USD (F-2030)
1.06%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
0.89%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.88%
USA, Notes 4.5% 31may2029, USD (Z-2029)
0.88%
XTLH
US4642874329
99.93%
Diversification
ZTS
Total weight of top 10 holdings out of 149 total
10.55%
XTLH
Total weight of top 10 holdings out of 48 total
99.93%
Characteristics
Compare
ZTS
XTLH
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD | ICE U.S. Treasury 20+ Year Bond Index - CAD Hedged |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.94% | 4.65% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | February 7, 2023 |
Frequently asked questions about ZTS and XTLH
Which ETF has performed better year to date: ZTS or XTLH?
As of November 11, 2026, ZTS has returned 4.27% year to date, while XTLH has returned -5.40%. ZTS is ahead on YTD performance.
Which ETF is larger by assets under management: ZTS or XTLH?
As of November 11, 2026, ZTS manages $101.23 M in assets, while XTLH manages $354.79 M. XTLH is the larger fund by AUM.
How are ZTS and XTLH managed?
ZTS is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD benchmark. XTLH is passively managed by iShares. It tracks the ICE U.S. Treasury 20+ Year Bond Index - CAD Hedged benchmark.
Which ETF is more diversified: ZTS or XTLH?
ZTS holds 147 securities, while XTLH holds 1. On holdings count, ZTS is the more diversified portfolio.
Which ETF is attracting more investor flows: ZTS or XTLH?
Year to date, ZTS has seen -$14.64 M in net flows, compared with +$94.37 M for XTLH. XTLH has attracted more net investor money so far.
How do the fees of ZTS and XTLH compare?
ZTS has an expense ratio of 0.23%, while XTLH has an expense ratio of 0.18%.
What sectors do ZTS and XTLH emphasize?
ZTS is most exposed to Sovereign. XTLH is most exposed to Sovereign and Non-Corporate.
Recent articles about ZTS and XTLH
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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.