When evaluating costs, ZUCM features a management fee (MER) of 0.14%, compared to 0.08% for ZSP. Performance-wise, ZUCM has returned 4.43% year-to-date with -$241 M in net flows, whereas ZSP is at 11.96% with +$291 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
ZUCM
ZSP
| AuM | $48.90 M | $23,825.17 M |
| Management Fees | 0.14% | 0.08% |
| Exp. ratio | 0.14% | 0.09% |
| Tracking Difference | - | -0.10% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUCM | -0.74% | +3.95% | +4.43% | +6.62% | - |
ZSP | +0.08% | +8.15% | +11.96% | +22.47% | +80.87% | |
| Flows | ZUCM | +$2 M | +$2 M | -$241 M | +$19 M | - |
ZSP | -$96 M | +$12 M | +$291 M | +$899 M | +$5,074 M |
ZUCM vs ZSP exposure
Countries
ZUCM
Other
100.00%
ZSP
USA
97.59%
Sectors
ZUCM
Other
100.00%
ZSP
Technology
45.24%
Finance
13.35%
Consumer Non-Cyclicals
8.96%
Healthcare
8.87%
Industrials
7.90%
Other
15.69%
As of July 20, 2026
Top 10 Holdings
ZUCM
US912797UT22
27.28%
US912797UK13
18.79%
US912797US49
16.70%
US912797UX34
9.14%
US912797SA68
8.96%
US912797UD79
6.83%
US912797UE52
6.61%
US912797UL95
2.89%
US912797UG01
1.33%
US912797UH83
0.96%
ZSP
NVIDIA Corp.
7.39%
Apple, Inc.
6.48%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.68%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.76%
Alphabet, Inc.
2.60%
Micron Technology, Inc.
2.03%
Meta Platforms, Inc.
1.94%
Tesla, Inc.
1.81%
Diversification
ZUCM
Total weight of top 10 holdings out of 11 total
99.49%
ZSP
Total weight of top 10 holdings out of 502 total
36.20%
Characteristics
Compare
ZUCM
ZSP
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.71% | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | October 2, 2023 | November 14, 2012 |
Frequently asked questions about ZUCM and ZSP
Which ETF has performed better year to date: ZUCM or ZSP?
As of July 20, 2026, ZUCM has returned 4.43% year to date, while ZSP has returned 11.96%. ZSP is ahead on YTD performance.
Which ETF is larger by assets under management: ZUCM or ZSP?
As of July 20, 2026, ZUCM manages $48.90 M in assets, while ZSP manages $23.83 B. ZSP is the larger fund by AUM.
How are ZUCM and ZSP managed?
ZUCM is actively managed by BMO. It does not track an index. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: ZUCM or ZSP?
Year to date, ZUCM has seen -$240.56 M in net flows, compared with +$290.69 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of ZUCM and ZSP compare?
ZUCM has an expense ratio of 0.14%, while ZSP has an expense ratio of 0.09%.
Which ETF is more diversified: ZUCM or ZSP?
ZUCM holds 1 securities, while ZSP holds 495. On holdings count, ZSP is the more diversified portfolio.
Recent articles about ZUCM and ZSP
A Guide to Active vs Passive ETFs for Canadian Investors
Discover the difference between active and passive ETFs in this comprehensive guide. Learn about their strategies, advantages, drawbacks, and how to combine both for a balanced investment approach.
Posted on 7/19/2023 by Tony Dong inETF Ecosystem
BMO ETF Spotlight - More than Just a Bank
BMO is more than just a bank, learn more about BMO’s extensive ETF offerings.
Posted on 3/22/2023 by ETF Market Canada inBanks
The Top Canadian ETFs by AUM in 2023
These ETFs rank among the largest in the Canadian industry.
Posted on 1/11/2023 by Tony Dong inETFs
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.