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BMO US Preferred Share Index ETF (ZUP) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZUP focuses its top 3 sector exposures on Finance, Telecommunications, and Utilities, while XIC leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZUP features a management fee (MER) of 0.45%, compared to 0.05% for XIC. Performance-wise, ZUP has returned 0.16% year-to-date with +$3 M in net flows, whereas XIC is at 14.22% with +$9 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
ZUP
XIC
| AuM | $43.80 M | $33,904.07 M |
| Management Fees | 0.45% | 0.05% |
| Exp. ratio | 0.50% | 0.06% |
| Tracking Difference | 0.02% | -0.09% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUP | -1.41% | -2.55% | -0.16% | -3.50% | +18.17% |
XIC | -1.93% | +3.51% | +14.22% | +24.11% | +91.80% | |
| Flows | ZUP | +$0 M | +$1 M | +$3 M | +$3 M | +$1 M |
XIC | +$1,611 M | +$3,063 M | +$8,684 M | +$9,268 M | +$14,741 M |
ZUP vs XIC exposure
Countries
ZUP
USA
91.45%
Bermuda
8.55%
XIC
Canada
96.46%
Sectors
ZUP
Finance
82.77%
Telecommunications
8.16%
Other
9.07%
XIC
Finance
41.74%
Energy
17.17%
Non-Energy Materials
15.75%
Industrials
8.14%
Other
17.19%
As of September 11, 2026
Top 10 Holdings
ZUP
Whirlpool Corp.
1.04%
Brookfield Property Partners LP
1.03%
Brookfield Property Partners LP
0.99%
Arbor Realty Trust, Inc.
0.88%
Qwest Corporation, 6.75% 15jun2052, USD
0.84%
KKR Real Estate Finance Trust, Inc.
0.83%
Qwest Corporation, 6.5% 1sep2051, USD
0.82%
Qwest Corporation, 6.75% 15jun2057, USD
0.81%
Qwest Corporation, 6.5% 1sep2056, USD
0.81%
F&G Annuities & Life, 7.3% 15jan2065, USD
0.80%
XIC
Royal Bank of Canada
8.10%
The Toronto-Dominion Bank
5.52%
Shopify, Inc.
4.12%
Bank of Montreal
3.45%
Enbridge, Inc.
3.34%
Canadian Imperial Bank of Commerce
3.00%
The Bank of Nova Scotia
2.98%
Canadian Natural Resources Ltd.
2.72%
Brookfield Corp.
2.48%
Suncor Energy, Inc.
2.17%
Diversification
ZUP
Total weight of top 10 holdings out of 156 total
8.86%
XIC
Total weight of top 10 holdings out of 219 total
37.87%
Characteristics
Compare
ZUP
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Preferred Share Select Net Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.22% | 1.97% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | February 16, 2001 |
Frequently asked questions about ZUP and XIC
Which ETF has performed better year to date: ZUP or XIC?
As of September 11, 2026, ZUP has returned -0.16% year to date, while XIC has returned 14.22%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: ZUP or XIC?
As of September 11, 2026, ZUP manages $43.80 M in assets, while XIC manages $33.90 B. XIC is the larger fund by AUM.
How are ZUP and XIC managed?
ZUP is passively managed by BMO. It tracks the Solactive US Preferred Share Select Net Total Return 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 ZUP and XIC emphasize?
ZUP is most exposed to Finance, Telecommunications, and Utilities. XIC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZUP or XIC?
Year to date, ZUP has seen +$3.02 M in net flows, compared with +$8,683.86 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZUP and XIC compare?
ZUP has an expense ratio of 0.50%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZUP and XIC?
ZUP's largest holdings include Rithm Capital Corp., Athene Holding Ltd., and Vornado Realty Trust. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZUP or XIC?
ZUP holds 105 securities, while XIC holds 219. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZUP and XIC
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