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Compare BMO MSCI USA High Quality Index ETF (ZUQ) vs iShares MSCI USA Quality Factor Index ETF (XQLT) to find the best fit for your portfolio. ZUQ provides Technology, Healthcare, and Finance exposures, while XQLT is primarily weighted in Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, ZUQ features a management fee (MER) of 0.3%, compared to 0.3% for XQLT. Performance-wise, ZUQ has returned 15.89% year-to-date with -$74 M in net flows, whereas XQLT is at 15.47% with +$29 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
ZUQ
XQLT
| AuM | $1,330.95 M | $266.54 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.32% |
| Tracking Difference | 0.08% | -0.28% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUQ | -0.87% | +2.90% | +15.89% | +15.30% | +87.46% |
XQLT | -0.81% | +1.79% | +15.47% | +13.54% | +78.82% | |
| Flows | ZUQ | +$6 M | -$11 M | -$74 M | -$59 M | +$306 M |
XQLT | +$5 M | +$4 M | +$29 M | +$26 M | +$115 M |
ZUQ vs XQLT exposure
Countries
ZUQ
USA
96.41%
XQLT
USA
95.85%
Sectors
ZUQ
Technology
44.98%
Healthcare
16.59%
Finance
11.62%
Consumer Non-Cyclicals
11.21%
Industrials
8.27%
Other
7.33%
XQLT
Technology
48.71%
Finance
12.77%
Consumer Non-Cyclicals
9.56%
Healthcare
9.45%
Other
19.51%
As of October 28, 2026
Top 10 Holdings
ZUQ
Microsoft Corp.
5.79%
Eli Lilly & Co.
5.40%
Apple, Inc.
5.04%
NVIDIA Corp.
4.64%
Meta Platforms, Inc.
4.52%
Visa, Inc.
4.46%
Johnson & Johnson
3.44%
Mastercard, Inc.
3.24%
Lam Research Corp.
2.75%
Alphabet, Inc.
2.36%
XQLT
US46432F3394
99.97%
Diversification
ZUQ
Total weight of top 10 holdings out of 125 total
41.66%
XQLT
Total weight of top 10 holdings out of 119 total
99.97%
Characteristics
Compare
ZUQ
XQLT
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI USA Quality Net Total Return Index - CAD | MSCI USA Sector Neutral Quality NTR Index - CAD |
| Replication Method | Direct (Physical) | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.44% | 0.59% |
| Meets ESG criteria | No | No |
| Inception Date | November 5, 2014 | September 10, 2019 |
Frequently asked questions about ZUQ and XQLT
Which ETF has performed better year to date: ZUQ or XQLT?
As of October 28, 2026, ZUQ has returned 15.89% year to date, while XQLT has returned 15.47%. ZUQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZUQ or XQLT?
As of October 28, 2026, ZUQ manages $1.33 B in assets, while XQLT manages $266.54 M. ZUQ is the larger fund by AUM.
How are ZUQ and XQLT managed?
ZUQ is passively managed by BMO. It tracks the MSCI USA Quality Net Total Return Index - CAD benchmark. XQLT is passively managed by iShares. It tracks the MSCI USA Sector Neutral Quality NTR Index - CAD benchmark.
Which ETF is more diversified: ZUQ or XQLT?
ZUQ holds 124 securities, while XQLT holds 1. On holdings count, ZUQ is the more diversified portfolio.
Which ETF is attracting more investor flows: ZUQ or XQLT?
Year to date, ZUQ has seen -$73.80 M in net flows, compared with +$29.47 M for XQLT. XQLT has attracted more net investor money so far.
How do the fees of ZUQ and XQLT compare?
ZUQ has an expense ratio of 0.33%, while XQLT has an expense ratio of 0.32%.
What sectors do ZUQ and XQLT emphasize?
ZUQ is most exposed to Technology, Healthcare, and Finance. XQLT is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Recent articles about ZUQ and XQLT
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