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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 Information Technology, Health Care, and Communication Services exposures, while XQLT is primarily weighted in Information Technology, Communication Services, and Consumer Discretionary. When evaluating costs, ZUQ features a management fee (MER) of 0.3%, compared to 0.3% for XQLT. Performance-wise, ZUQ has returned 9.91% year-to-date with -$90 M in net flows, whereas XQLT is at 11.28% with +$24 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 | $1,249.14 M | $252.05 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.32% |
| Tracking Difference | -0.12% | -0.28% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUQ | +4.20% | +10.94% | +9.91% | +23.83% | +82.64% |
XQLT | +5.16% | +11.67% | +11.28% | +23.44% | +76.58% | |
| Flows | ZUQ | -$0 M | -$5 M | -$90 M | -$111 M | +$268 M |
XQLT | +$3 M | +$12 M | +$24 M | +$28 M | +$108 M |
ZUQ vs XQLT exposure
Countries
ZUQ
USA
96.13%
XQLT
USA
94.75%
Sectors
ZUQ
Information Technology
38.12%
Health Care
14.78%
Communication Services
13.87%
Consumer Staples
11.24%
Industrials
10.52%
Other
11.47%
XQLT
Information Technology
37.08%
Communication Services
10.36%
Consumer Discretionary
9.83%
Health Care
8.99%
Industrials
8.37%
Other
7.07%
Other
18.30%
As of June 11, 2026
Top 10 Holdings
ZUQ
META PLATFORMS
5.29%
NVIDIA
5.20%
APPLE
4.75%
VISA INCORPORATION
4.44%
LILLY
4.01%
MICROSOFT-T
3.99%
ALPHABET INC-CL
3.19%
MASTERCARD
3.14%
JOHNSON&JOHNSON
3.10%
WALMART INC
2.98%
XQLT
NVIDIA
6.50%
APPLE
6.26%
MICROSOFT-T
5.04%
META PLATFORMS
3.49%
US5128073062
3.22%
TJX
3.19%
VISA INCORPORATION
3.08%
LILLY
2.92%
KLA CORPORATION
2.78%
ALPHABET INC-CL
2.53%
Diversification
ZUQ
Total weight of top 10 holdings out of 120 total
40.09%
XQLT
Total weight of top 10 holdings out of 122 total
39.02%
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) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.43% | 0.63% |
| 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 June 11, 2026, ZUQ has returned 9.91% year to date, while XQLT has returned 11.28%. XQLT is ahead on YTD performance.
Which ETF is larger by assets under management: ZUQ or XQLT?
As of June 11, 2026, ZUQ manages $1.25 B in assets, while XQLT manages $252.05 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.
What sectors do ZUQ and XQLT emphasize?
ZUQ is most exposed to Information Technology, Health Care, and Communication Services. XQLT is most exposed to Information Technology, Communication Services, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZUQ or XQLT?
Year to date, ZUQ has seen -$90.16 M in net flows, compared with +$23.88 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 are the top holdings of ZUQ and XQLT?
ZUQ's largest holdings include ALPHABET INC-CL and META PLATFORMS. XQLT's top holdings include NVIDIA and APPLE.
Which ETF is more diversified: ZUQ or XQLT?
ZUQ holds 114 securities, while XQLT holds 117. On holdings count, XQLT is the more diversified portfolio.
Recent articles about ZUQ and XQLT
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