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BMO MSCI USA High Quality Index ETF (ZUQ) and BMO Market+ US Equity ETF (ZMPU.F) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZUQ focuses its top 3 sector exposures on Technology, Healthcare, and Finance, while ZMPU.F leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, ZUQ features a management fee (MER) of 0.3%, compared to 0.2% for ZMPU.F. 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
ZMPU.F
| AuM | $1,327.06 M | $1.65 M |
| Management Fees | 0.30% | 0.20% |
| Exp. ratio | 0.33% | 0.20% |
| Tracking Difference | 0.08% | - |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUQ | -0.26% | +4.06% | +15.55% | +16.46% | +85.08% |
ZMPU.F | -1.50% | +1.85% | - | - | - | |
| Flows | ZUQ | +$11 M | -$5 M | -$74 M | -$59 M | +$300 M |
ZMPU.F | +$0 M | +$0 M | - | - | - |
ZUQ vs ZMPU.F exposure
Countries
ZUQ
USA
96.41%
ZMPU.F
USA
97.14%
Sectors
ZUQ
Technology
44.98%
Healthcare
16.59%
Finance
11.62%
Consumer Non-Cyclicals
11.21%
Industrials
8.27%
Other
7.33%
ZMPU.F
Technology
44.05%
Finance
15.20%
Consumer Non-Cyclicals
10.22%
Healthcare
9.50%
Industrials
7.31%
Other
13.71%
As of October 23, 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%
ZMPU.F
NVIDIA Corp.
8.16%
Apple, Inc.
8.03%
Microsoft Corp.
5.91%
Amazon.com, Inc.
4.75%
Broadcom Inc.
3.20%
Alphabet, Inc.
3.03%
Alphabet, Inc.
2.47%
JPMorgan Chase & Co.
2.17%
Meta Platforms, Inc.
2.15%
Visa, Inc.
1.70%
Diversification
ZUQ
Total weight of top 10 holdings out of 125 total
41.66%
ZMPU.F
Total weight of top 10 holdings out of 103 total
41.57%
Characteristics
Compare
ZUQ
ZMPU.F
| Provider | BMO | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI USA Quality Net Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.45% | - |
| Meets ESG criteria | No | No |
| Inception Date | November 5, 2014 | March 4, 2026 |
Frequently asked questions about ZUQ and ZMPU.F
Which ETF is larger by assets under management: ZUQ or ZMPU.F?
As of October 23, 2026, ZUQ manages $1.33 B in assets, while ZMPU.F manages $1.65 M. ZUQ is the larger fund by AUM.
How are ZUQ and ZMPU.F managed?
ZUQ is passively managed by BMO. It tracks the MSCI USA Quality Net Total Return Index - CAD benchmark. ZMPU.F is actively managed by BMO. It does not track an index.
What sectors do ZUQ and ZMPU.F emphasize?
ZUQ is most exposed to Technology, Healthcare, and Finance. ZMPU.F is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
How do the fees of ZUQ and ZMPU.F compare?
ZUQ has an expense ratio of 0.33%, while ZMPU.F has an expense ratio of 0.20%.
What are the top holdings of ZUQ and ZMPU.F?
ZUQ's largest holdings include Microsoft Corp., Eli Lilly & Co., and Apple, Inc.. ZMPU.F's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: ZUQ or ZMPU.F?
ZUQ holds 124 securities, while ZMPU.F holds 102. On holdings count, ZUQ is the more diversified portfolio.
Recent articles about ZUQ and ZMPU.F
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