VS
Compare BMO MSCI Canada Value Index ETF (ZVC) vs iShares Canadian Fundamental Index ETF (CRQ) to find the best fit for your portfolio. ZVC and CRQ provide the same top sector exposures: Finance, Energy, and Non-Energy Materials. When evaluating costs, ZVC features a management fee (MER) of 0.35%, compared to 0.65% for CRQ. Performance-wise, ZVC has returned 23.81% year-to-date with +$7 M in net flows, whereas CRQ is at 24.08% with +$16 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
ZVC
CRQ
| AuM | $58.40 M | $158.64 M |
| Management Fees | 0.35% | 0.65% |
| Exp. ratio | 0.40% | 0.72% |
| Tracking Difference | -0.54% | -0.11% |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZVC | +2.23% | +3.48% | +23.81% | +32.88% | +104.97% |
CRQ | +3.10% | +2.05% | +24.08% | +32.82% | +124.11% | |
| Flows | ZVC | +$0 M | +$5 M | +$7 M | +$9 M | +$15 M |
CRQ | +$2 M | +$6 M | +$16 M | +$18 M | +$2 M |
ZVC vs CRQ exposure
Countries
ZVC
Canada
99.68%
CRQ
Canada
98.63%
Sectors
ZVC
Finance
40.39%
Energy
18.25%
Non-Energy Materials
15.99%
Industrials
8.65%
Technology
7.35%
Other
9.37%
CRQ
Finance
36.90%
Energy
26.27%
Non-Energy Materials
12.72%
Other
24.12%
As of October 27, 2026
Top 10 Holdings
ZVC
The Toronto-Dominion Bank
7.85%
The Bank of Nova Scotia
7.37%
Bank of Montreal
5.91%
Manulife Financial Corp.
5.82%
Barrick Mining Corp.
5.70%
Suncor Energy, Inc.
5.60%
CGI, Inc.
4.99%
Canadian Natural Resources Ltd.
4.52%
Canadian Pacific Kansas City Ltd.
4.48%
Canadian Imperial Bank of Commerce
3.69%
CRQ
Royal Bank of Canada
6.43%
The Toronto-Dominion Bank
6.18%
Suncor Energy, Inc.
5.10%
Canadian Natural Resources Ltd.
4.97%
The Bank of Nova Scotia
4.66%
Enbridge, Inc.
4.21%
Bank of Montreal
3.43%
Cenovus Energy, Inc.
3.42%
Nutrien Ltd.
3.31%
Canadian Imperial Bank of Commerce
2.82%
Diversification
ZVC
Total weight of top 10 holdings out of 50 total
55.92%
CRQ
Total weight of top 10 holdings out of 100 total
44.54%
Characteristics
Compare
ZVC
CRQ
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Enhanced Value Capped Index - CAD | RAFI Fundamental Select Canada 100 Index TR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.86% | 1.71% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2017 | February 22, 2006 |
Frequently asked questions about ZVC and CRQ
Which ETF has performed better year to date: ZVC or CRQ?
As of October 27, 2026, ZVC has returned 23.81% year to date, while CRQ has returned 24.08%. CRQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZVC or CRQ?
As of October 27, 2026, ZVC manages $58.40 M in assets, while CRQ manages $158.64 M. CRQ is the larger fund by AUM.
How are ZVC and CRQ managed?
ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark. CRQ is passively managed by iShares. It tracks the RAFI Fundamental Select Canada 100 Index TR - CAD benchmark.
What sectors do ZVC and CRQ emphasize?
ZVC is most exposed to Finance, Energy, and Non-Energy Materials. CRQ is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZVC or CRQ?
Year to date, ZVC has seen +$6.53 M in net flows, compared with +$15.98 M for CRQ. CRQ has attracted more net investor money so far.
How do the fees of ZVC and CRQ compare?
ZVC has an expense ratio of 0.40%, while CRQ has an expense ratio of 0.72%.
What are the top holdings of ZVC and CRQ?
ZVC's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal. CRQ's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Suncor Energy, Inc..
Which ETF is more diversified: ZVC or CRQ?
ZVC holds 50 securities, while CRQ holds 100. On holdings count, CRQ is the more diversified portfolio.
Recent articles about ZVC and CRQ
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.