VS
BMO MSCI Canada Value Index ETF (ZVC) and Evolve S&P/TSX 60 Enhanced Yield Fund ETF (ETSX) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZVC focuses its top 3 sector exposures on Finance, Energy, and Non-Energy Materials, while ETSX leans towards Finance, Energy, and Non-Energy Materials. When evaluating costs, ZVC features a management fee (MER) of 0.35%, compared to 0.6% for ETSX. Performance-wise, ZVC has returned 21.93% year-to-date with +$7 M in net flows, whereas ETSX is at 9.99% with +$40 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
ETSX
| AuM | $57.79 M | $131.69 M |
| Management Fees | 0.35% | 0.60% |
| Exp. ratio | 0.40% | 0.69% |
| Tracking Difference | -0.61% | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZVC | +0.83% | +5.45% | +21.93% | +35.54% | +89.74% |
ETSX | -2.70% | +2.84% | +9.99% | +18.07% | +65.91% | |
| Flows | ZVC | +$2 M | +$2 M | +$7 M | +$9 M | +$16 M |
ETSX | +$4 M | +$11 M | +$40 M | +$53 M | +$107 M |
ZVC vs ETSX exposure
Countries
ZVC
Canada
99.59%
ETSX
Canada
96.92%
Sectors
ZVC
Finance
41.53%
Energy
18.27%
Non-Energy Materials
13.84%
Industrials
8.49%
Technology
7.81%
Other
10.05%
ETSX
Finance
46.83%
Energy
17.64%
Non-Energy Materials
11.66%
Other
23.88%
As of September 10, 2026
Top 10 Holdings
ZVC
The Toronto-Dominion Bank
7.89%
The Bank of Nova Scotia
7.14%
Bank of Montreal
6.25%
Manulife Financial Corp.
6.15%
Suncor Energy, Inc.
5.81%
CGI, Inc.
4.98%
Barrick Mining Corp.
4.78%
Canadian Natural Resources Ltd.
4.44%
Canadian Pacific Kansas City Ltd.
4.26%
Canadian Imperial Bank of Commerce
3.87%
ETSX
Royal Bank of Canada
9.92%
The Toronto-Dominion Bank
6.78%
Shopify, Inc.
4.84%
Bank of Montreal
4.25%
Enbridge, Inc.
4.06%
Canadian Imperial Bank of Commerce
3.76%
The Bank of Nova Scotia
3.64%
Canadian Natural Resources Ltd.
3.50%
Brookfield Corp.
3.11%
Suncor Energy, Inc.
2.77%
Diversification
ZVC
Total weight of top 10 holdings out of 50 total
55.56%
ETSX
Total weight of top 10 holdings out of 60 total
46.64%
Characteristics
Compare
ZVC
ETSX
| Provider | BMO | Evolve ETFs |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI Canada Enhanced Value Capped Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.88% | 8.44% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2017 | January 9, 2023 |
Frequently asked questions about ZVC and ETSX
Which ETF has performed better year to date: ZVC or ETSX?
As of September 10, 2026, ZVC has returned 21.93% year to date, while ETSX has returned 9.99%. ZVC is ahead on YTD performance.
Which ETF is larger by assets under management: ZVC or ETSX?
As of September 10, 2026, ZVC manages $57.79 M in assets, while ETSX manages $131.69 M. ETSX is the larger fund by AUM.
How are ZVC and ETSX managed?
ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark. ETSX is actively managed by Evolve ETFs. It does not track an index.
What sectors do ZVC and ETSX emphasize?
ZVC is most exposed to Finance, Energy, and Non-Energy Materials. ETSX is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZVC or ETSX?
Year to date, ZVC has seen +$6.53 M in net flows, compared with +$39.59 M for ETSX. ETSX has attracted more net investor money so far.
How do the fees of ZVC and ETSX compare?
ZVC has an expense ratio of 0.40%, while ETSX has an expense ratio of 0.69%.
What are the top holdings of ZVC and ETSX?
ZVC's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal. ETSX's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: ZVC or ETSX?
ZVC holds 50 securities, while ETSX holds 60. On holdings count, ETSX is the more diversified portfolio.
Recent articles about ZVC and ETSX
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