VS
Compare BMO MSCI Canada Value Index ETF (ZVC) vs CI RAFI Canadian Index ETF (PXC) to find the best fit for your portfolio. ZVC and PXC 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 0.45% for PXC. Performance-wise, ZVC has returned 22.84% year-to-date with +$7 M in net flows, whereas PXC is at 24.53% with +$37 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
PXC
| AuM | $57.94 M | $267.50 M |
| Management Fees | 0.35% | 0.45% |
| Exp. ratio | 0.40% | 0.50% |
| Tracking Difference | -0.54% | 0.12% |
Historical performance and flows
As of October 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZVC | +1.01% | +3.04% | +22.84% | +32.39% | +100.31% |
PXC | +1.99% | +2.69% | +24.53% | +34.48% | +121.98% | |
| Flows | ZVC | +$0 M | +$5 M | +$7 M | +$9 M | +$15 M |
PXC | +$0 M | +$3 M | +$37 M | +$40 M | -$45 M |
ZVC vs PXC exposure
Countries
ZVC
Canada
99.68%
PXC
Canada
98.74%
Sectors
ZVC
Finance
40.39%
Energy
18.25%
Non-Energy Materials
15.99%
Industrials
8.65%
Technology
7.35%
Other
9.37%
PXC
Finance
37.20%
Energy
25.79%
Non-Energy Materials
12.82%
Other
24.19%
As of October 21, 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%
PXC
Royal Bank of Canada
6.48%
The Toronto-Dominion Bank
6.23%
Suncor Energy, Inc.
5.13%
Canadian Natural Resources Ltd.
5.01%
The Bank of Nova Scotia
4.70%
Enbridge, Inc.
4.30%
Bank of Montreal
3.46%
Cenovus Energy, Inc.
3.45%
Nutrien Ltd.
3.33%
Canadian Imperial Bank of Commerce
2.84%
Diversification
ZVC
Total weight of top 10 holdings out of 50 total
55.92%
PXC
Total weight of top 10 holdings out of 99 total
44.92%
Characteristics
Compare
ZVC
PXC
| Provider | BMO | CI |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Enhanced Value Capped Index - CAD | RAFI Fundamental Select Canada 100 Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.88% | 2.14% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2017 | January 26, 2012 |
Frequently asked questions about ZVC and PXC
Which ETF has performed better year to date: ZVC or PXC?
As of October 21, 2026, ZVC has returned 22.84% year to date, while PXC has returned 24.53%. PXC is ahead on YTD performance.
Which ETF is larger by assets under management: ZVC or PXC?
As of October 21, 2026, ZVC manages $57.94 M in assets, while PXC manages $267.50 M. PXC is the larger fund by AUM.
How are ZVC and PXC managed?
ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark. PXC is passively managed by CI. It tracks the RAFI Fundamental Select Canada 100 Index - CAD benchmark.
What sectors do ZVC and PXC emphasize?
ZVC is most exposed to Finance, Energy, and Non-Energy Materials. PXC is most exposed to Finance, Energy, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZVC or PXC?
Year to date, ZVC has seen +$6.53 M in net flows, compared with +$37.20 M for PXC. PXC has attracted more net investor money so far.
How do the fees of ZVC and PXC compare?
ZVC has an expense ratio of 0.40%, while PXC has an expense ratio of 0.50%.
What are the top holdings of ZVC and PXC?
ZVC's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal. PXC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Suncor Energy, Inc..
Which ETF is more diversified: ZVC or PXC?
ZVC holds 50 securities, while PXC holds 99. On holdings count, PXC is the more diversified portfolio.
Recent articles about ZVC and PXC
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