BMO MSCI Canada Value Index ETF (ZVC) and BMO S&P 500 Index ETF (ZSP) 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 ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, ZVC features a management fee (MER) of 0.35%, compared to 0.08% for ZSP. Performance-wise, ZVC has returned 23.81% year-to-date with +$7 M in net flows, whereas ZSP is at 16.3% with +$1 B. 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
ZSP
| AuM | $58.40 M | $25,577.90 M |
| Management Fees | 0.35% | 0.08% |
| Exp. ratio | 0.40% | 0.09% |
| Tracking Difference | -0.54% | -0.05% |
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% |
ZSP | -0.32% | +3.86% | +16.30% | +13.79% | +95.86% | |
| Flows | ZVC | +$0 M | +$5 M | +$7 M | +$9 M | +$15 M |
ZSP | +$226 M | +$751 M | +$1,163 M | +$1,897 M | +$5,672 M |
ZVC vs ZSP exposure
Countries
ZVC
Canada
99.68%
ZSP
USA
97.65%
Sectors
ZVC
Finance
40.39%
Energy
18.25%
Non-Energy Materials
15.99%
Industrials
8.65%
Technology
7.35%
Other
9.37%
ZSP
Technology
45.20%
Finance
13.72%
Healthcare
9.09%
Consumer Non-Cyclicals
8.98%
Industrials
7.57%
Other
15.44%
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%
ZSP
NVIDIA Corp.
7.95%
Apple, Inc.
7.09%
Microsoft Corp.
5.75%
Amazon.com, Inc.
3.93%
Alphabet, Inc.
3.06%
Broadcom Inc.
2.64%
Alphabet, Inc.
2.44%
Meta Platforms, Inc.
1.92%
Micron Technology, Inc.
1.59%
Tesla, Inc.
1.48%
Diversification
ZVC
Total weight of top 10 holdings out of 50 total
55.92%
ZSP
Total weight of top 10 holdings out of 502 total
37.84%
Characteristics
Compare
ZVC
ZSP
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Enhanced Value Capped Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.86% | 0.77% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2017 | November 14, 2012 |
Frequently asked questions about ZVC and ZSP
Which ETF has performed better year to date: ZVC or ZSP?
As of October 27, 2026, ZVC has returned 23.81% year to date, while ZSP has returned 16.30%. ZVC is ahead on YTD performance.
Which ETF is larger by assets under management: ZVC or ZSP?
As of October 27, 2026, ZVC manages $58.40 M in assets, while ZSP manages $25.58 B. ZSP is the larger fund by AUM.
How are ZVC and ZSP managed?
ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do ZVC and ZSP emphasize?
ZVC is most exposed to Finance, Energy, and Non-Energy Materials. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: ZVC or ZSP?
Year to date, ZVC has seen +$6.53 M in net flows, compared with +$1,162.93 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of ZVC and ZSP compare?
ZVC has an expense ratio of 0.40%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of ZVC and ZSP?
ZVC's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal. ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: ZVC or ZSP?
ZVC holds 50 securities, while ZSP holds 499. On holdings count, ZSP is the more diversified portfolio.
Recent articles about ZVC and ZSP
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