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BMO Target 2029 Canadian Corporate Bond ETF (ZXCQ) and BMO Discount Bond Index ETF (ZDB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXCQ focuses its top 3 sector exposures on Finance, Energy, and Telecommunications, while ZDB leans towards Sovereign, Municipal, and Finance. When evaluating costs, ZXCQ features a management fee (MER) of 0.17%, compared to 0.09% for ZDB. Performance-wise, ZXCQ has returned 0.82% year-to-date with +$7 M in net flows, whereas ZDB is at 0.62% with +$275 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
ZXCQ
ZDB
| AuM | $14.24 M | $1,400.13 M |
| Management Fees | 0.17% | 0.09% |
| Exp. ratio | 0.17% | 0.10% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXCQ | -0.01% | -0.54% | +0.82% | +0.56% | - |
ZDB | -0.39% | -1.46% | -0.62% | -1.84% | +15.34% | |
| Flows | ZXCQ | +$0 M | +$2 M | +$7 M | +$9 M | - |
ZDB | +$18 M | +$96 M | +$275 M | +$588 M | +$548 M |
ZXCQ vs ZDB exposure
Countries
ZXCQ
Canada
100.26%
ZDB
Canada
100.00%
Sectors
ZXCQ
Finance
65.62%
Energy
12.29%
Telecommunications
8.09%
Other
14.00%
ZDB
Sovereign
33.39%
Municipal
31.40%
Finance
11.58%
Government Agencies
9.96%
Other
13.67%
As of October 19, 2026
Top 10 Holdings
ZXCQ
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
9.88%
Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD
9.77%
Manulife Financial Corporation, 5.054% 23feb2034, CAD
9.51%
Bank of Nova Scotia, 3.836% 26sep2030, CAD
9.03%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
5.93%
Gildan Activewear, 4.362% 22nov2029, CAD (1)
5.19%
Brookfield Infrastructure Partners, 3.41% 9oct2029, CAD (7)
5.07%
National Bank of Canada, 5.279% 15feb2034, CAD
4.24%
Pembina Pipeline Corporation, 3.62% 3apr2029, CAD (12)
4.09%
Choice Properties REIT, 3.532% 11jun2029, CAD (M)
4.08%
ZDB
Canada, Bond 0.5 1oct2030 10Y
18.56%
CMHC, 1.9% 15mar2031, CAD (100)
6.30%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
5.65%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
5.50%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
5.13%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
5.06%
Canada, Bonds 2.25% 1dec2029, CAD
4.57%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
3.27%
Canada, Bonds 2% 1jun2032, CAD
3.11%
Pembina Pipeline Corporation, 3.31% 1feb2030, CAD (15)
2.65%
Diversification
ZXCQ
Total weight of top 10 holdings out of 21 total
66.78%
ZDB
Total weight of top 10 holdings out of 45 total
59.81%
Characteristics
Compare
ZXCQ
ZDB
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Discount Bond Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.16% | 1.84% |
| Meets ESG criteria | No | No |
| Inception Date | March 18, 2025 | February 10, 2014 |
Frequently asked questions about ZXCQ and ZDB
Which ETF has performed better year to date: ZXCQ or ZDB?
As of October 19, 2026, ZXCQ has returned 0.82% year to date, while ZDB has returned -0.62%. ZXCQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZXCQ or ZDB?
As of October 19, 2026, ZXCQ manages $14.24 M in assets, while ZDB manages $1.40 B. ZDB is the larger fund by AUM.
How are ZXCQ and ZDB managed?
ZXCQ is actively managed by BMO. It does not track an index. ZDB is passively managed by BMO. It tracks the FTSE Canada Universe Discount Bond Index - CAD benchmark.
What sectors do ZXCQ and ZDB emphasize?
ZXCQ is most exposed to Finance, Energy, and Telecommunications. ZDB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: ZXCQ or ZDB?
Year to date, ZXCQ has seen +$6.50 M in net flows, compared with +$275.25 M for ZDB. ZDB has attracted more net investor money so far.
How do the fees of ZXCQ and ZDB compare?
ZXCQ has an expense ratio of 0.17%, while ZDB has an expense ratio of 0.10%.
What are the top holdings of ZXCQ and ZDB?
ZXCQ's largest holdings include Royal Bank of Canada, 4.829% 8aug2034, CAD (28), Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD, and Manulife Financial Corporation, 5.054% 23feb2034, CAD. ZDB's top holdings include Canada, Bond 0.5 1oct2030 10Y, CMHC, 1.9% 15mar2031, CAD (100), and Sun Life Financial, 2.06% 1oct2035, CAD (2020-2).
Which ETF is more diversified: ZXCQ or ZDB?
ZXCQ holds 21 securities, while ZDB holds 45. On holdings count, ZDB is the more diversified portfolio.
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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.