VS
BMO SPDR Materials Select Sector Index ETF (ZXLB) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLB focuses its top 3 sector exposures on Materials, while XIC leans towards Financials, Energy, and Materials. When evaluating costs, ZXLB features a management fee (MER) of 0.21%, compared to 0.05% for XIC. Performance-wise, ZXLB has returned 15.28% year-to-date with +$15 M in net flows, whereas XIC is at 10.34% with +$6 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
ZXLB
XIC
| AuM | $17.45 M | $29,994.00 M |
| Management Fees | 0.21% | 0.05% |
| Exp. ratio | 0.21% | 0.06% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLB | +0.01% | +5.95% | +15.28% | +20.70% | - |
XIC | +1.77% | +5.27% | +10.34% | +33.79% | +89.23% | |
| Flows | ZXLB | -$2 M | +$1 M | +$15 M | +$15 M | - |
XIC | +$408 M | +$2,783 M | +$5,643 M | +$7,720 M | +$11,682 M |
ZXLB vs XIC exposure
Countries
ZXLB
USA
73.80%
Ireland
21.54%
XIC
Canada
99.06%
Sectors
ZXLB
Materials
81.08%
Other
18.91%
XIC
Financials
29.96%
Energy
17.73%
Materials
14.57%
Other
13.30%
Other
24.44%
As of June 11, 2026
Top 10 Holdings
ZXLB
IE000S9YS762
14.16%
NEWMONT CORP
7.34%
NUCOR
5.69%
FREEPORT-MCMORAN INC
5.03%
CRH PLC
4.94%
VULCAN MATERIALS
4.86%
AIR PRODUCTS AND CHEMICALS
4.69%
MARTIN MARIETTA
4.49%
SHERWIN WILLIAMS
4.49%
CORTEVA INC
4.47%
XIC
ROYAL BK CANADA
7.02%
TORONTO DOMINION
5.05%
SHOPIFY SUBORDINATE VOTING
4.16%
ENBRIDGE
3.38%
BANK OF MONTREAL
3.00%
CDN IMPERIAL BK
2.89%
CA11271J1075
2.78%
CDN NATURAL RESOURCE
2.78%
BNS
2.68%
AGNICO EAGLE MINES LTD
2.63%
Diversification
ZXLB
Total weight of top 10 holdings out of 26 total
60.14%
XIC
Total weight of top 10 holdings out of 221 total
36.37%
Characteristics
Compare
ZXLB
XIC
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Materials Select Sector Total Return Index - USD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.35% | 2.03% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | February 16, 2001 |
Frequently asked questions about ZXLB and XIC
Which ETF has performed better year to date: ZXLB or XIC?
As of June 11, 2026, ZXLB has returned 15.28% year to date, while XIC has returned 10.34%. ZXLB is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLB or XIC?
As of June 11, 2026, ZXLB manages $17.45 M in assets, while XIC manages $29.99 B. XIC is the larger fund by AUM.
How are ZXLB and XIC managed?
ZXLB is passively managed by BMO. It tracks the S&P Materials Select Sector Total Return Index - USD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do ZXLB and XIC emphasize?
ZXLB is most exposed to Materials. XIC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: ZXLB or XIC?
Year to date, ZXLB has seen +$15.16 M in net flows, compared with +$5,643.19 M for XIC. XIC has attracted more net investor money so far.
How do the fees of ZXLB and XIC compare?
ZXLB has an expense ratio of 0.21%, while XIC has an expense ratio of 0.06%.
What are the top holdings of ZXLB and XIC?
ZXLB's largest holdings include NEWMONT CORP and NUCOR. XIC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: ZXLB or XIC?
ZXLB holds 24 securities, while XIC holds 193. On holdings count, XIC is the more diversified portfolio.
Recent articles about ZXLB and XIC
The Top Canadian ETFs by AUM in 2023
These ETFs rank among the largest in the Canadian industry.
Posted on 1/11/2023 by Tony Dong inETFs
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.