VS
BMO SPDR Financials Select Sector Index ETF (ZXLF) and iShares S&P/TSX Capped Financials Index ETF (XFN) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLF focuses its top 3 sector exposures on Financials and Information Technology, while XFN leans towards Financials. When evaluating costs, ZXLF features a management fee (MER) of 0.21%, compared to 0.55% for XFN. Performance-wise, ZXLF has returned 6.17% year-to-date with +$1 M in net flows, whereas XFN is at 7.15% with -$39 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
ZXLF
XFN
| AuM | $5.68 M | $2,073.90 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.91% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLF | +3.61% | -3.64% | -6.17% | +6.30% | - |
XFN | +10.59% | +7.28% | +7.15% | +46.48% | +101.52% | |
| Flows | ZXLF | -$12 M | -$2 M | +$1 M | -$20 M | - |
XFN | -$106 M | -$55 M | -$39 M | -$292 M | -$414 M |
ZXLF vs XFN exposure
Countries
ZXLF
USA
95.93%
XFN
Canada
99.85%
Sectors
ZXLF
Financials
82.37%
Information Technology
15.19%
XFN
Financials
89.74%
Other
10.27%
As of April 24, 2026
Top 10 Holdings
ZXLF
BERKSHIRE HATHWAY
12.46%
JPMORGAN CHASE
11.24%
VISA INCORPORATION
7.20%
MASTERCARD
5.77%
BK OF AMERICA CO
4.59%
THE GOLDMAN SACHS GROUP
3.60%
WELLS FARGO
3.49%
CITIGROUP
2.81%
MORGAN STANLEY
2.81%
AMERICAN EXPRESS
2.30%
XFN
ROYAL BK CANADA
21.56%
TORONTO DOMINION
14.95%
BANK OF MONTREAL
9.13%
CA11271J1075
8.52%
CDN IMPERIAL BK
8.40%
BNS
8.16%
MANULIFE-S
5.51%
NATIONAL BANK OF CANADA
4.79%
FAIRFAX FINANCIAL HOLDINGS
3.35%
SUN LIFE FINL
3.31%
Diversification
ZXLF
Total weight of top 10 holdings out of 76 total
56.26%
XFN
Total weight of top 10 holdings out of 24 total
87.67%
Characteristics
Compare
ZXLF
XFN
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Financials Select Sector Total Return Index - USD | S&P/TSX Capped Financials Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.92% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | March 23, 2001 |
Frequently asked questions about ZXLF and XFN
Which ETF has performed better year to date: ZXLF or XFN?
As of April 24, 2026, ZXLF has returned -6.17% year to date, while XFN has returned 7.15%. XFN is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLF or XFN?
As of April 24, 2026, ZXLF manages $5.68 M in assets, while XFN manages $2.07 B. XFN is the larger fund by AUM.
How are ZXLF and XFN managed?
ZXLF is passively managed by BMO. It tracks the S&P Financials Select Sector Total Return Index - USD benchmark. XFN is passively managed by iShares. It tracks the S&P/TSX Capped Financials Total Return Index - CAD benchmark.
What sectors do ZXLF and XFN emphasize?
ZXLF is most exposed to Financials and Information Technology. XFN is most exposed to Financials.
Which ETF is attracting more investor flows: ZXLF or XFN?
Year to date, ZXLF has seen +$1.50 M in net flows, compared with -$39.37 M for XFN. ZXLF has attracted more net investor money so far.
How do the fees of ZXLF and XFN compare?
ZXLF has an expense ratio of 0.21%, while XFN has an expense ratio of 0.61%.
What are the top holdings of ZXLF and XFN?
ZXLF's largest holdings include BERKSHIRE HATHWAY, JPMORGAN CHASE, and VISA INCORPORATION. XFN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: ZXLF or XFN?
ZXLF holds 75 securities, while XFN holds 23. On holdings count, ZXLF is the more diversified portfolio.
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