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Compare BMO SPDR Financials Select Sector Index ETF (ZXLF.F) vs iShares S&P U.S. Financials Index ETF (XUSF) to find the best fit for your portfolio. ZXLF.F and XUSF provide the same top sector exposures: Finance, Technology, and Business Services. When evaluating costs, ZXLF.F features a management fee (MER) of 0.21%, compared to 0.25% for XUSF. Performance-wise, ZXLF.F has returned 3.86% year-to-date with +$4 M in net flows, whereas XUSF is at 5.74% with +$11 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.F
XUSF
| AuM | $7.37 M | $65.31 M |
| Management Fees | 0.21% | 0.25% |
| Exp. ratio | 0.21% | 0.28% |
| Tracking Difference | - | -0.56% |
Historical performance and flows
As of September 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLF.F | -1.02% | +10.14% | +3.86% | +6.94% | - |
XUSF | -2.12% | +9.17% | +5.74% | +8.76% | - | |
| Flows | ZXLF.F | +$1 M | +$2 M | +$4 M | +$5 M | - |
XUSF | +$0 M | -$1 M | +$11 M | +$14 M | - |
ZXLF.F vs XUSF exposure
Countries
ZXLF.F
USA
96.29%
XUSF
USA
96.27%
Sectors
ZXLF.F
Finance
95.61%
XUSF
Finance
95.59%
As of September 8, 2026
Top 10 Holdings
ZXLF.F
JPMorgan Chase & Co.
11.72%
Berkshire Hathaway, Inc.
11.66%
Visa, Inc.
7.56%
Mastercard, Inc.
5.75%
Bank of America Corp.
5.03%
The Goldman Sachs Group, Inc.
3.74%
Wells Fargo & Co.
3.29%
Morgan Stanley
3.14%
Citigroup, Inc.
2.79%
American Express Co.
2.23%
XUSF
JPMorgan Chase & Co.
11.67%
Berkshire Hathaway, Inc.
11.60%
Visa, Inc.
7.55%
Mastercard, Inc.
5.78%
Bank of America Corp.
5.00%
The Goldman Sachs Group, Inc.
3.76%
Wells Fargo & Co.
3.25%
Morgan Stanley
3.13%
Citigroup, Inc.
2.80%
American Express Co.
2.23%
Diversification
ZXLF.F
Total weight of top 10 holdings out of 76 total
56.90%
XUSF
Total weight of top 10 holdings out of 76 total
56.76%
Characteristics
Compare
ZXLF.F
XUSF
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Financials Select Sector Total Return Index - USD | S&P Financials Select Sector Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.95% | 0.85% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | September 6, 2023 |
Frequently asked questions about ZXLF.F and XUSF
Which ETF has performed better year to date: ZXLF.F or XUSF?
As of September 8, 2026, ZXLF.F has returned 3.86% year to date, while XUSF has returned 5.74%. XUSF is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLF.F or XUSF?
As of September 8, 2026, ZXLF.F manages $7.37 M in assets, while XUSF manages $65.31 M. XUSF is the larger fund by AUM.
How are ZXLF.F and XUSF managed?
ZXLF.F is passively managed by BMO. It tracks the S&P Financials Select Sector Total Return Index - USD benchmark. XUSF is passively managed by iShares. It tracks the S&P Financials Select Sector Index - CAD benchmark.
What sectors do ZXLF.F and XUSF emphasize?
ZXLF.F is most exposed to Finance, Technology, and Business Services. XUSF is most exposed to Finance, Technology, and Business Services.
Which ETF is attracting more investor flows: ZXLF.F or XUSF?
Year to date, ZXLF.F has seen +$3.79 M in net flows, compared with +$10.73 M for XUSF. XUSF has attracted more net investor money so far.
How do the fees of ZXLF.F and XUSF compare?
ZXLF.F has an expense ratio of 0.21%, while XUSF has an expense ratio of 0.28%.
What are the top holdings of ZXLF.F and XUSF?
ZXLF.F's largest holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc., and Visa, Inc.. XUSF's top holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc., and Visa, Inc..
Which ETF is more diversified: ZXLF.F or XUSF?
ZXLF.F holds 76 securities, while XUSF holds 76. On holdings count, ZXLF.F is the more diversified portfolio.
Recent articles about ZXLF.F and XUSF
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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.