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Compare BMO SPDR Industrials Select Sector Index ETF (ZXLI) vs iShares U.S. Aerospace & Defense Index ETF (XAD) to find the best fit for your portfolio. ZXLI provides Industrials and Information Technology exposures, while XAD is primarily weighted in Industrials, Materials, and Information Technology. When evaluating costs, ZXLI features a management fee (MER) of 0.21%, compared to 0.39% for XAD. Performance-wise, ZXLI has returned 11.81% year-to-date with +$16 M in net flows, whereas XAD is at 3.22% with +$65 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
ZXLI
XAD
| AuM | $23.92 M | $173.00 M |
| Management Fees | 0.21% | 0.39% |
| Exp. ratio | 0.21% | 0.43% |
| Tracking Difference | - | -0.86% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLI | +4.05% | +1.08% | +11.81% | +29.45% | - |
XAD | -2.17% | -4.68% | +3.22% | +37.87% | - | |
| Flows | ZXLI | -$2 M | -$4 M | +$16 M | +$18 M | - |
XAD | -$4 M | +$28 M | +$65 M | +$125 M | - |
ZXLI vs XAD exposure
Countries
ZXLI
USA
93.12%
XAD
USA
97.79%
Sectors
ZXLI
Industrials
91.84%
Other
8.16%
XAD
Industrials
90.09%
Other
9.91%
As of May 7, 2026
Top 10 Holdings
ZXLI
CATERPILLAR
6.53%
GENERAL ELECTRIC
5.89%
RAYTHEON TECHNOLOGIES CORPORD
5.13%
US36828A1016
4.66%
BOEING U
3.09%
UBER TECHNOLOGIES INC
2.93%
UNION PACIFIC U
2.85%
HONEYWELL INTL
2.84%
DEERE
2.81%
EATON CORP PLC
2.75%
XAD
GENERAL ELECTRIC
19.02%
RAYTHEON TECHNOLOGIES CORPORD
16.55%
BOEING U
8.91%
GENERAL DYNAMICS
4.76%
L3 HARRIS TECHNOLOGIES
4.66%
LOCKHEED MARTIN
4.58%
NORTHROP GRUMMAN
4.58%
TRANSDIGM GROUP
4.53%
HOWMET AEROSPACE INC
4.50%
AXON ENTERPRISE INC
2.83%
Diversification
ZXLI
Total weight of top 10 holdings out of 79 total
39.48%
XAD
Total weight of top 10 holdings out of 44 total
74.90%
Characteristics
Compare
ZXLI
XAD
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Industrial Select Sector Total Return Index - USD | Dow Jones U.S. Select Aerospace & Defense Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.86% | 0.34% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | September 6, 2023 |
Frequently asked questions about ZXLI and XAD
Which ETF has performed better year to date: ZXLI or XAD?
As of May 7, 2026, ZXLI has returned 11.81% year to date, while XAD has returned 3.22%. ZXLI is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLI or XAD?
As of May 7, 2026, ZXLI manages $23.92 M in assets, while XAD manages $173.00 M. XAD is the larger fund by AUM.
How are ZXLI and XAD managed?
ZXLI is passively managed by BMO. It tracks the S&P Industrial Select Sector Total Return Index - USD benchmark. XAD is passively managed by iShares. It tracks the Dow Jones U.S. Select Aerospace & Defense Index - CAD benchmark.
What sectors do ZXLI and XAD emphasize?
ZXLI is most exposed to Industrials and Information Technology. XAD is most exposed to Industrials, Materials, and Information Technology.
Which ETF is attracting more investor flows: ZXLI or XAD?
Year to date, ZXLI has seen +$16.36 M in net flows, compared with +$64.78 M for XAD. XAD has attracted more net investor money so far.
How do the fees of ZXLI and XAD compare?
ZXLI has an expense ratio of 0.21%, while XAD has an expense ratio of 0.43%.
What are the top holdings of ZXLI and XAD?
ZXLI's largest holdings include CATERPILLAR and GENERAL ELECTRIC. XAD's top holdings include GENERAL ELECTRIC, RAYTHEON TECHNOLOGIES CORPORD, and BOEING U.
Which ETF is more diversified: ZXLI or XAD?
ZXLI holds 77 securities, while XAD holds 36. On holdings count, ZXLI is the more diversified portfolio.
Recent articles about ZXLI and XAD
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