VS
Compare BMO SPDR Industrials Select Sector Index ETF (ZXLI.F) vs iShares U.S. Aerospace & Defense Index ETF (XAD) to find the best fit for your portfolio. ZXLI.F provides Industrials, Business Services, and Non-Energy Materials exposures, while XAD is primarily weighted in Industrials and Non-Energy Materials. When evaluating costs, ZXLI.F features a management fee (MER) of 0.21%, compared to 0.39% for XAD. Performance-wise, ZXLI.F has returned 7.43% year-to-date with +$6 M in net flows, whereas XAD is at 0.02% with +$51 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.F
XAD
| AuM | $10.79 M | $155.12 M |
| Management Fees | 0.21% | 0.39% |
| Exp. ratio | 0.21% | 0.43% |
| Tracking Difference | - | -0.52% |
Historical performance and flows
As of September 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLI.F | -2.43% | -8.63% | +7.43% | +8.08% | - |
XAD | -7.05% | -14.54% | +0.02% | +0.98% | +107.83% | |
| Flows | ZXLI.F | -$1 M | +$2 M | +$6 M | +$7 M | - |
XAD | -$3 M | -$6 M | +$51 M | +$71 M | +$140 M |
ZXLI.F vs XAD exposure
Countries
ZXLI.F
USA
92.93%
Other
7.07%
XAD
USA
99.77%
Sectors
ZXLI.F
Industrials
88.55%
Other
11.45%
XAD
Industrials
96.01%
As of September 30, 2026
Top 10 Holdings
ZXLI.F
Caterpillar, Inc.
6.67%
GE Aerospace
6.36%
RTX Corp.
5.08%
GE Vernova, Inc.
4.39%
Union Pacific Corp.
3.24%
Deere & Co.
2.99%
The Boeing Co.
2.98%
Eaton Corp. Plc
2.84%
Uber Technologies, Inc.
2.80%
Parker-Hannifin Corp.
2.24%
XAD
GE Aerospace
21.58%
RTX Corp.
17.24%
The Boeing Co.
9.07%
General Dynamics Corp.
4.83%
Lockheed Martin Corp.
4.74%
Northrop Grumman Corp.
4.41%
Howmet Aerospace, Inc.
4.35%
TransDigm Group, Inc.
4.29%
L3Harris Technologies, Inc.
3.70%
Axon Enterprise, Inc.
3.40%
Diversification
ZXLI.F
Total weight of top 10 holdings out of 82 total
39.59%
XAD
Total weight of top 10 holdings out of 48 total
77.61%
Characteristics
Compare
ZXLI.F
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 | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.75% | 0.34% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | September 6, 2023 |
Frequently asked questions about ZXLI.F and XAD
Which ETF has performed better year to date: ZXLI.F or XAD?
As of September 30, 2026, ZXLI.F has returned 7.43% year to date, while XAD has returned 0.02%. ZXLI.F is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLI.F or XAD?
As of September 30, 2026, ZXLI.F manages $10.79 M in assets, while XAD manages $155.12 M. XAD is the larger fund by AUM.
How are ZXLI.F and XAD managed?
ZXLI.F 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.F and XAD emphasize?
ZXLI.F is most exposed to Industrials, Business Services, and Non-Energy Materials. XAD is most exposed to Industrials and Non-Energy Materials.
Which ETF is attracting more investor flows: ZXLI.F or XAD?
Year to date, ZXLI.F has seen +$5.75 M in net flows, compared with +$51.39 M for XAD. XAD has attracted more net investor money so far.
How do the fees of ZXLI.F and XAD compare?
ZXLI.F has an expense ratio of 0.21%, while XAD has an expense ratio of 0.43%.
What are the top holdings of ZXLI.F and XAD?
ZXLI.F's largest holdings include Caterpillar, Inc., GE Aerospace, and RTX Corp.. XAD's top holdings include GE Aerospace, RTX Corp., and The Boeing Co..
Which ETF is more diversified: ZXLI.F or XAD?
ZXLI.F holds 82 securities, while XAD holds 47. On holdings count, ZXLI.F is the more diversified portfolio.
Recent articles about ZXLI.F and XAD
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