VS
BMO SPDR Real Estate Select Sector Index ETF (ZXLR) and BMO Equal Weight REITs Index ETF (ZRE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLR focuses its top 3 sector exposures on Finance and Technology, while ZRE leans towards Finance. When evaluating costs, ZXLR features a management fee (MER) of 0.21%, compared to 0.55% for ZRE. Performance-wise, ZXLR has returned 10.07% year-to-date with +$2 M in net flows, whereas ZRE is at 4.31% with -$1 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
ZXLR
ZRE
| AuM | $3.01 M | $584.17 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.69% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLR | -1.93% | -3.29% | +10.07% | +5.17% | - |
ZRE | -5.08% | -6.48% | +4.31% | +2.27% | +25.31% | |
| Flows | ZXLR | -$2 M | +$3 M | +$2 M | +$2 M | - |
ZRE | -$0 M | -$7 M | -$1 M | -$8 M | -$14 M |
ZXLR vs ZRE exposure
Countries
ZXLR
USA
99.91%
ZRE
Canada
95.30%
Sectors
ZXLR
Finance
98.73%
ZRE
Finance
100.00%
As of September 11, 2026
Top 10 Holdings
ZXLR
Welltower, Inc.
11.11%
Prologis, Inc.
9.05%
Equinix, Inc.
6.75%
American Tower Corp.
5.42%
Simon Property Group, Inc.
4.99%
Digital Realty Trust, Inc.
4.89%
Public Storage
4.74%
Ventas, Inc.
4.60%
Realty Income Corp.
4.58%
CBRE Group, Inc.
4.35%
ZRE
Primaris Real Estate Investment Trust
6.32%
RioCan Real Estate Investment Trust
5.59%
Dream Industrial Real Estate Investment Trust
5.59%
Killam Apartment REIT
5.53%
Slate Grocery REIT
5.46%
Granite Real Estate Investment Trust
5.42%
Allied Properties Real Estate Investment Trust
5.42%
CT Real Estate Investment Trust
5.35%
SmartCentres Real Estate Investment Trust
5.31%
Crombie Real Estate Investment Trust
5.30%
Diversification
ZXLR
Total weight of top 10 holdings out of 31 total
60.51%
ZRE
Total weight of top 10 holdings out of 19 total
55.28%
Characteristics
Compare
ZXLR
ZRE
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Real Estate Select Sector Total Return Index - USD | Solactive Equal Weight Canada REIT Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.22% | 4.68% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | May 19, 2010 |
Frequently asked questions about ZXLR and ZRE
Which ETF has performed better year to date: ZXLR or ZRE?
As of September 11, 2026, ZXLR has returned 10.07% year to date, while ZRE has returned 4.31%. ZXLR is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLR or ZRE?
As of September 11, 2026, ZXLR manages $3.01 M in assets, while ZRE manages $584.17 M. ZRE is the larger fund by AUM.
How are ZXLR and ZRE managed?
ZXLR is passively managed by BMO. It tracks the S&P Real Estate Select Sector Total Return Index - USD benchmark. ZRE is passively managed by BMO. It tracks the Solactive Equal Weight Canada REIT Total Return Index - CAD benchmark.
What sectors do ZXLR and ZRE emphasize?
ZXLR is most exposed to Finance and Technology. ZRE is most exposed to Finance.
Which ETF is attracting more investor flows: ZXLR or ZRE?
Year to date, ZXLR has seen +$2.03 M in net flows, compared with -$1.06 M for ZRE. ZXLR has attracted more net investor money so far.
How do the fees of ZXLR and ZRE compare?
ZXLR has an expense ratio of 0.21%, while ZRE has an expense ratio of 0.61%.
What are the top holdings of ZXLR and ZRE?
ZXLR's largest holdings include Welltower, Inc., Prologis, Inc., and Equinix, Inc.. ZRE's top holdings include Primaris Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Dream Industrial Real Estate Investment Trust.
Which ETF is more diversified: ZXLR or ZRE?
ZXLR holds 31 securities, while ZRE holds 19. On holdings count, ZXLR is the more diversified portfolio.
Recent articles about ZXLR and ZRE
Build Canada Homes: A Boost for Real Estate ETFs?
The Canadian government's $26B prefab housing plan and a U.S. tariff ruling have injected optimism into real estate markets, with analysts anticipating gains for REITs and construction-focused funds.
Posted on 6/2/2025 by Edouard Caillieux inReal Estate
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.