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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 Real Estate and Industrials, while ZRE leans towards Real Estate and Health Care. When evaluating costs, ZXLR features a management fee (MER) of 0.21%, compared to 0.55% for ZRE. Performance-wise, ZXLR has returned 8.38% year-to-date with -$1 M in net flows, whereas ZRE is at 8.45% with +$3 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 | $0.74 M | $619.73 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.66% |
Historical performance and flows
As of April 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLR | +6.59% | +7.55% | +8.38% | +7.89% | - |
ZRE | +7.87% | +2.37% | +8.45% | +20.06% | +25.97% | |
| Flows | ZXLR | -$1 M | -$1 M | -$1 M | -$1 M | - |
ZRE | +$0 M | +$5 M | +$3 M | +$1 M | -$27 M |
ZXLR vs ZRE exposure
Countries
ZXLR
USA
99.50%
ZRE
Canada
100.00%
Sectors
ZXLR
Real Estate
97.56%
ZRE
Real Estate
85.53%
Other
9.64%
As of April 29, 2026
Top 10 Holdings
ZXLR
WELLTOWER INC
10.18%
PROLOGIS REIT
9.07%
EQUINIX INC COMMON STOCK REIT
7.11%
AMERICAN TOWER CL A REIT
5.96%
DIGITAL REALTY REIT
4.63%
SIMON PROPERTY GROUP REIT
4.57%
CBRE GROUP
4.46%
VENTAS REIT
4.40%
REALTY INCOME REIT
4.39%
PUBLIC STORAGE REIT
4.19%
ZRE
ALLIED PROPERTIES REAL ESTAT INV UNT
5.22%
MINTO APARTMENT REIT UNT
5.18%
INTERRENT REAL ESTATE INVESTMENT UNT
5.16%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
5.10%
DREAM INDUSTRIAL REAL ESTATE
5.09%
SMART REAL ESTATE INVESTMENT
5.08%
CROMBIE REI UNT
5.08%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.04%
CT REIT UNITS
5.04%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
5.03%
Diversification
ZXLR
Total weight of top 10 holdings out of 31 total
58.98%
ZRE
Total weight of top 10 holdings out of 20 total
51.02%
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 | 3.27% | 4.49% |
| 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 April 29, 2026, ZXLR has returned 8.38% year to date, while ZRE has returned 8.45%. ZRE is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLR or ZRE?
As of April 29, 2026, ZXLR manages $0.74 M in assets, while ZRE manages $619.73 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 Real Estate and Industrials. ZRE is most exposed to Real Estate and Health Care.
Which ETF is attracting more investor flows: ZXLR or ZRE?
Year to date, ZXLR has seen -$0.73 M in net flows, compared with +$2.75 M for ZRE. ZRE 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 REIT, and EQUINIX INC COMMON STOCK REIT. ZRE's top holdings include ALLIED PROPERTIES REAL ESTAT INV UNT and MINTO APARTMENT REIT UNT.
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 ETF Market Canada inReal Estate
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