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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 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 15.99% year-to-date with +$3 M in net flows, whereas ZRE is at 14.37% with +$4 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 | $4.76 M | $647.90 M |
| Management Fees | 0.21% | 0.55% |
| Exp. ratio | 0.21% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLR | +1.59% | +5.96% | +15.99% | +11.80% | - |
ZRE | +1.03% | +5.11% | +14.37% | +16.28% | +32.90% | |
| Flows | ZXLR | +$4 M | +$4 M | +$3 M | +$3 M | - |
ZRE | +$0 M | +$1 M | +$4 M | -$4 M | -$15 M |
ZXLR vs ZRE exposure
Countries
ZXLR
USA
100.39%
ZRE
Canada
95.45%
Sectors
ZXLR
Finance
99.18%
ZRE
Finance
100.00%
As of July 30, 2026
Top 10 Holdings
ZXLR
Welltower, Inc.
11.11%
Prologis, Inc.
8.76%
Equinix, Inc.
7.12%
American Tower Corp.
5.28%
Simon Property Group, Inc.
5.03%
Digital Realty Trust, Inc.
4.61%
Realty Income Corp.
4.59%
Public Storage
4.52%
Ventas, Inc.
4.51%
CBRE Group, Inc.
4.12%
ZRE
Primaris Real Estate Investment Trust
5.75%
RioCan Real Estate Investment Trust
5.48%
Killam Apartment REIT
5.25%
SmartCentres Real Estate Investment Trust
5.23%
Dream Industrial Real Estate Investment Trust
5.23%
Slate Grocery REIT
5.22%
Granite Real Estate Investment Trust
5.18%
Allied Properties Real Estate Investment Trust
5.18%
Crombie Real Estate Investment Trust
5.13%
First Capital Real Estate Investment Trust
5.08%
Diversification
ZXLR
Total weight of top 10 holdings out of 31 total
59.66%
ZRE
Total weight of top 10 holdings out of 20 total
52.73%
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 | 3.06% | 4.25% |
| 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 July 30, 2026, ZXLR has returned 15.99% year to date, while ZRE has returned 14.37%. ZXLR is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLR or ZRE?
As of July 30, 2026, ZXLR manages $4.76 M in assets, while ZRE manages $647.90 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 +$3.23 M in net flows, compared with +$3.80 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, Inc., and Equinix, Inc.. ZRE's top holdings include Primaris Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Killam Apartment REIT.
Which ETF is more diversified: ZXLR or ZRE?
ZXLR holds 31 securities, while ZRE holds 20. On holdings count, ZXLR is the more diversified portfolio.
Recent articles about ZXLR and ZRE
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Posted on 6/2/2025 by ETF Market Canada inReal Estate
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