ZCN-CA
BMO S&P/TSX Capped Composite Index ETF
The BMO S&P/TSX Capped Composite Index ETF has been designed to replicate, to the extent possible, the performance of the S&P/TSX Capped Composite Index (Index), net of expenses. The ETF invests in and holds the Constituent Securities of the Index in th
Canadian
EQUITY
Passive
MANAGEMENT STYLE
$9.2 B
ASSETS UNDER MGMT
6 bp
EXPENSES
Fund Basics
| Fund sponsor | BMO |
| Category | Canadian |
| Asset class | Equity |
| Website | link... |
| Inception date | May 29, 2009 |
| Assets (mns) | $9,164 |
| Expense ratio | 6 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Quarterly |
| Taxation | |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 6.5 % |
| TORONTO-DOMINION BANK | 4.2 % |
| SHOPIFY, INC. CLASS A | 3.6 % |
| ENBRIDGE INC | 3.3 % |
| CANADIAN PACIFIC KANSAS CITY LTD | 3.2 % |
| CANADIAN NATURAL RESOURCES | 3.2 % |
| CANADIAN NATL RAILWAY CO | 3.1 % |
| BANK OF MONTREAL | 2.7 % |
| BROOKFIELD CORP | 2.6 % |
| BANK OF NOVA SCOTIA | 2.5 % |
Constituent Breakdown
| Number of holdings | 225 |
| Herfindahl-Hirschman Index | 196 |
| Wgt avg mkt cap (mns) | $55,658 |
| Large cap (>$10bn) | 80.9% |
| Mid cap ($2-10bn) | 13.3% |
| Small cap (<$2bn) | 3.3% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 97.0 % |
 |
BERMUDA | 0.8 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.5% | 18.0% | 14.9% | 11.4% | 10.9% | 6.4% | -- | 5.6% |
| Dividend Yield | 1.5% | 3.3% | 3.5% | 3.6% | 3.5% | 3.4% | -- | 3.2% |
| Total Returns | 12.0% | 21.3% | 18.4% | 14.9% | 14.4% | 9.8% | -- | 8.7% | Ann. Volatility | 15.7% | 13.8% | 12.5% | 12.9% | 12.8% | 15.2% | -- | 14.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 70% |
| MSCI EAFE | 0.55 | 52% |
| MSCI Emg Mkts | 0.39 | 27% |
Liquidity Measures
| Avg. volume (000) | 93 |
| ADV traded (mns) | $3 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $36.19 |
| 30d moving avg. | $36.19 |
| Annualized volatility | 12.4% |
| Relative strength (RSI) | 63 |
| Short interest | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| XIC-CA | iShares Core S&P/TSX Capped Composite Index ETF | 97.7% | 0 bp | +6.8% |
| QCN-CA | Mackenzie Canadian Equity Index ETF | 95.0% | -1 bp | +6.9% |
| TTP-CA | TD Canadian Equity Index ETF | 91.4% | 0 bp | +6.9% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 91.2% | -1 bp | +6.8% |
| XIU-CA | iShares S&P/TSX 60 Index ETF | 80.2% | +12 bp | +6.5% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 75.2% | 0 bp | +6.8% |
| XESG-CA | iShares ESG Aware MSCI Canada Index ETF | 68.6% | +11 bp | +6.5% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 53.3% | +12 bp | +6.5% |
| XEI-CA | iShares S&P/TSX Composite High Dividend Index ETF | 43.9% | +18 bp | +8.0% |
| VDY-CA | Vanguard FTSE Canadian High Dividend Yield Index ETF | 41.8% | +17 bp | +8.4% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ZCN-CA
6.8%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 17 funds in the Canadian Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
1.4%. ZCN-CA's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places ZCN-CA in the 27th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ZCN-CASELL
U/W
HOLD
O/W
BUY