A side-by-side comparison of BMO Mid Corporate Bond Index ETF (ZCM) and TD Select Short Term Corporate Bond Ladder ETF (TCSB) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZCM | TCSB |
|---|---|---|
| YTD Return | -0.57% | -0.20%✓ |
| 1-Day Change | -0.13% | +0.14%✓ |
| 1-Week Change | -0.13% | +0.20%✓ |
| 1-Month Change | -1.01% | -0.17%✓ |
| Current Price | $15.62 | $14.83 |
| AUM | $1.49B✓ | $877M |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 4.26%✓ | 3.66% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2010-01-19 | 2018-11-08 |
| Holdings Count | 10 | 8 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | Canadian Corporate Fixed Income | Canadian Corporate Fixed Income |
| Beta | 1.08 | 0.45 |
| 52-Week High | $15.79 | $14.86 |
| 52-Week Low | $14.89 | $14.25 |
| 50-Day MA | $15.70 | $14.82 |
| 200-Day MA | $15.79 | $14.87 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZCM | TCSB |
|---|---|---|
| YTD | -0.57% | -0.20%✓ |
| 1 Year | +5.29%✓ | +4.07% |
| 3 Year | +6.93%✓ | +5.96% |
| 5 Year | +2.10% | +2.97%✓ |
| 10 Year | +3.00% | — |
| 1Y Volatility | 3.59% | 1.56% |
| Sharpe Ratio (3Y) | 0.72 | 1.15 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | Bank Montreal Que 3.19% | 2.82% | |
| 2 | Bank of Nova Scotia 3.1% | 2.58% | |
| 3 | Royal Bank of Canada 2.33% | 2.16% | |
| 4 | TransCanada Trust | 1.88% | |
| 5 | Enbridge Incorporation | 1.71% | |
| 6 | The Toronto-Dominion Bank | 1.44% | |
| 7 | Suncor Energy Inc. | 1.32% | |
| 8 | TransCanada Pipelines Limited 3.8% | 1.32% | |
| 9 | Rogers Communications Inc. 3.25% | 1.20% | |
| 10 | Enbridge Incorporation 2.99% | 1.19% |
| 1 | Saputo Inc. | 2.19% | |
| 2 | RioCan Real Estate Investment Trust | 2.09% | |
| 3 | TransCanada Pipelines Limited | 2.09% | |
| 4 | Enbridge Pipelines Inc. | 2.00% | |
| 5 | Federation des Caisses Desjardins du Quebec | 2.00% | |
| 6 | Dream Industrial Real Estate Investment Trust | 1.95% | |
| 7 | Canadian Imperial Bank of Commerce | 1.94% | |
| 8 | National Bank of Canada | 1.93% |
Sector Weights
| Sector | ZCM | TCSB |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZCM
BMO Mid Corporate Bond Index ETF (ZCM.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About TCSB
NA
Which ETF is Right for You?
Both ZCM and TCSB are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZCM scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZCM and TCSB?
ZCM (BMO Mid Corporate Bond Index ETF) and TCSB (TD Select Short Term Corporate Bond Ladder ETF) are both Canadian-listed ETFs. Key differences include their AUM ($1.49B vs $877M), dividend yield (4.26% vs 3.66%), and year-to-date performance (-0.57% vs -0.20%).
Is ZCM better than TCSB?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy ZCM and TCSB on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZCM and TCSB should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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