TSX · CAD · ETF

BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) ETF Analysis

ZCN.TO

Expense ratio 0.06% Yield 2.05% Assets CA$18.07B Since May 29, 2009 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$48.60

+CA$0.30 (+0.62%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZCN.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+24.17%	+24.17%	CA$124.17	CA$372.50
3 years	+105.47%	+27.13%	CA$205.47	CA$616.41
5 years	+97.02%	+14.53%	CA$197.02	CA$591.05
10 years	+225.22%	+12.52%	CA$325.22	CA$975.67

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

ZCN.TO Return by Calendar Year

2016 and 2026 are partial years

−8.85%+31.51%+16.43%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+16.43%
2025	+31.51%
2024	+21.64%
2023	+11.63%
2022	−5.84%
2021	+25.05%
2020	+5.69%
2019	+22.85%
2018	−8.85%
2017	+8.94%
2016 (partial year)	+4.26%

ZCN.TO Monthly Returns

−18%+12%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+0.8	+7.7	−4.3	+3.9	+2.2	+0.7	+1.3	+3.0	−2.6	+3.1	—	—
2025	+3.5	−0.5	−1.5	−0.2	+5.6	+2.9	+1.8	+4.9	+5.4	+1.0	+3.9	+1.3
2024	+0.6	+1.8	+4.2	−1.8	+2.6	−1.4	+5.9	+1.1	+3.2	+0.9	+6.4	−3.3
2023	+7.4	−2.4	−0.3	+2.9	−4.9	+3.4	+2.6	−1.3	−3.4	−3.2	+7.5	+3.8
2022	−0.5	+0.3	+4.1	−5.1	+0.1	−8.6	+4.5	−1.4	−4.4	+5.5	+5.5	−4.9
2021	−0.2	+4.2	+4.0	+2.3	+3.5	+2.4	+0.8	+1.5	−2.2	+5.1	−1.5	+2.9
2020	+1.9	−5.8	−17.6	+11.2	+2.8	+2.6	+4.5	+2.2	−2.1	−3.0	+10.8	+1.5
2019	+8.9	+3.1	+1.0	+3.2	−3.1	+2.4	+0.5	+0.5	+1.7	−1.1	+3.8	+0.3
2018	−1.4	−2.8	−0.2	+1.7	+3.1	+1.6	+1.1	−0.6	−0.9	−6.4	+1.5	−5.5
2017	+0.8	+0.4	+1.2	+0.4	−1.4	−0.7	+0.0	+0.5	+3.2	+2.7	+0.6	+1.0

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZCN.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 15.03%
Beta (3y): 1.00
Best year: +31.51%
Worst year: −8.85%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	RY	Royal Bank of Canada	7.83%
2	TD	The Toronto-Dominion Bank	5.59%
3	SHOP	Shopify Inc Registered Shs -A- Subord Vtg	4.39%
4	BMO.TO	Bank of Montreal	3.35%
5	BNS.TO	Bank of Nova Scotia	3.16%
6	ENB.TO	Enbridge Inc	2.93%
7	CNQ.TO	Canadian Natural Resources Ltd	2.89%
8	CM.TO	Canadian Imperial Bank of Commerce	2.88%
9	AEM.TO	Agnico Eagle Mines Ltd	2.75%
10	SU.TO	Suncor Energy Inc	2.26%

Analysis

Data-derived

Fund Overview

BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) is an exchange-traded fund. The fund holds CA$18.07B in total net assets. The expense ratio is 0.06%. On a CA$10,000 position that is CA$6.00 a year. BMO Asset Management Inc is the fund family on file. The inception date on file is May 29, 2009.

Its biggest positions are Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), and Shopify Inc Registered Shs -A- Subord Vtg (SHOP). Royal Bank of Canada alone accounts for 7.83% of the portfolio. The ten largest positions together make up 38.04% of the fund.

Performance Analysis

ZCN.TO last closed at CA$48.60 on October 21, 2026. Over the trailing twelve months the total return is +24.17%. Measured over 10 years, that is +12.52% a year compounded. The fund distributes at a trailing yield of 2.05%.

Across the complete calendar years on file, 2025 returned +31.51% and 2018 returned −8.85%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +16.43% year to date.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$39.56 to CA$49.69. The latest close sits 22.85% above that 52-week low. Annualized volatility over the trailing 10 years is 15.03%. The reported beta is 1. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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