A side-by-side comparison of BMO MSCI China Selection Equity Index ETF (ZCH) and Invesco Golden Dragon China ETF (PGJ) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZCH | PGJ |
|---|---|---|
| YTD Return | -21.04% | -11.53%✓ |
| 1-Day Change | +0.18%✓ | +0.14% |
| 1-Week Change | -0.24%✓ | -2.11% |
| 1-Month Change | -6.31% | -4.92%✓ |
| Current Price | $16.78 | $20.86 |
| AUM | $107M✓ | $78M |
| MER (Expense Ratio) | — | 0.7% |
| Dividend Yield | 1.42% | 1.91%✓ |
| Distribution Frequency | Annually | NA |
| Inception Date | 2010-01-19 | 2004-12-09 |
| Holdings Count | 6 | 64 |
| MorningStar Rating | — | — |
| Category | Greater China Equity | Greater China Equity |
| Beta | 1.02 | 0.66 |
| 52-Week High | $22.52 | $31.49 |
| 52-Week Low | $16.60 | $20.73 |
| 50-Day MA | $17.99 | $22.44 |
| 200-Day MA | $18.77 | $25.34 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZCH | PGJ |
|---|---|---|
| YTD | -21.04% | -11.53%✓ |
| 1 Year | -25.77%✓ | -31.57% |
| 3 Year | +9.81%✓ | -2.35% |
| 5 Year | -4.55%✓ | -11.71% |
| 10 Year | -0.82%✓ | -2.87% |
| 1Y Volatility | 18.34% | 21.43% |
| Sharpe Ratio (3Y) | 0.42 | -0.16 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | 0700 | Tencent Holdings Ltd | 20.88% |
| 2 | 9988 | Alibaba Group Holding Ltd | 13.93% |
| 3 | 3690 | Meituan | 2.76% |
| 4 | 9999 | NetEase Inc | 2.64% |
| 5 | 0992 | Lenovo Group | 2.15% |
| 6 | 9618 | Jd Com Inc | 1.88% |
| 1 | YUMC | Yum China Holdings Inc | 9.11% |
| 2 | JD | JD.com Inc Adr | 8.19% |
| 3 | BABA | Alibaba Group Holding Ltd | 7.96% |
| 4 | NTES | NetEase Inc | 6.90% |
| 5 | BIDU | Baidu Inc | 5.39% |
| 6 | EDU | New Oriental Education & Technology | 4.32% |
| 7 | HTHT | Huazhu Group Ltd | 4.49% |
| 8 | YMM | Full Truck Alliance Co Ltd ADR | 4.39% |
| 9 | BZ | Kanzhun Ltd ADR | 4.06% |
| 10 | VIPS | Vipshop Holdings Limited | 4.17% |
Sector Weights
| Sector | ZCH | PGJ |
|---|---|---|
| Basic Materials | 2.46% | 0.00% |
| Communication Services | 25.61% | 24.25% |
| Consumer Cyclicals | 30.27% | 45.00% |
| Consumer Defensive | 2.15% | 9.41% |
| Energy | 1.41% | 0.00% |
| Financial Services | 21.30% | 2.44% |
| Healthcare | 8.46% | 1.12% |
| Industrials | 3.30% | 2.49% |
| Real Estate | 1.83% | 3.01% |
| Technology | 3.26% | 12.21% |
| Utilities | 1.03% | 0.00% |
About ZCH
The BMO China Equity Index ETF has been designed to replicate, to the extent possible, the performance of the BNY Mellon China Select ADR Index, net of expenses. The ETF will gain exposure to the broad Chinese equity market by holding a basket of American Depository Receipts. The ETF invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.
About PGJ
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of U.S. exchange-listed companies that are headquartered or incorporated in the People's Republic of China. The fund is non-diversified.
Which ETF is Right for You?
Both ZCH and PGJ 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, PGJ 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 ZCH and PGJ?
ZCH (BMO MSCI China Selection Equity Index ETF) and PGJ (Invesco Golden Dragon China ETF) are both Canadian-listed ETFs. Key differences include their AUM ($107M vs $78M), dividend yield (1.42% vs 1.91%), and year-to-date performance (-21.04% vs -11.53%).
Is ZCH better than PGJ?
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 ZCH and PGJ on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZCH and PGJ should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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