A side-by-side comparison of BMO MSCI EAFE Small-Mid Cap Index ETF (ZESM) and Harvest Clean Energy ETF Class A units (HCLN) 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 | ZESM | HCLN |
|---|---|---|
| YTD Return | +1.47% | +22.86%✓ |
| 1-Day Change | +0.10% | +2.71%✓ |
| 1-Week Change | -1.27% | +3.86%✓ |
| 1-Month Change | +2.95% | +16.53%✓ |
| Current Price | $31.08 | $12.90 |
| AUM | $339M✓ | $26M |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | — | — |
| Distribution Frequency | — | Annually |
| Inception Date | 2026-02-05 | 2021-01-11 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | ★ |
| Category | Global Small/Mid Cap Equity | Global Small/Mid Cap Equity |
| Beta | 0.00 | 0.95 |
| 52-Week High | $31.57 | $12.90 |
| 52-Week Low | $27.82 | $7.64 |
| 50-Day MA | $30.23 | $11.22 |
| 200-Day MA | $30.25 | $10.50 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZESM | HCLN |
|---|---|---|
| YTD | +1.47% | +22.86%✓ |
| 1 Year | — | +69.92% |
| 3 Year | — | +3.25% |
| 5 Year | — | -1.78% |
| 10 Year | — | — |
| 1Y Volatility | — | 20.30% |
| Sharpe Ratio (3Y) | — | 0.08 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | SCZ | iShares MSCI EAFE Small-Cap ETF | 43.28% |
| 2 | 5803 | Fujikura Ltd. | 0.52% |
| 3 | 5802 | Sumitomo Electric Industries Ltd. | 0.51% |
| 4 | PRY | Prysmian SpA | 0.42% |
| 5 | SDZNY | Sandoz Group AG | 0.42% |
| 6 | SLHN | Swiss Life Holding AG | 0.41% |
| 7 | DANSKE | Danske Bank A/S | 0.41% |
| 8 | REP | Repsol S.A. | 0.41% |
| 9 | WOW | Woolworths Group Ltd | 0.40% |
| 10 | VWS | Vestas Wind Systems A/S | 0.39% |
| 1 | VBK | VERBIO Vereinigte BioEnergie AG | 3.54% |
| 2 | BLX | Boralex Inc | 3.53% |
| 3 | NDX1 | Nordex SE | 3.42% |
| 4 | PLUG | Plug Power Inc | 3.42% |
| 5 | SLR | Solaria Energía y Medio Ambiente S.A | 3.29% |
| 6 | GRE | Grenergy Renovables S.A | 3.07% |
| 7 | NPI | Northland Power Inc. | 3.04% |
| 8 | SEDG | SolarEdge Technologies Inc | 3.01% |
| 9 | CADLR | Cadeler As | 2.97% |
| 10 | ENS | Enersys | 2.96% |
Sector Weights
| Sector | ZESM | HCLN |
|---|---|---|
| Basic Materials | 8.29% | 3.58% |
| Communication Services | 4.56% | 0.00% |
| Consumer Cyclicals | 10.15% | 0.00% |
| Consumer Defensive | 5.99% | 0.00% |
| Energy | 3.43% | 0.00% |
| Financial Services | 15.63% | 0.00% |
| Healthcare | 6.09% | 0.00% |
| Industrials | 25.78% | 24.24% |
| Real Estate | 7.59% | 0.00% |
| Technology | 8.12% | 23.55% |
| Utilities | 4.38% | 48.64% |
About ZESM
BMO MSCI EAFE Small-Mid Cap Index ETF (ZESM.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About HCLN
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Which ETF is Right for You?
Both ZESM and HCLN are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
ZESM and HCLN are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- 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 ZESM and HCLN?
ZESM (BMO MSCI EAFE Small-Mid Cap Index ETF) and HCLN (Harvest Clean Energy ETF Class A units) are both Canadian-listed ETFs. Key differences include their AUM ($339M vs $26M), dividend yield (N/A vs N/A), and year-to-date performance (+1.47% vs +22.86%).
Is ZESM better than HCLN?
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 ZESM and HCLN on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZESM and HCLN should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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