A side-by-side comparison of BMO S&P US Mid Cap Index ETF (ZMID) and TD Q U.S. Small-Mid-Cap Equity ETF (TQSM) to help Canadian investors make an informed decision.
CIBC Investor's Edge
Transfer your investments to CIBC Investor's Edge and get rewarded with an offer of up to $3,000.
- ✓$6.95 flat-rate commissions
- ✓Backed by Big Five bank security
- ✓Transfer bonus offer up to $3,000
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZMID | TQSM |
|---|---|---|
| YTD Return | +13.08%✓ | +11.80% |
| 1-Day Change | +0.72%✓ | +0.50% |
| 1-Week Change | +0.92%✓ | +0.82% |
| 1-Month Change | +5.19%✓ | +4.00% |
| Current Price | $55.69 | $28.32 |
| AUM | $321M | $870M✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 0.97%✓ | 0.81% |
| Distribution Frequency | — | — |
| Inception Date | 2020-01-28 | 2019-11-20 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★ | ★★★★★ |
| Category | US Small/Mid Cap Equity | US Small/Mid Cap Equity |
| Beta | 1.07 | 0.99 |
| 52-Week High | $55.72 | $28.37 |
| 52-Week Low | $43.67 | $22.60 |
| 50-Day MA | $52.70 | $26.85 |
| 200-Day MA | $50.68 | $25.98 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZMID | TQSM |
|---|---|---|
| YTD | +13.08%✓ | +11.80% |
| 1 Year | +25.90%✓ | +20.91% |
| 3 Year | +17.59%✓ | +17.47% |
| 5 Year | +10.62% | +12.59%✓ |
| 10 Year | — | — |
| 1Y Volatility | 8.85% | 8.92% |
| Sharpe Ratio (3Y) | — | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | FLEX | Flex Ltd | 0.98% |
| 2 | FTI | TechnipFMC PLC | 0.92% |
| 3 | CW | Curtiss-Wright Corporation | 0.76% |
| 4 | XPO | XPO Logistics Inc | 0.76% |
| 5 | UTHR | United Therapeutics Corporation | 0.73% |
| 6 | FN | Fabrinet | 0.69% |
| 7 | MTZ | MasTec Inc | 0.68% |
| 8 | ENTG | Entegris Inc | 0.68% |
| 9 | NVT | nVent Electric PLC | 0.66% |
| 10 | P | Everpure, Inc. | 0.66% |
| 1 | SNEX | Stonex Group Inc | 1.62% |
| 2 | USFD | US Foods Holding Corp | 1.46% |
| 3 | OVV | Ovintiv Inc | 1.44% |
| 4 | MLI | Mueller Industries Inc | 1.39% |
| 5 | DINO | HF Sinclair Corp | 1.39% |
| 6 | FBP | First BanCorp. | 1.36% |
| 7 | FLEX | Flex Ltd | 1.26% |
| 8 | SANM | Sanmina Corporation | 1.24% |
| 9 | EQH | Axa Equitable Holdings Inc | 1.23% |
| 10 | EXEL | Exelixis Inc | 1.10% |
Sector Weights
| Sector | ZMID | TQSM |
|---|---|---|
| Basic Materials | 4.72% | 4.50% |
| Communication Services | 1.00% | 1.76% |
| Consumer Cyclicals | 10.58% | 13.99% |
| Consumer Defensive | 3.74% | 7.13% |
| Energy | 5.53% | 6.28% |
| Financial Services | 14.52% | 21.47% |
| Healthcare | 8.64% | 7.28% |
| Industrials | 25.00% | 20.12% |
| Real Estate | 7.53% | 3.09% |
| Technology | 15.62% | 13.96% |
| Utilities | 3.11% | 0.42% |
About ZMID
NA
About TQSM
NA
Which ETF is Right for You?
Both ZMID and TQSM 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, ZMID 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 ZMID and TQSM?
ZMID (BMO S&P US Mid Cap Index ETF) and TQSM (TD Q U.S. Small-Mid-Cap Equity ETF) are both Canadian-listed ETFs. Key differences include their AUM ($321M vs $870M), dividend yield (0.97% vs 0.81%), and year-to-date performance (+13.08% vs +11.80%).
Is ZMID better than TQSM?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZMID has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZMID and TQSM on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZMID and TQSM should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report