The verdict
Point by point, who wins.
VEQT (Vanguard) and ZEQT (BMO) are both all-equity, globally diversified ETFs targeting a similar outcome. The differences are in provider, slight allocation tilts, and fund size. For most investors, this is a coin flip.
01Fund size and liquidityVEQT has ~$13.4B in AUM vs ZEQT's ~$591M, which means better liquidity and tighter bid-ask spreads.VEQT
02MERBoth have an effective MER of ~0.20%. VEQT's management fee is 0.17%, ZEQT's is 0.15%. The all-in MERs are effectively identical.Tie
03Track recordVEQT launched earlier and has a longer performance history to evaluate, though both are relatively young funds.VEQT
04Provider ecosystemVanguard and BMO are both reputable providers. If your brokerage has commission-free trading for one provider, that may tip the decision.Tie
The recommendation
VEQT is the more established choice with better liquidity. ZEQT is a fine alternative if your brokerage favors BMO products or you prefer their slight allocation differences. Either will serve a passive investor well.
Editorial analysis · Public fund data · Not financial advice · Your situation may differ