The Scorecard
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.
VEQT has ~$13.4B in AUM vs ZEQT's ~$591M, which means better liquidity and tighter bid-ask spreads.
Both 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.
VEQT launched earlier and has a longer performance history to evaluate, though both are relatively young funds.
Vanguard and BMO are both reputable providers. If your brokerage has commission-free trading for one provider, that may tip the decision.
Our 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 based on publicly available fund data. Not financial advice. Your situation may differ.