Cheapest ETFs in Canada

These are Canada's ETFs with the lowest MERs:

• BMO ZCN: Titans 60 (largest 60 by market cap and trading volume): MER 0.15%
• Claymore CLF, 1-5 ladder government bond 0.15%
• iShares XIU (TSX 60) 60: 0.17%

Most expensive MERs are in the range of 1.1%, usually leveraged ETFs.

The median MER of all Canadian ETFs is 0.6%.

Performance of the lowest cost ETFs

This is not exactly stellar performance.

• XIU has returned 18.8% (in CAD) since Jan 2009
• CLF has returned -1.48% since Jan 2009
• ZCN has lost 3.45% since October 2009 (its inception)

XIU 1 year chart: