VS
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BANK focuses its top 3 sector exposures on Financials, while ZEB leans towards Financials. When evaluating costs, BANK features a management fee (MER) of 0.6%, compared to 0.25% for ZEB. Performance-wise, BANK has returned 9.81% year-to-date with +$79 M in net flows, whereas ZEB is at 12.82% with -$917 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
BANK
ZEB
| AuM | $967.19 M | $5,266.41 M |
| Management Fees | 0.60% | 0.25% |
| Exp. ratio | 0.83% | 0.28% |
| Tracking Difference | - | -0.60% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BANK | +11.29% | +10.20% | +9.81% | +52.71% | +67.70% |
ZEB | +11.34% | +12.03% | +12.82% | +67.83% | +114.74% | |
| Flows | BANK | -$11 M | +$37 M | +$79 M | +$359 M | +$717 M |
ZEB | -$186 M | -$913 M | -$917 M | -$2,240 M | -$1,205 M |
BANK vs ZEB exposure
Countries
BANK
Canada
100.26%
ZEB
Canada
100.00%
Sectors
BANK
Financials
100.26%
ZEB
Financials
100.00%
As of April 24, 2026
Top 10 Holdings
BANK
NATIONAL BANK OF CANADA
10.90%
GREAT WEST LIFECO
10.40%
CDN IMPERIAL BK
10.20%
POWER CORPORATION OF CANADA
10.20%
TORONTO DOMINION
10.10%
SUN LIFE FINL
10.10%
BANK OF MONTREAL
9.83%
ROYAL BK CANADA
9.74%
BNS
9.45%
MANULIFE-S
9.34%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
BANK
Total weight of top 10 holdings out of 10 total
100.26%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
BANK
ZEB
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.13% | 2.66% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2022 | October 20, 2009 |
Frequently asked questions about BANK and ZEB
Which ETF has performed better year to date: BANK or ZEB?
As of April 24, 2026, BANK has returned 9.81% year to date, while ZEB has returned 12.82%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: BANK or ZEB?
As of April 24, 2026, BANK manages $967.19 M in assets, while ZEB manages $5.27 B. ZEB is the larger fund by AUM.
How are BANK and ZEB managed?
BANK is actively managed by Evolve ETFs. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do BANK and ZEB emphasize?
BANK is most exposed to Financials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: BANK or ZEB?
Year to date, BANK has seen +$79.34 M in net flows, compared with -$917.23 M for ZEB. BANK has attracted more net investor money so far.
How do the fees of BANK and ZEB compare?
BANK has an expense ratio of 0.83%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of BANK and ZEB?
BANK's largest holdings include NATIONAL BANK OF CANADA, GREAT WEST LIFECO, and CDN IMPERIAL BK. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: BANK or ZEB?
BANK holds 10 securities, while ZEB holds 6. On holdings count, BANK is the more diversified portfolio.
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