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Compare Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) vs BMO Covered Call Canadian Banks ETF (ZWB) to find the best fit for your portfolio. BANK and ZWB provide the same top sector exposures: Financials. When evaluating costs, BANK features a management fee (MER) of 0.6%, compared to 0.65% for ZWB. Performance-wise, BANK has returned 9.81% year-to-date with +$79 M in net flows, whereas ZWB is at 10.55% with +$10 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
ZWB
| AuM | $967.19 M | $4,148.33 M |
| Management Fees | 0.60% | 0.65% |
| Exp. ratio | 0.83% | 0.72% |
| Tracking Difference | - | - |
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% |
ZWB | +9.56% | +9.84% | +10.55% | +54.48% | +83.66% | |
| Flows | BANK | -$11 M | +$37 M | +$79 M | +$359 M | +$717 M |
ZWB | -$9 M | +$2 M | +$10 M | -$45 M | -$148 M |
BANK vs ZWB exposure
Countries
BANK
Canada
100.26%
ZWB
Canada
100.12%
Sectors
BANK
Financials
100.26%
ZWB
Financials
100.12%
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%
ZWB
TORONTO DOMINION
16.89%
ROYAL BK CANADA
16.86%
BNS
16.70%
BANK OF MONTREAL
16.61%
NATIONAL BANK OF CANADA
16.60%
CDN IMPERIAL BK
16.45%
Diversification
BANK
Total weight of top 10 holdings out of 10 total
100.26%
ZWB
Total weight of top 10 holdings out of 6 total
100.12%
Characteristics
Compare
BANK
ZWB
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.13% | 5.04% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2022 | January 28, 2011 |
Frequently asked questions about BANK and ZWB
Which ETF has performed better year to date: BANK or ZWB?
As of April 24, 2026, BANK has returned 9.81% year to date, while ZWB has returned 10.55%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: BANK or ZWB?
As of April 24, 2026, BANK manages $967.19 M in assets, while ZWB manages $4.15 B. ZWB is the larger fund by AUM.
How are BANK and ZWB managed?
BANK is actively managed by Evolve ETFs. It does not track an index. ZWB is actively managed by BMO. It does not track an index.
What sectors do BANK and ZWB emphasize?
BANK is most exposed to Financials. ZWB is most exposed to Financials.
Which ETF is attracting more investor flows: BANK or ZWB?
Year to date, BANK has seen +$79.34 M in net flows, compared with +$10.50 M for ZWB. BANK has attracted more net investor money so far.
How do the fees of BANK and ZWB compare?
BANK has an expense ratio of 0.83%, while ZWB has an expense ratio of 0.72%.
What are the top holdings of BANK and ZWB?
BANK's largest holdings include NATIONAL BANK OF CANADA, GREAT WEST LIFECO, and CDN IMPERIAL BK. ZWB's top holdings include TORONTO DOMINION, ROYAL BK CANADA, and BNS.
Which ETF is more diversified: BANK or ZWB?
BANK holds 10 securities, while ZWB holds 6. On holdings count, BANK is the more diversified portfolio.
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