VS
Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CBNK focuses its top 3 sector exposures on Finance and Sovereign, while ZEB leans towards Finance. When evaluating costs, CBNK features a management fee (MER) of 0.65%, compared to 0.25% for ZEB. Performance-wise, CBNK has returned 42.66% year-to-date with +$21 M in net flows, whereas ZEB is at 31.77% with +$486 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
CBNK
ZEB
| AuM | $198.48 M | $7,454.60 M |
| Management Fees | 0.65% | 0.25% |
| Exp. ratio | 1.68% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CBNK | -1.21% | +11.33% | +42.66% | +70.63% | +205.45% |
ZEB | -0.76% | +8.80% | +31.77% | +53.68% | +160.10% | |
| Flows | CBNK | +$6 M | +$13 M | +$21 M | +$12 M | +$25 M |
ZEB | +$438 M | +$1,668 M | +$486 M | +$876 M | -$278 M |
CBNK vs ZEB exposure
Countries
CBNK
Canada
99.95%
ZEB
Canada
100.00%
Sectors
CBNK
Finance
98.64%
ZEB
Finance
100.00%
As of September 4, 2026
Top 10 Holdings
CBNK
Canadian Imperial Bank of Commerce
15.36%
The Toronto-Dominion Bank
15.30%
Bank of Montreal
15.23%
National Bank of Canada
15.20%
Royal Bank of Canada
15.15%
The Bank of Nova Scotia
14.60%
Premium Income Corp.
7.79%
Canada, Bills 0% 21oct2026, CAD (182D)
1.32%
ZEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
CBNK
Total weight of top 10 holdings out of 8 total
99.95%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CBNK
ZEB
| Provider | Mulvihill | 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 | 6.33% | 2.32% |
| Meets ESG criteria | No | No |
| Inception Date | February 25, 2022 | October 20, 2009 |
Frequently asked questions about CBNK and ZEB
Which ETF has performed better year to date: CBNK or ZEB?
As of September 4, 2026, CBNK has returned 42.66% year to date, while ZEB has returned 31.77%. CBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CBNK or ZEB?
As of September 4, 2026, CBNK manages $198.48 M in assets, while ZEB manages $7.45 B. ZEB is the larger fund by AUM.
How are CBNK and ZEB managed?
CBNK is actively managed by Mulvihill. 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 CBNK and ZEB emphasize?
CBNK is most exposed to Finance and Sovereign. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: CBNK or ZEB?
Year to date, CBNK has seen +$20.85 M in net flows, compared with +$485.70 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of CBNK and ZEB compare?
CBNK has an expense ratio of 1.68%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of CBNK and ZEB?
CBNK's largest holdings include Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank, and Bank of Montreal. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: CBNK or ZEB?
CBNK holds 8 securities, while ZEB holds 6. On holdings count, CBNK is the more diversified portfolio.
Recent articles about CBNK and ZEB
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