VS
iShares Equal Weight Banc & Lifeco ETF (CEW) and BMO Covered Call Canadian Banks ETF (ZWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CEW focuses its top 3 sector exposures on Finance, while ZWB leans towards Finance. When evaluating costs, CEW features a management fee (MER) of 0.55%, compared to 0.65% for ZWB. Performance-wise, CEW has returned 30.35% year-to-date with -$3 M in net flows, whereas ZWB is at 25.54% with +$35 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
CEW
ZWB
| AuM | $417.88 M | $4,616.30 M |
| Management Fees | 0.55% | 0.65% |
| Exp. ratio | 0.61% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CEW | -2.15% | +4.88% | +30.35% | +50.21% | +148.70% |
ZWB | -4.67% | +2.04% | +25.54% | +41.85% | +112.85% | |
| Flows | CEW | -$14 M | -$10 M | -$3 M | +$8 M | -$0 M |
ZWB | -$18 M | +$25 M | +$35 M | +$37 M | -$245 M |
CEW vs ZWB exposure
Countries
CEW
Canada
99.74%
ZWB
Canada
100.03%
Sectors
CEW
Finance
99.74%
ZWB
Finance
100.03%
As of September 16, 2026
Top 10 Holdings
CEW
Manulife Financial Corp.
10.31%
Sun Life Financial, Inc.
10.19%
iA Financial Corp., Inc.
10.18%
The Toronto-Dominion Bank
10.03%
Great-West Lifeco, Inc.
10.02%
Canadian Imperial Bank of Commerce
9.89%
National Bank of Canada
9.82%
Bank of Montreal
9.79%
The Bank of Nova Scotia
9.78%
Royal Bank of Canada
9.74%
ZWB
Bank of Montreal
17.17%
Royal Bank of Canada
17.06%
The Toronto-Dominion Bank
16.82%
The Bank of Nova Scotia
16.57%
National Bank of Canada
16.29%
Canadian Imperial Bank of Commerce
16.13%
Diversification
CEW
Total weight of top 10 holdings out of 10 total
99.74%
ZWB
Total weight of top 10 holdings out of 6 total
100.03%
Characteristics
Frequently asked questions about CEW and ZWB
Which ETF has performed better year to date: CEW or ZWB?
As of September 16, 2026, CEW has returned 30.35% year to date, while ZWB has returned 25.54%. CEW is ahead on YTD performance.
Which ETF is larger by assets under management: CEW or ZWB?
As of September 16, 2026, CEW manages $417.88 M in assets, while ZWB manages $4.62 B. ZWB is the larger fund by AUM.
How are CEW and ZWB managed?
CEW is actively managed by iShares. It does not track an index. ZWB is actively managed by BMO. It does not track an index.
What sectors do CEW and ZWB emphasize?
CEW is most exposed to Finance. ZWB is most exposed to Finance.
Which ETF is attracting more investor flows: CEW or ZWB?
Year to date, CEW has seen -$2.82 M in net flows, compared with +$35.05 M for ZWB. ZWB has attracted more net investor money so far.
How do the fees of CEW and ZWB compare?
CEW has an expense ratio of 0.61%, while ZWB has an expense ratio of 0.72%.
What are the top holdings of CEW and ZWB?
CEW's largest holdings include Manulife Financial Corp., Sun Life Financial, Inc., and iA Financial Corp., Inc.. ZWB's top holdings include Bank of Montreal, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: CEW or ZWB?
CEW holds 10 securities, while ZWB holds 6. On holdings count, CEW is the more diversified portfolio.
Recent articles about CEW and ZWB
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.