VS
CIBC 2026 Investment Grade Bond Fund (CTBB) and BMO Ultra Short-Term Bond ETF (ZST) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CTBB focuses its top 3 sector exposures on Finance, Sovereign, and Government Agencies, while ZST leans towards Finance, Utilities, and Energy. When evaluating costs, CTBB features a management fee (MER) of 0.15%, compared to 0.15% for ZST. Performance-wise, CTBB has returned 1.71% year-to-date with +$21 M in net flows, whereas ZST is at 1.81% with -$661 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
CTBB
ZST
| AuM | $102.98 M | $3,448.54 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.23% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBB | +0.21% | +0.60% | +1.71% | +2.51% | - |
ZST | +0.18% | +0.62% | +1.81% | +2.58% | +12.47% | |
| Flows | CTBB | -$1 M | +$8 M | +$21 M | +$41 M | - |
ZST | -$61 M | -$51 M | -$661 M | -$1,224 M | +$2,218 M |
CTBB vs ZST exposure
Countries
CTBB
Canada
89.65%
Other
7.52%
ZST
Canada
91.33%
Other
8.67%
Sectors
CTBB
Finance
39.20%
Sovereign
22.88%
Government Agencies
15.41%
Consumer Cyclicals
10.67%
Other
7.52%
ZST
Finance
63.91%
Utilities
9.70%
Energy
8.99%
Other
17.40%
As of September 17, 2026
Top 10 Holdings
CTBB
Canada Housing Trust, 1.1% 15dec2026, CAD (102)
15.41%
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
9.67%
Bank of Nova Scotia, 1.85% 2nov2026, CAD
9.55%
Canada, Bills 0% 26aug2026, CAD (182D)
8.78%
Canada, Bills 0% 12aug2026, CAD (364D)
8.25%
Ford Credit Canada Co, 2.961% 16sep2026, CAD
7.98%
CA34960VAU22
7.88%
VW Credit Canada, 2.45% 10dec2026, CAD
7.85%
Canada, Bills 0% 9sep2026, CAD (364D)
5.85%
Honda Canada Finance, 1.711% 28sep2026, CAD
4.16%
ZST
Bank of Nova Scotia, 1.85% 2nov2026, CAD
9.85%
North West Redwater Partnership, 2.8% 1jun2027, CAD (J)
6.76%
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
6.59%
Alectra, 2.488% 17may2027, CAD (A)
6.17%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
5.78%
Sun Life Financial, 2.46% 18nov2031, CAD (2021-1)
4.05%
Ventas, 2.45% 4jan2027, CAD (G)
3.93%
Toronto-Dominion Bank, 2.26% 7jan2027, CAD
3.72%
CIBC, 2.25% 7jan2027, CAD (7449)
3.62%
Mercedes-Benz Group, 2.46% 15dec2026, CAD
2.99%
Diversification
CTBB
Total weight of top 10 holdings out of 19 total
85.39%
ZST
Total weight of top 10 holdings out of 49 total
53.45%
Characteristics
Frequently asked questions about CTBB and ZST
Which ETF has performed better year to date: CTBB or ZST?
As of September 17, 2026, CTBB has returned 1.71% year to date, while ZST has returned 1.81%. ZST is ahead on YTD performance.
Which ETF is larger by assets under management: CTBB or ZST?
As of September 17, 2026, CTBB manages $102.98 M in assets, while ZST manages $3.45 B. ZST is the larger fund by AUM.
How are CTBB and ZST managed?
CTBB is actively managed by CIBC. It does not track an index. ZST is actively managed by BMO. It does not track an index.
What sectors do CTBB and ZST emphasize?
CTBB is most exposed to Finance, Sovereign, and Government Agencies. ZST is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: CTBB or ZST?
Year to date, CTBB has seen +$20.50 M in net flows, compared with -$661.14 M for ZST. CTBB has attracted more net investor money so far.
How do the fees of CTBB and ZST compare?
CTBB has an expense ratio of 0.23%, while ZST has an expense ratio of 0.17%.
What are the top holdings of CTBB and ZST?
CTBB's largest holdings include Canada Housing Trust, 1.1% 15dec2026, CAD (102), Royal Bank of Canada, 2.14% 3nov2031, CAD (24), and Bank of Nova Scotia, 1.85% 2nov2026, CAD. ZST's top holdings include Bank of Nova Scotia, 1.85% 2nov2026, CAD, North West Redwater Partnership, 2.8% 1jun2027, CAD (J), and Royal Bank of Canada, 2.14% 3nov2031, CAD (24).
Which ETF is more diversified: CTBB or ZST?
CTBB holds 19 securities, while ZST holds 49. On holdings count, ZST is the more diversified portfolio.
Recent articles about CTBB and ZST
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