VS
CIBC 2027 Investment Grade Bond Fund (CTBC) and BMO Corporate Bond Index ETF (ZCB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CTBC focuses its top 3 sector exposures on Finance, Utilities, and Consumer Non-Cyclicals, while ZCB leans towards Finance, Energy, and Industrials. When evaluating costs, CTBC features a management fee (MER) of 0.15%, compared to 0.15% for ZCB. Performance-wise, CTBC has returned 2.04% year-to-date with +$50 M in net flows, whereas ZCB is at 1.5% with +$496 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
CTBC
ZCB
| AuM | $101.41 M | $2,166.00 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.23% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBC | +0.13% | +0.56% | +2.04% | +2.28% | - |
ZCB | +0.86% | +0.83% | +1.50% | +1.18% | +19.08% | |
| Flows | CTBC | +$5 M | +$16 M | +$50 M | +$58 M | - |
ZCB | -$1 M | +$140 M | +$496 M | +$550 M | +$2,117 M |
CTBC vs ZCB exposure
Countries
CTBC
Canada
89.59%
Other
10.41%
ZCB
Canada
91.60%
USA
7.35%
Sectors
CTBC
Finance
50.22%
Utilities
9.39%
Consumer Non-Cyclicals
7.76%
Other
32.64%
ZCB
Finance
45.09%
Energy
21.95%
Industrials
8.27%
Other
24.69%
As of November 11, 2026
Top 10 Holdings
CTBC
Ontario Teachers Finance Trust, 1.1% 19oct2027, CAD
5.31%
Heathrow Funding, 2.694% 13oct2027, CAD (MPLE, ABS)
5.16%
John Deere Financial Inc., 1.34% 8sep2027, CAD
5.14%
Bank of Nova Scotia, 1.4% 1nov2027, CAD
5.11%
Dream Industrial REIT, 2.057% 17jun2027, CAD
4.97%
Stantec, 2.048% 8oct2027, CAD
4.97%
Allied Properties REIT, 3.113% 8apr2027, CAD
4.82%
Canadian Western Bank, 1.818% 16dec2027, CAD
4.71%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
4.63%
Saputo, 2.242% 16jun2027, CAD (7)
4.48%
ZCB
Royal Bank of Canada, 5.228% 24jun2030, CAD
4.54%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
4.50%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
4.28%
Alimentation Couche-Tard, 4.603% 25jan2029, CAD (8)
3.32%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
3.20%
Choice Properties REIT, 6.003% 24jun2032, CAD (R)
2.33%
Rogers Communications, 5.8% 21sep2030, CAD
2.30%
TransCanada PipeLines, 5.33% 12may2032, CAD
2.27%
TransCanada PipeLines, 5.277% 15jul2030, CAD
2.26%
Enbridge, 5.75% 2sep2039, CAD
2.24%
Diversification
CTBC
Total weight of top 10 holdings out of 32 total
49.30%
ZCB
Total weight of top 10 holdings out of 66 total
31.25%
Characteristics
Compare
CTBC
ZCB
| Provider | CIBC | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada All Corporate Bond TR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.75% | 4.20% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | March 2, 2018 |
Frequently asked questions about CTBC and ZCB
Which ETF has performed better year to date: CTBC or ZCB?
As of November 11, 2026, CTBC has returned 2.04% year to date, while ZCB has returned 1.50%. CTBC is ahead on YTD performance.
Which ETF is larger by assets under management: CTBC or ZCB?
As of November 11, 2026, CTBC manages $101.41 M in assets, while ZCB manages $2.17 B. ZCB is the larger fund by AUM.
How are CTBC and ZCB managed?
CTBC is actively managed by CIBC. It does not track an index. ZCB is passively managed by BMO. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark.
What sectors do CTBC and ZCB emphasize?
CTBC is most exposed to Finance, Utilities, and Consumer Non-Cyclicals. ZCB is most exposed to Finance, Energy, and Industrials.
Which ETF is attracting more investor flows: CTBC or ZCB?
Year to date, CTBC has seen +$49.87 M in net flows, compared with +$495.73 M for ZCB. ZCB has attracted more net investor money so far.
How do the fees of CTBC and ZCB compare?
CTBC has an expense ratio of 0.23%, while ZCB has an expense ratio of 0.17%.
What are the top holdings of CTBC and ZCB?
CTBC's largest holdings include Ontario Teachers Finance Trust, 1.1% 19oct2027, CAD, Heathrow Funding, 2.694% 13oct2027, CAD (MPLE, ABS), and John Deere Financial Inc., 1.34% 8sep2027, CAD. ZCB's top holdings include Royal Bank of Canada, 5.228% 24jun2030, CAD, Toronto-Dominion Bank, 5.491% 8sep2028, CAD, and Bank of Nova Scotia, 4.442% 15nov2035, CAD.
Which ETF is more diversified: CTBC or ZCB?
CTBC holds 32 securities, while ZCB holds 66. On holdings count, ZCB is the more diversified portfolio.
Recent articles about CTBC and ZCB
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