VS
CIBC 2029 Investment Grade Bond Fund (CTBE) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CTBE focuses its top 3 sector exposures on Real estate investment and services, Pipelines, and Communication services, while ZEB leans towards Finance. When evaluating costs, CTBE features a management fee (MER) of 0.15%, compared to 0.25% for ZEB. Performance-wise, CTBE has returned 1.26% year-to-date with +$37 M in net flows, whereas ZEB is at 32.7% with -$13 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
CTBE
ZEB
| AuM | $74.18 M | $7,031.18 M |
| Management Fees | 0.15% | 0.25% |
| Exp. ratio | 0.23% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBE | -0.11% | +1.03% | +1.26% | +3.28% | - |
ZEB | +0.43% | +16.10% | +32.70% | +67.40% | +146.66% | |
| Flows | CTBE | +$6 M | +$18 M | +$37 M | +$51 M | - |
ZEB | +$550 M | +$1,053 M | -$13 M | +$264 M | -$820 M |
CTBE vs ZEB exposure
Countries
CTBE
Canada
90.40%
USA
8.82%
ZEB
Canada
100.00%
Sectors
CTBE
Real estate investment and services
16.27%
Pipelines
13.37%
Communication services
10.50%
Water, heat and gas supply
7.74%
Other
52.13%
ZEB
Finance
100.00%
As of July 30, 2026
Top 10 Holdings
CTBE
Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14)
5.25%
Nestle Holdings, 2.192% 26jan2029, CAD (114)
5.07%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
4.98%
Allied Properties REIT, 3.394% 15aug2029, CAD (D)
4.96%
Ontario Power Generation, 2.977% 13sep2029, CAD (4)
4.90%
Dollarama Inc., 2.443% 9jul2029, CAD
4.89%
AIMCo Realty Investors LP, 2.712% 1jun2029, CAD
4.87%
CT Real Estate Investment Trust, 3.029% 5feb2029, CAD (H)
4.84%
TransCanada PipeLines, 3% 18sep2029, CAD
4.82%
Enbridge Gas, 2.37% 9aug2029, CAD
4.79%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
CTBE
Total weight of top 10 holdings out of 29 total
49.38%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CTBE
ZEB
| Provider | CIBC | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.50% | 2.29% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | October 20, 2009 |
Frequently asked questions about CTBE and ZEB
Which ETF has performed better year to date: CTBE or ZEB?
As of July 30, 2026, CTBE has returned 1.26% year to date, while ZEB has returned 32.70%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: CTBE or ZEB?
As of July 30, 2026, CTBE manages $74.18 M in assets, while ZEB manages $7.03 B. ZEB is the larger fund by AUM.
How are CTBE and ZEB managed?
CTBE is actively managed by CIBC. 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 CTBE and ZEB emphasize?
CTBE is most exposed to Real estate investment and services, Pipelines, and Communication services. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: CTBE or ZEB?
Year to date, CTBE has seen +$37.01 M in net flows, compared with -$12.93 M for ZEB. CTBE has attracted more net investor money so far.
How do the fees of CTBE and ZEB compare?
CTBE has an expense ratio of 0.23%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of CTBE and ZEB?
CTBE's largest holdings include Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14), Nestle Holdings, 2.192% 26jan2029, CAD (114), and Province of Ontario, 1.55% 1nov2029, CAD (DMTN251). ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: CTBE or ZEB?
CTBE holds 29 securities, while ZEB holds 6. On holdings count, CTBE is the more diversified portfolio.
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