VS
CIBC MSCI USA Equity Index ETF (CUEI) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CUEI focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while ZEB leans towards Finance. When evaluating costs, CUEI features a management fee (MER) of 0.05%, compared to 0.25% for ZEB. Performance-wise, CUEI has returned 11.5% year-to-date with +$275 M in net flows, whereas ZEB is at 32.65% 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
CUEI
ZEB
| AuM | $1,494.19 M | $7,087.51 M |
| Management Fees | 0.05% | 0.25% |
| Exp. ratio | 0.06% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CUEI | -0.23% | +7.44% | +11.50% | +21.13% | +79.23% |
ZEB | +1.95% | +17.57% | +32.65% | +66.62% | +147.13% | |
| Flows | CUEI | +$13 M | +$38 M | +$275 M | +$378 M | +$742 M |
ZEB | +$699 M | +$958 M | +$35 M | +$686 M | -$611 M |
CUEI vs ZEB exposure
Countries
CUEI
USA
96.13%
ZEB
Canada
100.00%
Sectors
CUEI
Technology
45.12%
Finance
13.02%
Healthcare
8.84%
Consumer Non-Cyclicals
8.82%
Industrials
8.16%
Other
16.04%
ZEB
Finance
100.00%
As of July 23, 2026
Top 10 Holdings
CUEI
NVIDIA Corp.
7.15%
Apple, Inc.
6.58%
Microsoft Corp.
4.08%
Amazon.com, Inc.
3.57%
Alphabet, Inc.
3.22%
Broadcom Inc.
2.63%
Alphabet, Inc.
2.53%
Micron Technology, Inc.
2.02%
Meta Platforms, Inc.
1.92%
Tesla, Inc.
1.83%
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
CUEI
Total weight of top 10 holdings out of 529 total
35.53%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CUEI
ZEB
| Provider | CIBC | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI USA NTR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.74% | 2.29% |
| Meets ESG criteria | No | No |
| Inception Date | March 31, 2021 | October 20, 2009 |
Frequently asked questions about CUEI and ZEB
Which ETF has performed better year to date: CUEI or ZEB?
As of July 23, 2026, CUEI has returned 11.50% year to date, while ZEB has returned 32.65%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: CUEI or ZEB?
As of July 23, 2026, CUEI manages $1.49 B in assets, while ZEB manages $7.09 B. ZEB is the larger fund by AUM.
How are CUEI and ZEB managed?
CUEI is passively managed by CIBC. It tracks the MSCI USA NTR Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CUEI and ZEB emphasize?
CUEI is most exposed to Technology, Finance, and Healthcare. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: CUEI or ZEB?
Year to date, CUEI has seen +$275.43 M in net flows, compared with +$34.69 M for ZEB. CUEI has attracted more net investor money so far.
How do the fees of CUEI and ZEB compare?
CUEI has an expense ratio of 0.06%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of CUEI and ZEB?
CUEI's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: CUEI or ZEB?
CUEI holds 519 securities, while ZEB holds 6. On holdings count, CUEI is the more diversified portfolio.
Recent articles about CUEI and ZEB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
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.