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Compare iShares Global Water Index ETF (CWW) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. CWW provides Utilities, Industrials, and Non-Energy Materials exposures, while ZEB is primarily weighted in Finance. When evaluating costs, CWW features a management fee (MER) of 0.6%, compared to 0.25% for ZEB. Performance-wise, CWW has returned 3.86% year-to-date with -$17 M in net flows, whereas ZEB is at 32.05% with +$1 B. 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
CWW
ZEB
| AuM | $286.88 M | $7,964.98 M |
| Management Fees | 0.60% | 0.25% |
| Exp. ratio | 0.66% | 0.28% |
| Tracking Difference | -1.00% | -0.53% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CWW | +1.06% | -1.30% | +3.86% | +2.01% | +51.07% |
ZEB | +2.92% | -0.49% | +32.05% | +45.52% | +183.86% | |
| Flows | CWW | -$7 M | -$8 M | -$17 M | -$21 M | -$118 M |
ZEB | +$253 M | +$1,000 M | +$1,033 M | +$1,756 M | -$188 M |
CWW vs ZEB exposure
Countries
CWW
USA
55.31%
United Kingdom
14.34%
Brazil
10.67%
Other
19.68%
ZEB
Canada
100.00%
Sectors
CWW
Utilities
46.38%
Industrials
34.66%
Non-Energy Materials
15.26%
ZEB
Finance
100.00%
As of October 30, 2026
Top 10 Holdings
CWW
American Water Works Co., Inc.
8.09%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
7.70%
Xylem, Inc.
7.03%
Essential Utilities, Inc.
5.84%
United Utilities Group Plc
5.83%
Severn Trent Plc
5.27%
Veralto Corp.
4.76%
Ecolab, Inc.
4.13%
Geberit AG
3.61%
Watts Water Technologies, Inc.
3.41%
ZEB
The Bank of Nova Scotia
17.14%
The Toronto-Dominion Bank
16.99%
Bank of Montreal
16.79%
Canadian Imperial Bank of Commerce
16.49%
Royal Bank of Canada
16.45%
National Bank of Canada
16.14%
Diversification
CWW
Total weight of top 10 holdings out of 66 total
55.67%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CWW
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Global Water Total Return 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 | 1.30% | 2.34% |
| Meets ESG criteria | Yes | No |
| Inception Date | June 4, 2007 | October 20, 2009 |
Frequently asked questions about CWW and ZEB
Which ETF has performed better year to date: CWW or ZEB?
As of October 30, 2026, CWW has returned 3.86% year to date, while ZEB has returned 32.05%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: CWW or ZEB?
As of October 30, 2026, CWW manages $286.88 M in assets, while ZEB manages $7.96 B. ZEB is the larger fund by AUM.
How are CWW and ZEB managed?
CWW is passively managed by iShares. It tracks the S&P Global Water Total Return Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CWW and ZEB emphasize?
CWW is most exposed to Utilities, Industrials, and Non-Energy Materials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: CWW or ZEB?
Year to date, CWW has seen -$16.54 M in net flows, compared with +$1,032.65 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of CWW and ZEB compare?
CWW has an expense ratio of 0.66%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of CWW and ZEB?
CWW's largest holdings include American Water Works Co., Inc., Companhia de Saneamento Basico do Estado de Sao Paulo SABESP, and Xylem, Inc.. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: CWW or ZEB?
CWW holds 66 securities, while ZEB holds 6. On holdings count, CWW is the more diversified portfolio.
Recent articles about CWW and ZEB
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