VS
Evolve European Banks Enhanced Yield ETF (EBNK) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that EBNK focuses its top 3 sector exposures on Finance, while ZEB leans towards Finance. When evaluating costs, EBNK features a management fee (MER) of 0.6%, compared to 0.25% for ZEB. Performance-wise, EBNK has returned 15.05% year-to-date with +$29 M in net flows, whereas ZEB is at 33.21% with -$11 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
EBNK
ZEB
| AuM | $108.45 M | $7,071.90 M |
| Management Fees | 0.60% | 0.25% |
| Exp. ratio | 0.63% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | EBNK | +4.54% | +14.95% | +15.05% | +36.80% | +110.03% |
ZEB | +1.63% | +17.81% | +33.21% | +67.36% | +149.70% | |
| Flows | EBNK | +$6 M | +$8 M | +$29 M | +$58 M | +$88 M |
ZEB | +$582 M | +$906 M | -$11 M | +$282 M | -$720 M |
EBNK vs ZEB exposure
Countries
EBNK
United Kingdom
20.18%
Spain
15.69%
France
14.65%
Italy
9.67%
Other
39.81%
ZEB
Canada
100.00%
Sectors
EBNK
Finance
99.28%
ZEB
Finance
100.00%
As of July 27, 2026
Top 10 Holdings
EBNK
Erste Group Bank AG
5.67%
NatWest Group Plc
5.32%
Banco Bilbao Vizcaya Argentaria SA
5.31%
Banco Santander SA
5.21%
CaixaBank SA
5.17%
Lloyds Banking Group Plc
5.12%
UniCredit SpA
5.07%
Société Générale SA
5.04%
BNP Paribas SA
4.99%
ING Groep NV
4.96%
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
EBNK
Total weight of top 10 holdings out of 20 total
51.87%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
EBNK
ZEB
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 9.27% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | January 11, 2022 | October 20, 2009 |
Frequently asked questions about EBNK and ZEB
Which ETF has performed better year to date: EBNK or ZEB?
As of July 27, 2026, EBNK has returned 15.05% year to date, while ZEB has returned 33.21%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: EBNK or ZEB?
As of July 27, 2026, EBNK manages $108.45 M in assets, while ZEB manages $7.07 B. ZEB is the larger fund by AUM.
How are EBNK and ZEB managed?
EBNK is actively managed by Evolve ETFs. 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 EBNK and ZEB emphasize?
EBNK is most exposed to Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: EBNK or ZEB?
Year to date, EBNK has seen +$29.27 M in net flows, compared with -$11.29 M for ZEB. EBNK has attracted more net investor money so far.
How do the fees of EBNK and ZEB compare?
EBNK has an expense ratio of 0.63%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of EBNK and ZEB?
EBNK's largest holdings include Erste Group Bank AG, NatWest Group Plc, and Banco Bilbao Vizcaya Argentaria SA. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: EBNK or ZEB?
EBNK holds 20 securities, while ZEB holds 6. On holdings count, EBNK is the more diversified portfolio.
Recent articles about EBNK and ZEB
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