VS
When evaluating costs, FBAL features a management fee (MER) of 0.37%, compared to 0.25% for ZEB. Performance-wise, FBAL has returned 8.26% year-to-date with +$3 B in net flows, whereas ZEB is at 29.42% with -$762 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
FBAL
ZEB
| AuM | $9,356.43 M | $6,145.67 M |
| Management Fees | 0.37% | 0.25% |
| Exp. ratio | 0.41% | 0.28% |
| Tracking Difference | - | -0.62% |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FBAL | +3.65% | +8.20% | +8.26% | +15.69% | +55.84% |
ZEB | +11.27% | +28.71% | +29.42% | +72.95% | +151.09% | |
| Flows | FBAL | +$416 M | +$1,210 M | +$2,526 M | +$4,990 M | +$7,929 M |
ZEB | +$452 M | +$231 M | -$762 M | -$577 M | -$1,470 M |
FBAL vs ZEB exposure
Countries
FBAL
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
FBAL
Exposure data will be available soon
ZEB
Financials
100.00%
As of June 19, 2026
Top 10 Holdings
FBAL
Exposure data will be available soon
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
FBAL
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FBAL
ZEB
| Provider | Fidelity | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.34% |
| Meets ESG criteria | No | No |
| Inception Date | January 12, 2021 | October 20, 2009 |
Frequently asked questions about FBAL and ZEB
Which ETF has performed better year to date: FBAL or ZEB?
As of June 19, 2026, FBAL has returned 8.26% year to date, while ZEB has returned 29.42%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: FBAL or ZEB?
As of June 19, 2026, FBAL manages $9.36 B in assets, while ZEB manages $6.15 B. FBAL is the larger fund by AUM.
How are FBAL and ZEB managed?
FBAL is actively managed by Fidelity. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: FBAL or ZEB?
Year to date, FBAL has seen +$2,526.05 M in net flows, compared with -$762.34 M for ZEB. FBAL has attracted more net investor money so far.
How do the fees of FBAL and ZEB compare?
FBAL has an expense ratio of 0.41%, while ZEB has an expense ratio of 0.28%.
Recent articles about FBAL and ZEB
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