VS
Fidelity Global Equity+ Fund (FGEP) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FGEP focuses its top 3 sector exposures on Information Technology, Consumer Discretionary, and Consumer Staples, while ZEB leans towards Financials. When evaluating costs, FGEP features a management fee (MER) of 0.9%, compared to 0.25% for ZEB. Performance-wise, FGEP has returned 12.17% year-to-date with +$59 M in net flows, whereas ZEB is at 15.03% with -$1,114 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
FGEP
ZEB
| AuM | $304.96 M | $5,154.86 M |
| Management Fees | 0.90% | 0.25% |
| Exp. ratio | 1.16% | 0.28% |
| Tracking Difference | - | -0.67% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FGEP | +7.24% | +6.11% | +12.17% | +33.52% | - |
ZEB | +9.65% | +10.03% | +15.03% | +65.52% | +121.30% | |
| Flows | FGEP | +$28 M | +$49 M | +$59 M | +$148 M | - |
ZEB | -$391 M | -$648 M | -$1,114 M | -$1,641 M | -$1,550 M |
FGEP vs ZEB exposure
Countries
FGEP
USA
43.43%
Canada
27.31%
Other
18.62%
Other
10.64%
ZEB
Canada
100.00%
Sectors
FGEP
Other
21.98%
Information Technology
21.54%
Consumer Discretionary
10.34%
Consumer Staples
10.14%
Industrials
9.11%
Other
26.90%
ZEB
Financials
100.00%
As of May 7, 2026
Top 10 Holdings
FGEP
NVIDIA
3.76%
APPLE
3.43%
AMAZON.COM INC
2.90%
METRO
2.25%
MICROSOFT-T
2.03%
META PLATFORMS
1.94%
BROADCOM LIMITED
1.71%
CA01626P1484
1.61%
IMPERIAL BRANDS PLC
1.57%
BCE
1.41%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
FGEP
Total weight of top 10 holdings out of 206 total
22.61%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FGEP
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 | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.62% |
| Meets ESG criteria | No | No |
| Inception Date | May 16, 2024 | October 20, 2009 |
Frequently asked questions about FGEP and ZEB
Which ETF has performed better year to date: FGEP or ZEB?
As of May 7, 2026, FGEP has returned 12.17% year to date, while ZEB has returned 15.03%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: FGEP or ZEB?
As of May 7, 2026, FGEP manages $304.96 M in assets, while ZEB manages $5.15 B. ZEB is the larger fund by AUM.
How are FGEP and ZEB managed?
FGEP 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.
What sectors do FGEP and ZEB emphasize?
FGEP is most exposed to Information Technology, Consumer Discretionary, and Consumer Staples. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: FGEP or ZEB?
Year to date, FGEP has seen +$59.15 M in net flows, compared with -$1,113.95 M for ZEB. FGEP has attracted more net investor money so far.
How do the fees of FGEP and ZEB compare?
FGEP has an expense ratio of 1.16%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of FGEP and ZEB?
FGEP's largest holdings include NVIDIA and APPLE. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: FGEP or ZEB?
FGEP holds 197 securities, while ZEB holds 6. On holdings count, FGEP is the more diversified portfolio.
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