VS
First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FHG focuses its top 3 sector exposures on Industrials, Non-Energy Materials, and Finance, while ZEB leans towards Finance. When evaluating costs, FHG features a management fee (MER) of 0.7%, compared to 0.25% for ZEB. Performance-wise, FHG has returned 11.48% year-to-date with +$6 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
FHG
ZEB
| AuM | $57.39 M | $7,964.98 M |
| Management Fees | 0.70% | 0.25% |
| Exp. ratio | 0.78% | 0.28% |
| Tracking Difference | -1.09% | -3.27% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FHG | +4.66% | -0.48% | +11.48% | +11.23% | +65.78% |
ZEB | +2.92% | -0.49% | +32.05% | +45.52% | +183.86% | |
| Flows | FHG | +$0 M | +$0 M | +$6 M | +$4 M | +$28 M |
ZEB | +$253 M | +$1,000 M | +$1,033 M | +$1,756 M | -$188 M |
FHG vs ZEB exposure
Countries
FHG
USA
88.25%
Other
11.75%
ZEB
Canada
100.00%
Sectors
FHG
Industrials
55.00%
Non-Energy Materials
16.15%
Finance
10.57%
Technology
8.71%
Other
9.57%
ZEB
Finance
100.00%
As of October 29, 2026
Top 10 Holdings
FHG
Accenture Plc
2.03%
Genpact Ltd.
1.50%
PayPal Holdings, Inc.
1.46%
ExlService Holdings, Inc.
1.34%
Vontier Corp.
1.30%
Keysight Technologies, Inc.
1.27%
Mohawk Industries, Inc.
1.23%
nVent Electric Plc
1.16%
ADT, Inc.
1.14%
AGCO Corp.
1.11%
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
FHG
Total weight of top 10 holdings out of 153 total
13.54%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FHG
ZEB
| Provider | First Trust | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | StrataQuant Industrials CAD 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 | 0.60% | 2.34% |
| Meets ESG criteria | No | No |
| Inception Date | October 30, 2014 | October 20, 2009 |
Frequently asked questions about FHG and ZEB
Which ETF has performed better year to date: FHG or ZEB?
As of October 29, 2026, FHG has returned 11.48% year to date, while ZEB has returned 32.05%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: FHG or ZEB?
As of October 29, 2026, FHG manages $57.39 M in assets, while ZEB manages $7.96 B. ZEB is the larger fund by AUM.
How are FHG and ZEB managed?
FHG is passively managed by First Trust. It tracks the StrataQuant Industrials CAD 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 FHG and ZEB emphasize?
FHG is most exposed to Industrials, Non-Energy Materials, and Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: FHG or ZEB?
Year to date, FHG has seen +$6.42 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 FHG and ZEB compare?
FHG has an expense ratio of 0.78%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of FHG and ZEB?
FHG's largest holdings include Accenture Plc, Genpact Ltd., and PayPal Holdings, Inc.. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: FHG or ZEB?
FHG holds 153 securities, while ZEB holds 6. On holdings count, FHG is the more diversified portfolio.
Recent articles about FHG and ZEB
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