VS
Compare iShares Canadian Financial Monthly Income ETF (FIE) vs BMO Canadian Bank Income Index ETF (ZBI) to find the best fit for your portfolio. FIE provides Finance, Energy, and Utilities exposures, while ZBI is primarily weighted in Finance. When evaluating costs, FIE features a management fee (MER) of 0.65%, compared to 0.25% for ZBI. Performance-wise, FIE has returned 15.17% year-to-date with -$49 M in net flows, whereas ZBI is at 2.38% with +$76 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
FIE
ZBI
| AuM | $1,377.37 M | $240.68 M |
| Management Fees | 0.65% | 0.25% |
| Exp. ratio | 0.74% | 0.27% |
| Tracking Difference | - | -0.26% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FIE | -0.16% | -3.16% | +15.17% | +25.23% | +109.83% |
ZBI | +0.47% | +0.28% | +2.38% | +3.04% | +26.87% | |
| Flows | FIE | -$8 M | -$16 M | -$49 M | -$51 M | -$155 M |
ZBI | +$17 M | +$70 M | +$76 M | +$115 M | +$224 M |
FIE vs ZBI exposure
Countries
FIE
Canada
98.00%
ZBI
Canada
100.00%
Sectors
FIE
Finance
84.74%
Other
15.26%
ZBI
Finance
100.00%
As of October 16, 2026
Top 10 Holdings
FIE
Royal Bank of Canada
8.15%
Canadian Imperial Bank of Commerce
8.12%
The Toronto-Dominion Bank
7.26%
Manulife Financial Corp.
6.82%
Bank of Montreal
6.37%
National Bank of Canada
6.15%
Power Corp of Canada
4.04%
Great-West Lifeco, Inc.
3.60%
iA Financial Corp., Inc.
3.50%
The Bank of Nova Scotia
2.65%
ZBI
Toronto-Dominion Bank, 3.6% 31oct2081, CAD (1)
3.26%
Toronto-Dominion Bank, 7.283% 31oct2082, CAD (2)
3.02%
Bank of Nova Scotia, 7.023% 27jul2082, CAD
2.99%
Toronto-Dominion Bank, 5.918% 31jul2086, CAD (7)
2.50%
Bank of Nova Scotia, 3.7% 27jul2081, CAD (1)
2.49%
Bank of Montreal, 7.325% 26nov2082, CAD (3)
2.06%
Royal Bank of Canada, 3.65% 24nov2081, CAD (3)
1.83%
CIBC, 7.15% 28jul2082, CAD (3)
1.63%
Bank of Montreal, 5.625% 26may2082, CAD (2)
1.47%
Toronto-Dominion Bank, 5.909% 31jan2085, CAD (5)
1.46%
Diversification
FIE
Total weight of top 10 holdings out of 1,514 total
56.66%
ZBI
Total weight of top 10 holdings out of 166 total
22.72%
Characteristics
Compare
FIE
ZBI
| Provider | iShares | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canada Bank Income Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.32% | 4.50% |
| Meets ESG criteria | No | No |
| Inception Date | April 16, 2010 | January 17, 2022 |
Frequently asked questions about FIE and ZBI
Which ETF has performed better year to date: FIE or ZBI?
As of October 16, 2026, FIE has returned 15.17% year to date, while ZBI has returned 2.38%. FIE is ahead on YTD performance.
Which ETF is larger by assets under management: FIE or ZBI?
As of October 16, 2026, FIE manages $1.38 B in assets, while ZBI manages $240.68 M. FIE is the larger fund by AUM.
How are FIE and ZBI managed?
FIE is actively managed by iShares. It does not track an index. ZBI is passively managed by BMO. It tracks the Solactive Canada Bank Income Total Return Index - CAD benchmark.
What sectors do FIE and ZBI emphasize?
FIE is most exposed to Finance, Energy, and Utilities. ZBI is most exposed to Finance.
Which ETF is attracting more investor flows: FIE or ZBI?
Year to date, FIE has seen -$49.11 M in net flows, compared with +$75.60 M for ZBI. ZBI has attracted more net investor money so far.
How do the fees of FIE and ZBI compare?
FIE has an expense ratio of 0.74%, while ZBI has an expense ratio of 0.27%.
What are the top holdings of FIE and ZBI?
FIE's largest holdings include Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Manulife Financial Corp.. ZBI's top holdings include Toronto-Dominion Bank, 3.6% 31oct2081, CAD (1), National Bank of Canada, and Toronto-Dominion Bank, 7.283% 31oct2082, CAD (2).
Which ETF is more diversified: FIE or ZBI?
FIE holds 1360 securities, while ZBI holds 159. On holdings count, FIE is the more diversified portfolio.
Recent articles about FIE and ZBI
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