VS
iShares Canadian Financial Monthly Income ETF (FIE) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FIE focuses its top 3 sector exposures on Finance, Energy, and Utilities, while ZEB leans towards Finance. When evaluating costs, FIE features a management fee (MER) of 0.65%, compared to 0.25% for ZEB. Performance-wise, FIE has returned 18.66% year-to-date with -$34 M in net flows, whereas ZEB is at 35.79% with +$267 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
ZEB
| AuM | $1,450.42 M | $7,493.90 M |
| Management Fees | 0.65% | 0.25% |
| Exp. ratio | 0.74% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FIE | +4.13% | +12.28% | +18.66% | +37.33% | +106.35% |
ZEB | +6.04% | +19.90% | +35.79% | +71.33% | +157.89% | |
| Flows | FIE | -$2 M | -$22 M | -$34 M | -$42 M | -$119 M |
ZEB | +$1,233 M | +$1,278 M | +$267 M | +$768 M | -$484 M |
FIE vs ZEB exposure
Countries
FIE
Canada
96.60%
ZEB
Canada
100.00%
Sectors
FIE
Finance
81.97%
Other
18.03%
ZEB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
FIE
Canadian Imperial Bank of Commerce
8.46%
Royal Bank of Canada
8.41%
The Toronto-Dominion Bank
8.32%
Manulife Financial Corp.
6.55%
National Bank of Canada
6.32%
Bank of Montreal
5.78%
Great-West Lifeco, Inc.
4.30%
Power Corp of Canada
4.10%
iA Financial Corp., Inc.
3.48%
Fairfax Financial Holdings Ltd.
2.95%
ZEB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
FIE
Total weight of top 10 holdings out of 1,476 total
58.66%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FIE
ZEB
| Provider | iShares | 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 | 4.15% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | April 16, 2010 | October 20, 2009 |
Frequently asked questions about FIE and ZEB
Which ETF has performed better year to date: FIE or ZEB?
As of July 17, 2026, FIE has returned 18.66% year to date, while ZEB has returned 35.79%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: FIE or ZEB?
As of July 17, 2026, FIE manages $1.45 B in assets, while ZEB manages $7.49 B. ZEB is the larger fund by AUM.
How are FIE and ZEB managed?
FIE is actively managed by iShares. 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 FIE and ZEB emphasize?
FIE is most exposed to Finance, Energy, and Utilities. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: FIE or ZEB?
Year to date, FIE has seen -$33.57 M in net flows, compared with +$266.52 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of FIE and ZEB compare?
FIE has an expense ratio of 0.74%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of FIE and ZEB?
FIE's largest holdings include The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: FIE or ZEB?
FIE holds 1036 securities, while ZEB holds 6. On holdings count, FIE is the more diversified portfolio.
Recent articles about FIE and ZEB
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