VS
Evolve Active Core Fixed Income Fund (FIXD) and BMO Canadian Bank Income Index ETF (ZBI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FIXD focuses its top 3 sector exposures on Finance, Sovereign, and Municipal, while ZBI leans towards Finance. When evaluating costs, FIXD features a management fee (MER) of 0.45%, compared to 0.25% for ZBI. Performance-wise, FIXD has returned 0.13% year-to-date with +$6 M in net flows, whereas ZBI is at 2.12% with +$83 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
FIXD
ZBI
| AuM | $11.05 M | $247.64 M |
| Management Fees | 0.45% | 0.25% |
| Exp. ratio | 0.70% | 0.27% |
| Tracking Difference | - | -0.26% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FIXD | +1.13% | -0.89% | +0.13% | -0.55% | +12.15% |
ZBI | +0.11% | -0.02% | +2.12% | +2.67% | +26.73% | |
| Flows | FIXD | +$2 M | +$7 M | +$6 M | +$6 M | +$3 M |
ZBI | +$23 M | +$77 M | +$83 M | +$118 M | +$231 M |
FIXD vs ZBI exposure
Countries
FIXD
Canada
78.99%
Other
18.99%
ZBI
Canada
100.00%
Sectors
FIXD
Finance
21.18%
Sovereign
19.20%
Other
18.99%
Municipal
15.39%
Other
25.25%
ZBI
Finance
100.00%
As of October 29, 2026
Top 10 Holdings
FIXD
Canada, Bonds 3.25% 1jun2036, CAD
11.37%
CA30053B1085
7.58%
Sun Life Financial, 3.6% 30jun2081, CAD (2021-1)
5.57%
CA30052A1012
4.72%
Province of Ontario, 3.85% 2dec2036, CAD
4.41%
Canada, Bonds 2.75% 1dec2055, CAD
2.85%
Canada, Bond 3.5 1dec2045 30Y
2.57%
Canada, Bond 2 1jan2051 30Y
2.19%
2122256 Alberta, 7.25% 26feb2030, CAD
1.92%
CA786688AF81
1.63%
ZBI
Toronto-Dominion Bank, 3.6% 31oct2081, CAD (1)
3.40%
Toronto-Dominion Bank, 7.283% 31oct2082, CAD (2)
2.98%
Bank of Nova Scotia, 7.023% 27jul2082, CAD
2.96%
Toronto-Dominion Bank, 5.918% 31jul2086, CAD (7)
2.33%
Bank of Nova Scotia, 3.7% 27jul2081, CAD (1)
2.33%
Bank of Montreal, 7.325% 26nov2082, CAD (3)
2.04%
Royal Bank of Canada, 3.65% 24nov2081, CAD (3)
1.96%
CIBC, 7.15% 28jul2082, CAD (3)
1.61%
Toronto-Dominion Bank, 5.909% 31jan2085, CAD (5)
1.58%
Bank of Montreal, 5.625% 26may2082, CAD (2)
1.46%
Diversification
FIXD
Total weight of top 10 holdings out of 104 total
44.82%
ZBI
Total weight of top 10 holdings out of 164 total
22.65%
Characteristics
Compare
FIXD
ZBI
| Provider | Evolve ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canada Bank Income Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.58% | 4.51% |
| Meets ESG criteria | No | No |
| Inception Date | March 29, 2018 | January 17, 2022 |
Frequently asked questions about FIXD and ZBI
Which ETF has performed better year to date: FIXD or ZBI?
As of October 29, 2026, FIXD has returned 0.13% year to date, while ZBI has returned 2.12%. ZBI is ahead on YTD performance.
Which ETF is larger by assets under management: FIXD or ZBI?
As of October 29, 2026, FIXD manages $11.05 M in assets, while ZBI manages $247.64 M. ZBI is the larger fund by AUM.
How are FIXD and ZBI managed?
FIXD is actively managed by Evolve ETFs. 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 FIXD and ZBI emphasize?
FIXD is most exposed to Finance, Sovereign, and Municipal. ZBI is most exposed to Finance.
Which ETF is attracting more investor flows: FIXD or ZBI?
Year to date, FIXD has seen +$6.09 M in net flows, compared with +$83.18 M for ZBI. ZBI has attracted more net investor money so far.
How do the fees of FIXD and ZBI compare?
FIXD has an expense ratio of 0.70%, while ZBI has an expense ratio of 0.27%.
What are the top holdings of FIXD and ZBI?
FIXD's largest holdings include Canada, Bonds 3.25% 1jun2036, CAD and Sun Life Financial, 3.6% 30jun2081, CAD (2021-1). 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: FIXD or ZBI?
FIXD holds 96 securities, while ZBI holds 157. On holdings count, ZBI is the more diversified portfolio.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.