VS
When evaluating costs, FSL features a management fee (MER) of 0.15%, compared to 0.25% for ZEB. Performance-wise, FSL has returned 0.03% year-to-date with -$4 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
FSL
ZEB
| AuM | $57.84 M | $5,154.86 M |
| Management Fees | 0.15% | 0.25% |
| Exp. ratio | 1.02% | 0.28% |
| Tracking Difference | - | -0.67% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FSL | +1.20% | +0.72% | +0.03% | +2.96% | +18.43% |
ZEB | +9.65% | +10.03% | +15.03% | +65.52% | +121.30% | |
| Flows | FSL | +$1 M | -$5 M | -$4 M | +$4 M | +$24 M |
ZEB | -$391 M | -$648 M | -$1,114 M | -$1,641 M | -$1,550 M |
FSL vs ZEB exposure
Countries
FSL
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
FSL
Exposure data will be available soon
ZEB
Financials
100.00%
As of May 7, 2026
Top 10 Holdings
FSL
Exposure data will be available soon
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
FSL
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FSL
ZEB
| Provider | First Trust | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.03% | 2.62% |
| Meets ESG criteria | No | No |
| Inception Date | August 28, 2013 | October 20, 2009 |
Frequently asked questions about FSL and ZEB
Which ETF has performed better year to date: FSL or ZEB?
As of May 7, 2026, FSL has returned 0.03% year to date, while ZEB has returned 15.03%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: FSL or ZEB?
As of May 7, 2026, FSL manages $57.84 M in assets, while ZEB manages $5.15 B. ZEB is the larger fund by AUM.
How are FSL and ZEB managed?
FSL is actively managed by First Trust. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: FSL or ZEB?
Year to date, FSL has seen -$3.73 M in net flows, compared with -$1,113.95 M for ZEB. FSL has attracted more net investor money so far.
How do the fees of FSL and ZEB compare?
FSL has an expense ratio of 1.02%, while ZEB has an expense ratio of 0.28%.
Recent articles about FSL and ZEB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.