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Compare iShares ESG Balanced ETF Portfolio (GBAL) vs BMO Balanced ETF (ZBAL.T) to find the best fit for your portfolio. GBAL and ZBAL.T provide the same top sector exposures: Finance, Technology, and Sovereign. When evaluating costs, GBAL features a management fee (MER) of 0.22%, compared to 0.18% for ZBAL.T. Performance-wise, GBAL has returned 8.77% year-to-date with +$92 M in net flows, whereas ZBAL.T is at 7.87% with +$34 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
GBAL
ZBAL.T
| AuM | $299.59 M | $114.82 M |
| Management Fees | 0.22% | 0.18% |
| Exp. ratio | 0.24% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBAL | -1.75% | -0.53% | +8.77% | +8.54% | +62.86% |
ZBAL.T | -0.72% | -0.06% | +7.87% | +8.04% | +54.44% | |
| Flows | GBAL | +$9 M | +$31 M | +$92 M | +$108 M | +$206 M |
ZBAL.T | +$5 M | +$11 M | +$34 M | +$39 M | +$86 M |
GBAL vs ZBAL.T exposure
Countries
GBAL
Canada
51.71%
USA
30.16%
Other
18.13%
ZBAL.T
Canada
42.18%
USA
38.49%
Other
19.33%
Sectors
GBAL
Finance
32.90%
Technology
20.12%
Sovereign
11.47%
Municipal
8.91%
Other
26.59%
ZBAL.T
Finance
18.53%
Technology
18.43%
Sovereign
14.78%
Municipal
8.74%
Industrials
7.19%
Other
32.34%
As of October 30, 2026
Top 10 Holdings
GBAL
CA46437Q1081
27.07%
CA46436U1003
18.82%
CA46438D1069
15.69%
CA46432E1007
12.61%
CA46431U1057
9.61%
CA45033L1094
8.70%
CA46436Y1025
4.73%
US4642874329
2.68%
ZBAL.T
CA05575T1003
28.05%
CA05590X1024
27.78%
CA05574G1090
14.72%
CA05592U1140
11.70%
CA05579E1097
9.89%
CA05576Y1088
5.68%
CA05589X1050
1.46%
CA05589W2067
0.72%
Diversification
GBAL
Total weight of top 10 holdings out of 1,365 total
99.91%
ZBAL.T
Total weight of top 10 holdings out of 19,745 total
100.00%
Characteristics
Compare
GBAL
ZBAL.T
| Provider | iShares | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.60% | 5.27% |
| Meets ESG criteria | Yes | No |
| Inception Date | September 10, 2020 | January 17, 2022 |
Frequently asked questions about GBAL and ZBAL.T
Which ETF has performed better year to date: GBAL or ZBAL.T?
As of October 30, 2026, GBAL has returned 8.77% year to date, while ZBAL.T has returned 7.87%. GBAL is ahead on YTD performance.
Which ETF is larger by assets under management: GBAL or ZBAL.T?
As of October 30, 2026, GBAL manages $299.59 M in assets, while ZBAL.T manages $114.82 M. GBAL is the larger fund by AUM.
How are GBAL and ZBAL.T managed?
GBAL is actively managed by iShares. It does not track an index. ZBAL.T is actively managed by BMO. It does not track an index.
Which ETF is more diversified: GBAL or ZBAL.T?
GBAL holds 1 securities, while ZBAL.T holds 1. On holdings count, GBAL is the more diversified portfolio.
Which ETF is attracting more investor flows: GBAL or ZBAL.T?
Year to date, GBAL has seen +$92.19 M in net flows, compared with +$33.86 M for ZBAL.T. GBAL has attracted more net investor money so far.
How do the fees of GBAL and ZBAL.T compare?
GBAL has an expense ratio of 0.24%, while ZBAL.T has an expense ratio of 0.20%.
What sectors do GBAL and ZBAL.T emphasize?
GBAL is most exposed to Finance, Technology, and Sovereign. ZBAL.T is most exposed to Finance, Technology, and Sovereign.
Recent articles about GBAL and ZBAL.T
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