VS
iShares ESG Balanced ETF Portfolio (GBAL) and BMO Canadian Core Plus US Balanced ETF (ZBCB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that GBAL focuses its top 3 sector exposures on Finance, Technology, and Sovereign, while ZBCB leans towards Finance, Technology, and Municipal. When evaluating costs, GBAL features a management fee (MER) of 0.22%, compared to 0.45% for ZBCB. Performance-wise, GBAL has returned 10.53% year-to-date with +$74 M in net flows, whereas ZBCB is at 8.33% with +$2 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
ZBCB
| AuM | $287.72 M | $8.95 M |
| Management Fees | 0.22% | 0.45% |
| Exp. ratio | 0.24% | 0.45% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBAL | -0.83% | +1.38% | +10.53% | +15.91% | +57.25% |
ZBCB | -0.16% | +2.05% | +8.33% | +14.02% | - | |
| Flows | GBAL | +$12 M | +$29 M | +$74 M | +$101 M | +$189 M |
ZBCB | +$0 M | -$0 M | +$2 M | +$5 M | - |
GBAL vs ZBCB exposure
Countries
GBAL
Canada
52.79%
USA
29.61%
Other
17.60%
ZBCB
Canada
56.77%
USA
39.71%
Sectors
GBAL
Finance
33.62%
Technology
18.27%
Sovereign
11.85%
Municipal
9.18%
Other
27.09%
ZBCB
Finance
29.62%
Technology
14.83%
Municipal
12.10%
Energy
10.08%
Other
33.37%
As of September 3, 2026
Top 10 Holdings
GBAL
NVIDIA Corp.
2.92%
Royal Bank of Canada
2.01%
The Toronto-Dominion Bank
1.95%
Broadcom Inc.
1.85%
Shopify, Inc.
1.50%
Bank of Montreal
1.23%
Canadian Imperial Bank of Commerce
1.08%
The Bank of Nova Scotia
1.08%
Micron Technology, Inc.
1.04%
Canada, Bond 2 1jun2028 10Y
0.95%
ZBCB
Royal Bank of Canada
3.24%
Alphabet, Inc.
3.05%
NVIDIA Corp.
2.50%
Bank of America Corp.
2.44%
Apple, Inc.
2.44%
Amazon.com, Inc.
1.91%
Suncor Energy, Inc.
1.90%
Canadian Natural Resources Ltd.
1.83%
Agnico Eagle Mines Ltd.
1.81%
The Toronto-Dominion Bank
1.73%
Diversification
GBAL
Total weight of top 10 holdings out of 1,382 total
15.60%
ZBCB
Total weight of top 10 holdings out of 16,100 total
22.86%
Characteristics
Compare
GBAL
ZBCB
| 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 | 1.68% | 2.01% |
| Meets ESG criteria | Yes | No |
| Inception Date | September 10, 2020 | May 21, 2025 |
Frequently asked questions about GBAL and ZBCB
Which ETF has performed better year to date: GBAL or ZBCB?
As of September 3, 2026, GBAL has returned 10.53% year to date, while ZBCB has returned 8.33%. GBAL is ahead on YTD performance.
Which ETF is larger by assets under management: GBAL or ZBCB?
As of September 3, 2026, GBAL manages $287.72 M in assets, while ZBCB manages $8.95 M. GBAL is the larger fund by AUM.
How are GBAL and ZBCB managed?
GBAL is actively managed by iShares. It does not track an index. ZBCB is actively managed by BMO. It does not track an index.
What sectors do GBAL and ZBCB emphasize?
GBAL is most exposed to Finance, Technology, and Sovereign. ZBCB is most exposed to Finance, Technology, and Municipal.
Which ETF is attracting more investor flows: GBAL or ZBCB?
Year to date, GBAL has seen +$74.34 M in net flows, compared with +$1.65 M for ZBCB. GBAL has attracted more net investor money so far.
How do the fees of GBAL and ZBCB compare?
GBAL has an expense ratio of 0.24%, while ZBCB has an expense ratio of 0.45%.
What are the top holdings of GBAL and ZBCB?
GBAL's largest holdings include NVIDIA Corp., Royal Bank of Canada, and The Toronto-Dominion Bank. ZBCB's top holdings include Royal Bank of Canada, Alphabet, Inc., and NVIDIA Corp..
Which ETF is more diversified: GBAL or ZBCB?
GBAL holds 1375 securities, while ZBCB holds 6680. On holdings count, ZBCB 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.