VS
When evaluating costs, GBFD features a management fee (MER) of 0.2%, compared to 0.25% for ZEB. Performance-wise, GBFD has returned 1.81% year-to-date with -$1 M in net flows, whereas ZEB is at 30.26% with +$315 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
GBFD
ZEB
| AuM | $19.68 M | $7,172.10 M |
| Management Fees | 0.20% | 0.25% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | - | -0.51% |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBFD | +0.20% | +0.52% | +1.81% | +2.10% | - |
ZEB | +0.70% | -1.15% | +30.26% | +44.74% | +180.06% | |
| Flows | GBFD | +$1 M | +$0 M | -$1 M | +$1 M | - |
ZEB | -$401 M | +$56 M | +$315 M | +$1,023 M | -$686 M |
GBFD vs ZEB exposure
Countries
GBFD
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
GBFD
Exposure data will be available soon
ZEB
Finance
100.00%
As of October 22, 2026
Top 10 Holdings
GBFD
Exposure data will be available soon
ZEB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
GBFD
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
GBFD
ZEB
| Provider | Guardian Capital | 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 | 1.53% | 2.36% |
| Meets ESG criteria | No | No |
| Inception Date | January 9, 2024 | October 20, 2009 |
Frequently asked questions about GBFD and ZEB
Which ETF has performed better year to date: GBFD or ZEB?
As of October 22, 2026, GBFD has returned 1.81% year to date, while ZEB has returned 30.26%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: GBFD or ZEB?
As of October 22, 2026, GBFD manages $19.68 M in assets, while ZEB manages $7.17 B. ZEB is the larger fund by AUM.
How are GBFD and ZEB managed?
GBFD is actively managed by Guardian Capital. 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: GBFD or ZEB?
Year to date, GBFD has seen -$0.85 M in net flows, compared with +$315.37 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of GBFD and ZEB compare?
GBFD has an expense ratio of 0.28%, while ZEB has an expense ratio of 0.28%.
Recent articles about GBFD and ZEB
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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.