VS
When evaluating costs, GCFE features a management fee (MER) of 0.5%, compared to 0.25% for ZEB. Performance-wise, GCFE has returned 10.66% year-to-date with +$9 M in net flows, whereas ZEB is at 31.77% with +$486 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
GCFE
ZEB
| AuM | $28.62 M | $7,454.60 M |
| Management Fees | 0.50% | 0.25% |
| Exp. ratio | 0.77% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GCFE | -3.58% | +2.61% | +10.66% | +12.72% | - |
ZEB | -0.76% | +8.80% | +31.77% | +53.68% | +160.10% | |
| Flows | GCFE | +$0 M | +$2 M | +$9 M | +$10 M | - |
ZEB | +$438 M | +$1,668 M | +$486 M | +$876 M | -$278 M |
GCFE vs ZEB exposure
Countries
GCFE
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
GCFE
Exposure data will be available soon
ZEB
Finance
100.00%
As of September 3, 2026
Top 10 Holdings
GCFE
Exposure data will be available soon
ZEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
GCFE
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
GCFE
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 | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.74% | 2.32% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2023 | October 20, 2009 |
Frequently asked questions about GCFE and ZEB
Which ETF has performed better year to date: GCFE or ZEB?
As of September 3, 2026, GCFE has returned 10.66% year to date, while ZEB has returned 31.77%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: GCFE or ZEB?
As of September 3, 2026, GCFE manages $28.62 M in assets, while ZEB manages $7.45 B. ZEB is the larger fund by AUM.
How are GCFE and ZEB managed?
GCFE 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: GCFE or ZEB?
Year to date, GCFE has seen +$8.57 M in net flows, compared with +$485.70 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of GCFE and ZEB compare?
GCFE has an expense ratio of 0.77%, while ZEB has an expense ratio of 0.28%.
Recent articles about GCFE and ZEB
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.