VS
Hamilton Australian Bank Equal-Weight Index ETF (HBA) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HBA focuses its top 3 sector exposures on Finance, while ZEB leans towards Finance. When evaluating costs, HBA features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, HBA has returned 7.55% year-to-date with -$7 M in net flows, whereas ZEB is at 34.53% with +$1 B. 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
HBA
ZEB
| AuM | $136.61 M | $8,302.36 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.70% | 0.28% |
| Tracking Difference | - | -0.51% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBA | +5.80% | -0.54% | +7.55% | +4.90% | +79.35% |
ZEB | +3.45% | +3.08% | +34.53% | +48.50% | +189.18% | |
| Flows | HBA | -$1 M | -$3 M | -$7 M | -$6 M | -$35 M |
ZEB | +$411 M | +$1,260 M | +$1,217 M | +$2,007 M | -$4 M |
HBA vs ZEB exposure
Countries
HBA
Australia
101.15%
ZEB
Canada
100.00%
Sectors
HBA
Finance
101.15%
ZEB
Finance
100.00%
As of October 29, 2026
Top 10 Holdings
HBA
Macquarie Group Ltd.
25.68%
ANZ Group Holdings Ltd.
20.32%
Commonwealth Bank of Australia
20.11%
Westpac Banking Corp.
17.76%
National Australia Bank Ltd.
17.28%
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
HBA
Total weight of top 10 holdings out of 5 total
101.15%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HBA
ZEB
| Provider | Hamilton ETFs | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Australian Bank Equal-Weight GTR Index - AUD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.95% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | June 29, 2020 | October 20, 2009 |
Frequently asked questions about HBA and ZEB
Which ETF has performed better year to date: HBA or ZEB?
As of October 29, 2026, HBA has returned 7.55% year to date, while ZEB has returned 34.53%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: HBA or ZEB?
As of October 29, 2026, HBA manages $136.61 M in assets, while ZEB manages $8.30 B. ZEB is the larger fund by AUM.
How are HBA and ZEB managed?
HBA is passively managed by Hamilton ETFs. It tracks the Solactive Australian Bank Equal-Weight GTR Index - AUD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HBA and ZEB emphasize?
HBA is most exposed to Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: HBA or ZEB?
Year to date, HBA has seen -$6.80 M in net flows, compared with +$1,217.30 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of HBA and ZEB compare?
HBA has an expense ratio of 0.70%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of HBA and ZEB?
HBA's largest holdings include Macquarie Group Ltd., ANZ Group Holdings Ltd., and Commonwealth Bank of Australia. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: HBA or ZEB?
HBA holds 5 securities, while ZEB holds 6. On holdings count, ZEB is the more diversified portfolio.
Recent articles about HBA 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.