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 Financials, while ZEB leans towards Financials. When evaluating costs, HBA features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, HBA has returned 3.75% year-to-date with -$4 M in net flows, whereas ZEB is at 12.82% with -$917 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
HBA
ZEB
| AuM | $137.53 M | $5,266.41 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.70% | 0.28% |
| Tracking Difference | - | -0.60% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBA | +2.30% | +4.62% | +3.75% | +20.51% | +68.96% |
ZEB | +11.34% | +12.03% | +12.82% | +67.83% | +114.74% | |
| Flows | HBA | -$1 M | -$3 M | -$4 M | -$13 M | -$42 M |
ZEB | -$186 M | -$913 M | -$917 M | -$2,240 M | -$1,205 M |
HBA vs ZEB exposure
Countries
HBA
Australia
100.20%
ZEB
Canada
100.00%
Sectors
HBA
Financials
100.20%
ZEB
Financials
100.00%
As of April 24, 2026
Top 10 Holdings
HBA
COMMONWEALTH BANK OF AUSTRALIA
21.00%
MACQUARIE GROUP LTD
20.80%
WESTPAC BANKING
20.20%
AUSTRALIA NEW ZEALAND BANKING
19.70%
NATL AUST BANK
18.50%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
HBA
Total weight of top 10 holdings out of 5 total
100.20%
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 | 4.01% | 2.66% |
| 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 April 24, 2026, HBA has returned 3.75% year to date, while ZEB has returned 12.82%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: HBA or ZEB?
As of April 24, 2026, HBA manages $137.53 M in assets, while ZEB manages $5.27 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 Financials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: HBA or ZEB?
Year to date, HBA has seen -$3.91 M in net flows, compared with -$917.23 M for ZEB. HBA 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 COMMONWEALTH BANK OF AUSTRALIA, MACQUARIE GROUP LTD, and WESTPAC BANKING. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
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.
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