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Harvest US Equity Leaders Income ETF (HBF) and BMO US Equity Focused ETF (ZBEU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HBF focuses its top 3 sector exposures on Technology, Consumer Non-Cyclicals, and Finance, while ZBEU leans towards Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, HBF features a management fee (MER) of 0.75%, compared to 0.51% for ZBEU. Performance-wise, HBF has returned 8.36% year-to-date with +$36 M in net flows, whereas ZBEU is at 15.16% with -$0 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
HBF
ZBEU
| AuM | $570.30 M | $14.68 M |
| Management Fees | 0.75% | 0.51% |
| Exp. ratio | 0.91% | 0.51% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBF | -1.22% | +0.71% | +8.36% | +12.41% | +46.87% |
ZBEU | -2.61% | -2.01% | +15.16% | +18.57% | - | |
| Flows | HBF | +$2 M | +$11 M | +$36 M | +$37 M | +$73 M |
ZBEU | +$0 M | +$0 M | -$0 M | -$0 M | - |
HBF vs ZBEU exposure
Countries
HBF
USA
93.94%
ZBEU
USA
95.07%
Sectors
HBF
Technology
35.36%
Consumer Non-Cyclicals
20.00%
Finance
19.42%
Other
25.22%
ZBEU
Technology
42.91%
Finance
16.25%
Consumer Non-Cyclicals
11.16%
Healthcare
8.50%
Industrials
8.11%
Other
13.08%
As of September 14, 2026
Top 10 Holdings
HBF
Amazon.com, Inc.
5.75%
Microsoft Corp.
5.68%
Oracle Corp.
5.32%
Alphabet, Inc.
5.14%
NVIDIA Corp.
5.03%
Shell Plc
5.02%
Broadcom Inc.
4.98%
Caterpillar, Inc.
4.96%
Morgan Stanley
4.92%
Wells Fargo & Co.
4.87%
ZBEU
Apple, Inc.
7.24%
NVIDIA Corp.
6.14%
Alphabet, Inc.
5.43%
Amazon.com, Inc.
4.14%
Microsoft Corp.
4.07%
Advanced Micro Devices, Inc.
3.85%
Broadcom Inc.
2.47%
Philip Morris International, Inc.
2.45%
Berkshire Hathaway, Inc.
2.25%
Johnson Controls International Plc
2.18%
Diversification
HBF
Total weight of top 10 holdings out of 25 total
51.66%
ZBEU
Total weight of top 10 holdings out of 53 total
40.20%
Characteristics
Compare
HBF
ZBEU
| Provider | Harvest Portfolios Group | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 7.84% | 0.24% |
| Meets ESG criteria | No | No |
| Inception Date | July 24, 2014 | May 21, 2025 |
Frequently asked questions about HBF and ZBEU
Which ETF has performed better year to date: HBF or ZBEU?
As of September 14, 2026, HBF has returned 8.36% year to date, while ZBEU has returned 15.16%. ZBEU is ahead on YTD performance.
Which ETF is larger by assets under management: HBF or ZBEU?
As of September 14, 2026, HBF manages $570.30 M in assets, while ZBEU manages $14.68 M. HBF is the larger fund by AUM.
How are HBF and ZBEU managed?
HBF is actively managed by Harvest Portfolios Group. It does not track an index. ZBEU is actively managed by BMO. It does not track an index.
What sectors do HBF and ZBEU emphasize?
HBF is most exposed to Technology, Consumer Non-Cyclicals, and Finance. ZBEU is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: HBF or ZBEU?
Year to date, HBF has seen +$36.44 M in net flows, compared with -$0.11 M for ZBEU. HBF has attracted more net investor money so far.
How do the fees of HBF and ZBEU compare?
HBF has an expense ratio of 0.91%, while ZBEU has an expense ratio of 0.51%.
What are the top holdings of HBF and ZBEU?
HBF's largest holdings include Amazon.com, Inc., Microsoft Corp., and Oracle Corp.. ZBEU's top holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc..
Which ETF is more diversified: HBF or ZBEU?
HBF holds 25 securities, while ZBEU holds 53. On holdings count, ZBEU is the more diversified portfolio.
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