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Compare Global X Equal Weight Canadian Banks Index ETF (HBNK) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. HBNK and ZEB provide the same top sector exposures: Finance. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.25% for ZEB. Performance-wise, HBNK has returned 27.64% year-to-date with -$514 M in net flows, whereas ZEB is at 27.55% with -$11 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
HBNK
ZEB
| AuM | $706.91 M | $6,750.99 M |
| Management Fees | 0.09% | 0.25% |
| Exp. ratio | 0.10% | 0.28% |
| Tracking Difference | -0.42% | -0.62% |
Historical performance and flows
As of August 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | -3.83% | +7.77% | +27.64% | +57.01% | +153.76% |
ZEB | -3.84% | +7.74% | +27.55% | +56.82% | +152.62% | |
| Flows | HBNK | -$52 M | -$81 M | -$514 M | -$869 M | -$77 M |
ZEB | -$277 M | +$1,174 M | -$11 M | +$352 M | -$1,183 M |
HBNK vs ZEB exposure
Countries
HBNK
Canada
99.94%
ZEB
Canada
100.00%
Sectors
HBNK
Finance
99.94%
ZEB
Finance
100.00%
As of August 20, 2026
Top 10 Holdings
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HBNK
ZEB
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | 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 | 2.67% | 2.39% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | October 20, 2009 |
Frequently asked questions about HBNK and ZEB
Which ETF has performed better year to date: HBNK or ZEB?
As of August 20, 2026, HBNK has returned 27.64% year to date, while ZEB has returned 27.55%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or ZEB?
As of August 20, 2026, HBNK manages $706.91 M in assets, while ZEB manages $6.75 B. ZEB is the larger fund by AUM.
How are HBNK and ZEB managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HBNK and ZEB emphasize?
HBNK is most exposed to Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: HBNK or ZEB?
Year to date, HBNK has seen -$513.54 M in net flows, compared with -$10.54 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of HBNK and ZEB compare?
HBNK has an expense ratio of 0.10%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of HBNK and ZEB?
HBNK's largest holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: HBNK or ZEB?
HBNK holds 6 securities, while ZEB holds 6. On holdings count, HBNK is the more diversified portfolio.
Recent articles about HBNK and ZEB
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