VS
Global X Equal Weight Canadian Banks Index ETF (HBNK) and BMO S&P 500 Index ETF (ZSP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HBNK focuses its top 3 sector exposures on Finance, while ZSP leans towards Technology, Finance, and Healthcare. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.08% for ZSP. Performance-wise, HBNK has returned 28.51% year-to-date with -$481 M in net flows, whereas ZSP is at 17.94% 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
HBNK
ZSP
| AuM | $740.17 M | $26,070.82 M |
| Management Fees | 0.09% | 0.08% |
| Exp. ratio | 0.10% | 0.09% |
| Tracking Difference | -0.32% | -0.05% |
Historical performance and flows
As of October 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | -1.50% | -1.36% | +28.51% | +43.89% | +166.15% |
ZSP | +3.84% | +3.93% | +17.94% | +18.47% | +93.62% | |
| Flows | HBNK | +$29 M | -$34 M | -$481 M | -$604 M | -$114 M |
ZSP | +$844 M | +$801 M | +$1,296 M | +$2,149 M | +$5,921 M |
HBNK vs ZSP exposure
Countries
HBNK
Canada
99.74%
ZSP
USA
97.65%
Sectors
HBNK
Finance
99.74%
ZSP
Technology
45.20%
Finance
13.72%
Healthcare
9.09%
Consumer Non-Cyclicals
8.98%
Industrials
7.57%
Other
15.44%
As of October 2, 2026
Top 10 Holdings
HBNK
The Bank of Nova Scotia
17.48%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.21%
Bank of Montreal
16.52%
Canadian Imperial Bank of Commerce
15.70%
National Bank of Canada
15.42%
ZSP
NVIDIA Corp.
7.95%
Apple, Inc.
7.09%
Microsoft Corp.
5.75%
Amazon.com, Inc.
3.93%
Alphabet, Inc.
3.06%
Broadcom Inc.
2.64%
Alphabet, Inc.
2.44%
Meta Platforms, Inc.
1.92%
Micron Technology, Inc.
1.59%
Tesla, Inc.
1.48%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
ZSP
Total weight of top 10 holdings out of 502 total
37.84%
Characteristics
Compare
HBNK
ZSP
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | S&P 500 CAD Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.70% | 0.76% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | November 14, 2012 |
Frequently asked questions about HBNK and ZSP
Which ETF has performed better year to date: HBNK or ZSP?
As of October 2, 2026, HBNK has returned 28.51% year to date, while ZSP has returned 17.94%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or ZSP?
As of October 2, 2026, HBNK manages $740.17 M in assets, while ZSP manages $26.07 B. ZSP is the larger fund by AUM.
How are HBNK and ZSP managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do HBNK and ZSP emphasize?
HBNK is most exposed to Finance. ZSP is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: HBNK or ZSP?
Year to date, HBNK has seen -$481.39 M in net flows, compared with +$1,296.10 M for ZSP. ZSP has attracted more net investor money so far.
How do the fees of HBNK and ZSP compare?
HBNK has an expense ratio of 0.10%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of HBNK and ZSP?
HBNK's largest holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada. ZSP's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: HBNK or ZSP?
HBNK holds 6 securities, while ZSP holds 499. On holdings count, ZSP is the more diversified portfolio.
Recent articles about HBNK and ZSP
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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.