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Compare Global X Equal Weight Canadian Banks Index ETF (HBNK) vs BMO Equal Weight Utilities Index ETF (ZUT) to find the best fit for your portfolio. HBNK provides Financials exposures, while ZUT is primarily weighted in Utilities. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.55% for ZUT. Performance-wise, HBNK has returned 4.26% year-to-date with -$244 M in net flows, whereas ZUT is at 17.29% with -$87 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
ZUT
| AuM | $823.94 M | $863.56 M |
| Management Fees | 0.09% | 0.55% |
| Exp. ratio | 0.10% | 0.61% |
| Tracking Difference | -0.37% | -0.74% |
Historical performance and flows
As of April 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | +0.90% | +3.13% | +4.26% | +65.79% | - |
ZUT | +7.59% | +16.38% | +17.29% | +41.42% | +41.26% | |
| Flows | HBNK | -$151 M | -$243 M | -$244 M | -$505 M | - |
ZUT | -$4 M | -$85 M | -$87 M | +$76 M | +$227 M |
HBNK vs ZUT exposure
Countries
HBNK
Canada
99.69%
ZUT
Canada
82.74%
Bermuda
17.26%
Sectors
HBNK
Financials
99.69%
ZUT
Utilities
100.00%
As of April 6, 2026
Top 10 Holdings
HBNK
NATIONAL BANK OF CANADA
17.58%
CDN IMPERIAL BK
17.35%
TORONTO DOMINION
17.25%
BNS
16.27%
ROYAL BK CANADA
15.76%
BANK OF MONTREAL
15.48%
ZUT
BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT
8.73%
ATCO
8.70%
BROOKFIELD RENEWABLE PARTNERS
8.53%
CANADIAN UTILITIES
8.28%
ALGONQUIN POWER
8.23%
HYDRO ONE
7.94%
FORTIS
7.66%
ALTAGAS
7.40%
EMERA
7.26%
CAPITAL POWER
7.12%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.69%
ZUT
Total weight of top 10 holdings out of 13 total
79.85%
Characteristics
Compare
HBNK
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.15% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | January 19, 2010 |
Frequently asked questions about HBNK and ZUT
Which ETF has performed better year to date: HBNK or ZUT?
As of April 6, 2026, HBNK has returned 4.26% year to date, while ZUT has returned 17.29%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or ZUT?
As of April 6, 2026, HBNK manages $823.94 M in assets, while ZUT manages $863.56 M. ZUT is the larger fund by AUM.
How are HBNK and ZUT managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do HBNK and ZUT emphasize?
HBNK is most exposed to Financials. ZUT is most exposed to Utilities.
Which ETF is attracting more investor flows: HBNK or ZUT?
Year to date, HBNK has seen -$243.78 M in net flows, compared with -$86.71 M for ZUT. ZUT has attracted more net investor money so far.
How do the fees of HBNK and ZUT compare?
HBNK has an expense ratio of 0.10%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of HBNK and ZUT?
HBNK's largest holdings include NATIONAL BANK OF CANADA, CDN IMPERIAL BK, and TORONTO DOMINION. ZUT's top holdings include BROOKFIELD INFRASTRUCTURE PARTNERS LP UNIT, ATCO, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: HBNK or ZUT?
HBNK holds 6 securities, while ZUT holds 13. On holdings count, ZUT is the more diversified portfolio.
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