VS
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 Finance exposures, while ZUT is primarily weighted in Utilities, Energy, and Industrials. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.55% for ZUT. Performance-wise, HBNK has returned 28.51% year-to-date with -$481 M in net flows, whereas ZUT is at 13.96% with -$57 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 | $740.17 M | $858.45 M |
| Management Fees | 0.09% | 0.55% |
| Exp. ratio | 0.10% | 0.61% |
| Tracking Difference | -0.32% | -0.73% |
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% |
ZUT | +1.01% | -5.23% | +13.96% | +13.09% | +70.09% | |
| Flows | HBNK | +$29 M | -$34 M | -$481 M | -$604 M | -$114 M |
ZUT | +$36 M | +$79 M | -$57 M | -$37 M | +$265 M |
HBNK vs ZUT exposure
Countries
HBNK
Canada
99.74%
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
HBNK
Finance
99.74%
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
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%
ZUT
AltaGas Ltd.
9.30%
ATCO Ltd.
9.15%
Canadian Utilities Ltd.
8.78%
Brookfield Renewable Partners LP
8.73%
Capital Power Corp.
8.69%
Brookfield Infrastructure Partners LP
8.44%
Northland Power, Inc.
8.00%
TransAlta Corp.
7.98%
Emera, Inc.
7.97%
Fortis, Inc.
7.90%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
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 | 2.70% | 2.91% |
| 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 October 2, 2026, HBNK has returned 28.51% year to date, while ZUT has returned 13.96%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or ZUT?
As of October 2, 2026, HBNK manages $740.17 M in assets, while ZUT manages $858.45 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 Finance. ZUT is most exposed to Utilities, Energy, and Industrials.
Which ETF is attracting more investor flows: HBNK or ZUT?
Year to date, HBNK has seen -$481.39 M in net flows, compared with -$57.14 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 The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada. ZUT's top holdings include AltaGas Ltd., ATCO Ltd., and Canadian Utilities Ltd..
Which ETF is more diversified: HBNK or ZUT?
HBNK holds 6 securities, while ZUT holds 12. On holdings count, ZUT is the more diversified portfolio.
Recent articles about HBNK and ZUT
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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.