VS
Compare Hamilton Canadian Bank Mean Reversion Index ETF (HCA) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. HCA and ZEB provide the same top sector exposures: Finance. When evaluating costs, HCA features a management fee (MER) of 0.29%, compared to 0.25% for ZEB. Performance-wise, HCA has returned 31.92% year-to-date with -$4 M in net flows, whereas ZEB is at 29.33% with +$505 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
HCA
ZEB
| AuM | $103.22 M | $7,335.26 M |
| Management Fees | 0.29% | 0.25% |
| Exp. ratio | 0.45% | 0.28% |
| Tracking Difference | -0.88% | -0.54% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HCA | -2.69% | +5.81% | +31.92% | +49.68% | +154.31% |
ZEB | -2.88% | +5.74% | +29.33% | +49.51% | +157.58% | |
| Flows | HCA | -$1 M | -$1 M | -$4 M | -$7 M | -$38 M |
ZEB | +$247 M | +$1,595 M | +$505 M | +$935 M | -$460 M |
HCA vs ZEB exposure
Countries
HCA
Canada
99.71%
ZEB
Canada
100.00%
Sectors
HCA
Finance
99.71%
ZEB
Finance
100.00%
As of September 10, 2026
Top 10 Holdings
HCA
The Bank of Nova Scotia
26.43%
National Bank of Canada
21.45%
Canadian Imperial Bank of Commerce
21.43%
Bank of Montreal
11.93%
Royal Bank of Canada
11.89%
The Toronto-Dominion Bank
6.58%
ZEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
HCA
Total weight of top 10 holdings out of 6 total
99.71%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HCA
ZEB
| Provider | Hamilton ETFs | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Bank Mean Reversion 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 | 2.72% | 2.36% |
| Meets ESG criteria | No | No |
| Inception Date | June 29, 2020 | October 20, 2009 |
Frequently asked questions about HCA and ZEB
Which ETF has performed better year to date: HCA or ZEB?
As of September 10, 2026, HCA has returned 31.92% year to date, while ZEB has returned 29.33%. HCA is ahead on YTD performance.
Which ETF is larger by assets under management: HCA or ZEB?
As of September 10, 2026, HCA manages $103.22 M in assets, while ZEB manages $7.34 B. ZEB is the larger fund by AUM.
How are HCA and ZEB managed?
HCA is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Bank Mean Reversion 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 HCA and ZEB emphasize?
HCA is most exposed to Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: HCA or ZEB?
Year to date, HCA has seen -$3.75 M in net flows, compared with +$504.52 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of HCA and ZEB compare?
HCA has an expense ratio of 0.45%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of HCA and ZEB?
HCA's largest holdings include The Bank of Nova Scotia, National Bank of Canada, and Canadian Imperial Bank of Commerce. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: HCA or ZEB?
HCA holds 6 securities, while ZEB holds 6. On holdings count, HCA is the more diversified portfolio.
Recent articles about HCA and ZEB
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.