VS
When evaluating costs, HCAL features a management fee (MER) of 0.65%, compared to 0.25% for ZEB. Performance-wise, HCAL has returned 36.81% year-to-date with +$8 M in net flows, whereas ZEB is at 29.42% with -$762 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
HCAL
ZEB
| AuM | $1,065.24 M | $6,145.67 M |
| Management Fees | 0.65% | 0.25% |
| Exp. ratio | 2.08% | 0.28% |
| Tracking Difference | - | -0.62% |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HCAL | +14.00% | +36.30% | +36.81% | +94.59% | +197.51% |
ZEB | +11.27% | +28.71% | +29.42% | +72.95% | +151.09% | |
| Flows | HCAL | +$3 M | +$10 M | +$8 M | +$3 M | -$3 M |
ZEB | +$452 M | +$231 M | -$762 M | -$577 M | -$1,470 M |
HCAL vs ZEB exposure
Countries
HCAL
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
HCAL
Exposure data will be available soon
ZEB
Financials
100.00%
As of June 19, 2026
Top 10 Holdings
HCAL
Exposure data will be available soon
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
HCAL
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HCAL
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 | 3.15% | 2.34% |
| Meets ESG criteria | No | No |
| Inception Date | October 14, 2020 | October 20, 2009 |
Frequently asked questions about HCAL and ZEB
Which ETF has performed better year to date: HCAL or ZEB?
As of June 19, 2026, HCAL has returned 36.81% year to date, while ZEB has returned 29.42%. HCAL is ahead on YTD performance.
Which ETF is larger by assets under management: HCAL or ZEB?
As of June 19, 2026, HCAL manages $1.07 B in assets, while ZEB manages $6.15 B. ZEB is the larger fund by AUM.
How are HCAL and ZEB managed?
HCAL 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.
Which ETF is attracting more investor flows: HCAL or ZEB?
Year to date, HCAL has seen +$8.23 M in net flows, compared with -$762.34 M for ZEB. HCAL has attracted more net investor money so far.
How do the fees of HCAL and ZEB compare?
HCAL has an expense ratio of 2.08%, while ZEB has an expense ratio of 0.28%.
Recent articles about HCAL and ZEB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
How Inverse and Leveraged ETFs Work: Use Cases, Risks and ETFs to Consider
Short-term traders can use Inverse and Leveraged ETFs strategically, but these complex instruments require careful handling. Let's explore how they work and share some examples you can consider.
Posted on 7/3/2024 by Kyle Anthony inAsset classes
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.