VS
Compare Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. HEWB and ZEB provide the same top sector exposures: Financials. When evaluating costs, HEWB features a management fee (MER) of 0.28%, compared to 0.25% for ZEB. Performance-wise, HEWB has returned 4.17% year-to-date with +$5 M in net flows, whereas ZEB is at 4.2% with -$723 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
HEWB
ZEB
| AuM | $255.59 M | $5,050.96 M |
| Management Fees | 0.28% | 0.25% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | -0.73% | -0.60% |
Historical performance and flows
As of April 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEWB | +0.87% | +3.05% | +4.17% | +65.45% | +102.30% |
ZEB | +0.88% | +3.08% | +4.20% | +65.52% | +102.53% | |
| Flows | HEWB | +$0 M | +$5 M | +$5 M | -$0 M | -$11 M |
ZEB | +$311 M | -$835 M | -$723 M | -$1,943 M | -$1,208 M |
HEWB vs ZEB exposure
Countries
HEWB
Canada
99.99%
ZEB
Canada
100.00%
Sectors
HEWB
Financials
99.99%
ZEB
Financials
100.00%
As of April 6, 2026
Top 10 Holdings
HEWB
TORONTO DOMINION
17.51%
BNS
17.08%
CDN IMPERIAL BK
17.02%
ROYAL BK CANADA
16.58%
NATIONAL BANK OF CANADA
15.93%
BANK OF MONTREAL
15.87%
ZEB
CDN IMPERIAL BK
17.54%
NATIONAL BANK OF CANADA
17.45%
TORONTO DOMINION
17.23%
BNS
16.23%
BANK OF MONTREAL
15.78%
ROYAL BK CANADA
15.77%
Diversification
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HEWB
ZEB
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2019 | October 20, 2009 |
Frequently asked questions about HEWB and ZEB
Which ETF has performed better year to date: HEWB or ZEB?
As of April 6, 2026, HEWB has returned 4.17% year to date, while ZEB has returned 4.20%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: HEWB or ZEB?
As of April 6, 2026, HEWB manages $255.59 M in assets, while ZEB manages $5.05 B. ZEB is the larger fund by AUM.
How are HEWB and ZEB managed?
HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks 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 HEWB and ZEB emphasize?
HEWB is most exposed to Financials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: HEWB or ZEB?
Year to date, HEWB has seen +$4.56 M in net flows, compared with -$723.44 M for ZEB. HEWB has attracted more net investor money so far.
How do the fees of HEWB and ZEB compare?
HEWB has an expense ratio of 0.28%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of HEWB and ZEB?
HEWB's largest holdings include TORONTO DOMINION, BNS, and CDN IMPERIAL BK. ZEB's top holdings include CDN IMPERIAL BK, NATIONAL BANK OF CANADA, and TORONTO DOMINION.
Which ETF is more diversified: HEWB or ZEB?
HEWB holds 6 securities, while ZEB holds 6. On holdings count, HEWB is the more diversified portfolio.
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