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Compare HAMILTON CHAMPIONS Canadian Financials Index ETF (HFN) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. HFN and ZEB provide the same top sector exposures: Finance. When evaluating costs, HFN features a management fee (MER) of 0.19%, compared to 0.25% for ZEB. Performance-wise, HFN has returned 25.26% year-to-date with +$192 M in net flows, whereas ZEB is at 35.06% with +$2 B. 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
HFN
ZEB
| AuM | $408.89 M | $8,886.66 M |
| Management Fees | 0.19% | 0.25% |
| Exp. ratio | 0.04% | 0.28% |
| Tracking Difference | -0.47% | -0.53% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HFN | +6.30% | +2.17% | +25.26% | +35.02% | - |
ZEB | +5.35% | +1.63% | +35.06% | +45.99% | +177.40% | |
| Flows | HFN | +$18 M | +$44 M | +$192 M | +$220 M | - |
ZEB | +$1,672 M | +$1,514 M | +$1,768 M | +$2,157 M | +$969 M |
HFN vs ZEB exposure
Countries
HFN
Canada
99.71%
ZEB
Canada
100.00%
Sectors
HFN
Finance
99.71%
ZEB
Finance
100.00%
As of November 11, 2026
Top 10 Holdings
HFN
Great-West Lifeco, Inc.
9.46%
The Bank of Nova Scotia
9.45%
Bank of Montreal
8.87%
The Toronto-Dominion Bank
8.85%
Royal Bank of Canada
8.82%
Manulife Financial Corp.
8.76%
Sun Life Financial, Inc.
8.71%
Canadian Imperial Bank of Commerce
8.09%
National Bank of Canada
7.72%
Intact Financial Corp.
7.24%
ZEB
The Bank of Nova Scotia
17.14%
The Toronto-Dominion Bank
16.99%
Bank of Montreal
16.79%
Canadian Imperial Bank of Commerce
16.49%
Royal Bank of Canada
16.45%
National Bank of Canada
16.14%
Diversification
HFN
Total weight of top 10 holdings out of 12 total
85.97%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HFN
ZEB
| Provider | Hamilton ETFs | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Financials Equal-Weight TR 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 | 2.42% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2025 | October 20, 2009 |
Frequently asked questions about HFN and ZEB
Which ETF has performed better year to date: HFN or ZEB?
As of November 11, 2026, HFN has returned 25.26% year to date, while ZEB has returned 35.06%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: HFN or ZEB?
As of November 11, 2026, HFN manages $408.89 M in assets, while ZEB manages $8.89 B. ZEB is the larger fund by AUM.
How are HFN and ZEB managed?
HFN is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Financials Equal-Weight TR Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HFN and ZEB emphasize?
HFN is most exposed to Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: HFN or ZEB?
Year to date, HFN has seen +$192.06 M in net flows, compared with +$1,768.05 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of HFN and ZEB compare?
HFN has an expense ratio of 0.04%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of HFN and ZEB?
HFN's largest holdings include Great-West Lifeco, Inc., The Bank of Nova Scotia, and Bank of Montreal. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: HFN or ZEB?
HFN holds 12 securities, while ZEB holds 6. On holdings count, HFN is the more diversified portfolio.
Recent articles about HFN and ZEB
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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.