VS
Global X Growth Asset Allocation ETF (HGRW) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HGRW focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while ZEB leans towards Finance. When evaluating costs, HGRW features a management fee (MER) of 0.18%, compared to 0.25% for ZEB. Performance-wise, HGRW has returned 11.97% year-to-date with +$2 M in net flows, whereas ZEB is at 33.28% with +$186 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
HGRW
ZEB
| AuM | $37.46 M | $7,274.65 M |
| Management Fees | 0.18% | 0.25% |
| Exp. ratio | 0.20% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HGRW | -0.85% | +7.09% | +11.97% | +22.41% | - |
ZEB | +2.46% | +18.34% | +33.28% | +68.03% | +148.95% | |
| Flows | HGRW | +$0 M | +$0 M | +$2 M | +$0 M | - |
ZEB | +$949 M | +$1,224 M | +$186 M | +$871 M | -$394 M |
HGRW vs ZEB exposure
Countries
HGRW
Other
49.71%
USA
33.36%
Canada
16.00%
ZEB
Canada
100.00%
Sectors
HGRW
Other
49.71%
Technology
17.94%
Finance
11.60%
Other
20.75%
ZEB
Finance
100.00%
As of July 21, 2026
Top 10 Holdings
HGRW
CA37962B1031
19.65%
CA37963J1057
12.39%
CA37961X1069
7.34%
CA37963U1003
5.05%
CA37965A1021
3.93%
NVIDIA Corp.
2.59%
Apple, Inc.
2.27%
Royal Bank of Canada
1.68%
Microsoft Corp.
1.48%
Amazon.com, Inc.
1.27%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
HGRW
Total weight of top 10 holdings out of 581 total
57.65%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HGRW
ZEB
| Provider | Global X | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.90% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2023 | October 20, 2009 |
Frequently asked questions about HGRW and ZEB
Which ETF has performed better year to date: HGRW or ZEB?
As of July 21, 2026, HGRW has returned 11.97% year to date, while ZEB has returned 33.28%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: HGRW or ZEB?
As of July 21, 2026, HGRW manages $37.46 M in assets, while ZEB manages $7.27 B. ZEB is the larger fund by AUM.
How are HGRW and ZEB managed?
HGRW is actively managed by Global X. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HGRW and ZEB emphasize?
HGRW is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: HGRW or ZEB?
Year to date, HGRW has seen +$1.73 M in net flows, compared with +$186.29 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of HGRW and ZEB compare?
HGRW has an expense ratio of 0.20%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of HGRW and ZEB?
HGRW's largest holdings include NVIDIA Corp. and Apple, Inc.. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: HGRW or ZEB?
HGRW holds 567 securities, while ZEB holds 6. On holdings count, HGRW is the more diversified portfolio.
Recent articles about HGRW 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
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.