VS
When evaluating costs, HNU features a management fee (MER) of 1.34%, compared to 0.25% for ZEB. Performance-wise, HNU has returned 60.93% year-to-date with +$14 M in net flows, whereas ZEB is at 34.53% with +$1 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
HNU
ZEB
| AuM | $250.53 M | $8,302.36 M |
| Management Fees | 1.34% | 0.25% |
| Exp. ratio | 1.38% | 0.28% |
| Tracking Difference | - | -0.51% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HNU | -21.27% | -17.79% | -60.93% | -63.42% | -96.24% |
ZEB | +3.45% | +3.08% | +34.53% | +48.50% | +189.18% | |
| Flows | HNU | +$130 M | +$66 M | +$14 M | -$20 M | +$186 M |
ZEB | +$411 M | +$1,260 M | +$1,217 M | +$2,007 M | -$4 M |
HNU vs ZEB exposure
Countries
HNU
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
HNU
Exposure data will be available soon
ZEB
Finance
100.00%
As of October 29, 2026
Top 10 Holdings
HNU
Exposure data will be available soon
ZEB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
HNU
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HNU
ZEB
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Horizons Natural Gas Rolling Futures Index - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Commodity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | January 15, 2008 | October 20, 2009 |
Frequently asked questions about HNU and ZEB
Which ETF has performed better year to date: HNU or ZEB?
As of October 29, 2026, HNU has returned -60.93% year to date, while ZEB has returned 34.53%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: HNU or ZEB?
As of October 29, 2026, HNU manages $250.53 M in assets, while ZEB manages $8.30 B. ZEB is the larger fund by AUM.
How are HNU and ZEB managed?
HNU is passively managed by Global X. It tracks the Horizons Natural Gas Rolling Futures Index - USD 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: HNU or ZEB?
Year to date, HNU has seen +$14.20 M in net flows, compared with +$1,217.30 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of HNU and ZEB compare?
HNU has an expense ratio of 1.38%, while ZEB has an expense ratio of 0.28%.
Recent articles about HNU 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.