VS
Hamilton US Mid-Cap Financials ETF - CAD (HUM) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HUM focuses its top 3 sector exposures on Finance and Business Services, while ZEB leans towards Finance. When evaluating costs, HUM features a management fee (MER) of 0.9%, compared to 0.25% for ZEB. Performance-wise, HUM has returned 2.93% year-to-date with -$8 M in net flows, whereas ZEB is at 31.52% with +$192 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
HUM
ZEB
| AuM | $21.10 M | $7,117.24 M |
| Management Fees | 0.90% | 0.25% |
| Exp. ratio | 0.90% | 0.28% |
| Tracking Difference | - | -0.51% |
Historical performance and flows
As of October 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HUM | +0.09% | -2.38% | +2.93% | +7.58% | +73.55% |
ZEB | -1.45% | -1.32% | +31.52% | +46.58% | +182.76% | |
| Flows | HUM | +$0 M | -$1 M | -$8 M | -$11 M | -$11 M |
ZEB | -$406 M | -$17 M | +$192 M | +$862 M | -$809 M |
HUM vs ZEB exposure
Countries
HUM
USA
92.93%
Other
7.07%
ZEB
Canada
100.00%
Sectors
HUM
Finance
97.34%
ZEB
Finance
100.00%
As of October 21, 2026
Top 10 Holdings
HUM
LPL Financial Holdings, Inc.
3.60%
Pinnacle Financial Partners, Inc.
3.36%
SouthState Bank Corp.
3.11%
UMB Financial Corp.
3.06%
Palomar Holdings, Inc.
3.03%
Ryan Specialty Holdings, Inc.
3.01%
Old National Bancorp
2.75%
TPG, Inc.
2.51%
Broadridge Financial Solutions, Inc.
2.46%
Houlihan Lokey, Inc.
2.44%
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
HUM
Total weight of top 10 holdings out of 62 total
29.32%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HUM
ZEB
| Provider | Hamilton ETFs | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.30% | 2.33% |
| Meets ESG criteria | No | No |
| Inception Date | June 29, 2020 | October 20, 2009 |
Frequently asked questions about HUM and ZEB
Which ETF has performed better year to date: HUM or ZEB?
As of October 21, 2026, HUM has returned 2.93% year to date, while ZEB has returned 31.52%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: HUM or ZEB?
As of October 21, 2026, HUM manages $21.10 M in assets, while ZEB manages $7.12 B. ZEB is the larger fund by AUM.
How are HUM and ZEB managed?
HUM is actively managed by Hamilton ETFs. 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 HUM and ZEB emphasize?
HUM is most exposed to Finance and Business Services. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: HUM or ZEB?
Year to date, HUM has seen -$8.27 M in net flows, compared with +$192.04 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of HUM and ZEB compare?
HUM has an expense ratio of 0.90%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of HUM and ZEB?
HUM's largest holdings include LPL Financial Holdings, Inc., Pinnacle Financial Partners, Inc., and SouthState Bank Corp.. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: HUM or ZEB?
HUM holds 62 securities, while ZEB holds 6. On holdings count, HUM is the more diversified portfolio.
Recent articles about HUM 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.