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Compare Invesco S&P International Developed ESG Index ETF (IICE) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. IICE provides Finance, Industrials, and Technology exposures, while ZEB is primarily weighted in Finance. When evaluating costs, IICE features a management fee (MER) of 0.25%, compared to 0.25% for ZEB. Performance-wise, IICE has returned 11.93% year-to-date with +$3 M in net flows, whereas ZEB is at 35.79% with +$267 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
IICE
ZEB
| AuM | $17.69 M | $7,493.90 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | 0.29% | -0.65% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | IICE | -0.82% | +2.80% | +11.93% | +24.94% | +64.54% |
ZEB | +6.04% | +19.90% | +35.79% | +71.33% | +157.89% | |
| Flows | IICE | +$0 M | +$0 M | +$3 M | -$84 M | -$29 M |
ZEB | +$1,233 M | +$1,278 M | +$267 M | +$768 M | -$484 M |
IICE vs ZEB exposure
Countries
IICE
Other
44.39%
Japan
15.86%
United Kingdom
7.39%
Other
32.36%
ZEB
Canada
100.00%
Sectors
IICE
Other
44.39%
Finance
14.39%
Industrials
8.20%
Technology
8.13%
Other
24.89%
ZEB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
IICE
CASHJPY00000
43.92%
ASML Holding NV
2.04%
HSBC Holdings Plc
1.04%
Roche Holding AG
0.96%
Novartis AG
0.94%
AstraZeneca PLC
0.93%
Nestlé SA
0.85%
Shell Plc
0.78%
Siemens AG
0.76%
Toyota Motor Corp.
0.73%
ZEB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
IICE
Total weight of top 10 holdings out of 565 total
52.95%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
IICE
ZEB
| Provider | Invesco | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Developed Ex-North America & Korea LargeMidCap Scored & Screened Index NTR - 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 | 12.76% | 2.23% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 12, 2022 | October 20, 2009 |
Frequently asked questions about IICE and ZEB
Which ETF has performed better year to date: IICE or ZEB?
As of July 17, 2026, IICE has returned 11.93% year to date, while ZEB has returned 35.79%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: IICE or ZEB?
As of July 17, 2026, IICE manages $17.69 M in assets, while ZEB manages $7.49 B. ZEB is the larger fund by AUM.
How are IICE and ZEB managed?
IICE is passively managed by Invesco. It tracks the S&P Developed Ex-North America & Korea LargeMidCap Scored & Screened Index NTR - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do IICE and ZEB emphasize?
IICE is most exposed to Finance, Industrials, and Technology. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: IICE or ZEB?
Year to date, IICE has seen +$2.54 M in net flows, compared with +$266.52 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of IICE and ZEB compare?
IICE has an expense ratio of 0.28%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of IICE and ZEB?
IICE's largest holdings include ASML Holding NV and HSBC Holdings Plc. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: IICE or ZEB?
IICE holds 550 securities, while ZEB holds 6. On holdings count, IICE is the more diversified portfolio.
Recent articles about IICE and ZEB
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