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Compare Global X Inovestor Canadian Equity Index ETF (INOC) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. INOC provides Finance, Non-Energy Materials, and Industrials exposures, while ZEB is primarily weighted in Finance. When evaluating costs, INOC features a management fee (MER) of 0.75%, compared to 0.25% for ZEB. Performance-wise, INOC has returned 13.58% 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
INOC
ZEB
| AuM | $33.15 M | $7,493.90 M |
| Management Fees | 0.75% | 0.25% |
| Exp. ratio | 0.76% | 0.28% |
| Tracking Difference | -1.04% | -0.65% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | INOC | +1.99% | +6.00% | +13.58% | +21.63% | +59.12% |
ZEB | +6.04% | +19.90% | +35.79% | +71.33% | +157.89% | |
| Flows | INOC | -$0 M | -$2 M | -$3 M | -$5 M | -$7 M |
ZEB | +$1,233 M | +$1,278 M | +$267 M | +$768 M | -$484 M |
INOC vs ZEB exposure
Countries
INOC
Canada
92.04%
Other
7.96%
ZEB
Canada
100.00%
Sectors
INOC
Finance
19.10%
Non-Energy Materials
14.52%
Industrials
13.66%
Energy
13.37%
Consumer Non-Cyclicals
11.38%
Technology
7.81%
Other
20.16%
ZEB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
INOC
Hammond Power Solutions, Inc.
5.59%
ARC Resources Ltd.
4.92%
Extendicare, Inc.
4.35%
AltaGas Ltd.
4.28%
The Toronto-Dominion Bank
4.27%
Constellation Software, Inc.
4.21%
Canadian National Railway Co.
4.21%
Canadian Natural Resources Ltd.
4.17%
Intact Financial Corp.
4.06%
CCL Industries, Inc.
3.99%
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
INOC
Total weight of top 10 holdings out of 24 total
44.05%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
INOC
ZEB
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Nasdaq Inovestor Canada Net Total Return 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 | 1.00% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | November 13, 2017 | October 20, 2009 |
Frequently asked questions about INOC and ZEB
Which ETF has performed better year to date: INOC or ZEB?
As of July 17, 2026, INOC has returned 13.58% year to date, while ZEB has returned 35.79%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: INOC or ZEB?
As of July 17, 2026, INOC manages $33.15 M in assets, while ZEB manages $7.49 B. ZEB is the larger fund by AUM.
How are INOC and ZEB managed?
INOC is passively managed by Global X. It tracks the Nasdaq Inovestor Canada Net Total Return Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do INOC and ZEB emphasize?
INOC is most exposed to Finance, Non-Energy Materials, and Industrials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: INOC or ZEB?
Year to date, INOC has seen -$3.22 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 INOC and ZEB compare?
INOC has an expense ratio of 0.76%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of INOC and ZEB?
INOC's largest holdings include Hammond Power Solutions, Inc., ARC Resources Ltd., and Extendicare, Inc.. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: INOC or ZEB?
INOC holds 24 securities, while ZEB holds 6. On holdings count, INOC is the more diversified portfolio.
Recent articles about INOC and ZEB
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