VS
JPMorgan US Bond Active ETF (JBND) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that JBND focuses its top 3 sector exposures on Sovereign, Finance, and Industrials, while ZEB leans towards Finance. When evaluating costs, JBND features a management fee (MER) of 0.25%, compared to 0.25% for ZEB. Performance-wise, JBND has returned 2.16% year-to-date with +$238 M in net flows, whereas ZEB is at 29.33% with +$505 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
JBND
ZEB
| AuM | $320.14 M | $7,335.26 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.25% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | JBND | -0.94% | -1.41% | -2.16% | - | - |
ZEB | -2.88% | +5.74% | +29.33% | +49.51% | +157.58% | |
| Flows | JBND | -$0 M | +$64 M | +$238 M | - | - |
ZEB | +$247 M | +$1,595 M | +$505 M | +$935 M | -$460 M |
JBND vs ZEB exposure
Countries
JBND
Other
50.51%
USA
44.02%
ZEB
Canada
100.00%
Sectors
JBND
Other
50.51%
Sovereign
32.18%
Finance
8.45%
Other
8.87%
ZEB
Finance
100.00%
As of September 10, 2026
Top 10 Holdings
JBND
USA, Notes 3.625% 31aug2029, USD (AC-2029)
1.63%
USA, Notes 3.875% 15aug2034, USD (E-2034)
1.49%
USA, Notes 4% 15feb2034, USD (B-2034)
1.43%
USA, Notes 1.875% 15feb2032, USD (B-2032)
1.40%
USA, Notes 4.25% 31may2033, USD (L-2033)
1.35%
USA, STRIPS 0% 15feb2036, USD (10957D)
1.16%
USA, Notes 4% 31jul2032, USD (N-2032)
0.92%
USA, Notes 4.125% 29feb2032, USD (H-2032)
0.92%
USA, STRIPS 0% 15feb2040, USD (10961D)
0.90%
USA, STRIPS 0% 15aug2037, USD (10774D)
0.86%
ZEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
JBND
Total weight of top 10 holdings out of 1,691 total
12.06%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
JBND
ZEB
| Provider | J.P. Morgan Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.36% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2025 | October 20, 2009 |
Frequently asked questions about JBND and ZEB
Which ETF has performed better year to date: JBND or ZEB?
As of September 10, 2026, JBND has returned -2.16% year to date, while ZEB has returned 29.33%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: JBND or ZEB?
As of September 10, 2026, JBND manages $320.14 M in assets, while ZEB manages $7.34 B. ZEB is the larger fund by AUM.
How are JBND and ZEB managed?
JBND is actively managed by J.P. Morgan Asset Management. 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 JBND and ZEB emphasize?
JBND is most exposed to Sovereign, Finance, and Industrials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: JBND or ZEB?
Year to date, JBND has seen +$238.01 M in net flows, compared with +$504.52 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of JBND and ZEB compare?
JBND has an expense ratio of 0.25%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of JBND and ZEB?
JBND's largest holdings include USA, Notes 3.625% 31aug2029, USD (AC-2029) and USA, Notes 3.875% 15aug2034, USD (E-2034). ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: JBND or ZEB?
JBND holds 601 securities, while ZEB holds 6. On holdings count, JBND is the more diversified portfolio.
Recent articles about JBND and ZEB
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