VS
When evaluating costs, NBIV features a management fee (MER) of 0.6%, compared to 0.25% for ZEB. 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
NBIV
ZEB
| AuM | $1.05 M | $6,981.05 M |
| Management Fees | 0.60% | 0.25% |
| Exp. ratio | 0.60% | 0.28% |
| Tracking Difference | - | -0.51% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NBIV | -2.24% | +0.61% | - | - | - |
ZEB | -3.03% | -2.44% | +29.41% | +44.28% | +178.22% | |
| Flows | NBIV | +$0 M | +$0 M | - | - | - |
ZEB | -$429 M | -$97 M | +$169 M | +$869 M | -$819 M |
NBIV vs ZEB exposure
Countries
NBIV
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
NBIV
Exposure data will be available soon
ZEB
Finance
100.00%
As of October 20, 2026
Top 10 Holdings
NBIV
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
NBIV
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
NBIV
ZEB
| Provider | National Bank Investments | 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 | - | 2.37% |
| Meets ESG criteria | No | No |
| Inception Date | May 12, 2026 | October 20, 2009 |
Frequently asked questions about NBIV and ZEB
Which ETF is larger by assets under management: NBIV or ZEB?
As of October 20, 2026, NBIV manages $1.05 M in assets, while ZEB manages $6.98 B. ZEB is the larger fund by AUM.
How are NBIV and ZEB managed?
NBIV is actively managed by National Bank Investments. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
How do the fees of NBIV and ZEB compare?
NBIV has an expense ratio of 0.60%, while ZEB has an expense ratio of 0.28%.
Recent articles about NBIV and ZEB
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.