VS
NBI U.S. Equity Index Fund - ETF Series (NBUX) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that NBUX focuses its top 3 sector exposures on Information Technology, Communication Services, and Financials, while ZEB leans towards Financials. When evaluating costs, NBUX features a management fee (MER) of 0.05%, 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
NBUX
ZEB
| AuM | $1.02 M | $5,086.20 M |
| Management Fees | 0.05% | 0.25% |
| Exp. ratio | 0.05% | 0.28% |
| Tracking Difference | - | -0.67% |
Historical performance and flows
As of May 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NBUX | - | - | - | - | - |
ZEB | +3.41% | +12.18% | +15.74% | +60.00% | +120.62% | |
| Flows | NBUX | - | - | - | - | - |
ZEB | -$436 M | -$670 M | -$1,214 M | -$1,461 M | -$1,626 M |
NBUX vs ZEB exposure
Countries
NBUX
USA
96.78%
ZEB
Canada
100.00%
Sectors
NBUX
Information Technology
33.67%
Communication Services
10.33%
Financials
10.22%
Consumer Discretionary
10.01%
Health Care
9.38%
Industrials
8.46%
Other
17.94%
ZEB
Financials
100.00%
As of May 15, 2026
Top 10 Holdings
NBUX
NVIDIA
7.18%
APPLE
6.54%
MICROSOFT-T
4.83%
AMAZON.COM INC
3.59%
ALPHABET INC-CL
2.94%
ALPHABET INC-CL
2.55%
BROADCOM LIMITED
2.53%
META PLATFORMS
2.20%
TESLA
1.84%
BERKSHIRE HATHWAY
1.55%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
NBUX
Total weight of top 10 holdings out of 536 total
35.75%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
NBUX
ZEB
| Provider | National Bank Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar US Large-Mid Cap Index PR - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.61% |
| Meets ESG criteria | No | No |
| Inception Date | May 12, 2026 | October 20, 2009 |
Frequently asked questions about NBUX and ZEB
Which ETF is larger by assets under management: NBUX or ZEB?
As of May 15, 2026, NBUX manages $1.02 M in assets, while ZEB manages $5.09 B. ZEB is the larger fund by AUM.
How are NBUX and ZEB managed?
NBUX is passively managed by National Bank Investments. It tracks the Morningstar US Large-Mid Cap Index PR - USD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do NBUX and ZEB emphasize?
NBUX is most exposed to Information Technology, Communication Services, and Financials. ZEB is most exposed to Financials.
How do the fees of NBUX and ZEB compare?
NBUX has an expense ratio of 0.05%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of NBUX and ZEB?
NBUX's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: NBUX or ZEB?
NBUX holds 497 securities, while ZEB holds 6. On holdings count, NBUX is the more diversified portfolio.
Recent articles about NBUX and ZEB
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