When evaluating costs, NHYB features a management fee (MER) of 0.69%, compared to 0.65% for ZPW. Performance-wise, NHYB has returned 2.19% year-to-date with +$179 M in net flows, whereas ZPW is at 7.68% with +$19 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
NHYB
ZPW
| AuM | $1,525.77 M | $106.91 M |
| Management Fees | 0.69% | 0.65% |
| Exp. ratio | 0.68% | 0.71% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NHYB | -0.44% | -1.04% | -2.19% | -2.34% | +3.63% |
ZPW | -0.83% | +5.13% | +7.68% | +12.95% | +35.71% | |
| Flows | NHYB | +$48 M | +$88 M | +$179 M | +$264 M | +$426 M |
ZPW | +$2 M | +$0 M | +$19 M | +$29 M | +$43 M |
NHYB vs ZPW exposure
Countries
NHYB
Other
100.00%
ZPW
Other
100.00%
Sectors
NHYB
Other
100.00%
ZPW
Other
100.00%
As of September 2, 2026
Top 10 Holdings
NHYB
US698ESCAA82
80.00%
ZPW
CA05581B1013
96.40%
Diversification
NHYB
Total weight of top 10 holdings out of 1 total
80.00%
ZPW
Total weight of top 10 holdings out of 1 total
96.40%
Characteristics
Compare
NHYB
ZPW
| Provider | National Bank Investments | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 9.46% |
| Meets ESG criteria | No | No |
| Inception Date | March 4, 2020 | September 2, 2015 |
Frequently asked questions about NHYB and ZPW
Which ETF has performed better year to date: NHYB or ZPW?
As of September 2, 2026, NHYB has returned -2.19% year to date, while ZPW has returned 7.68%. ZPW is ahead on YTD performance.
Which ETF is larger by assets under management: NHYB or ZPW?
As of September 2, 2026, NHYB manages $1.53 B in assets, while ZPW manages $106.91 M. NHYB is the larger fund by AUM.
How are NHYB and ZPW managed?
NHYB is actively managed by National Bank Investments. It does not track an index. ZPW is actively managed by BMO. It does not track an index.
Which ETF is attracting more investor flows: NHYB or ZPW?
Year to date, NHYB has seen +$178.57 M in net flows, compared with +$18.81 M for ZPW. NHYB has attracted more net investor money so far.
How do the fees of NHYB and ZPW compare?
NHYB has an expense ratio of 0.68%, while ZPW has an expense ratio of 0.71%.
Which ETF is more diversified: NHYB or ZPW?
NHYB holds 1 securities, while ZPW holds 1. On holdings count, NHYB is the more diversified portfolio.
Recent articles about NHYB and ZPW
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.