VS
When evaluating costs, SHPY features a management fee (MER) of 0.4%, compared to 0.25% for ZEB. Performance-wise, SHPY has returned 22.41% year-to-date with +$8 M in net flows, whereas ZEB is at 32.65% with +$209 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
SHPY
ZEB
| AuM | $12.03 M | $7,263.42 M |
| Management Fees | 0.40% | 0.25% |
| Exp. ratio | 0.40% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SHPY | +15.40% | -3.66% | -22.41% | - | - |
ZEB | +1.98% | +16.51% | +32.65% | +67.24% | +148.29% | |
| Flows | SHPY | -$1 M | +$3 M | +$8 M | - | - |
ZEB | +$972 M | +$1,234 M | +$209 M | +$894 M | -$431 M |
SHPY vs ZEB exposure
Countries
SHPY
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
SHPY
Exposure data will be available soon
ZEB
Finance
100.00%
As of July 20, 2026
Top 10 Holdings
SHPY
Exposure data will be available soon
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
SHPY
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
SHPY
ZEB
| Provider | Purpose 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 | - | 2.29% |
| Meets ESG criteria | No | No |
| Inception Date | August 21, 2025 | October 20, 2009 |
Frequently asked questions about SHPY and ZEB
Which ETF has performed better year to date: SHPY or ZEB?
As of July 20, 2026, SHPY has returned -22.41% year to date, while ZEB has returned 32.65%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: SHPY or ZEB?
As of July 20, 2026, SHPY manages $12.03 M in assets, while ZEB manages $7.26 B. ZEB is the larger fund by AUM.
How are SHPY and ZEB managed?
SHPY is actively managed by Purpose 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.
Which ETF is attracting more investor flows: SHPY or ZEB?
Year to date, SHPY has seen +$7.78 M in net flows, compared with +$209.29 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of SHPY and ZEB compare?
SHPY has an expense ratio of 0.40%, while ZEB has an expense ratio of 0.28%.
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