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Compare TD Canadian Bank Dividend Index ETF (TBNK) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. TBNK and ZEB provide the same top sector exposures: Financials. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.25% for ZEB. Performance-wise, TBNK has returned 28.43% year-to-date with +$49 M in net flows, whereas ZEB is at 28.83% with -$553 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
TBNK
ZEB
| AuM | $374.87 M | $6,325.46 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | -0.65% | -0.62% |
Historical performance and flows
As of June 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +9.48% | +25.45% | +28.43% | +69.83% | +145.23% |
ZEB | +10.76% | +26.60% | +28.83% | +72.07% | +149.94% | |
| Flows | TBNK | +$12 M | +$25 M | +$49 M | +$208 M | +$245 M |
ZEB | +$661 M | +$366 M | -$553 M | -$355 M | -$1,261 M |
TBNK vs ZEB exposure
Countries
TBNK
Canada
99.88%
ZEB
Canada
100.00%
Sectors
TBNK
Financials
99.88%
ZEB
Financials
100.00%
As of June 18, 2026
Top 10 Holdings
TBNK
NATIONAL BANK OF CANADA
29.21%
TORONTO DOMINION
23.66%
ROYAL BK CANADA
18.85%
BANK OF MONTREAL
13.69%
CDN IMPERIAL BK
9.70%
BNS
4.77%
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
TBNK
Total weight of top 10 holdings out of 6 total
99.88%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
TBNK
ZEB
| Provider | TD Asset Management | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Bank Dividend Index NTR - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.28% | 2.35% |
| Meets ESG criteria | No | No |
| Inception Date | April 27, 2023 | October 20, 2009 |
Frequently asked questions about TBNK and ZEB
Which ETF has performed better year to date: TBNK or ZEB?
As of June 18, 2026, TBNK has returned 28.43% year to date, while ZEB has returned 28.83%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or ZEB?
As of June 18, 2026, TBNK manages $374.87 M in assets, while ZEB manages $6.33 B. ZEB is the larger fund by AUM.
How are TBNK and ZEB managed?
TBNK is passively managed by TD Asset Management. It tracks the Solactive Canadian Bank Dividend Index NTR - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do TBNK and ZEB emphasize?
TBNK is most exposed to Financials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: TBNK or ZEB?
Year to date, TBNK has seen +$48.83 M in net flows, compared with -$553.47 M for ZEB. TBNK has attracted more net investor money so far.
How do the fees of TBNK and ZEB compare?
TBNK has an expense ratio of 0.28%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of TBNK and ZEB?
TBNK's largest holdings include NATIONAL BANK OF CANADA, TORONTO DOMINION, and ROYAL BK CANADA. ZEB's top holdings include TORONTO DOMINION, CDN IMPERIAL BK, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: TBNK or ZEB?
TBNK holds 6 securities, while ZEB holds 6. On holdings count, TBNK is the more diversified portfolio.
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