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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: Finance. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.25% for ZEB. Performance-wise, TBNK has returned 31.56% year-to-date with -$31 M in net flows, whereas ZEB is at 33.4% with +$1 B. 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 | $301.91 M | $8,225.78 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | -0.55% | -0.51% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +1.85% | -2.83% | +31.56% | +43.81% | +176.84% |
ZEB | +1.98% | -0.99% | +33.40% | +45.60% | +186.75% | |
| Flows | TBNK | -$2 M | +$6 M | -$31 M | -$18 M | +$162 M |
ZEB | +$403 M | +$1,206 M | +$1,194 M | +$1,949 M | -$27 M |
TBNK vs ZEB exposure
Countries
TBNK
Canada
99.70%
ZEB
Canada
100.00%
Sectors
TBNK
Finance
99.70%
ZEB
Finance
100.00%
As of October 28, 2026
Top 10 Holdings
TBNK
Royal Bank of Canada
28.46%
Canadian Imperial Bank of Commerce
23.66%
National Bank of Canada
18.62%
Bank of Montreal
14.01%
The Toronto-Dominion Bank
9.83%
The Bank of Nova Scotia
5.13%
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
TBNK
Total weight of top 10 holdings out of 6 total
99.70%
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 | 2.24% | 2.30% |
| 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 October 28, 2026, TBNK has returned 31.56% year to date, while ZEB has returned 33.40%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or ZEB?
As of October 28, 2026, TBNK manages $301.91 M in assets, while ZEB manages $8.23 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 Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: TBNK or ZEB?
Year to date, TBNK has seen -$31.27 M in net flows, compared with +$1,194.26 M for ZEB. ZEB 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 Royal Bank of Canada, Canadian Imperial Bank of Commerce, and National Bank of Canada. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal 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.
Recent articles about TBNK and ZEB
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