VS
Vanguard S&P 500 Index ETF (VFV) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VFV focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while ZEB leans towards Finance. When evaluating costs, VFV features a management fee (MER) of 0.08%, compared to 0.25% for ZEB. Performance-wise, VFV has returned 14.39% year-to-date with +$4 B in net flows, whereas ZEB is at 32.36% with +$425 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
VFV
ZEB
| AuM | $35,344.51 M | $7,427.67 M |
| Management Fees | 0.08% | 0.25% |
| Exp. ratio | 0.09% | 0.28% |
| Tracking Difference | 0.10% | -0.54% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VFV | -1.75% | +1.94% | +14.39% | +21.16% | +80.58% |
ZEB | -0.32% | +11.06% | +32.36% | +55.47% | +161.28% | |
| Flows | VFV | +$424 M | +$1,688 M | +$3,672 M | +$4,843 M | +$14,788 M |
ZEB | +$377 M | +$1,600 M | +$425 M | +$761 M | -$338 M |
VFV vs ZEB exposure
Countries
VFV
USA
96.38%
ZEB
Canada
100.00%
Sectors
VFV
Technology
44.70%
Finance
13.84%
Consumer Non-Cyclicals
9.41%
Healthcare
8.88%
Industrials
7.61%
Other
15.57%
ZEB
Finance
100.00%
As of September 3, 2026
Top 10 Holdings
VFV
NVIDIA Corp.
7.55%
Apple, Inc.
7.04%
Microsoft Corp.
5.36%
Amazon.com, Inc.
4.13%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.62%
Meta Platforms, Inc.
1.90%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway, Inc.
1.46%
ZEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
VFV
Total weight of top 10 holdings out of 503 total
37.60%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
VFV
ZEB
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.83% | 2.31% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | October 20, 2009 |
Frequently asked questions about VFV and ZEB
Which ETF has performed better year to date: VFV or ZEB?
As of September 3, 2026, VFV has returned 14.39% year to date, while ZEB has returned 32.36%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: VFV or ZEB?
As of September 3, 2026, VFV manages $35.34 B in assets, while ZEB manages $7.43 B. VFV is the larger fund by AUM.
How are VFV and ZEB managed?
VFV is passively managed by Vanguard. It tracks the S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do VFV and ZEB emphasize?
VFV is most exposed to Technology, Finance, and Consumer Non-Cyclicals. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: VFV or ZEB?
Year to date, VFV has seen +$3,672.01 M in net flows, compared with +$425.30 M for ZEB. VFV has attracted more net investor money so far.
How do the fees of VFV and ZEB compare?
VFV has an expense ratio of 0.09%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of VFV and ZEB?
VFV's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: VFV or ZEB?
VFV holds 495 securities, while ZEB holds 6. On holdings count, VFV is the more diversified portfolio.
Recent articles about VFV and ZEB
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