VS
Vanguard Global Aggregate Bond Index ETF (VGAB) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGAB focuses its top 3 sector exposures on Sovereign, Banks, and Other sectors, while ZEB leans towards Financials. When evaluating costs, VGAB features a management fee (MER) of 0.34%, compared to 0.25% for ZEB. Performance-wise, VGAB has returned 0.13% year-to-date with +$81 M in net flows, whereas ZEB is at 25.65% with -$1,022 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
VGAB
ZEB
| AuM | $606.82 M | $5,709.54 M |
| Management Fees | 0.34% | 0.25% |
| Exp. ratio | 0.33% | 0.28% |
| Tracking Difference | -1.08% | -0.62% |
Historical performance and flows
As of June 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VGAB | +1.24% | -0.03% | -0.13% | +1.37% | +8.13% |
ZEB | +8.57% | +22.81% | +25.65% | +68.23% | +143.56% | |
| Flows | VGAB | +$15 M | +$54 M | +$81 M | +$443 M | +$510 M |
ZEB | +$123 M | -$75 M | -$1,022 M | -$874 M | -$1,798 M |
VGAB vs ZEB exposure
Countries
VGAB
USA
48.19%
Other
51.81%
ZEB
Canada
100.00%
Sectors
VGAB
Sovereign
44.05%
Other
27.33%
Banks
7.80%
Other
20.82%
ZEB
Financials
100.00%
As of June 15, 2026
Top 10 Holdings
VGAB
DE000F2Y2E04
0.51%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.24%
US91282CPZ85
0.24%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.21%
US91282CPL99
0.21%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.21%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.21%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.21%
USA, Notes 4% 15feb2034, USD (B-2034)
0.20%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.20%
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
VGAB
Total weight of top 10 holdings out of 22,151 total
2.42%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
VGAB
ZEB
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Float Adjusted Composite GTR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.59% | 2.41% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2020 | October 20, 2009 |
Frequently asked questions about VGAB and ZEB
Which ETF has performed better year to date: VGAB or ZEB?
As of June 15, 2026, VGAB has returned -0.13% year to date, while ZEB has returned 25.65%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: VGAB or ZEB?
As of June 15, 2026, VGAB manages $606.82 M in assets, while ZEB manages $5.71 B. ZEB is the larger fund by AUM.
How are VGAB and ZEB managed?
VGAB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Float Adjusted Composite GTR Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do VGAB and ZEB emphasize?
VGAB is most exposed to Sovereign, Banks, and Other sectors. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: VGAB or ZEB?
Year to date, VGAB has seen +$81.38 M in net flows, compared with -$1,021.52 M for ZEB. VGAB has attracted more net investor money so far.
How do the fees of VGAB and ZEB compare?
VGAB has an expense ratio of 0.33%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of VGAB and ZEB?
VGAB's largest holdings include USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.375% 15may2034, USD (C-2034). ZEB's top holdings include TORONTO DOMINION, CDN IMPERIAL BK, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: VGAB or ZEB?
VGAB holds 13848 securities, while ZEB holds 6. On holdings count, VGAB is the more diversified portfolio.
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