VS
Vanguard Growth ETF Portfolio (VGRO) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGRO focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while ZEB leans towards Financials. When evaluating costs, VGRO features a management fee (MER) of 0.22%, compared to 0.25% for ZEB. Performance-wise, VGRO has returned 4.97% year-to-date with +$752 M in net flows, whereas ZEB is at 12.97% with -$1,137 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
VGRO
ZEB
| AuM | $9,568.65 M | $5,039.82 M |
| Management Fees | 0.22% | 0.25% |
| Exp. ratio | 0.24% | 0.28% |
| Tracking Difference | - | -0.67% |
Historical performance and flows
As of May 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VGRO | +3.33% | +2.85% | +4.97% | +23.86% | +62.40% |
ZEB | +8.42% | +10.67% | +12.97% | +62.72% | +121.74% | |
| Flows | VGRO | +$145 M | +$499 M | +$752 M | +$1,478 M | +$3,082 M |
ZEB | -$425 M | -$1,111 M | -$1,137 M | -$1,792 M | -$1,674 M |
VGRO vs ZEB exposure
Countries
VGRO
USA
37.67%
Canada
36.64%
Other
25.69%
ZEB
Canada
100.00%
Sectors
VGRO
Information Technology
15.70%
Financials
15.07%
Other
10.99%
Industrials
7.93%
Other
50.30%
ZEB
Financials
100.00%
As of May 4, 2026
Top 10 Holdings
VGRO
NVIDIA
2.25%
APPLE
2.08%
ROYAL BK CANADA
1.71%
MICROSOFT-T
1.53%
TORONTO DOMINION
1.19%
AMAZON.COM INC
1.12%
SHOPIFY SUBORDINATE VOTING
1.10%
ALPHABET INC-CL
0.93%
ENBRIDGE
0.89%
BROADCOM LIMITED
0.82%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
VGRO
Total weight of top 10 holdings out of 33,350 total
13.63%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
VGRO
ZEB
| Provider | Vanguard | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.80% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2018 | October 20, 2009 |
Frequently asked questions about VGRO and ZEB
Which ETF has performed better year to date: VGRO or ZEB?
As of May 4, 2026, VGRO has returned 4.97% year to date, while ZEB has returned 12.97%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: VGRO or ZEB?
As of May 4, 2026, VGRO manages $9.57 B in assets, while ZEB manages $5.04 B. VGRO is the larger fund by AUM.
How are VGRO and ZEB managed?
VGRO is actively managed by Vanguard. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do VGRO and ZEB emphasize?
VGRO is most exposed to Information Technology, Financials, and Industrials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: VGRO or ZEB?
Year to date, VGRO has seen +$751.84 M in net flows, compared with -$1,136.86 M for ZEB. VGRO has attracted more net investor money so far.
How do the fees of VGRO and ZEB compare?
VGRO has an expense ratio of 0.24%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of VGRO and ZEB?
VGRO's largest holdings include NVIDIA and APPLE. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: VGRO or ZEB?
VGRO holds 24906 securities, while ZEB holds 6. On holdings count, VGRO is the more diversified portfolio.
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