VS
When evaluating costs, VVL features a management fee (MER) of 0.35%, compared to 0.25% for ZEB. Performance-wise, VVL has returned 20.32% year-to-date with +$142 M in net flows, whereas ZEB is at 32.77% with +$48 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
VVL
ZEB
| AuM | $855.90 M | $7,095.48 M |
| Management Fees | 0.35% | 0.25% |
| Exp. ratio | 0.38% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VVL | +3.28% | +11.39% | +20.32% | +38.22% | +81.00% |
ZEB | +1.95% | +15.98% | +32.77% | +68.32% | +146.77% | |
| Flows | VVL | +$15 M | +$39 M | +$142 M | +$206 M | +$270 M |
ZEB | +$364 M | +$1,061 M | +$48 M | +$292 M | -$759 M |
VVL vs ZEB exposure
Countries
VVL
Exposure data will be available soon
ZEB
Canada
100.00%
Sectors
VVL
Exposure data will be available soon
ZEB
Finance
100.00%
As of July 31, 2026
Top 10 Holdings
VVL
Exposure data will be available soon
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
VVL
Exposure data will be available soon
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
VVL
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 | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.57% | 2.29% |
| Meets ESG criteria | No | No |
| Inception Date | June 22, 2016 | October 20, 2009 |
Frequently asked questions about VVL and ZEB
Which ETF has performed better year to date: VVL or ZEB?
As of July 31, 2026, VVL has returned 20.32% year to date, while ZEB has returned 32.77%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: VVL or ZEB?
As of July 31, 2026, VVL manages $855.90 M in assets, while ZEB manages $7.10 B. ZEB is the larger fund by AUM.
How are VVL and ZEB managed?
VVL 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.
Which ETF is attracting more investor flows: VVL or ZEB?
Year to date, VVL has seen +$142.38 M in net flows, compared with +$48.05 M for ZEB. VVL has attracted more net investor money so far.
How do the fees of VVL and ZEB compare?
VVL has an expense ratio of 0.38%, while ZEB has an expense ratio of 0.28%.
Recent articles about VVL and ZEB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.