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Compare Wealthsimple Shariah World Equity Index ETF (WSHR) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. WSHR provides Consumer Non-Cyclicals, Technology, and Non-Energy Materials exposures, while ZEB is primarily weighted in Finance. When evaluating costs, WSHR features a management fee (MER) of 0.5%, compared to 0.25% for ZEB. Performance-wise, WSHR has returned 14.61% year-to-date with +$82 M in net flows, whereas ZEB is at 29.29% with +$114 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
WSHR
ZEB
| AuM | $548.66 M | $6,918.89 M |
| Management Fees | 0.50% | 0.25% |
| Exp. ratio | 0.57% | 0.28% |
| Tracking Difference | -0.47% | -0.51% |
Historical performance and flows
As of October 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | WSHR | +3.72% | +5.76% | +14.61% | +13.34% | +43.54% |
ZEB | -0.38% | -5.07% | +29.29% | +45.06% | +164.94% | |
| Flows | WSHR | +$14 M | +$35 M | +$82 M | +$101 M | +$273 M |
ZEB | -$450 M | -$94 M | +$114 M | +$753 M | -$879 M |
WSHR vs ZEB exposure
Countries
WSHR
USA
35.75%
Switzerland
10.62%
Japan
10.13%
United Kingdom
8.10%
Canada
7.33%
Other
28.08%
ZEB
Canada
100.00%
Sectors
WSHR
Consumer Non-Cyclicals
17.39%
Technology
15.47%
Non-Energy Materials
14.85%
Healthcare
13.32%
Industrials
8.95%
Energy
8.53%
Other
21.48%
ZEB
Finance
100.00%
As of October 15, 2026
Top 10 Holdings
WSHR
The Coca-Cola Co.
1.07%
Johnson & Johnson
1.00%
Republic Services, Inc.
0.96%
Unilever Plc
0.94%
Roper Technologies, Inc.
0.92%
Meiji Holdings Co., Ltd.
0.92%
Broadridge Financial Solutions, Inc.
0.91%
Mastercard, Inc.
0.90%
Abbott Laboratories
0.88%
Visa, Inc.
0.87%
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
WSHR
Total weight of top 10 holdings out of 158 total
9.38%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
WSHR
ZEB
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index - 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 | 1.77% | 2.38% |
| Meets ESG criteria | Yes | No |
| Inception Date | May 12, 2021 | October 20, 2009 |
Frequently asked questions about WSHR and ZEB
Which ETF has performed better year to date: WSHR or ZEB?
As of October 15, 2026, WSHR has returned 14.61% year to date, while ZEB has returned 29.29%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: WSHR or ZEB?
As of October 15, 2026, WSHR manages $548.66 M in assets, while ZEB manages $6.92 B. ZEB is the larger fund by AUM.
How are WSHR and ZEB managed?
WSHR is passively managed by Mackenzie Investments. It tracks the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do WSHR and ZEB emphasize?
WSHR is most exposed to Consumer Non-Cyclicals, Technology, and Non-Energy Materials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: WSHR or ZEB?
Year to date, WSHR has seen +$81.82 M in net flows, compared with +$114.06 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of WSHR and ZEB compare?
WSHR has an expense ratio of 0.57%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of WSHR and ZEB?
WSHR's largest holdings include The Coca-Cola Co., Johnson & Johnson, and Republic Services, Inc.. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: WSHR or ZEB?
WSHR holds 158 securities, while ZEB holds 6. On holdings count, WSHR is the more diversified portfolio.
Recent articles about WSHR and ZEB
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