VS
iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XCBG focuses its top 3 sector exposures on Banks, Communication services, and Power, while ZEB leans towards Financials. When evaluating costs, XCBG features a management fee (MER) of 0.15%, compared to 0.25% for ZEB. Performance-wise, XCBG has returned 0.35% year-to-date with -$19 M in net flows, whereas ZEB is at 8.02% with -$766 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
XCBG
ZEB
| AuM | $78.95 M | $5,192.34 M |
| Management Fees | 0.15% | 0.25% |
| Exp. ratio | 0.17% | 0.28% |
| Tracking Difference | -0.12% | -0.60% |
Historical performance and flows
As of April 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCBG | -0.24% | +0.05% | +0.35% | +4.15% | +16.83% |
ZEB | +5.45% | +6.44% | +8.02% | +66.64% | +108.92% | |
| Flows | XCBG | -$24 M | -$19 M | -$19 M | +$8 M | +$56 M |
ZEB | +$148 M | -$765 M | -$766 M | -$2,832 M | -$1,318 M |
XCBG vs ZEB exposure
Countries
XCBG
Canada
89.68%
USA
8.55%
ZEB
Canada
100.00%
Sectors
XCBG
Banks
36.81%
Other
19.38%
Communication services
15.76%
Power
7.54%
Other
20.51%
ZEB
Financials
100.00%
As of April 9, 2026
Top 10 Holdings
XCBG
CA06418Y4L93
1.16%
CA13607QQT27
1.16%
Bank of Nova Scotia, 2.95% 8mar2027, CAD
1.08%
CA89116C7J09
1.06%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.98%
CA779926WF74
0.97%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.92%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
0.90%
CA89116C3S44
0.90%
Bank of Montreal, 3.19% 1mar2028, CAD
0.90%
ZEB
CDN IMPERIAL BK
17.54%
NATIONAL BANK OF CANADA
17.45%
TORONTO DOMINION
17.23%
BNS
16.23%
BANK OF MONTREAL
15.78%
ROYAL BK CANADA
15.77%
Diversification
XCBG
Total weight of top 10 holdings out of 356 total
10.03%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XCBG
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg MSCI Canada Corporate Choice ESG Screened 10% Issuer Capped 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 | 3.91% | 2.78% |
| Meets ESG criteria | Yes | No |
| Inception Date | August 6, 2021 | October 20, 2009 |
Frequently asked questions about XCBG and ZEB
Which ETF has performed better year to date: XCBG or ZEB?
As of April 9, 2026, XCBG has returned 0.35% year to date, while ZEB has returned 8.02%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XCBG or ZEB?
As of April 9, 2026, XCBG manages $78.95 M in assets, while ZEB manages $5.19 B. ZEB is the larger fund by AUM.
How are XCBG and ZEB managed?
XCBG is passively managed by iShares. It tracks the Bloomberg MSCI Canada Corporate Choice ESG Screened 10% Issuer Capped Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XCBG and ZEB emphasize?
XCBG is most exposed to Banks, Communication services, and Power. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: XCBG or ZEB?
Year to date, XCBG has seen -$18.63 M in net flows, compared with -$765.82 M for ZEB. XCBG has attracted more net investor money so far.
How do the fees of XCBG and ZEB compare?
XCBG has an expense ratio of 0.17%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XCBG and ZEB?
XCBG's largest holdings include Bank of Nova Scotia, 2.95% 8mar2027, CAD and Toronto-Dominion Bank, 4.21% 1jun2027, CAD. ZEB's top holdings include CDN IMPERIAL BK, NATIONAL BANK OF CANADA, and TORONTO DOMINION.
Which ETF is more diversified: XCBG or ZEB?
XCBG holds 302 securities, while ZEB holds 6. On holdings count, XCBG is the more diversified portfolio.
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