iShares China Index ETF (XCH) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XCH focuses its top 3 sector exposures on Finance, Technology, and Consumer Non-Cyclicals, while ZEB leans towards Finance. When evaluating costs, XCH features a management fee (MER) of 0.85%, compared to 0.25% for ZEB. Performance-wise, XCH has returned 8.26% year-to-date with +$2 M in net flows, whereas ZEB is at 30.13% with +$531 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
XCH
ZEB
| AuM | $179.33 M | $7,406.60 M |
| Management Fees | 0.85% | 0.25% |
| Exp. ratio | 0.86% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCH | -3.66% | -1.58% | -8.26% | -13.84% | +37.55% |
ZEB | -2.08% | +5.04% | +30.13% | +49.59% | +159.17% | |
| Flows | XCH | -$2 M | -$4 M | +$2 M | +$10 M | +$71 M |
ZEB | +$277 M | +$1,632 M | +$531 M | +$1,038 M | -$434 M |
XCH vs ZEB exposure
Countries
XCH
China
94.08%
ZEB
Canada
100.00%
Sectors
XCH
Finance
36.51%
Technology
20.79%
Consumer Non-Cyclicals
10.22%
Consumer Cyclicals
9.43%
Consumer Services
7.39%
Other
15.66%
ZEB
Finance
100.00%
As of September 11, 2026
Top 10 Holdings
XCH
China Construction Bank Corp.
9.01%
Tencent Holdings Ltd.
8.80%
Alibaba Group Holding Ltd.
8.77%
Industrial & Commercial Bank of China Ltd.
6.27%
Xiaomi Corp.
5.49%
Meituan
5.14%
Ping An Insurance (Group) Co. of China Ltd.
3.86%
NetEase, Inc.
3.81%
Bank of China Ltd.
3.81%
BYD Co., Ltd.
3.56%
ZEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
XCH
Total weight of top 10 holdings out of 51 total
58.51%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XCH
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE China 50 Total Return Index - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.81% | 2.35% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | October 20, 2009 |
Frequently asked questions about XCH and ZEB
Which ETF has performed better year to date: XCH or ZEB?
As of September 11, 2026, XCH has returned -8.26% year to date, while ZEB has returned 30.13%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XCH or ZEB?
As of September 11, 2026, XCH manages $179.33 M in assets, while ZEB manages $7.41 B. ZEB is the larger fund by AUM.
How are XCH and ZEB managed?
XCH is passively managed by iShares. It tracks the FTSE China 50 Total Return Index - USD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XCH and ZEB emphasize?
XCH is most exposed to Finance, Technology, and Consumer Non-Cyclicals. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: XCH or ZEB?
Year to date, XCH has seen +$1.82 M in net flows, compared with +$530.61 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of XCH and ZEB compare?
XCH has an expense ratio of 0.86%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XCH and ZEB?
XCH's largest holdings include China Construction Bank Corp., Tencent Holdings Ltd., and Alibaba Group Holding Ltd.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: XCH or ZEB?
XCH holds 51 securities, while ZEB holds 6. On holdings count, XCH is the more diversified portfolio.
Recent articles about XCH and ZEB
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