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Compare iShares S&P/TSX Capped Energy Index ETF (XEG) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. XEG provides Energy, Finance, and Non-Energy Materials exposures, while ZEB is primarily weighted in Finance. When evaluating costs, XEG features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, XEG has returned 52.86% year-to-date with +$127 M in net flows, whereas ZEB is at 31.45% with +$598 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
XEG
ZEB
| AuM | $2,508.64 M | $7,549.91 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.61% | 0.28% |
| Tracking Difference | 4.63% | -0.54% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | +1.68% | +19.51% | +52.86% | +60.43% | +84.96% |
ZEB | -2.02% | +2.04% | +31.45% | +49.71% | +155.58% | |
| Flows | XEG | +$124 M | -$165 M | +$127 M | +$520 M | -$284 M |
ZEB | +$333 M | +$1,133 M | +$598 M | +$1,233 M | -$216 M |
XEG vs ZEB exposure
Countries
XEG
Canada
99.97%
ZEB
Canada
100.00%
Sectors
XEG
Energy
95.44%
ZEB
Finance
100.00%
As of September 18, 2026
Top 10 Holdings
XEG
Suncor Energy, Inc.
25.76%
Canadian Natural Resources Ltd.
25.07%
Cenovus Energy, Inc.
13.38%
Imperial Oil Ltd.
6.32%
Tourmaline Oil Corp.
5.36%
Whitecap Resources, Inc.
4.66%
ARC Resources Ltd.
4.36%
PrairieSky Royalty Ltd.
1.89%
Tamarack Valley Energy Ltd.
1.49%
Peyto Exploration & Development Corp.
1.22%
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
XEG
Total weight of top 10 holdings out of 27 total
89.50%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XEG
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Energy 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 | 2.41% | 2.32% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2001 | October 20, 2009 |
Frequently asked questions about XEG and ZEB
Which ETF has performed better year to date: XEG or ZEB?
As of September 18, 2026, XEG has returned 52.86% year to date, while ZEB has returned 31.45%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: XEG or ZEB?
As of September 18, 2026, XEG manages $2.51 B in assets, while ZEB manages $7.55 B. ZEB is the larger fund by AUM.
How are XEG and ZEB managed?
XEG is passively managed by iShares. It tracks the S&P/TSX Capped Energy Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XEG and ZEB emphasize?
XEG is most exposed to Energy, Finance, and Non-Energy Materials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: XEG or ZEB?
Year to date, XEG has seen +$126.64 M in net flows, compared with +$598.16 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of XEG and ZEB compare?
XEG has an expense ratio of 0.61%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XEG and ZEB?
XEG's largest holdings include Suncor Energy, Inc., Canadian Natural Resources Ltd., and Cenovus Energy, Inc.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: XEG or ZEB?
XEG holds 27 securities, while ZEB holds 6. On holdings count, XEG is the more diversified portfolio.
Recent articles about XEG and ZEB
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