VS
iShares Core Equity ETF (XEQT) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XEQT focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while ZEB leans towards Financials. When evaluating costs, XEQT features a management fee (MER) of 0.18%, compared to 0.25% for ZEB. Performance-wise, XEQT has returned 6.52% year-to-date with +$3 B in net flows, whereas ZEB is at 12.82% with -$917 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
XEQT
ZEB
| AuM | $16,499.14 M | $5,266.41 M |
| Management Fees | 0.18% | 0.25% |
| Exp. ratio | 0.20% | 0.28% |
| Tracking Difference | - | -0.60% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEQT | +7.57% | +2.87% | +6.52% | +32.19% | +72.74% |
ZEB | +11.34% | +12.03% | +12.82% | +67.83% | +114.74% | |
| Flows | XEQT | +$697 M | +$2,515 M | +$3,443 M | +$6,868 M | +$11,573 M |
ZEB | -$186 M | -$913 M | -$917 M | -$2,240 M | -$1,205 M |
XEQT vs ZEB exposure
Countries
XEQT
USA
41.95%
Canada
26.03%
Other
32.02%
ZEB
Canada
100.00%
Sectors
XEQT
Information Technology
19.08%
Financials
18.45%
Industrials
10.70%
Energy
7.76%
Consumer Discretionary
7.73%
Other
7.44%
Other
28.84%
ZEB
Financials
100.00%
As of April 24, 2026
Top 10 Holdings
XEQT
NVIDIA
2.89%
APPLE
2.54%
MICROSOFT-T
1.88%
ROYAL BK CANADA
1.76%
AMAZON.COM INC
1.39%
TORONTO DOMINION
1.22%
ALPHABET INC-CL
1.14%
SHOPIFY SUBORDINATE VOTING
1.13%
BROADCOM LIMITED
1.00%
ENBRIDGE
0.92%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
XEQT
Total weight of top 10 holdings out of 8,328 total
15.88%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XEQT
ZEB
| Provider | iShares | 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% | 2.66% |
| Meets ESG criteria | No | No |
| Inception Date | August 7, 2019 | October 20, 2009 |
Frequently asked questions about XEQT and ZEB
Which ETF has performed better year to date: XEQT or ZEB?
As of April 24, 2026, XEQT has returned 6.52% year to date, while ZEB has returned 12.82%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XEQT or ZEB?
As of April 24, 2026, XEQT manages $16.50 B in assets, while ZEB manages $5.27 B. XEQT is the larger fund by AUM.
How are XEQT and ZEB managed?
XEQT is actively managed by iShares. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XEQT and ZEB emphasize?
XEQT is most exposed to Information Technology, Financials, and Industrials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: XEQT or ZEB?
Year to date, XEQT has seen +$3,442.84 M in net flows, compared with -$917.23 M for ZEB. XEQT has attracted more net investor money so far.
How do the fees of XEQT and ZEB compare?
XEQT has an expense ratio of 0.20%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XEQT and ZEB?
XEQT's largest holdings include NVIDIA and APPLE. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XEQT or ZEB?
XEQT holds 7453 securities, while ZEB holds 6. On holdings count, XEQT is the more diversified portfolio.
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