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 Finance, Technology, and Industrials, while ZEB leans towards Finance. When evaluating costs, XEQT features a management fee (MER) of 0.18%, compared to 0.25% for ZEB. Performance-wise, XEQT has returned 14.76% year-to-date with +$8 B in net flows, whereas ZEB is at 30.16% with +$575 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 | $22,360.21 M | $7,453.44 M |
| Management Fees | 0.18% | 0.25% |
| Exp. ratio | 0.19% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEQT | -1.95% | +0.82% | +14.76% | +19.91% | +78.93% |
ZEB | -4.56% | +3.59% | +30.16% | +49.54% | +153.84% | |
| Flows | XEQT | +$1,009 M | +$3,041 M | +$8,094 M | +$9,876 M | +$15,941 M |
ZEB | +$318 M | +$1,709 M | +$575 M | +$1,343 M | -$329 M |
XEQT vs ZEB exposure
Countries
XEQT
USA
44.48%
Canada
24.66%
Other
30.86%
ZEB
Canada
100.00%
Sectors
XEQT
Finance
25.23%
Technology
24.35%
Industrials
10.32%
Non-Energy Materials
7.46%
Energy
7.10%
Other
25.54%
ZEB
Finance
100.00%
As of September 14, 2026
Top 10 Holdings
XEQT
Apple, Inc.
3.05%
NVIDIA Corp.
2.94%
Microsoft Corp.
2.08%
Royal Bank of Canada
2.07%
Amazon.com, Inc.
1.43%
The Toronto-Dominion Bank
1.41%
Alphabet, Inc.
1.22%
Broadcom Inc.
1.14%
Shopify, Inc.
1.05%
Alphabet, Inc.
0.98%
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
XEQT
Total weight of top 10 holdings out of 8,298 total
17.37%
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 | 1.59% | 2.35% |
| 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 September 14, 2026, XEQT has returned 14.76% year to date, while ZEB has returned 30.16%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XEQT or ZEB?
As of September 14, 2026, XEQT manages $22.36 B in assets, while ZEB manages $7.45 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 Finance, Technology, and Industrials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: XEQT or ZEB?
Year to date, XEQT has seen +$8,093.93 M in net flows, compared with +$575.36 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 0.19%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XEQT and ZEB?
XEQT's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: XEQT or ZEB?
XEQT holds 8200 securities, while ZEB holds 6. On holdings count, XEQT is the more diversified portfolio.
Recent articles about XEQT and ZEB
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