VS
iShares S&P/TSX Global Gold Index ETF (XGD) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGD focuses its top 3 sector exposures on Materials, while ZEB leans towards Financials. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, XGD has returned 3.05% year-to-date with -$438 M in net flows, whereas ZEB is at 21.68% with -$1,123 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
XGD
ZEB
| AuM | $3,310.45 M | $5,430.65 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.60% | 0.28% |
| Tracking Difference | 1.41% | -0.62% |
Historical performance and flows
As of June 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGD | -4.81% | -19.01% | -3.05% | +57.73% | +174.89% |
ZEB | +5.67% | +18.78% | +21.68% | +62.80% | +140.12% | |
| Flows | XGD | -$2 M | -$371 M | -$438 M | -$503 M | -$123 M |
ZEB | -$9 M | -$208 M | -$1,123 M | -$1,066 M | -$1,888 M |
XGD vs ZEB exposure
Countries
XGD
Canada
63.65%
USA
28.82%
Other
7.53%
ZEB
Canada
100.00%
Sectors
XGD
Materials
73.06%
Other
26.95%
ZEB
Financials
100.00%
As of June 5, 2026
Top 10 Holdings
XGD
NEWMONT CORP
16.59%
AGNICO EAGLE MINES LTD
12.87%
CA06849F1080
8.99%
WHEATON PRECIOUS METALS CORP
7.83%
FRANCO NEVADA
6.07%
GB00BRXH2664
5.44%
US38059T1060
5.20%
KINROSS GOLD
4.96%
PAN AMERICAN
3.01%
ROYAL GOLD
2.59%
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
XGD
Total weight of top 10 holdings out of 63 total
73.55%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XGD
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold 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 | 0.64% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | October 20, 2009 |
Frequently asked questions about XGD and ZEB
Which ETF has performed better year to date: XGD or ZEB?
As of June 5, 2026, XGD has returned -3.05% year to date, while ZEB has returned 21.68%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or ZEB?
As of June 5, 2026, XGD manages $3.31 B in assets, while ZEB manages $5.43 B. ZEB is the larger fund by AUM.
How are XGD and ZEB managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XGD and ZEB emphasize?
XGD is most exposed to Materials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: XGD or ZEB?
Year to date, XGD has seen -$438.15 M in net flows, compared with -$1,122.69 M for ZEB. XGD has attracted more net investor money so far.
How do the fees of XGD and ZEB compare?
XGD has an expense ratio of 0.60%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XGD and ZEB?
XGD's largest holdings include NEWMONT CORP and AGNICO EAGLE MINES LTD. ZEB's top holdings include TORONTO DOMINION, CDN IMPERIAL BK, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: XGD or ZEB?
XGD holds 47 securities, while ZEB holds 6. On holdings count, XGD is the more diversified portfolio.
Recent articles about XGD and ZEB
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.