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 Non-Energy Materials, while ZEB leans towards Finance. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, XGD has returned 9.44% year-to-date with +$402 M in net flows, whereas ZEB is at 32.23% with +$1 B. 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 | $4,586.31 M | $8,175.70 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.61% | 0.28% |
| Tracking Difference | 0.91% | -0.53% |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGD | -0.24% | +7.12% | +9.44% | +30.10% | +232.51% |
ZEB | +2.87% | -1.03% | +32.23% | +44.54% | +171.78% | |
| Flows | XGD | +$200 M | +$659 M | +$402 M | +$337 M | +$695 M |
ZEB | +$1,273 M | +$982 M | +$1,232 M | +$1,729 M | +$429 M |
XGD vs ZEB exposure
Countries
XGD
Canada
62.27%
USA
29.78%
Other
7.95%
ZEB
Canada
100.00%
Sectors
XGD
Non-Energy Materials
99.92%
ZEB
Finance
100.00%
As of November 6, 2026
Top 10 Holdings
XGD
Newmont Corp.
16.56%
Agnico Eagle Mines Ltd.
12.68%
Barrick Mining Corp.
9.14%
Wheaton Precious Metals Corp.
8.29%
Franco-Nevada Corp.
6.27%
Anglogold Ashanti Plc
5.51%
Gold Fields Ltd.
4.41%
Kinross Gold Corp.
3.91%
Royal Gold, Inc.
2.73%
Pan American Silver Corp.
2.59%
ZEB
The Bank of Nova Scotia
17.14%
The Toronto-Dominion Bank
16.99%
Bank of Montreal
16.79%
Canadian Imperial Bank of Commerce
16.49%
Royal Bank of Canada
16.45%
National Bank of Canada
16.14%
Diversification
XGD
Total weight of top 10 holdings out of 67 total
72.09%
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 | 0.75% | 2.33% |
| 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 November 6, 2026, XGD has returned 9.44% year to date, while ZEB has returned 32.23%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or ZEB?
As of November 6, 2026, XGD manages $4.59 B in assets, while ZEB manages $8.18 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 Non-Energy Materials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: XGD or ZEB?
Year to date, XGD has seen +$401.55 M in net flows, compared with +$1,232.37 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of XGD and ZEB compare?
XGD has an expense ratio of 0.61%, 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., Agnico Eagle Mines Ltd., and Barrick Mining Corp.. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: XGD or ZEB?
XGD holds 67 securities, while ZEB holds 6. On holdings count, XGD is the more diversified portfolio.
Recent articles about XGD and ZEB
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