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iShares S&P Global Industrials Index ETF (XGI) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGI focuses its top 3 sector exposures on Industrials, Business Services, and Non-Energy Materials, while ZEB leans towards Finance. When evaluating costs, XGI features a management fee (MER) of 0.63%, compared to 0.25% for ZEB. Performance-wise, XGI has returned 10.83% year-to-date with +$8 M in net flows, whereas ZEB is at 30.13% with +$531 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
XGI
ZEB
| AuM | $159.16 M | $7,406.60 M |
| Management Fees | 0.63% | 0.25% |
| Exp. ratio | 0.67% | 0.28% |
| Tracking Difference | -0.83% | -0.54% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGI | -5.69% | -0.03% | +10.83% | +14.25% | +65.45% |
ZEB | -2.08% | +5.04% | +30.13% | +49.59% | +159.17% | |
| Flows | XGI | +$0 M | -$2 M | +$8 M | +$6 M | +$46 M |
ZEB | +$277 M | +$1,632 M | +$531 M | +$1,038 M | -$434 M |
XGI vs ZEB exposure
Countries
XGI
USA
51.62%
Japan
13.30%
Other
35.07%
ZEB
Canada
100.00%
Sectors
XGI
Industrials
83.87%
Other
16.13%
ZEB
Finance
100.00%
As of September 11, 2026
Top 10 Holdings
XGI
Caterpillar, Inc.
3.70%
GE Aerospace
3.69%
RTX Corp.
2.87%
GE Vernova, Inc.
2.62%
Siemens AG
2.31%
Schneider Electric SE
1.76%
The Boeing Co.
1.73%
Union Pacific Corp.
1.70%
Rolls-Royce Holdings Plc
1.64%
Deere & Co.
1.50%
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
XGI
Total weight of top 10 holdings out of 216 total
23.51%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XGI
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Global 1200 Industrials CAD Hedged Net Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.27% | 2.35% |
| Meets ESG criteria | No | No |
| Inception Date | March 26, 2013 | October 20, 2009 |
Frequently asked questions about XGI and ZEB
Which ETF has performed better year to date: XGI or ZEB?
As of September 11, 2026, XGI has returned 10.83% year to date, while ZEB has returned 30.13%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XGI or ZEB?
As of September 11, 2026, XGI manages $159.16 M in assets, while ZEB manages $7.41 B. ZEB is the larger fund by AUM.
How are XGI and ZEB managed?
XGI is passively managed by iShares. It tracks the S&P Global 1200 Industrials CAD Hedged Net Total Return Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XGI and ZEB emphasize?
XGI is most exposed to Industrials, Business Services, and Non-Energy Materials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: XGI or ZEB?
Year to date, XGI has seen +$8.24 M in net flows, compared with +$530.61 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of XGI and ZEB compare?
XGI has an expense ratio of 0.67%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XGI and ZEB?
XGI's largest holdings include Caterpillar, Inc., GE Aerospace, and RTX Corp.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: XGI or ZEB?
XGI holds 212 securities, while ZEB holds 6. On holdings count, XGI is the more diversified portfolio.
Recent articles about XGI 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.