VS
iShares U.S. High Yield Bond Index ETF (XHY) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XHY focuses its top 3 sector exposures on Media, Pipelines, and It services and computer programming, while ZEB leans towards Financials. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.25% for ZEB. Performance-wise, XHY has returned 0.45% year-to-date with +$138 M in net flows, whereas ZEB is at 14.48% with -$1,013 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
XHY
ZEB
| AuM | $1,081.93 M | $5,232.53 M |
| Management Fees | 0.50% | 0.25% |
| Exp. ratio | 0.55% | 0.28% |
| Tracking Difference | -0.27% | -0.67% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | +2.04% | +0.16% | +0.45% | +6.47% | +22.72% |
ZEB | +10.87% | +12.99% | +14.48% | +66.34% | +117.81% | |
| Flows | XHY | +$14 M | +$82 M | +$138 M | +$292 M | +$673 M |
ZEB | -$511 M | -$1,076 M | -$1,013 M | -$1,828 M | -$1,438 M |
XHY vs ZEB exposure
Countries
XHY
USA
88.95%
Other
11.05%
ZEB
Canada
100.00%
Sectors
XHY
Other
30.08%
Other
69.92%
ZEB
Financials
100.00%
As of April 30, 2026
Top 10 Holdings
XHY
US68288AAA51
0.56%
EchoStar, 10.75% 30nov2029, USD
0.48%
Cloud Software Group, 9% 30sep2029, USD
0.35%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.34%
US78488XAA28
0.33%
US982911AA70
0.32%
US045941AA96
0.31%
Venture Global LNG, 9.5% 1feb2029, USD
0.30%
US045941AB79
0.29%
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
XHY
Total weight of top 10 holdings out of 1,312 total
3.62%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XHY
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.12% | 2.63% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | October 20, 2009 |
Frequently asked questions about XHY and ZEB
Which ETF has performed better year to date: XHY or ZEB?
As of April 30, 2026, XHY has returned 0.45% year to date, while ZEB has returned 14.48%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or ZEB?
As of April 30, 2026, XHY manages $1.08 B in assets, while ZEB manages $5.23 B. ZEB is the larger fund by AUM.
How are XHY and ZEB managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XHY and ZEB emphasize?
XHY is most exposed to Media, Pipelines, and It services and computer programming. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: XHY or ZEB?
Year to date, XHY has seen +$138.23 M in net flows, compared with -$1,012.88 M for ZEB. XHY has attracted more net investor money so far.
How do the fees of XHY and ZEB compare?
XHY has an expense ratio of 0.55%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XHY and ZEB?
XHY's largest holdings include EchoStar, 10.75% 30nov2029, USD and Cloud Software Group, 9% 30sep2029, USD. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XHY or ZEB?
XHY holds 972 securities, while ZEB holds 6. On holdings count, XHY is the more diversified portfolio.
Recent articles about XHY and ZEB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.