iShares India Index ETF (XID) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XID focuses its top 3 sector exposures on Finance, Consumer Cyclicals, and Energy, while ZEB leans towards Finance. When evaluating costs, XID features a management fee (MER) of 0.98%, compared to 0.25% for ZEB. Performance-wise, XID has returned 10% year-to-date with +$4 M in net flows, whereas ZEB is at 30.38% with +$444 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
XID
ZEB
| AuM | $120.86 M | $7,334.93 M |
| Management Fees | 0.98% | 0.25% |
| Exp. ratio | 0.92% | 0.28% |
| Tracking Difference | - | -0.54% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XID | -2.91% | +3.71% | -10.00% | -6.73% | +7.09% |
ZEB | -1.81% | +8.90% | +30.38% | +54.61% | +157.36% | |
| Flows | XID | -$14 M | -$15 M | +$4 M | +$9 M | +$69 M |
ZEB | +$396 M | +$1,654 M | +$444 M | +$651 M | -$319 M |
XID vs ZEB exposure
Countries
XID
India
99.72%
ZEB
Canada
100.00%
Sectors
XID
Finance
35.90%
Consumer Cyclicals
9.72%
Energy
9.56%
Technology
8.53%
Industrials
8.31%
Non-Energy Materials
7.13%
Other
20.85%
ZEB
Finance
100.00%
As of September 1, 2026
Top 10 Holdings
XID
HDFC Bank Ltd.
10.33%
ICICI Bank Ltd.
9.19%
Reliance Industries Ltd.
7.82%
Bharti Airtel Ltd.
5.33%
Larsen & Toubro Ltd.
4.13%
State Bank of India
3.81%
Infosys Ltd.
3.63%
BlackRock Cash Funds - Treasury
3.53%
Axis Bank Ltd.
3.15%
Mahindra & Mahindra Ltd.
2.63%
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
XID
Total weight of top 10 holdings out of 51 total
53.56%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XID
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | NSE Nifty 50 Index - INR | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 16.26% | 2.34% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | October 20, 2009 |
Frequently asked questions about XID and ZEB
Which ETF has performed better year to date: XID or ZEB?
As of September 1, 2026, XID has returned -10.00% year to date, while ZEB has returned 30.38%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XID or ZEB?
As of September 1, 2026, XID manages $120.86 M in assets, while ZEB manages $7.33 B. ZEB is the larger fund by AUM.
How are XID and ZEB managed?
XID is passively managed by iShares. It tracks the NSE Nifty 50 Index - INR benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XID and ZEB emphasize?
XID is most exposed to Finance, Consumer Cyclicals, and Energy. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: XID or ZEB?
Year to date, XID has seen +$4.10 M in net flows, compared with +$444.26 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of XID and ZEB compare?
XID has an expense ratio of 0.92%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XID and ZEB?
XID's largest holdings include HDFC Bank Ltd., ICICI Bank Ltd., and Reliance Industries Ltd.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: XID or ZEB?
XID holds 51 securities, while ZEB holds 6. On holdings count, XID is the more diversified portfolio.
Recent articles about XID 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.