VS
Compare iShares S&P/TSX Completion Index ETF (XMD) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. XMD provides Non-Energy Materials, Finance, and Energy exposures, while ZEB is primarily weighted in Finance. When evaluating costs, XMD features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, XMD has returned 13.49% year-to-date with +$210 M in net flows, whereas ZEB is at 32.36% with +$425 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
XMD
ZEB
| AuM | $878.05 M | $7,427.67 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.60% | 0.28% |
| Tracking Difference | -0.91% | -0.54% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMD | +1.91% | -0.98% | +13.49% | +31.58% | +99.24% |
ZEB | -0.32% | +11.06% | +32.36% | +55.47% | +161.28% | |
| Flows | XMD | +$31 M | +$112 M | +$210 M | +$326 M | +$380 M |
ZEB | +$377 M | +$1,600 M | +$425 M | +$761 M | -$338 M |
XMD vs ZEB exposure
Countries
XMD
Canada
90.73%
Other
9.27%
ZEB
Canada
100.00%
Sectors
XMD
Non-Energy Materials
31.12%
Finance
18.25%
Energy
15.45%
Industrials
14.87%
Other
20.32%
ZEB
Finance
100.00%
As of September 2, 2026
Top 10 Holdings
XMD
Bombardier, Inc.
2.94%
RB Global, Inc.
2.90%
Pan American Silver Corp.
2.63%
Great-West Lifeco, Inc.
2.44%
Lundin Mining Corp.
2.44%
Whitecap Resources, Inc.
2.02%
ARC Resources Ltd.
1.89%
iA Financial Corp., Inc.
1.88%
Toromont Industries Ltd.
1.78%
AltaGas Ltd.
1.76%
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
XMD
Total weight of top 10 holdings out of 159 total
22.69%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XMD
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Completion Total Return 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 | 0.92% | 2.31% |
| Meets ESG criteria | No | No |
| Inception Date | March 2, 2001 | October 20, 2009 |
Frequently asked questions about XMD and ZEB
Which ETF has performed better year to date: XMD or ZEB?
As of September 2, 2026, XMD has returned 13.49% year to date, while ZEB has returned 32.36%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XMD or ZEB?
As of September 2, 2026, XMD manages $878.05 M in assets, while ZEB manages $7.43 B. ZEB is the larger fund by AUM.
How are XMD and ZEB managed?
XMD is passively managed by iShares. It tracks the S&P/TSX Completion 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 XMD and ZEB emphasize?
XMD is most exposed to Non-Energy Materials, Finance, and Energy. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: XMD or ZEB?
Year to date, XMD has seen +$209.80 M in net flows, compared with +$425.30 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of XMD and ZEB compare?
XMD has an expense ratio of 0.60%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XMD and ZEB?
XMD's largest holdings include Bombardier, Inc., RB Global, Inc., and Pan American Silver Corp.. ZEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: XMD or ZEB?
XMD holds 156 securities, while ZEB holds 6. On holdings count, XMD is the more diversified portfolio.
Recent articles about XMD and ZEB
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