VS
Compare iShares S&P/TSX Capped REIT Index ETF (XRE) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. XRE provides Real Estate exposures, while ZEB is primarily weighted in Financials. When evaluating costs, XRE features a management fee (MER) of 0.55%, compared to 0.25% for ZEB. Performance-wise, XRE has returned 11.29% year-to-date with -$9 M in net flows, whereas ZEB is at 28.06% with -$535 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
XRE
ZEB
| AuM | $1,155.31 M | $6,306.13 M |
| Management Fees | 0.55% | 0.25% |
| Exp. ratio | 0.60% | 0.28% |
| Tracking Difference | -0.72% | -0.62% |
Historical performance and flows
As of June 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRE | +3.87% | +6.85% | +11.29% | +13.68% | +21.16% |
ZEB | +10.10% | +24.68% | +28.06% | +71.51% | +148.45% | |
| Flows | XRE | -$8 M | -$15 M | -$9 M | -$444 M | +$117 M |
ZEB | +$679 M | +$394 M | -$535 M | -$374 M | -$1,242 M |
XRE vs ZEB exposure
Countries
XRE
Canada
99.58%
ZEB
Canada
100.00%
Sectors
XRE
Real Estate
86.51%
Other
13.49%
ZEB
Financials
100.00%
As of June 17, 2026
Top 10 Holdings
XRE
RIOCAN REAL ESTATE UNT
11.89%
CANADIAN APARTMENT PROPER REIT UNT
10.83%
CA3874372053
10.71%
FIRST CAPITAL REIT UNT
9.56%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
7.89%
DREAM INDUSTRIAL REAL ESTATE
7.57%
SMART REAL ESTATE INVESTMENT
6.99%
H&R REAL ESTATE INVESTMENT TRUST UNIT
5.44%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.20%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
4.28%
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
XRE
Total weight of top 10 holdings out of 16 total
80.37%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XRE
ZEB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped REIT 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 | 4.42% | 2.36% |
| Meets ESG criteria | No | No |
| Inception Date | October 17, 2002 | October 20, 2009 |
Frequently asked questions about XRE and ZEB
Which ETF has performed better year to date: XRE or ZEB?
As of June 17, 2026, XRE has returned 11.29% year to date, while ZEB has returned 28.06%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: XRE or ZEB?
As of June 17, 2026, XRE manages $1.16 B in assets, while ZEB manages $6.31 B. ZEB is the larger fund by AUM.
How are XRE and ZEB managed?
XRE is passively managed by iShares. It tracks the S&P/TSX Capped REIT 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 XRE and ZEB emphasize?
XRE is most exposed to Real Estate. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: XRE or ZEB?
Year to date, XRE has seen -$9.38 M in net flows, compared with -$534.91 M for ZEB. XRE has attracted more net investor money so far.
How do the fees of XRE and ZEB compare?
XRE has an expense ratio of 0.60%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of XRE and ZEB?
XRE's largest holdings include RIOCAN REAL ESTATE UNT and CANADIAN APARTMENT PROPER REIT UNT. ZEB's top holdings include TORONTO DOMINION, CDN IMPERIAL BK, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: XRE or ZEB?
XRE holds 15 securities, while ZEB holds 6. On holdings count, XRE is the more diversified portfolio.
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