VS
BMO BBB CLO ETF (ZBBZ) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZBBZ focuses its top 3 sector exposures on Other sectors and Non-Corporate, while HEWB leans towards Finance. When evaluating costs, ZBBZ features a management fee (MER) of 0.45%, compared to 0.28% for HEWB. Performance-wise, ZBBZ has returned 4.41% year-to-date with -$1 M in net flows, whereas HEWB is at 35.73% with +$23 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
ZBBZ
HEWB
| AuM | $6.74 M | $353.97 M |
| Management Fees | 0.45% | 0.28% |
| Exp. ratio | 0.45% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZBBZ | -0.06% | +4.45% | +4.41% | - | - |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | ZBBZ | +$3 M | +$2 M | -$1 M | - | - |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
ZBBZ vs HEWB exposure
Countries
ZBBZ
Other
98.34%
HEWB
Canada
100.00%
Sectors
ZBBZ
Other
98.34%
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
ZBBZ
US75009PAU12
4.48%
US17181DAJ54
4.41%
US28623RBU14
4.39%
US565923BL26
3.73%
US749979AU45
3.67%
US03330RAS40
3.36%
US09630MAU45
3.00%
US26246GAU76
2.99%
US03332QBC87
2.99%
US22823RBE80
2.99%
HEWB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
ZBBZ
Total weight of top 10 holdings out of 99 total
36.00%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZBBZ
HEWB
| Provider | BMO | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | - | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 9, 2025 | January 23, 2019 |
Frequently asked questions about ZBBZ and HEWB
Which ETF has performed better year to date: ZBBZ or HEWB?
As of July 17, 2026, ZBBZ has returned 4.41% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZBBZ or HEWB?
As of July 17, 2026, ZBBZ manages $6.74 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are ZBBZ and HEWB managed?
ZBBZ is actively managed by BMO. It does not track an index. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZBBZ and HEWB emphasize?
ZBBZ is most exposed to Other sectors and Non-Corporate. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: ZBBZ or HEWB?
Year to date, ZBBZ has seen -$0.64 M in net flows, compared with +$23.13 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of ZBBZ and HEWB compare?
ZBBZ has an expense ratio of 0.45%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of ZBBZ and HEWB?
ZBBZ's largest holdings include Owl Rock CLO 2020-5A, FRN 20apr2034, USD (ABS, C1) and BlackRock Cash Funds - Treasury. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZBBZ or HEWB?
ZBBZ holds 3 securities, while HEWB holds 6. On holdings count, HEWB is the more diversified portfolio.
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