VS
BMO Canadian Core Plus US Balanced ETF (ZBCB) and iShares ESG Balanced ETF Portfolio (GBAL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZBCB focuses its top 3 sector exposures on Finance, Technology, and Municipal, while GBAL leans towards Finance, Technology, and Sovereign. When evaluating costs, ZBCB features a management fee (MER) of 0.45%, compared to 0.22% for GBAL. Performance-wise, ZBCB has returned 8.33% year-to-date with +$2 M in net flows, whereas GBAL is at 10.53% with +$74 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
ZBCB
GBAL
| AuM | $8.95 M | $287.72 M |
| Management Fees | 0.45% | 0.22% |
| Exp. ratio | 0.45% | 0.24% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZBCB | -0.16% | +2.05% | +8.33% | +14.02% | - |
GBAL | -0.83% | +1.38% | +10.53% | +15.91% | +57.25% | |
| Flows | ZBCB | +$0 M | -$0 M | +$2 M | +$5 M | - |
GBAL | +$12 M | +$29 M | +$74 M | +$101 M | +$189 M |
ZBCB vs GBAL exposure
Countries
ZBCB
Canada
56.77%
USA
39.71%
GBAL
Canada
52.79%
USA
29.61%
Other
17.60%
Sectors
ZBCB
Finance
29.62%
Technology
14.83%
Municipal
12.10%
Energy
10.08%
Other
33.37%
GBAL
Finance
33.62%
Technology
18.27%
Sovereign
11.85%
Municipal
9.18%
Other
27.09%
As of September 3, 2026
Top 10 Holdings
ZBCB
Royal Bank of Canada
3.24%
Alphabet, Inc.
3.05%
NVIDIA Corp.
2.50%
Bank of America Corp.
2.44%
Apple, Inc.
2.44%
Amazon.com, Inc.
1.91%
Suncor Energy, Inc.
1.90%
Canadian Natural Resources Ltd.
1.83%
Agnico Eagle Mines Ltd.
1.81%
The Toronto-Dominion Bank
1.73%
GBAL
NVIDIA Corp.
2.92%
Royal Bank of Canada
2.01%
The Toronto-Dominion Bank
1.95%
Broadcom Inc.
1.85%
Shopify, Inc.
1.50%
Bank of Montreal
1.23%
Canadian Imperial Bank of Commerce
1.08%
The Bank of Nova Scotia
1.08%
Micron Technology, Inc.
1.04%
Canada, Bond 2 1jun2028 10Y
0.95%
Diversification
ZBCB
Total weight of top 10 holdings out of 16,100 total
22.86%
GBAL
Total weight of top 10 holdings out of 1,382 total
15.60%
Characteristics
Compare
ZBCB
GBAL
| Provider | BMO | iShares |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.01% | 1.68% |
| Meets ESG criteria | No | Yes |
| Inception Date | May 21, 2025 | September 10, 2020 |
Frequently asked questions about ZBCB and GBAL
Which ETF has performed better year to date: ZBCB or GBAL?
As of September 3, 2026, ZBCB has returned 8.33% year to date, while GBAL has returned 10.53%. GBAL is ahead on YTD performance.
Which ETF is larger by assets under management: ZBCB or GBAL?
As of September 3, 2026, ZBCB manages $8.95 M in assets, while GBAL manages $287.72 M. GBAL is the larger fund by AUM.
How are ZBCB and GBAL managed?
ZBCB is actively managed by BMO. It does not track an index. GBAL is actively managed by iShares. It does not track an index.
What sectors do ZBCB and GBAL emphasize?
ZBCB is most exposed to Finance, Technology, and Municipal. GBAL is most exposed to Finance, Technology, and Sovereign.
Which ETF is attracting more investor flows: ZBCB or GBAL?
Year to date, ZBCB has seen +$1.65 M in net flows, compared with +$74.34 M for GBAL. GBAL has attracted more net investor money so far.
How do the fees of ZBCB and GBAL compare?
ZBCB has an expense ratio of 0.45%, while GBAL has an expense ratio of 0.24%.
What are the top holdings of ZBCB and GBAL?
ZBCB's largest holdings include Royal Bank of Canada, Alphabet, Inc., and NVIDIA Corp.. GBAL's top holdings include NVIDIA Corp., Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: ZBCB or GBAL?
ZBCB holds 6680 securities, while GBAL holds 1375. On holdings count, ZBCB is the more diversified portfolio.
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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.