VS
BMO Canadian Core Plus US Balanced ETF (ZBCB) and TD Balanced ETF Portfolio (TBAL) 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 TBAL leans towards Finance, Sovereign, and Technology. When evaluating costs, ZBCB features a management fee (MER) of 0.45%, compared to 0.28% for TBAL. Performance-wise, ZBCB has returned 8.23% year-to-date with +$3 M in net flows, whereas TBAL is at 8.56% with +$182 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
TBAL
| AuM | $10.71 M | $398.25 M |
| Management Fees | 0.45% | 0.28% |
| Exp. ratio | 0.45% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZBCB | +0.06% | +1.70% | +8.23% | +9.35% | - |
TBAL | -0.53% | +1.25% | +8.56% | +8.82% | +56.03% | |
| Flows | ZBCB | +$0 M | +$0 M | +$3 M | +$5 M | - |
TBAL | +$6 M | +$27 M | +$182 M | +$232 M | +$331 M |
ZBCB vs TBAL exposure
Countries
ZBCB
Canada
58.55%
USA
37.11%
TBAL
Canada
58.22%
USA
25.59%
Other
16.19%
Sectors
ZBCB
Finance
29.89%
Technology
14.51%
Municipal
13.40%
Energy
9.73%
Other
32.46%
TBAL
Finance
20.13%
Sovereign
14.22%
Technology
14.06%
Municipal
11.02%
Other
40.56%
As of October 19, 2026
Top 10 Holdings
ZBCB
Alphabet, Inc.
2.98%
NVIDIA Corp.
2.62%
Royal Bank of Canada
2.59%
Bank of America Corp.
2.33%
Agnico Eagle Mines Ltd.
2.32%
Apple, Inc.
2.20%
Amazon.com, Inc.
2.04%
Barrick Mining Corp.
1.95%
Shopify, Inc.
1.92%
The Toronto-Dominion Bank
1.83%
TBAL
NVIDIA Corp.
1.92%
Apple, Inc.
1.70%
Royal Bank of Canada
1.50%
Microsoft Corp.
1.39%
The Toronto-Dominion Bank
1.05%
Amazon.com, Inc.
0.93%
Shopify, Inc.
0.92%
Alphabet, Inc.
0.74%
Broadcom Inc.
0.65%
Alphabet, Inc.
0.64%
Diversification
ZBCB
Total weight of top 10 holdings out of 2,358 total
22.79%
TBAL
Total weight of top 10 holdings out of 3,314 total
11.45%
Characteristics
Compare
ZBCB
TBAL
| Provider | BMO | TD Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.02% | 1.82% |
| Meets ESG criteria | No | No |
| Inception Date | May 21, 2025 | August 18, 2020 |
Frequently asked questions about ZBCB and TBAL
Which ETF has performed better year to date: ZBCB or TBAL?
As of October 19, 2026, ZBCB has returned 8.23% year to date, while TBAL has returned 8.56%. TBAL is ahead on YTD performance.
Which ETF is larger by assets under management: ZBCB or TBAL?
As of October 19, 2026, ZBCB manages $10.71 M in assets, while TBAL manages $398.25 M. TBAL is the larger fund by AUM.
How are ZBCB and TBAL managed?
ZBCB is actively managed by BMO. It does not track an index. TBAL is actively managed by TD Asset Management. It does not track an index.
What sectors do ZBCB and TBAL emphasize?
ZBCB is most exposed to Finance, Technology, and Municipal. TBAL is most exposed to Finance, Sovereign, and Technology.
Which ETF is attracting more investor flows: ZBCB or TBAL?
Year to date, ZBCB has seen +$3.44 M in net flows, compared with +$182.43 M for TBAL. TBAL has attracted more net investor money so far.
How do the fees of ZBCB and TBAL compare?
ZBCB has an expense ratio of 0.45%, while TBAL has an expense ratio of 0.17%.
What are the top holdings of ZBCB and TBAL?
ZBCB's largest holdings include Alphabet, Inc., NVIDIA Corp., and Royal Bank of Canada. TBAL's top holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada.
Which ETF is more diversified: ZBCB or TBAL?
ZBCB holds 1050 securities, while TBAL holds 3271. On holdings count, TBAL is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.