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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, Technology, and Sovereign. When evaluating costs, ZBCB features a management fee (MER) of 0.45%, compared to 0.28% for TBAL. Performance-wise, ZBCB has returned 8.33% year-to-date with +$2 M in net flows, whereas TBAL is at 9.04% with +$171 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 | $8.95 M | $389.41 M |
| Management Fees | 0.45% | 0.28% |
| Exp. ratio | 0.45% | 0.17% |
| 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% | - |
TBAL | +1.25% | +1.66% | +9.04% | +14.65% | +50.96% | |
| Flows | ZBCB | +$0 M | -$0 M | +$2 M | +$5 M | - |
TBAL | +$11 M | +$45 M | +$171 M | +$233 M | +$323 M |
ZBCB vs TBAL exposure
Countries
ZBCB
Canada
56.77%
USA
39.71%
TBAL
Canada
57.43%
USA
25.79%
Other
16.78%
Sectors
ZBCB
Finance
29.62%
Technology
14.83%
Municipal
12.10%
Energy
10.08%
Other
33.37%
TBAL
Finance
20.72%
Technology
14.00%
Sovereign
13.99%
Municipal
10.72%
Other
40.58%
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%
TBAL
NVIDIA Corp.
1.84%
Apple, Inc.
1.73%
Royal Bank of Canada
1.62%
Microsoft Corp.
1.33%
The Toronto-Dominion Bank
1.12%
Amazon.com, Inc.
1.02%
Alphabet, Inc.
0.81%
Shopify, Inc.
0.77%
Broadcom Inc.
0.71%
Alphabet, Inc.
0.71%
Diversification
ZBCB
Total weight of top 10 holdings out of 16,100 total
22.86%
TBAL
Total weight of top 10 holdings out of 3,307 total
11.65%
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 | 2.01% | 1.83% |
| 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 September 3, 2026, ZBCB has returned 8.33% year to date, while TBAL has returned 9.04%. TBAL is ahead on YTD performance.
Which ETF is larger by assets under management: ZBCB or TBAL?
As of September 3, 2026, ZBCB manages $8.95 M in assets, while TBAL manages $389.41 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, Technology, and Sovereign.
Which ETF is attracting more investor flows: ZBCB or TBAL?
Year to date, ZBCB has seen +$1.65 M in net flows, compared with +$171.17 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 Royal Bank of Canada, Alphabet, Inc., and NVIDIA Corp.. TBAL's top holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada.
Which ETF is more diversified: ZBCB or TBAL?
ZBCB holds 6680 securities, while TBAL holds 3267. On holdings count, ZBCB is the more diversified portfolio.
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