VS
BMO Canadian Core Plus US Balanced ETF (ZBCB) and BMO Balanced ETF (ZBAL.T) 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 ZBAL.T leans towards Finance, Technology, and Sovereign. When evaluating costs, ZBCB features a management fee (MER) of 0.45%, compared to 0.18% for ZBAL.T. Performance-wise, ZBCB has returned 8.23% year-to-date with +$3 M in net flows, whereas ZBAL.T is at 8.56% with +$32 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
ZBAL.T
| AuM | $10.71 M | $113.79 M |
| Management Fees | 0.45% | 0.18% |
| Exp. ratio | 0.45% | 0.20% |
| 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% | - |
ZBAL.T | -1.00% | +0.86% | +8.56% | +8.70% | +54.59% | |
| Flows | ZBCB | +$0 M | +$0 M | +$3 M | +$5 M | - |
ZBAL.T | +$2 M | +$9 M | +$32 M | +$39 M | +$85 M |
ZBCB vs ZBAL.T exposure
Countries
ZBCB
Canada
58.55%
USA
37.11%
ZBAL.T
Canada
42.58%
USA
38.40%
Other
19.02%
Sectors
ZBCB
Finance
29.89%
Technology
14.51%
Municipal
13.40%
Energy
9.73%
Other
32.46%
ZBAL.T
Finance
18.99%
Technology
17.38%
Sovereign
14.70%
Municipal
8.61%
Industrials
7.29%
Other
33.04%
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%
ZBAL.T
Canada, Bond 0.5 1oct2030 10Y
5.06%
NVIDIA Corp.
2.20%
Apple, Inc.
1.96%
CMHC, 1.9% 15mar2031, CAD (100)
1.72%
Microsoft Corp.
1.59%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
1.54%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
1.50%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
1.40%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
1.38%
Canada, Bonds 2.25% 1dec2029, CAD
1.25%
Diversification
ZBCB
Total weight of top 10 holdings out of 2,358 total
22.79%
ZBAL.T
Total weight of top 10 holdings out of 19,935 total
19.60%
Characteristics
Frequently asked questions about ZBCB and ZBAL.T
Which ETF has performed better year to date: ZBCB or ZBAL.T?
As of October 19, 2026, ZBCB has returned 8.23% year to date, while ZBAL.T has returned 8.56%. ZBAL.T is ahead on YTD performance.
Which ETF is larger by assets under management: ZBCB or ZBAL.T?
As of October 19, 2026, ZBCB manages $10.71 M in assets, while ZBAL.T manages $113.79 M. ZBAL.T is the larger fund by AUM.
How are ZBCB and ZBAL.T managed?
ZBCB is actively managed by BMO. It does not track an index. ZBAL.T is actively managed by BMO. It does not track an index.
What sectors do ZBCB and ZBAL.T emphasize?
ZBCB is most exposed to Finance, Technology, and Municipal. ZBAL.T is most exposed to Finance, Technology, and Sovereign.
Which ETF is attracting more investor flows: ZBCB or ZBAL.T?
Year to date, ZBCB has seen +$3.44 M in net flows, compared with +$31.59 M for ZBAL.T. ZBAL.T has attracted more net investor money so far.
How do the fees of ZBCB and ZBAL.T compare?
ZBCB has an expense ratio of 0.45%, while ZBAL.T has an expense ratio of 0.20%.
What are the top holdings of ZBCB and ZBAL.T?
ZBCB's largest holdings include Alphabet, Inc., NVIDIA Corp., and Royal Bank of Canada. ZBAL.T's top holdings include Canada, Bond 0.5 1oct2030 10Y and NVIDIA Corp..
Which ETF is more diversified: ZBCB or ZBAL.T?
ZBCB holds 1050 securities, while ZBAL.T holds 11677. On holdings count, ZBAL.T is the more diversified portfolio.
Recent articles about ZBCB and ZBAL.T
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.