VS
BMO Short Corporate Bond Index ETF (ZCS) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZCS focuses its top 3 sector exposures on Finance, Energy, and Industrials, while ZEB leans towards Finance. When evaluating costs, ZCS features a management fee (MER) of 0.1%, compared to 0.25% for ZEB. Performance-wise, ZCS has returned 1.52% year-to-date with +$389 M in net flows, whereas ZEB is at 34.17% with +$250 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
ZCS
ZEB
| AuM | $4,680.43 M | $7,374.39 M |
| Management Fees | 0.10% | 0.25% |
| Exp. ratio | 0.11% | 0.28% |
| Tracking Difference | - | -0.62% |
Historical performance and flows
As of August 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCS | +0.05% | +1.19% | +1.52% | +3.29% | +19.50% |
ZEB | +1.14% | +15.35% | +34.17% | +65.05% | +164.45% | |
| Flows | ZCS | -$144 M | +$500 M | +$389 M | +$307 M | +$3,252 M |
ZEB | -$16 M | +$1,464 M | +$250 M | +$552 M | -$911 M |
ZCS vs ZEB exposure
Countries
ZCS
Canada
97.11%
ZEB
Canada
100.00%
Sectors
ZCS
Finance
64.25%
Energy
13.19%
Other
22.56%
ZEB
Finance
100.00%
As of August 18, 2026
Top 10 Holdings
ZCS
Bank of Montreal, 3.19% 1mar2028, CAD
6.49%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
5.13%
Royal Bank of Canada, 3.985% 22jul2031, CAD
5.10%
CIBC, 3.8% 10dec2030, CAD
4.34%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
4.31%
TransCanada PipeLines, 5.277% 15jul2030, CAD
3.80%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
3.71%
Royal Bank of Canada, 4.632% 1may2028, CAD
3.68%
Bank of Montreal, 4.709% 7dec2027, CAD
3.67%
RBC Capital Markets, 4% 17oct2030, CAD
3.65%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
ZCS
Total weight of top 10 holdings out of 46 total
43.87%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZCS
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE TMX Canada Short Term Corporate Bond Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.98% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | October 20, 2009 |
Frequently asked questions about ZCS and ZEB
Which ETF has performed better year to date: ZCS or ZEB?
As of August 18, 2026, ZCS has returned 1.52% year to date, while ZEB has returned 34.17%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZCS or ZEB?
As of August 18, 2026, ZCS manages $4.68 B in assets, while ZEB manages $7.37 B. ZEB is the larger fund by AUM.
How are ZCS and ZEB managed?
ZCS is passively managed by BMO. It tracks the FTSE TMX Canada Short Term Corporate Bond Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZCS and ZEB emphasize?
ZCS is most exposed to Finance, Energy, and Industrials. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: ZCS or ZEB?
Year to date, ZCS has seen +$388.58 M in net flows, compared with +$250.12 M for ZEB. ZCS has attracted more net investor money so far.
How do the fees of ZCS and ZEB compare?
ZCS has an expense ratio of 0.11%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZCS and ZEB?
ZCS's largest holdings include Bank of Montreal, 3.19% 1mar2028, CAD, Toronto-Dominion Bank, 4.477% 18jan2028, CAD, and Royal Bank of Canada, 3.985% 22jul2031, CAD. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZCS or ZEB?
ZCS holds 46 securities, while ZEB holds 6. On holdings count, ZCS is the more diversified portfolio.
Recent articles about ZCS and ZEB
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