VS
BMO Equal Weight Banks Index ETF (ZEB) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZEB focuses its top 3 sector exposures on Financials, while BANK leans towards Financials. When evaluating costs, ZEB features a management fee (MER) of 0.25%, compared to 0.6% for BANK. Performance-wise, ZEB has returned 4.2% year-to-date with -$723 M in net flows, whereas BANK is at 2.04% with +$98 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
ZEB
BANK
| AuM | $5,050.96 M | $917.17 M |
| Management Fees | 0.25% | 0.60% |
| Exp. ratio | 0.28% | 0.83% |
| Tracking Difference | -0.60% | - |
Historical performance and flows
As of April 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEB | +0.88% | +3.08% | +4.20% | +65.52% | +102.53% |
BANK | +2.55% | +0.40% | +2.04% | +51.49% | +61.21% | |
| Flows | ZEB | +$311 M | -$835 M | -$723 M | -$1,943 M | -$1,208 M |
BANK | +$22 M | +$94 M | +$98 M | +$403 M | +$737 M |
ZEB vs BANK exposure
Countries
ZEB
Canada
100.00%
BANK
Canada
100.39%
Sectors
ZEB
Financials
100.00%
BANK
Financials
100.39%
As of April 6, 2026
Top 10 Holdings
ZEB
CDN IMPERIAL BK
17.54%
NATIONAL BANK OF CANADA
17.45%
TORONTO DOMINION
17.23%
BNS
16.23%
BANK OF MONTREAL
15.78%
ROYAL BK CANADA
15.77%
BANK
NATIONAL BANK OF CANADA
11.20%
CDN IMPERIAL BK
10.39%
GREAT WEST LIFECO
10.20%
POWER CORPORATION OF CANADA
10.03%
BANK OF MONTREAL
10.00%
TORONTO DOMINION
9.97%
SUN LIFE FINL
9.89%
BNS
9.89%
ROYAL BK CANADA
9.61%
MANULIFE-S
9.20%
Diversification
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
BANK
Total weight of top 10 holdings out of 10 total
100.39%
Characteristics
Compare
ZEB
BANK
| Provider | BMO | Evolve ETFs |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.88% | 11.98% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | February 1, 2022 |
Frequently asked questions about ZEB and BANK
Which ETF has performed better year to date: ZEB or BANK?
As of April 6, 2026, ZEB has returned 4.20% year to date, while BANK has returned 2.04%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZEB or BANK?
As of April 6, 2026, ZEB manages $5.05 B in assets, while BANK manages $917.17 M. ZEB is the larger fund by AUM.
How are ZEB and BANK managed?
ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. BANK is actively managed by Evolve ETFs. It does not track an index.
What sectors do ZEB and BANK emphasize?
ZEB is most exposed to Financials. BANK is most exposed to Financials.
Which ETF is attracting more investor flows: ZEB or BANK?
Year to date, ZEB has seen -$723.44 M in net flows, compared with +$98.26 M for BANK. BANK has attracted more net investor money so far.
How do the fees of ZEB and BANK compare?
ZEB has an expense ratio of 0.28%, while BANK has an expense ratio of 0.83%.
What are the top holdings of ZEB and BANK?
ZEB's largest holdings include CDN IMPERIAL BK, NATIONAL BANK OF CANADA, and TORONTO DOMINION. BANK's top holdings include NATIONAL BANK OF CANADA, CDN IMPERIAL BK, and GREAT WEST LIFECO.
Which ETF is more diversified: ZEB or BANK?
ZEB holds 6 securities, while BANK holds 10. On holdings count, BANK is the more diversified portfolio.
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