VS
BMO Equal Weight Banks Index ETF (ZEB) and Harvest Premium Yield Canadian Bank ETF (HPYB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZEB focuses its top 3 sector exposures on Financials, while HPYB leans towards Financials. When evaluating costs, ZEB features a management fee (MER) of 0.25%, compared to 0.65% for HPYB. 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
HPYB
| AuM | $5,154.86 M | $31.08 M |
| Management Fees | 0.25% | 0.65% |
| Exp. ratio | 0.28% | 0.65% |
| Tracking Difference | -0.67% | - |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEB | +9.65% | +10.03% | +15.03% | +65.52% | +121.30% |
HPYB | +5.36% | +6.09% | - | - | - | |
| Flows | ZEB | -$391 M | -$648 M | -$1,114 M | -$1,641 M | -$1,550 M |
HPYB | +$8 M | +$23 M | - | - | - |
ZEB vs HPYB exposure
Countries
ZEB
Canada
100.00%
HPYB
Canada
87.50%
Other
12.50%
Sectors
ZEB
Financials
100.00%
HPYB
Financials
87.50%
Other
12.50%
As of May 7, 2026
Top 10 Holdings
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
HPYB
ROYAL BK CANADA
15.90%
BNS
15.60%
CDN IMPERIAL BK
14.30%
BANK OF MONTREAL
14.10%
TORONTO DOMINION
13.80%
NATIONAL BANK OF CANADA
13.80%
Diversification
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
HPYB
Total weight of top 10 holdings out of 6 total
87.50%
Characteristics
Compare
ZEB
HPYB
| Provider | BMO | Harvest Portfolios Group |
| 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 | 2.62% | - |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | January 21, 2026 |
Frequently asked questions about ZEB and HPYB
Which ETF is larger by assets under management: ZEB or HPYB?
As of May 7, 2026, ZEB manages $5.15 B in assets, while HPYB manages $31.08 M. ZEB is the larger fund by AUM.
How are ZEB and HPYB managed?
ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HPYB is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do ZEB and HPYB emphasize?
ZEB is most exposed to Financials. HPYB is most exposed to Financials.
How do the fees of ZEB and HPYB compare?
ZEB has an expense ratio of 0.28%, while HPYB has an expense ratio of 0.65%.
What are the top holdings of ZEB and HPYB?
ZEB's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS. HPYB's top holdings include ROYAL BK CANADA, BNS, and CDN IMPERIAL BK.
Which ETF is more diversified: ZEB or HPYB?
ZEB holds 6 securities, while HPYB holds 6. On holdings count, ZEB is the more diversified portfolio.
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