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BMO Balanced ESG ETF (ZESG) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZESG focuses its top 3 sector exposures on Information Technology, Sovereign, and Municipal, while HBNK leans towards Financials. When evaluating costs, ZESG features a management fee (MER) of 0.18%, compared to 0.09% for HBNK. Performance-wise, ZESG has returned 7.06% year-to-date with +$4 M in net flows, whereas HBNK is at 28.12% with -$417 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
ZESG
HBNK
| AuM | $104.81 M | $806.59 M |
| Management Fees | 0.18% | 0.09% |
| Exp. ratio | 0.20% | 0.10% |
| Tracking Difference | - | -0.41% |
Historical performance and flows
As of June 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZESG | +3.63% | +7.60% | +7.06% | +18.72% | +51.15% |
HBNK | +10.10% | +24.68% | +28.12% | +71.72% | - | |
| Flows | ZESG | +$0 M | +$1 M | +$4 M | +$14 M | +$27 M |
HBNK | +$16 M | -$168 M | -$417 M | -$668 M | - |
ZESG vs HBNK exposure
Countries
ZESG
Canada
49.13%
USA
37.52%
Other
13.35%
HBNK
Canada
99.93%
Sectors
ZESG
Information Technology
16.90%
Sovereign
10.83%
Municipal
10.54%
Financials
10.07%
Other
51.66%
HBNK
Financials
99.93%
As of June 17, 2026
Top 10 Holdings
ZESG
NVIDIA
5.48%
MICROSOFT-T
3.23%
Canada, Bond 1.25 1jun2030 10Y
2.52%
ALPHABET INC-CL
2.19%
ALPHABET INC-CL
1.82%
TORONTO DOMINION
1.69%
Canada, Bonds 2% 1jun2032, CAD
1.51%
Canada, Bonds 1.5% 1dec2031 10Y
1.48%
SHOPIFY SUBORDINATE VOTING
1.42%
Canada, Bonds 3.5% 1mar2028, CAD
1.37%
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
Diversification
ZESG
Total weight of top 10 holdings out of 1,477 total
22.71%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
ZESG
HBNK
| Provider | BMO | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.64% | 2.61% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 16, 2020 | July 5, 2023 |
Frequently asked questions about ZESG and HBNK
Which ETF has performed better year to date: ZESG or HBNK?
As of June 17, 2026, ZESG has returned 7.06% year to date, while HBNK has returned 28.12%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZESG or HBNK?
As of June 17, 2026, ZESG manages $104.81 M in assets, while HBNK manages $806.59 M. HBNK is the larger fund by AUM.
How are ZESG and HBNK managed?
ZESG is actively managed by BMO. It does not track an index. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZESG and HBNK emphasize?
ZESG is most exposed to Information Technology, Sovereign, and Municipal. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: ZESG or HBNK?
Year to date, ZESG has seen +$4.31 M in net flows, compared with -$416.98 M for HBNK. ZESG has attracted more net investor money so far.
How do the fees of ZESG and HBNK compare?
ZESG has an expense ratio of 0.20%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZESG and HBNK?
ZESG's largest holdings include NVIDIA and ALPHABET INC-CL. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: ZESG or HBNK?
ZESG holds 1349 securities, while HBNK holds 6. On holdings count, ZESG is the more diversified portfolio.
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