BMO Balanced ESG ETF (ZESG) and BMO Equal Weight Banks Index ETF (ZEB) 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 ZEB leans towards Financials. When evaluating costs, ZESG features a management fee (MER) of 0.18%, compared to 0.25% for ZEB. Performance-wise, ZESG has returned 7.06% year-to-date with +$4 M in net flows, whereas ZEB is at 28.06% with -$535 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
ZEB
| AuM | $104.81 M | $6,306.13 M |
| Management Fees | 0.18% | 0.25% |
| Exp. ratio | 0.20% | 0.28% |
| Tracking Difference | - | -0.62% |
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% |
ZEB | +10.10% | +24.68% | +28.06% | +71.51% | +148.45% | |
| Flows | ZESG | +$0 M | +$1 M | +$4 M | +$14 M | +$27 M |
ZEB | +$679 M | +$394 M | -$535 M | -$374 M | -$1,242 M |
ZESG vs ZEB exposure
Countries
ZESG
Canada
49.13%
USA
37.52%
Other
13.35%
ZEB
Canada
100.00%
Sectors
ZESG
Information Technology
16.90%
Sovereign
10.83%
Municipal
10.54%
Financials
10.07%
Other
51.66%
ZEB
Financials
100.00%
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%
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
ZESG
Total weight of top 10 holdings out of 1,477 total
22.71%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZESG
ZEB
| Provider | BMO | BMO |
| 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% | 2.36% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 16, 2020 | October 20, 2009 |
Frequently asked questions about ZESG and ZEB
Which ETF has performed better year to date: ZESG or ZEB?
As of June 17, 2026, ZESG has returned 7.06% year to date, while ZEB has returned 28.06%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZESG or ZEB?
As of June 17, 2026, ZESG manages $104.81 M in assets, while ZEB manages $6.31 B. ZEB is the larger fund by AUM.
How are ZESG and ZEB managed?
ZESG is actively managed by BMO. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZESG and ZEB emphasize?
ZESG is most exposed to Information Technology, Sovereign, and Municipal. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: ZESG or ZEB?
Year to date, ZESG has seen +$4.31 M in net flows, compared with -$534.91 M for ZEB. ZESG has attracted more net investor money so far.
How do the fees of ZESG and ZEB compare?
ZESG has an expense ratio of 0.20%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZESG and ZEB?
ZESG's largest holdings include NVIDIA and ALPHABET INC-CL. ZEB's top holdings include TORONTO DOMINION, CDN IMPERIAL BK, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: ZESG or ZEB?
ZESG holds 1349 securities, while ZEB holds 6. On holdings count, ZESG is the more diversified portfolio.
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