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Compare BMO MSCI EAFE Small-Mid Cap Index ETF (ZESM) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. ZESM provides Finance, Industrials, and Non-Energy Materials exposures, while HBNK is primarily weighted in Finance. When evaluating costs, ZESM features a management fee (MER) of 0.35%, compared to 0.09% for HBNK. 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
ZESM
HBNK
| AuM | $388.15 M | $787.51 M |
| Management Fees | 0.35% | 0.09% |
| Exp. ratio | 0.35% | 0.10% |
| Tracking Difference | -0.10% | -0.44% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZESM | -0.13% | +1.25% | - | - | - |
HBNK | +1.99% | +16.52% | +32.72% | +67.44% | +149.42% | |
| Flows | ZESM | +$28 M | +$91 M | - | - | - |
HBNK | -$33 M | +$8 M | -$462 M | -$768 M | -$7 M |
ZESM vs HBNK exposure
Countries
ZESM
Japan
37.28%
United Kingdom
12.13%
Australia
10.20%
Other
40.38%
HBNK
Canada
99.94%
Sectors
ZESM
Finance
23.09%
Industrials
19.34%
Non-Energy Materials
12.33%
Technology
11.60%
Consumer Cyclicals
7.64%
Other
26.00%
HBNK
Finance
99.94%
As of July 20, 2026
Top 10 Holdings
ZESM
Taiyo Yuden Co., Ltd.
0.42%
Kokusai Electric Corp.
0.42%
Diploma Plc
0.36%
ROHM Co., Ltd.
0.29%
NGK Corp.
0.29%
Niterra Co., Ltd.
0.28%
Beazley Plc
0.28%
YASKAWA Electric Corp.
0.28%
Accelleron Industries AG
0.28%
BlueScope Steel Ltd.
0.27%
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
Diversification
ZESM
Total weight of top 10 holdings out of 2,053 total
3.17%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
ZESM
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE SMID Cap Index NET - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.54% |
| Meets ESG criteria | No | No |
| Inception Date | February 3, 2026 | July 5, 2023 |
Frequently asked questions about ZESM and HBNK
Which ETF is larger by assets under management: ZESM or HBNK?
As of July 20, 2026, ZESM manages $388.15 M in assets, while HBNK manages $787.51 M. HBNK is the larger fund by AUM.
How are ZESM and HBNK managed?
ZESM is passively managed by BMO. It tracks the MSCI EAFE SMID Cap Index NET - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZESM and HBNK emphasize?
ZESM is most exposed to Finance, Industrials, and Non-Energy Materials. HBNK is most exposed to Finance.
How do the fees of ZESM and HBNK compare?
ZESM has an expense ratio of 0.35%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZESM and HBNK?
ZESM's largest holdings include Taiyo Yuden Co., Ltd., Kokusai Electric Corp., and Diploma Plc. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZESM or HBNK?
ZESM holds 2040 securities, while HBNK holds 6. On holdings count, ZESM is the more diversified portfolio.
Recent articles about ZESM and HBNK
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