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Compare BMO MSCI EAFE Small-Mid Cap Index ETF (ZESM) vs BMO Equal Weight Banks Index ETF (ZEB) to find the best fit for your portfolio. ZESM provides Finance, Industrials, and Non-Energy Materials exposures, while ZEB is primarily weighted in Finance. When evaluating costs, ZESM features a management fee (MER) of 0.35%, compared to 0.25% for ZEB. 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
ZEB
| AuM | $387.15 M | $7,493.90 M |
| Management Fees | 0.35% | 0.25% |
| Exp. ratio | 0.35% | 0.28% |
| Tracking Difference | -0.10% | -0.65% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZESM | -1.22% | +0.40% | - | - | - |
ZEB | +6.04% | +19.90% | +35.79% | +71.33% | +157.89% | |
| Flows | ZESM | +$33 M | +$383 M | - | - | - |
ZEB | +$1,233 M | +$1,278 M | +$267 M | +$768 M | -$484 M |
ZESM vs ZEB exposure
Countries
ZESM
Japan
35.82%
United Kingdom
11.95%
Australia
10.23%
Other
42.00%
ZEB
Canada
100.00%
Sectors
ZESM
Finance
22.76%
Industrials
19.29%
Non-Energy Materials
12.69%
Technology
11.33%
Consumer Cyclicals
7.53%
Other
26.42%
ZEB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
ZESM
Diploma Plc
0.34%
Kokusai Electric Corp.
0.31%
Taiyo Yuden Co., Ltd.
0.30%
ROHM Co., Ltd.
0.29%
YASKAWA Electric Corp.
0.28%
BlueScope Steel Ltd.
0.27%
Beazley Plc
0.27%
Niterra Co., Ltd.
0.26%
Accelleron Industries AG
0.25%
Mineral Resources Ltd.
0.25%
ZEB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
ZESM
Total weight of top 10 holdings out of 2,061 total
2.83%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZESM
ZEB
| Provider | BMO | BMO |
| 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 | - | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | February 3, 2026 | October 20, 2009 |
Frequently asked questions about ZESM and ZEB
Which ETF is larger by assets under management: ZESM or ZEB?
As of July 17, 2026, ZESM manages $387.15 M in assets, while ZEB manages $7.49 B. ZEB is the larger fund by AUM.
How are ZESM and ZEB managed?
ZESM is passively managed by BMO. It tracks the MSCI EAFE SMID Cap Index NET - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZESM and ZEB emphasize?
ZESM is most exposed to Finance, Industrials, and Non-Energy Materials. ZEB is most exposed to Finance.
How do the fees of ZESM and ZEB compare?
ZESM has an expense ratio of 0.35%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZESM and ZEB?
ZESM's largest holdings include Diploma Plc, Kokusai Electric Corp., and Taiyo Yuden Co., Ltd.. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZESM or ZEB?
ZESM holds 2051 securities, while ZEB holds 6. On holdings count, ZESM is the more diversified portfolio.
Recent articles about ZESM and ZEB
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