VS
BMO SIA Focused Canadian Equity Fund ETF (ZFC) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZFC focuses its top 3 sector exposures on Industrials, Finance, and Energy, while HBNK leans towards Finance. When evaluating costs, ZFC features a management fee (MER) of 0.75%, compared to 0.09% for HBNK. Performance-wise, ZFC has returned 22.01% year-to-date with -$8 M in net flows, whereas HBNK is at 35.86% with -$461 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
ZFC
HBNK
| AuM | $86.69 M | $807.27 M |
| Management Fees | 0.75% | 0.09% |
| Exp. ratio | 0.84% | 0.10% |
| Tracking Difference | - | -0.44% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZFC | +2.50% | +9.68% | +22.01% | +32.89% | +56.58% |
HBNK | +6.04% | +19.91% | +35.86% | +71.53% | +159.08% | |
| Flows | ZFC | +$3 M | -$7 M | -$8 M | -$2 M | +$4 M |
HBNK | -$44 M | +$39 M | -$461 M | -$767 M | +$3 M |
ZFC vs HBNK exposure
Countries
ZFC
Canada
89.62%
Other
10.38%
HBNK
Canada
100.00%
Sectors
ZFC
Industrials
30.83%
Finance
23.24%
Energy
22.36%
Other
23.57%
HBNK
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
ZFC
Exchange Income Corp.
6.67%
MDA Space Ltd.
6.62%
Aritzia, Inc.
6.38%
Finning International, Inc.
6.24%
TFI International, Inc.
6.20%
BlackBerry Ltd.
6.11%
AltaGas Ltd.
6.11%
Power Corp of Canada
5.90%
Tamarack Valley Energy Ltd.
5.88%
IGM Financial, Inc.
5.86%
HBNK
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
ZFC
Total weight of top 10 holdings out of 17 total
61.97%
HBNK
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZFC
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 | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.13% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | December 11, 2018 | July 5, 2023 |
Frequently asked questions about ZFC and HBNK
Which ETF has performed better year to date: ZFC or HBNK?
As of July 17, 2026, ZFC has returned 22.01% year to date, while HBNK has returned 35.86%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZFC or HBNK?
As of July 17, 2026, ZFC manages $86.69 M in assets, while HBNK manages $807.27 M. HBNK is the larger fund by AUM.
How are ZFC and HBNK managed?
ZFC 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 ZFC and HBNK emphasize?
ZFC is most exposed to Industrials, Finance, and Energy. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZFC or HBNK?
Year to date, ZFC has seen -$7.55 M in net flows, compared with -$461.23 M for HBNK. ZFC has attracted more net investor money so far.
How do the fees of ZFC and HBNK compare?
ZFC has an expense ratio of 0.84%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZFC and HBNK?
ZFC's largest holdings include Exchange Income Corp., MDA Space Ltd., and Aritzia, Inc.. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZFC or HBNK?
ZFC holds 17 securities, while HBNK holds 6. On holdings count, ZFC is the more diversified portfolio.
Recent articles about ZFC and HBNK
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