VS
BMO SIA Focused Canadian Equity Fund ETF (ZFC) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) 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 HEWB leans towards Finance. When evaluating costs, ZFC features a management fee (MER) of 0.75%, compared to 0.28% for HEWB. Performance-wise, ZFC has returned 22.01% year-to-date with -$8 M in net flows, whereas HEWB is at 35.73% with +$23 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
HEWB
| AuM | $86.69 M | $353.97 M |
| Management Fees | 0.75% | 0.28% |
| Exp. ratio | 0.84% | 0.28% |
| Tracking Difference | - | -0.83% |
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% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | ZFC | +$3 M | -$7 M | -$8 M | -$2 M | +$4 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
ZFC vs HEWB exposure
Countries
ZFC
Canada
89.62%
Other
10.38%
HEWB
Canada
100.00%
Sectors
ZFC
Industrials
30.83%
Finance
23.24%
Energy
22.36%
Other
23.57%
HEWB
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%
HEWB
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%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZFC
HEWB
| 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 | Capitalization |
| Trailing 12m distribution yield | 0.13% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | December 11, 2018 | January 23, 2019 |
Frequently asked questions about ZFC and HEWB
Which ETF has performed better year to date: ZFC or HEWB?
As of July 17, 2026, ZFC has returned 22.01% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZFC or HEWB?
As of July 17, 2026, ZFC manages $86.69 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are ZFC and HEWB managed?
ZFC is actively managed by BMO. It does not track an index. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZFC and HEWB emphasize?
ZFC is most exposed to Industrials, Finance, and Energy. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: ZFC or HEWB?
Year to date, ZFC has seen -$7.55 M in net flows, compared with +$23.13 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of ZFC and HEWB compare?
ZFC has an expense ratio of 0.84%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of ZFC and HEWB?
ZFC's largest holdings include Exchange Income Corp., MDA Space Ltd., and Aritzia, Inc.. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZFC or HEWB?
ZFC holds 17 securities, while HEWB holds 6. On holdings count, ZFC is the more diversified portfolio.
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