ZGD
BMO Equal Weight Global Gold Index ETF

Full ZGD fund page
VS
HBNK
Global X Equal Weight Canadian Banks Index ETF

Full HBNK fund page

BMO Equal Weight Global Gold Index ETF (ZGD) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZGD focuses its top 3 sector exposures on Materials, while HBNK leans towards Financials. When evaluating costs, ZGD features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, ZGD has returned 15.35% year-to-date with +$50 M in net flows, whereas HBNK is at 12.88% with -$458 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

05101520%Mar 24Mar 31Apr 8Apr 15Apr 22

Key Data

Historical performance and flows

As of April 24, 2026
1M3MYTD1Y3Y
Perf.
ZGD
+14.47%-7.22%+15.35%+117.84%+288.51%
HBNK
+11.34%+12.07%+12.88%+68.08%-
Flows
ZGD
+$7 M+$19 M+$50 M+$56 M+$91 M
HBNK
-$199 M-$419 M-$458 M-$713 M-

ZGD vs HBNK exposure

Countries

ZGD
Canada
78.33%
USA
15.33%
HBNK
Canada
99.99%

Sectors

ZGD
Materials
70.38%
Other
29.62%
HBNK
Financials
99.99%
As of April 24, 2026

Top 10 Holdings

ZGD
COEUR MINING INC
3.54%
CA01921D2041
2.39%
MONTAGE GOLD
2.33%
WESDOME GOLD MINES
2.31%
COLLECTIVE MINING
2.24%
OREZONE GOLD
2.19%
FRANCO NEVADA
2.18%
CENTERRA GOLD
2.16%
CA04040Y1097
2.16%
NEWMONT CORP
2.15%
HBNK
ROYAL BK CANADA
17.11%
TORONTO DOMINION
16.89%
BNS
16.66%
BANK OF MONTREAL
16.52%
CDN IMPERIAL BK
16.47%
NATIONAL BANK OF CANADA
16.34%

Diversification

ZGD
Total weight of top 10 holdings out of 49 total
23.65%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%

Characteristics

Compare
ZGD
HBNK
ProviderBMOGlobal X
ManagementPassively managedPassively managed
BenchmarkSolactive Equal Weight Global Gold Index - CADSolactive Equal Weight Canada Banks GTR Index - CAD
Replication MethodDirect (Physical)Direct (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield0.19%2.91%
Meets ESG criteriaNoNo
Inception DateNovember 14, 2012July 5, 2023

Frequently asked questions about ZGD and HBNK

Which ETF has performed better year to date: ZGD or HBNK?
As of April 24, 2026, ZGD has returned 15.35% year to date, while HBNK has returned 12.88%. ZGD is ahead on YTD performance.
Which ETF is larger by assets under management: ZGD or HBNK?
As of April 24, 2026, ZGD manages $367.71 M in assets, while HBNK manages $674.13 M. HBNK is the larger fund by AUM.
How are ZGD and HBNK managed?
ZGD is passively managed by BMO. It tracks the Solactive Equal Weight Global Gold Index - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZGD and HBNK emphasize?
ZGD is most exposed to Materials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: ZGD or HBNK?
Year to date, ZGD has seen +$50.44 M in net flows, compared with -$457.71 M for HBNK. ZGD has attracted more net investor money so far.
How do the fees of ZGD and HBNK compare?
ZGD has an expense ratio of 0.60%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZGD and HBNK?
ZGD's largest holdings include COEUR MINING INC and MONTAGE GOLD. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: ZGD or HBNK?
ZGD holds 35 securities, while HBNK holds 6. On holdings count, ZGD is the more diversified portfolio.

Recent articles about ZGD and HBNK

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