VS
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 Non-Energy Materials, while HBNK leans towards Finance. When evaluating costs, ZGD features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, ZGD has returned 7.13% year-to-date with +$24 M in net flows, whereas HBNK is at 32.84% with -$516 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
ZGD
HBNK
| AuM | $270.90 M | $733.38 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.60% | 0.10% |
| Tracking Difference | -0.73% | -0.42% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZGD | -8.67% | -12.40% | -7.13% | +65.56% | +248.39% |
HBNK | +1.96% | +16.00% | +32.84% | +68.52% | +147.88% | |
| Flows | ZGD | -$7 M | -$27 M | +$24 M | +$56 M | +$79 M |
HBNK | -$69 M | -$69 M | -$516 M | -$837 M | -$62 M |
ZGD vs HBNK exposure
Countries
ZGD
Canada
72.05%
USA
19.69%
Other
8.26%
HBNK
Canada
99.94%
Sectors
ZGD
Non-Energy Materials
97.83%
HBNK
Finance
99.94%
As of July 31, 2026
Top 10 Holdings
ZGD
Coeur Mining, Inc.
3.95%
Montage Gold Corp.
2.78%
Wesdome Gold Mines Ltd.
2.68%
Orezone Gold Corp.
2.62%
SSR Mining, Inc.
2.54%
Centerra Gold, Inc.
2.35%
Discovery Silver Corp.
2.26%
Southern Cross Gold Consolidated Ltd.
2.26%
Barrick Mining Corp.
2.22%
Newmont Corp.
2.22%
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
ZGD
Total weight of top 10 holdings out of 49 total
25.88%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
ZGD
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Global Gold Index - 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 | 0.24% | 2.56% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | July 5, 2023 |
Frequently asked questions about ZGD and HBNK
Which ETF has performed better year to date: ZGD or HBNK?
As of July 31, 2026, ZGD has returned -7.13% year to date, while HBNK has returned 32.84%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZGD or HBNK?
As of July 31, 2026, ZGD manages $270.90 M in assets, while HBNK manages $733.38 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 Non-Energy Materials. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZGD or HBNK?
Year to date, ZGD has seen +$23.79 M in net flows, compared with -$515.84 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., Montage Gold Corp., and Wesdome Gold Mines Ltd.. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZGD or HBNK?
ZGD holds 48 securities, while HBNK holds 6. On holdings count, ZGD is the more diversified portfolio.
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