VS
BMO Growth ETF (ZGRO.T) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZGRO.T focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while HBNK leans towards Financials. When evaluating costs, ZGRO.T features a management fee (MER) of 0.2%, compared to 0.09% for HBNK. Performance-wise, ZGRO.T has returned 5.28% year-to-date with +$44 M in net flows, whereas HBNK is at 12.23% 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
ZGRO.T
HBNK
| AuM | $83.39 M | $667.35 M |
| Management Fees | 0.20% | 0.09% |
| Exp. ratio | 0.20% | 0.10% |
| Tracking Difference | - | -0.37% |
Historical performance and flows
As of April 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZGRO.T | +6.32% | +2.47% | +5.28% | +29.21% | +58.00% |
HBNK | +11.05% | +10.64% | +12.23% | +69.02% | - | |
| Flows | ZGRO.T | +$24 M | +$43 M | +$44 M | +$59 M | +$76 M |
HBNK | -$209 M | -$418 M | -$461 M | -$716 M | - |
ZGRO.T vs HBNK exposure
Countries
ZGRO.T
USA
43.18%
Canada
34.33%
Other
22.49%
HBNK
Canada
99.99%
Sectors
ZGRO.T
Information Technology
16.93%
Financials
14.19%
Industrials
7.86%
Other
7.25%
Sovereign
7.09%
Other
46.68%
HBNK
Financials
99.99%
As of April 22, 2026
Top 10 Holdings
ZGRO.T
Canada, Bond 0.5 1oct2030 10Y
2.69%
NVIDIA
2.61%
APPLE
2.35%
MICROSOFT-T
1.73%
ROYAL BK CANADA
1.33%
AMAZON.COM INC
1.28%
ALPHABET INC-CL
1.04%
CMHC, 1.9% 15mar2031, CAD (100)
1.01%
TWN SEMICONT MAN
0.95%
TORONTO DOMINION
0.93%
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
ZGRO.T
Total weight of top 10 holdings out of 19,770 total
15.91%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
ZGRO.T
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, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.31% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2023 | July 5, 2023 |
Frequently asked questions about ZGRO.T and HBNK
Which ETF has performed better year to date: ZGRO.T or HBNK?
As of April 22, 2026, ZGRO.T has returned 5.28% year to date, while HBNK has returned 12.23%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZGRO.T or HBNK?
As of April 22, 2026, ZGRO.T manages $83.39 M in assets, while HBNK manages $667.35 M. HBNK is the larger fund by AUM.
How are ZGRO.T and HBNK managed?
ZGRO.T 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 ZGRO.T and HBNK emphasize?
ZGRO.T is most exposed to Information Technology, Financials, and Industrials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: ZGRO.T or HBNK?
Year to date, ZGRO.T has seen +$44.43 M in net flows, compared with -$460.61 M for HBNK. ZGRO.T has attracted more net investor money so far.
How do the fees of ZGRO.T and HBNK compare?
ZGRO.T has an expense ratio of 0.20%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZGRO.T and HBNK?
ZGRO.T's largest holdings include Canada, Bond 0.5 1oct2030 10Y and NVIDIA. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: ZGRO.T or HBNK?
ZGRO.T holds 10487 securities, while HBNK holds 6. On holdings count, ZGRO.T is the more diversified portfolio.
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