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BMO MSCI India Selection Equity Index ETF (ZID) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZID focuses its top 3 sector exposures on Energy, Non-Energy Materials, and Finance, while ZEB leans towards Finance. When evaluating costs, ZID features a management fee (MER) of 0.6%, compared to 0.25% for ZEB. Performance-wise, ZID has returned 15.44% year-to-date with -$33 M in net flows, whereas ZEB is at 29.29% with +$114 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
ZID
ZEB
| AuM | $152.97 M | $6,918.89 M |
| Management Fees | 0.60% | 0.25% |
| Exp. ratio | 0.67% | 0.28% |
| Tracking Difference | -0.31% | -0.51% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZID | +1.73% | -1.31% | -15.44% | -17.61% | +6.05% |
ZEB | -0.38% | -5.07% | +29.29% | +45.06% | +164.94% | |
| Flows | ZID | -$10 M | -$21 M | -$33 M | -$28 M | +$56 M |
ZEB | -$450 M | -$94 M | +$114 M | +$753 M | -$879 M |
ZID vs ZEB exposure
Countries
ZID
India
100.00%
ZEB
Canada
100.00%
Sectors
ZID
Energy
18.48%
Non-Energy Materials
15.65%
Finance
14.88%
Consumer Cyclicals
12.74%
Technology
11.18%
Consumer Non-Cyclicals
9.25%
Other
17.82%
ZEB
Finance
100.00%
As of October 16, 2026
Top 10 Holdings
ZID
Reliance Industries Ltd.
17.14%
Infosys Ltd.
7.63%
Mahindra & Mahindra Ltd.
6.38%
Axis Bank Ltd.
6.37%
Kotak Mahindra Bank Ltd.
5.07%
Hindustan Unilever Ltd.
3.10%
Hindalco Industries Ltd.
2.91%
UltraTech Cement Ltd.
2.62%
HCL Technologies Ltd.
2.54%
Power Grid Corp. of India Ltd.
2.44%
ZEB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
ZID
Total weight of top 10 holdings out of 53 total
56.20%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZID
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI India Selection 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 | 0.81% | 2.38% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 19, 2010 | October 20, 2009 |
Frequently asked questions about ZID and ZEB
Which ETF has performed better year to date: ZID or ZEB?
As of October 16, 2026, ZID has returned -15.44% year to date, while ZEB has returned 29.29%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZID or ZEB?
As of October 16, 2026, ZID manages $152.97 M in assets, while ZEB manages $6.92 B. ZEB is the larger fund by AUM.
How are ZID and ZEB managed?
ZID is passively managed by BMO. It tracks the MSCI India Selection Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZID and ZEB emphasize?
ZID is most exposed to Energy, Non-Energy Materials, and Finance. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: ZID or ZEB?
Year to date, ZID has seen -$33.32 M in net flows, compared with +$114.06 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of ZID and ZEB compare?
ZID has an expense ratio of 0.67%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZID and ZEB?
ZID's largest holdings include Reliance Industries Ltd., Infosys Ltd., and Mahindra & Mahindra Ltd.. ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: ZID or ZEB?
ZID holds 53 securities, while ZEB holds 6. On holdings count, ZID is the more diversified portfolio.
Recent articles about ZID and ZEB
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