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Compare BMO Equal Weight Industrials Index ETF (ZIN) vs Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) to find the best fit for your portfolio. ZIN provides Industrials, Energy, and Utilities exposures, while HEWB is primarily weighted in Financials. When evaluating costs, ZIN features a management fee (MER) of 0.55%, compared to 0.28% for HEWB. Performance-wise, ZIN has returned 21.32% year-to-date with +$3 M in net flows, whereas HEWB is at 28.79% with +$14 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
ZIN
HEWB
| AuM | $55.64 M | $326.90 M |
| Management Fees | 0.55% | 0.28% |
| Exp. ratio | 0.61% | 0.28% |
| Tracking Difference | -0.89% | -0.78% |
Historical performance and flows
As of June 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZIN | +3.16% | +13.88% | +21.32% | +39.14% | +75.55% |
HEWB | +10.74% | +26.59% | +28.79% | +71.89% | +149.65% | |
| Flows | ZIN | +$0 M | -$0 M | +$3 M | +$5 M | -$50 M |
HEWB | +$2 M | +$10 M | +$14 M | +$11 M | +$16 M |
ZIN vs HEWB exposure
Countries
ZIN
Canada
100.00%
HEWB
Canada
99.99%
Sectors
ZIN
Industrials
63.50%
Other
15.82%
Energy
10.77%
Other
9.90%
HEWB
Financials
99.99%
As of June 18, 2026
Top 10 Holdings
ZIN
CA1130061007
5.16%
BIRD CONSTRUCTION
3.94%
HAMMOND POWER SOLUTIONS
3.72%
NFI GROUP INC
3.27%
TFI INTERNATIONAL INC
3.24%
AECON GROUP
3.13%
ENERFLEX
3.10%
MULLEN GROUP
3.08%
CA8139211038
3.05%
SAVARIA
2.95%
HEWB
ROYAL BK CANADA
17.10%
TORONTO DOMINION
16.90%
BNS
16.65%
BANK OF MONTREAL
16.51%
CDN IMPERIAL BK
16.48%
NATIONAL BANK OF CANADA
16.35%
Diversification
ZIN
Total weight of top 10 holdings out of 36 total
34.63%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
ZIN
HEWB
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Industrials Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 0.96% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | January 23, 2019 |
Frequently asked questions about ZIN and HEWB
Which ETF has performed better year to date: ZIN or HEWB?
As of June 18, 2026, ZIN has returned 21.32% year to date, while HEWB has returned 28.79%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZIN or HEWB?
As of June 18, 2026, ZIN manages $55.64 M in assets, while HEWB manages $326.90 M. HEWB is the larger fund by AUM.
How are ZIN and HEWB managed?
ZIN is passively managed by BMO. It tracks the Solactive Equal Weight Canada Industrials Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZIN and HEWB emphasize?
ZIN is most exposed to Industrials, Energy, and Utilities. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: ZIN or HEWB?
Year to date, ZIN has seen +$2.63 M in net flows, compared with +$14.05 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of ZIN and HEWB compare?
ZIN has an expense ratio of 0.61%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of ZIN and HEWB?
ZIN's largest holdings include BIRD CONSTRUCTION and HAMMOND POWER SOLUTIONS. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: ZIN or HEWB?
ZIN holds 32 securities, while HEWB holds 6. On holdings count, ZIN is the more diversified portfolio.
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