VS
BMO Mid-Term US IG Corporate Bond Index ETF (ZMU) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZMU focuses its top 3 sector exposures on Banks, Pharmaceutical preparation and biotechnology, and Pipelines, while HBNK leans towards Finance. When evaluating costs, ZMU features a management fee (MER) of 0.25%, compared to 0.09% for HBNK. Performance-wise, ZMU has returned 0.94% year-to-date with +$253 M in net flows, whereas HBNK is at 35.86% 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
ZMU
HBNK
| AuM | $3,600.62 M | $807.27 M |
| Management Fees | 0.25% | 0.09% |
| Exp. ratio | 0.28% | 0.10% |
| Tracking Difference | -0.25% | -0.44% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMU | -0.14% | -1.17% | -0.94% | +2.64% | +12.76% |
HBNK | +6.04% | +19.91% | +35.86% | +71.53% | +159.08% | |
| Flows | ZMU | +$25 M | +$83 M | +$253 M | +$496 M | +$759 M |
HBNK | -$44 M | +$39 M | -$461 M | -$767 M | +$3 M |
ZMU vs HBNK exposure
Countries
ZMU
USA
58.29%
Other
29.63%
Other
12.08%
HBNK
Canada
100.00%
Sectors
ZMU
Other
29.63%
Banks
14.59%
Other
55.78%
HBNK
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
ZMU
US30303MAD48
0.71%
US023135DF00
0.65%
Bank of America Corporation, 5.288% 25apr2034, USD (N)
0.56%
Bank of America Corporation, 5.468% 23jan2035, USD (N)
0.56%
Pfizer, 4.75% 19may2033, USD
0.55%
Bank of America Corporation, 5.015% 22jul2033, USD (N)
0.54%
US68389XDZ50
0.52%
JP Morgan, 5.35% 1jun2034, USD
0.50%
Wells Fargo, 5.557% 25jul2034, USD (W)
0.49%
US79466LAU89
0.49%
HBNK
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
ZMU
Total weight of top 10 holdings out of 706 total
5.56%
HBNK
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZMU
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Hedged to CAD Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.51% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | March 20, 2013 | July 5, 2023 |
Frequently asked questions about ZMU and HBNK
Which ETF has performed better year to date: ZMU or HBNK?
As of July 17, 2026, ZMU has returned -0.94% year to date, while HBNK has returned 35.86%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZMU or HBNK?
As of July 17, 2026, ZMU manages $3.60 B in assets, while HBNK manages $807.27 M. ZMU is the larger fund by AUM.
How are ZMU and HBNK managed?
ZMU is passively managed by BMO. It tracks the Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Hedged to CAD Total Return 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 ZMU and HBNK emphasize?
ZMU is most exposed to Banks, Pharmaceutical preparation and biotechnology, and Pipelines. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZMU or HBNK?
Year to date, ZMU has seen +$252.82 M in net flows, compared with -$461.23 M for HBNK. ZMU has attracted more net investor money so far.
How do the fees of ZMU and HBNK compare?
ZMU has an expense ratio of 0.28%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZMU and HBNK?
ZMU's largest holdings include Bank of America Corporation, 5.288% 25apr2034, USD (N) and Bank of America Corporation, 5.468% 23jan2035, USD (N). HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZMU or HBNK?
ZMU holds 520 securities, while HBNK holds 6. On holdings count, ZMU is the more diversified portfolio.
Recent articles about ZMU and HBNK
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.