VS
When evaluating costs, ZPAY features a management fee (MER) of 0.65%, compared to 0.65% for ZWB. Performance-wise, ZPAY has returned 4.61% year-to-date with +$46 M in net flows, whereas ZWB is at 19.05% with +$10 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
ZPAY
ZWB
| AuM | $429.28 M | $4,424.13 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 0.71% | 0.72% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPAY | +2.22% | +6.14% | +4.61% | +12.20% | +35.46% |
ZWB | +5.84% | +16.04% | +19.05% | +52.80% | +105.08% | |
| Flows | ZPAY | +$2 M | +$24 M | +$46 M | +$59 M | +$101 M |
ZWB | -$5 M | -$16 M | +$10 M | -$23 M | -$217 M |
ZPAY vs ZWB exposure
Countries
ZPAY
Exposure data will be available soon
ZWB
Canada
100.25%
Sectors
ZPAY
Exposure data will be available soon
ZWB
Financials
100.25%
As of June 10, 2026
Top 10 Holdings
ZPAY
Exposure data will be available soon
ZWB
NATIONAL BANK OF CANADA
17.03%
CDN IMPERIAL BK
16.97%
TORONTO DOMINION
16.92%
BNS
16.47%
BANK OF MONTREAL
16.44%
ROYAL BK CANADA
16.43%
Diversification
ZPAY
Exposure data will be available soon
ZWB
Total weight of top 10 holdings out of 6 total
100.25%
Characteristics
Frequently asked questions about ZPAY and ZWB
Which ETF has performed better year to date: ZPAY or ZWB?
As of June 10, 2026, ZPAY has returned 4.61% year to date, while ZWB has returned 19.05%. ZWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZPAY or ZWB?
As of June 10, 2026, ZPAY manages $429.28 M in assets, while ZWB manages $4.42 B. ZWB is the larger fund by AUM.
How are ZPAY and ZWB managed?
ZPAY is actively managed by BMO. It does not track an index. ZWB is actively managed by BMO. It does not track an index.
Which ETF is attracting more investor flows: ZPAY or ZWB?
Year to date, ZPAY has seen +$46.17 M in net flows, compared with +$9.79 M for ZWB. ZPAY has attracted more net investor money so far.
How do the fees of ZPAY and ZWB compare?
ZPAY has an expense ratio of 0.71%, while ZWB has an expense ratio of 0.72%.
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