VS
BMO Long Provincial Bond Index ETF (ZPL) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZPL focuses its top 3 sector exposures on Municipal and Power, while HBNK leans towards Financials. When evaluating costs, ZPL features a management fee (MER) of 0.25%, compared to 0.09% for HBNK. Performance-wise, ZPL has returned 1.04% year-to-date with -$101 M in net flows, whereas HBNK is at 21.73% with -$415 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
ZPL
HBNK
| AuM | $207.05 M | $768.47 M |
| Management Fees | 0.25% | 0.09% |
| Exp. ratio | 0.28% | 0.10% |
| Tracking Difference | - | -0.41% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPL | -0.72% | -0.07% | +1.04% | +2.38% | +7.36% |
HBNK | +5.68% | +18.79% | +21.73% | +63.01% | - | |
| Flows | ZPL | -$5 M | -$129 M | -$101 M | -$128 M | +$13 M |
HBNK | +$32 M | -$201 M | -$415 M | -$667 M | - |
ZPL vs HBNK exposure
Countries
ZPL
Canada
100.00%
HBNK
Canada
99.93%
Sectors
ZPL
Municipal
96.64%
HBNK
Financials
99.93%
As of June 8, 2026
Top 10 Holdings
ZPL
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
7.91%
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
7.14%
Province of Quebec, 3.1% 1dec2051, CAD (B125-01)
6.39%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
6.27%
Province of Ontario, 3.5% 2jun2043, CAD (DMTN214)
5.18%
Province of Ontario, 2.8% 2jun2048, CAD (DMTN231)
5.01%
Province of Quebec, 3.5% 1dec2045, CAD (B112)
5.00%
Province of Quebec, 4.25% 1dec2043, CAD (B106)
4.03%
Province of Ontario, 2.9% 2jun2049, CAD (DMTN236)
3.79%
Province of Ontario, 4.65% 2jun2041, CAD (DMTN204)
3.46%
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
Diversification
ZPL
Total weight of top 10 holdings out of 48 total
54.18%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
ZPL
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Long Term Provincial Bond TR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.61% | 2.75% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | July 5, 2023 |
Frequently asked questions about ZPL and HBNK
Which ETF has performed better year to date: ZPL or HBNK?
As of June 8, 2026, ZPL has returned 1.04% year to date, while HBNK has returned 21.73%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZPL or HBNK?
As of June 8, 2026, ZPL manages $207.05 M in assets, while HBNK manages $768.47 M. HBNK is the larger fund by AUM.
How are ZPL and HBNK managed?
ZPL is passively managed by BMO. It tracks the FTSE Canada Long Term Provincial Bond TR 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 ZPL and HBNK emphasize?
ZPL is most exposed to Municipal and Power. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: ZPL or HBNK?
Year to date, ZPL has seen -$101.04 M in net flows, compared with -$414.79 M for HBNK. ZPL has attracted more net investor money so far.
How do the fees of ZPL and HBNK compare?
ZPL has an expense ratio of 0.28%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZPL and HBNK?
ZPL's largest holdings include Province of Ontario, 3.45% 2jun2045, CAD (DMTN220), Province of Ontario, 2.9% 2dec2046, CAD (DMTN228), and Province of Quebec, 3.1% 1dec2051, CAD (B125-01). HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: ZPL or HBNK?
ZPL holds 46 securities, while HBNK holds 6. On holdings count, ZPL is the more diversified portfolio.
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