VS
BMO Long Provincial Bond Index ETF (ZPL) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZPL focuses its top 3 sector exposures on Municipal and Power, while ZEB leans towards Financials. When evaluating costs, ZPL features a management fee (MER) of 0.25%, compared to 0.25% for ZEB. Performance-wise, ZPL has returned 1.04% year-to-date with -$101 M in net flows, whereas ZEB is at 21.68% with -$1,123 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
ZEB
| AuM | $207.05 M | $5,430.65 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | - | -0.62% |
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% |
ZEB | +5.67% | +18.78% | +21.68% | +62.80% | +140.12% | |
| Flows | ZPL | -$5 M | -$129 M | -$101 M | -$128 M | +$13 M |
ZEB | -$9 M | -$208 M | -$1,123 M | -$1,066 M | -$1,888 M |
ZPL vs ZEB exposure
Countries
ZPL
Canada
100.00%
ZEB
Canada
100.00%
Sectors
ZPL
Municipal
96.64%
ZEB
Financials
100.00%
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%
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
ZPL
Total weight of top 10 holdings out of 48 total
54.18%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZPL
ZEB
| Provider | BMO | BMO |
| 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% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | October 20, 2009 |
Frequently asked questions about ZPL and ZEB
Which ETF has performed better year to date: ZPL or ZEB?
As of June 8, 2026, ZPL has returned 1.04% year to date, while ZEB has returned 21.68%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZPL or ZEB?
As of June 8, 2026, ZPL manages $207.05 M in assets, while ZEB manages $5.43 B. ZEB is the larger fund by AUM.
How are ZPL and ZEB managed?
ZPL is passively managed by BMO. It tracks the FTSE Canada Long Term Provincial Bond TR Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZPL and ZEB emphasize?
ZPL is most exposed to Municipal and Power. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: ZPL or ZEB?
Year to date, ZPL has seen -$101.04 M in net flows, compared with -$1,122.69 M for ZEB. ZPL has attracted more net investor money so far.
How do the fees of ZPL and ZEB compare?
ZPL has an expense ratio of 0.28%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZPL and ZEB?
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). ZEB's top holdings include TORONTO DOMINION, CDN IMPERIAL BK, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: ZPL or ZEB?
ZPL holds 46 securities, while ZEB holds 6. On holdings count, ZPL is the more diversified portfolio.
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