VS
BMO Laddered Preferred Share Index ETF (ZPR) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZPR focuses its top 3 sector exposures on Financials, Energy, and Utilities, while HBNK leans towards Financials. When evaluating costs, ZPR features a management fee (MER) of 0.45%, compared to 0.09% for HBNK. Performance-wise, ZPR has returned 4.85% year-to-date with -$12 M in net flows, whereas HBNK is at 14.52% with -$446 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
ZPR
HBNK
| AuM | $1,549.93 M | $694.07 M |
| Management Fees | 0.45% | 0.09% |
| Exp. ratio | 0.50% | 0.10% |
| Tracking Difference | -0.80% | -0.43% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPR | +2.89% | +4.20% | +4.85% | +24.62% | +66.77% |
HBNK | +10.86% | +13.01% | +14.52% | +66.58% | - | |
| Flows | ZPR | +$12 M | +$32 M | -$12 M | +$17 M | -$457 M |
HBNK | -$204 M | -$396 M | -$446 M | -$703 M | - |
ZPR vs HBNK exposure
Countries
ZPR
Canada
98.25%
HBNK
Canada
99.99%
Sectors
ZPR
Financials
25.82%
Energy
24.03%
Utilities
17.98%
Other
16.96%
Communication Services
9.60%
HBNK
Financials
99.99%
As of May 1, 2026
Top 10 Holdings
ZPR
BCE CUM RED FST SRS AK PRF
2.41%
ENBRIDGE INC
1.88%
NATIONAL BANK OF CANADA
1.69%
CA11271J6850
1.54%
INTACT NON CUM RT RES CL A SRS 3 PRF
1.49%
TORONTO-DOMINION BANK PRF
1.48%
TC ENERGY CORP CUM RED FIRST SR 5 PRF
1.48%
FORTIS INC CUM RED FXD PRF M
1.45%
TC ENERGY CORP PRF
1.43%
POWER FI 4.40% NON CUM 5 YR SR P PRF
1.42%
HBNK
ROYAL BK CANADA
17.11%
TORONTO DOMINION
16.89%
BNS
16.66%
BANK OF MONTREAL
16.52%
CDN IMPERIAL BK
16.47%
NATIONAL BANK OF CANADA
16.34%
Diversification
ZPR
Total weight of top 10 holdings out of 118 total
16.28%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
ZPR
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Laddered Canadian Preferred Share Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.03% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | July 5, 2023 |
Frequently asked questions about ZPR and HBNK
Which ETF has performed better year to date: ZPR or HBNK?
As of May 1, 2026, ZPR has returned 4.85% year to date, while HBNK has returned 14.52%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZPR or HBNK?
As of May 1, 2026, ZPR manages $1.55 B in assets, while HBNK manages $694.07 M. ZPR is the larger fund by AUM.
How are ZPR and HBNK managed?
ZPR is passively managed by BMO. It tracks the Solactive Laddered Canadian Preferred Share 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 ZPR and HBNK emphasize?
ZPR is most exposed to Financials, Energy, and Utilities. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: ZPR or HBNK?
Year to date, ZPR has seen -$12.20 M in net flows, compared with -$446.18 M for HBNK. ZPR has attracted more net investor money so far.
How do the fees of ZPR and HBNK compare?
ZPR has an expense ratio of 0.50%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZPR and HBNK?
ZPR's largest holdings include BROOKFIELD OFFICE PROPERTIES INC PRF and TC ENERGY CORP PRF. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: ZPR or HBNK?
ZPR holds 96 securities, while HBNK holds 6. On holdings count, ZPR is the more diversified portfolio.
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