VS
BMO Laddered Preferred Share Index ETF (ZPR) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) 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 HEWB leans towards Financials. When evaluating costs, ZPR features a management fee (MER) of 0.45%, compared to 0.28% for HEWB. Performance-wise, ZPR has returned 4.85% year-to-date with -$12 M in net flows, whereas HEWB is at 14.46% with +$12 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
HEWB
| AuM | $1,549.93 M | $288.82 M |
| Management Fees | 0.45% | 0.28% |
| Exp. ratio | 0.50% | 0.28% |
| Tracking Difference | -0.80% | -0.80% |
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% |
HEWB | +10.90% | +13.00% | +14.46% | +66.21% | +117.59% | |
| Flows | ZPR | +$12 M | +$32 M | -$12 M | +$17 M | -$457 M |
HEWB | +$8 M | +$9 M | +$12 M | +$7 M | -$3 M |
ZPR vs HEWB exposure
Countries
ZPR
Canada
98.25%
HEWB
Canada
99.99%
Sectors
ZPR
Financials
25.82%
Energy
24.03%
Utilities
17.98%
Other
16.96%
Communication Services
9.60%
HEWB
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%
HEWB
ROYAL BK CANADA
17.10%
TORONTO DOMINION
16.90%
BNS
16.65%
BANK OF MONTREAL
16.51%
CDN IMPERIAL BK
16.48%
NATIONAL BANK OF CANADA
16.35%
Diversification
ZPR
Total weight of top 10 holdings out of 118 total
16.28%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
ZPR
HEWB
| 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 | Capitalization |
| Trailing 12m distribution yield | 5.03% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | January 23, 2019 |
Frequently asked questions about ZPR and HEWB
Which ETF has performed better year to date: ZPR or HEWB?
As of May 1, 2026, ZPR has returned 4.85% year to date, while HEWB has returned 14.46%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZPR or HEWB?
As of May 1, 2026, ZPR manages $1.55 B in assets, while HEWB manages $288.82 M. ZPR is the larger fund by AUM.
How are ZPR and HEWB managed?
ZPR is passively managed by BMO. It tracks the Solactive Laddered Canadian Preferred Share Total Return Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZPR and HEWB emphasize?
ZPR is most exposed to Financials, Energy, and Utilities. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: ZPR or HEWB?
Year to date, ZPR has seen -$12.20 M in net flows, compared with +$12.19 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of ZPR and HEWB compare?
ZPR has an expense ratio of 0.50%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of ZPR and HEWB?
ZPR's largest holdings include BROOKFIELD OFFICE PROPERTIES INC PRF and TC ENERGY CORP PRF. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: ZPR or HEWB?
ZPR holds 96 securities, while HEWB holds 6. On holdings count, ZPR is the more diversified portfolio.
Recent articles about ZPR and HEWB
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.