When evaluating costs, ZPW features a management fee (MER) of 0.65%, compared to 0.69% for NHYB. Performance-wise, ZPW has returned 7.96% year-to-date with +$19 M in net flows, whereas NHYB is at 2.16% with +$179 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
ZPW
NHYB
| AuM | $107.18 M | $1,526.30 M |
| Management Fees | 0.65% | 0.69% |
| Exp. ratio | 0.71% | 0.68% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPW | -0.58% | +4.37% | +7.96% | +11.97% | +36.05% |
NHYB | -0.41% | -0.93% | -2.16% | -2.61% | +3.67% | |
| Flows | ZPW | +$2 M | +$0 M | +$19 M | +$29 M | +$43 M |
NHYB | +$48 M | +$88 M | +$179 M | +$257 M | +$426 M |
ZPW vs NHYB exposure
Countries
ZPW
Other
100.00%
NHYB
Other
100.00%
Sectors
ZPW
Other
100.00%
NHYB
Other
100.00%
As of September 4, 2026
Top 10 Holdings
ZPW
CA05581B1013
96.40%
NHYB
US698ESCAA82
80.00%
Diversification
ZPW
Total weight of top 10 holdings out of 1 total
96.40%
NHYB
Total weight of top 10 holdings out of 1 total
80.00%
Characteristics
Compare
ZPW
NHYB
| Provider | BMO | National Bank Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 9.44% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 2, 2015 | March 4, 2020 |
Frequently asked questions about ZPW and NHYB
Which ETF has performed better year to date: ZPW or NHYB?
As of September 4, 2026, ZPW has returned 7.96% year to date, while NHYB has returned -2.16%. ZPW is ahead on YTD performance.
Which ETF is larger by assets under management: ZPW or NHYB?
As of September 4, 2026, ZPW manages $107.18 M in assets, while NHYB manages $1.53 B. NHYB is the larger fund by AUM.
How are ZPW and NHYB managed?
ZPW is actively managed by BMO. It does not track an index. NHYB is actively managed by National Bank Investments. It does not track an index.
Which ETF is attracting more investor flows: ZPW or NHYB?
Year to date, ZPW has seen +$18.81 M in net flows, compared with +$178.57 M for NHYB. NHYB has attracted more net investor money so far.
How do the fees of ZPW and NHYB compare?
ZPW has an expense ratio of 0.71%, while NHYB has an expense ratio of 0.68%.
Which ETF is more diversified: ZPW or NHYB?
ZPW holds 1 securities, while NHYB holds 1. On holdings count, ZPW is the more diversified portfolio.
Recent articles about ZPW and NHYB
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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.