VS
BMO High Quality Corporate Bond Index ETF (ZQB) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZQB focuses its top 3 sector exposures on Banks, Power, and Other financial institutions, while HBNK leans towards Finance. When evaluating costs, ZQB features a management fee (MER) of 0.1%, compared to 0.09% for HBNK. Performance-wise, ZQB has returned 1.31% year-to-date with +$46 M in net flows, whereas HBNK is at 32.72% with -$462 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
ZQB
HBNK
| AuM | $88.81 M | $787.51 M |
| Management Fees | 0.10% | 0.09% |
| Exp. ratio | 0.11% | 0.10% |
| Tracking Difference | - | -0.44% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZQB | -0.15% | +0.52% | +1.31% | +3.68% | +18.92% |
HBNK | +1.99% | +16.52% | +32.72% | +67.44% | +149.42% | |
| Flows | ZQB | +$4 M | +$12 M | +$46 M | +$54 M | +$66 M |
HBNK | -$33 M | +$8 M | -$462 M | -$768 M | -$7 M |
ZQB vs HBNK exposure
Countries
ZQB
Canada
82.11%
Other
16.51%
HBNK
Canada
99.94%
Sectors
ZQB
Banks
51.62%
Other
16.51%
Power
8.22%
Other
23.65%
HBNK
Finance
99.94%
As of July 20, 2026
Top 10 Holdings
ZQB
Bank of Montreal, 3.19% 1mar2028, CAD
5.50%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
3.54%
Bank of Nova Scotia, 3.1% 2feb2028, CAD
3.43%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
2.85%
Bank of Montreal, 4.537% 18dec2028, CAD
2.82%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
2.81%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
2.79%
CA89116CQ341
2.77%
CA779926WF74
2.73%
Brookfield Finance II, 5.431% 14dec2032, CAD
2.20%
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
Diversification
ZQB
Total weight of top 10 holdings out of 63 total
31.43%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
ZQB
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 1-10 year A+ Corporate Bond GTR 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 | 3.94% | 2.54% |
| Meets ESG criteria | No | No |
| Inception Date | February 11, 2020 | July 5, 2023 |
Frequently asked questions about ZQB and HBNK
Which ETF has performed better year to date: ZQB or HBNK?
As of July 20, 2026, ZQB has returned 1.31% year to date, while HBNK has returned 32.72%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZQB or HBNK?
As of July 20, 2026, ZQB manages $88.81 M in assets, while HBNK manages $787.51 M. HBNK is the larger fund by AUM.
How are ZQB and HBNK managed?
ZQB is passively managed by BMO. It tracks the FTSE Canada 1-10 year A+ Corporate Bond GTR 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 ZQB and HBNK emphasize?
ZQB is most exposed to Banks, Power, and Other financial institutions. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZQB or HBNK?
Year to date, ZQB has seen +$46.11 M in net flows, compared with -$462.37 M for HBNK. ZQB has attracted more net investor money so far.
How do the fees of ZQB and HBNK compare?
ZQB has an expense ratio of 0.11%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZQB and HBNK?
ZQB's largest holdings include Bank of Montreal, 3.19% 1mar2028, CAD and Toronto-Dominion Bank, 4.68% 8jan2029, CAD. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZQB or HBNK?
ZQB holds 53 securities, while HBNK holds 6. On holdings count, ZQB is the more diversified portfolio.
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