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Compare BMO Equal Weight REITs Index ETF (ZRE) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. ZRE provides Real Estate and Health Care exposures, while HBNK is primarily weighted in Financials. When evaluating costs, ZRE features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, ZRE has returned 11.54% year-to-date with +$6 M in net flows, whereas HBNK is at 23.94% with -$413 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
ZRE
HBNK
| AuM | $638.87 M | $784.52 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.61% | 0.10% |
| Tracking Difference | -0.73% | -0.41% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZRE | +2.05% | +8.20% | +11.54% | +14.45% | +31.58% |
HBNK | +7.80% | +20.31% | +23.94% | +66.64% | - | |
| Flows | ZRE | +$4 M | +$3 M | +$6 M | +$1 M | -$18 M |
HBNK | +$35 M | -$180 M | -$413 M | -$665 M | - |
ZRE vs HBNK exposure
Countries
ZRE
Canada
100.00%
HBNK
Canada
99.93%
Sectors
ZRE
Real Estate
85.38%
Other
9.77%
HBNK
Financials
99.93%
As of June 11, 2026
Top 10 Holdings
ZRE
ALLIED PROPERTIES REAL ESTAT INV UNT
5.43%
FIRST CAPITAL REIT UNT
5.33%
RIOCAN REAL ESTATE UNT
5.30%
DREAM INDUSTRIAL REAL ESTATE
5.25%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
5.21%
CROMBIE REI UNT
5.13%
CA3874372053
5.11%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.06%
SMART REAL ESTATE INVESTMENT
5.02%
CT REIT UNITS
5.01%
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
Diversification
ZRE
Total weight of top 10 holdings out of 20 total
51.85%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
ZRE
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada REIT 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 | 4.34% | 2.70% |
| Meets ESG criteria | No | No |
| Inception Date | May 19, 2010 | July 5, 2023 |
Frequently asked questions about ZRE and HBNK
Which ETF has performed better year to date: ZRE or HBNK?
As of June 11, 2026, ZRE has returned 11.54% year to date, while HBNK has returned 23.94%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZRE or HBNK?
As of June 11, 2026, ZRE manages $638.87 M in assets, while HBNK manages $784.52 M. HBNK is the larger fund by AUM.
How are ZRE and HBNK managed?
ZRE is passively managed by BMO. It tracks the Solactive Equal Weight Canada REIT 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 ZRE and HBNK emphasize?
ZRE is most exposed to Real Estate and Health Care. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: ZRE or HBNK?
Year to date, ZRE has seen +$6.31 M in net flows, compared with -$412.69 M for HBNK. ZRE has attracted more net investor money so far.
How do the fees of ZRE and HBNK compare?
ZRE has an expense ratio of 0.61%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZRE and HBNK?
ZRE's largest holdings include ALLIED PROPERTIES REAL ESTAT INV UNT and FIRST CAPITAL REIT UNT. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: ZRE or HBNK?
ZRE holds 19 securities, while HBNK holds 6. On holdings count, ZRE is the more diversified portfolio.
Recent articles about ZRE and HBNK
Build Canada Homes: A Boost for Real Estate ETFs?
The Canadian government's $26B prefab housing plan and a U.S. tariff ruling have injected optimism into real estate markets, with analysts anticipating gains for REITs and construction-focused funds.
Posted on 6/2/2025 by ETF Market Canada inReal Estate
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