VS
BMO Short-Term US TIPS Index ETF (ZTIP) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTIP focuses its top 3 sector exposures on Sovereign, while ZEB leans towards Finance. When evaluating costs, ZTIP features a management fee (MER) of 0.15%, compared to 0.25% for ZEB. Performance-wise, ZTIP has returned 4.2% year-to-date with +$26 M in net flows, whereas ZEB is at 29.41% with +$169 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
ZTIP
ZEB
| AuM | $43.11 M | $6,981.05 M |
| Management Fees | 0.15% | 0.25% |
| Exp. ratio | 0.17% | 0.28% |
| Tracking Difference | - | -0.51% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTIP | +0.71% | -0.19% | +4.20% | +1.91% | +18.07% |
ZEB | -3.03% | -2.44% | +29.41% | +44.28% | +178.22% | |
| Flows | ZTIP | +$2 M | +$7 M | +$26 M | +$29 M | +$21 M |
ZEB | -$429 M | -$97 M | +$169 M | +$869 M | -$819 M |
ZTIP vs ZEB exposure
Countries
ZTIP
USA
100.00%
ZEB
Canada
100.00%
Sectors
ZTIP
Sovereign
100.00%
ZEB
Finance
100.00%
As of October 20, 2026
Top 10 Holdings
ZTIP
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.39%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.32%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.29%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.11%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.96%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
4.90%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.85%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.73%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
4.72%
ZEB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
ZTIP
Total weight of top 10 holdings out of 25 total
50.06%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZTIP
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD | 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 | 4.00% | 2.37% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | October 20, 2009 |
Frequently asked questions about ZTIP and ZEB
Which ETF has performed better year to date: ZTIP or ZEB?
As of October 20, 2026, ZTIP has returned 4.20% year to date, while ZEB has returned 29.41%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZTIP or ZEB?
As of October 20, 2026, ZTIP manages $43.11 M in assets, while ZEB manages $6.98 B. ZEB is the larger fund by AUM.
How are ZTIP and ZEB managed?
ZTIP is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZTIP and ZEB emphasize?
ZTIP is most exposed to Sovereign. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: ZTIP or ZEB?
Year to date, ZTIP has seen +$26.06 M in net flows, compared with +$169.48 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of ZTIP and ZEB compare?
ZTIP has an expense ratio of 0.17%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZTIP and ZEB?
ZTIP's largest holdings include USA, TIPS 1.125% 15oct2030, USD (AE-2030), USA, TIPS 1.25% 15apr2031, USD (X-2031), and USA, TIPS 1.625% 15apr2030, USD (X-2030). ZEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: ZTIP or ZEB?
ZTIP holds 25 securities, while ZEB holds 6. On holdings count, ZTIP is the more diversified portfolio.
Recent articles about ZTIP and ZEB
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