VS
BMO Long-Term US Treasury Bond Index ETF (ZTL) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTL focuses its top 3 sector exposures on Sovereign, while HBNK leans towards Finance. When evaluating costs, ZTL features a management fee (MER) of 0.2%, compared to 0.09% for HBNK. Performance-wise, ZTL has returned 3.17% year-to-date with +$44 M in net flows, whereas HBNK is at 28.1% with -$514 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
ZTL
HBNK
| AuM | $97.39 M | $709.46 M |
| Management Fees | 0.20% | 0.09% |
| Exp. ratio | 0.22% | 0.10% |
| Tracking Difference | -0.22% | -0.42% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTL | -3.87% | -1.46% | -3.17% | -1.48% | +2.47% |
HBNK | -3.93% | +6.91% | +28.10% | +57.37% | +154.68% | |
| Flows | ZTL | +$5 M | +$30 M | +$44 M | +$11 M | -$54 M |
HBNK | -$51 M | -$82 M | -$514 M | -$870 M | -$77 M |
ZTL vs HBNK exposure
Countries
ZTL
USA
100.00%
HBNK
Canada
99.94%
Sectors
ZTL
Sovereign
100.00%
HBNK
Finance
99.94%
As of August 21, 2026
Top 10 Holdings
ZTL
USA, Bonds 4.75% 15feb2056, USD
4.13%
USA, Bonds 4.75% 15aug2055, USD
4.13%
USA, Bonds 4.75% 15may2055, USD
4.12%
USA, Bonds 4.625% 15nov2055, USD
4.04%
USA, Bonds 4.625% 15feb2055, USD
4.04%
USA, Bonds 4.625% 15may2054, USD
4.04%
USA, Bonds 4.5% 15nov2054, USD
3.96%
USA, Bonds 4.75% 15nov2053, USD
3.87%
USA, Bonds 4.25% 15aug2054, USD
3.80%
USA, Bonds 4.25% 15feb2054, USD
3.79%
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
ZTL
Total weight of top 10 holdings out of 40 total
39.92%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
ZTL
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury 20+ Year 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 | 3.38% | 2.66% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | July 5, 2023 |
Frequently asked questions about ZTL and HBNK
Which ETF has performed better year to date: ZTL or HBNK?
As of August 21, 2026, ZTL has returned -3.17% year to date, while HBNK has returned 28.10%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZTL or HBNK?
As of August 21, 2026, ZTL manages $97.39 M in assets, while HBNK manages $709.46 M. HBNK is the larger fund by AUM.
How are ZTL and HBNK managed?
ZTL is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year 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 ZTL and HBNK emphasize?
ZTL is most exposed to Sovereign. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZTL or HBNK?
Year to date, ZTL has seen +$44.38 M in net flows, compared with -$513.54 M for HBNK. ZTL has attracted more net investor money so far.
How do the fees of ZTL and HBNK compare?
ZTL has an expense ratio of 0.22%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZTL and HBNK?
ZTL's largest holdings include USA, Bonds 4.75% 15feb2056, USD, USA, Bonds 4.75% 15aug2055, USD, and USA, Bonds 4.75% 15may2055, USD. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZTL or HBNK?
ZTL holds 40 securities, while HBNK holds 6. On holdings count, ZTL is the more diversified portfolio.
Recent articles about ZTL and HBNK
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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.