VS
BMO Long-Term US Treasury Bond Index ETF (ZTL) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTL focuses its top 3 sector exposures on Sovereign, while HEWB leans towards Finance. When evaluating costs, ZTL features a management fee (MER) of 0.2%, compared to 0.28% for HEWB. Performance-wise, ZTL has returned 3.17% year-to-date with +$44 M in net flows, whereas HEWB is at 27.92% with +$27 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
HEWB
| AuM | $97.39 M | $337.15 M |
| Management Fees | 0.20% | 0.28% |
| Exp. ratio | 0.22% | 0.28% |
| Tracking Difference | -0.22% | -0.82% |
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% |
HEWB | -3.97% | +6.81% | +27.92% | +56.97% | +153.07% | |
| Flows | ZTL | +$5 M | +$30 M | +$44 M | +$11 M | -$54 M |
HEWB | +$4 M | +$15 M | +$27 M | +$26 M | +$33 M |
ZTL vs HEWB exposure
Countries
ZTL
USA
100.00%
HEWB
Canada
100.00%
Sectors
ZTL
Sovereign
100.00%
HEWB
Finance
100.00%
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%
HEWB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
ZTL
Total weight of top 10 holdings out of 40 total
39.92%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZTL
HEWB
| 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 | Capitalization |
| Trailing 12m distribution yield | 3.38% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | January 23, 2019 |
Frequently asked questions about ZTL and HEWB
Which ETF has performed better year to date: ZTL or HEWB?
As of August 21, 2026, ZTL has returned -3.17% year to date, while HEWB has returned 27.92%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZTL or HEWB?
As of August 21, 2026, ZTL manages $97.39 M in assets, while HEWB manages $337.15 M. HEWB is the larger fund by AUM.
How are ZTL and HEWB managed?
ZTL is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZTL and HEWB emphasize?
ZTL is most exposed to Sovereign. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: ZTL or HEWB?
Year to date, ZTL has seen +$44.38 M in net flows, compared with +$26.84 M for HEWB. ZTL has attracted more net investor money so far.
How do the fees of ZTL and HEWB compare?
ZTL has an expense ratio of 0.22%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of ZTL and HEWB?
ZTL's largest holdings include USA, Bonds 4.75% 15feb2056, USD, USA, Bonds 4.75% 15aug2055, USD, and USA, Bonds 4.75% 15may2055, USD. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZTL or HEWB?
ZTL holds 40 securities, while HEWB holds 6. On holdings count, ZTL is the more diversified portfolio.
Recent articles about ZTL and HEWB
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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.