VS
BMO Long-Term US Treasury Bond Index ETF (ZTL) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTL focuses its top 3 sector exposures on Sovereign, while ZEB leans towards Finance. When evaluating costs, ZTL features a management fee (MER) of 0.2%, compared to 0.25% for ZEB. Performance-wise, ZTL has returned 3.17% year-to-date with +$44 M in net flows, whereas ZEB is at 28.01% with -$132 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
ZEB
| AuM | $97.39 M | $6,654.06 M |
| Management Fees | 0.20% | 0.25% |
| Exp. ratio | 0.22% | 0.28% |
| Tracking Difference | -0.22% | -0.62% |
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% |
ZEB | -3.95% | +6.88% | +28.01% | +57.18% | +153.53% | |
| Flows | ZTL | +$5 M | +$30 M | +$44 M | +$11 M | -$54 M |
ZEB | -$341 M | +$1,083 M | -$132 M | +$303 M | -$1,304 M |
ZTL vs ZEB exposure
Countries
ZTL
USA
100.00%
ZEB
Canada
100.00%
Sectors
ZTL
Sovereign
100.00%
ZEB
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%
ZEB
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%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZTL
ZEB
| Provider | BMO | BMO |
| 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% | 2.38% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | October 20, 2009 |
Frequently asked questions about ZTL and ZEB
Which ETF has performed better year to date: ZTL or ZEB?
As of August 21, 2026, ZTL has returned -3.17% year to date, while ZEB has returned 28.01%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZTL or ZEB?
As of August 21, 2026, ZTL manages $97.39 M in assets, while ZEB manages $6.65 B. ZEB is the larger fund by AUM.
How are ZTL and ZEB managed?
ZTL is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZTL and ZEB emphasize?
ZTL is most exposed to Sovereign. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: ZTL or ZEB?
Year to date, ZTL has seen +$44.38 M in net flows, compared with -$131.81 M for ZEB. ZTL has attracted more net investor money so far.
How do the fees of ZTL and ZEB compare?
ZTL has an expense ratio of 0.22%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZTL and ZEB?
ZTL's largest holdings include USA, Bonds 4.75% 15feb2056, USD, USA, Bonds 4.75% 15aug2055, USD, and USA, Bonds 4.75% 15may2055, USD. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZTL or ZEB?
ZTL holds 40 securities, while ZEB holds 6. On holdings count, ZTL is the more diversified portfolio.
Recent articles about ZTL and ZEB
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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.