VS
BMO Mid-Term US Treasury Bond Index ETF (ZTM) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTM focuses its top 3 sector exposures on Sovereign, while HBNK leans towards Finance. When evaluating costs, ZTM features a management fee (MER) of 0.2%, compared to 0.09% for HBNK. Performance-wise, ZTM has returned 0.92% year-to-date with +$20 M in net flows, whereas HBNK is at 32.84% with -$516 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
ZTM
HBNK
| AuM | $98.12 M | $733.38 M |
| Management Fees | 0.20% | 0.09% |
| Exp. ratio | 0.23% | 0.10% |
| Tracking Difference | - | -0.34% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTM | -2.00% | +2.09% | +0.92% | +3.06% | +16.71% |
HBNK | +1.96% | +16.00% | +32.84% | +68.52% | +147.88% | |
| Flows | ZTM | +$7 M | +$7 M | +$20 M | +$54 M | +$86 M |
HBNK | -$69 M | -$69 M | -$516 M | -$837 M | -$62 M |
ZTM vs HBNK exposure
Countries
ZTM
USA
63.12%
Other
36.88%
HBNK
Canada
99.94%
Sectors
ZTM
Sovereign
63.12%
Other
36.88%
HBNK
Finance
99.94%
As of July 31, 2026
Top 10 Holdings
ZTM
USA, Notes 4.625% 15feb2035, USD (B-2035)
3.98%
USA, Notes 4.375% 15may2034, USD (C-2034)
3.91%
USA, Notes 4.25% 15nov2034, USD (F-2034)
3.87%
US91282CNC19
3.87%
US91282CNT44
3.86%
USA, Notes 4% 15feb2034, USD (B-2034)
3.82%
US91282CPZ85
3.82%
US91282CPJ44
3.79%
USA, Notes 3.875% 15aug2034, USD (E-2034)
3.78%
USA, Notes 4.5% 15nov2033, USD (F-2033)
3.75%
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
ZTM
Total weight of top 10 holdings out of 45 total
38.45%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
ZTM
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury 5-10 Year Bond 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 | 3.40% | 2.56% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | July 5, 2023 |
Frequently asked questions about ZTM and HBNK
Which ETF has performed better year to date: ZTM or HBNK?
As of July 31, 2026, ZTM has returned 0.92% year to date, while HBNK has returned 32.84%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZTM or HBNK?
As of July 31, 2026, ZTM manages $98.12 M in assets, while HBNK manages $733.38 M. HBNK is the larger fund by AUM.
How are ZTM and HBNK managed?
ZTM is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 5-10 Year Bond Total Return Index - USD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZTM and HBNK emphasize?
ZTM is most exposed to Sovereign. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZTM or HBNK?
Year to date, ZTM has seen +$19.87 M in net flows, compared with -$515.84 M for HBNK. ZTM has attracted more net investor money so far.
How do the fees of ZTM and HBNK compare?
ZTM has an expense ratio of 0.23%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZTM and HBNK?
ZTM's largest holdings include USA, Notes 4.625% 15feb2035, USD (B-2035) and USA, Notes 4.375% 15may2034, USD (C-2034). HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: ZTM or HBNK?
ZTM holds 26 securities, while HBNK holds 6. On holdings count, ZTM is the more diversified portfolio.
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