VS
BMO Equal Weight U.S. Banks Index ETF (ZUB) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZUB focuses its top 3 sector exposures on Financials, while ZEB leans towards Financials. When evaluating costs, ZUB features a management fee (MER) of 0.35%, compared to 0.25% for ZEB. Performance-wise, ZUB has returned 1.93% year-to-date with -$26 M in net flows, whereas ZEB is at 12.82% with -$917 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
ZUB
ZEB
| AuM | $355.92 M | $5,266.41 M |
| Management Fees | 0.35% | 0.25% |
| Exp. ratio | 0.38% | 0.28% |
| Tracking Difference | 0.03% | -0.60% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUB | +7.45% | +0.45% | +1.93% | +36.04% | +94.71% |
ZEB | +11.34% | +12.03% | +12.82% | +67.83% | +114.74% | |
| Flows | ZUB | -$58 M | +$17 M | -$26 M | -$237 M | -$341 M |
ZEB | -$186 M | -$913 M | -$917 M | -$2,240 M | -$1,205 M |
ZUB vs ZEB exposure
Countries
ZUB
USA
100.00%
ZEB
Canada
100.00%
Sectors
ZUB
Financials
90.18%
Other
9.82%
ZEB
Financials
100.00%
As of April 24, 2026
Top 10 Holdings
ZUB
CITIGROUP
5.21%
WEBSTER FINANCIAL CORPORATION
5.13%
CITIZENS FINANCIAL GROUP
5.12%
THE GOLDMAN SACHS GROUP
5.07%
JPMORGAN CHASE
5.07%
PNC FINL SVC
5.06%
KEYCORP
5.05%
EAST WEST BANCORP
5.05%
US
5.03%
FIRST CITIZENS BANCSHARES
5.02%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
ZUB
Total weight of top 10 holdings out of 20 total
50.81%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZUB
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight US Bank Canadian Dollar Hedged Net Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.93% | 2.66% |
| Meets ESG criteria | No | No |
| Inception Date | May 19, 2010 | October 20, 2009 |
Frequently asked questions about ZUB and ZEB
Which ETF has performed better year to date: ZUB or ZEB?
As of April 24, 2026, ZUB has returned 1.93% year to date, while ZEB has returned 12.82%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZUB or ZEB?
As of April 24, 2026, ZUB manages $355.92 M in assets, while ZEB manages $5.27 B. ZEB is the larger fund by AUM.
How are ZUB and ZEB managed?
ZUB is passively managed by BMO. It tracks the Solactive Equal Weight US Bank Canadian Dollar Hedged Net Total Return Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZUB and ZEB emphasize?
ZUB is most exposed to Financials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: ZUB or ZEB?
Year to date, ZUB has seen -$26.07 M in net flows, compared with -$917.23 M for ZEB. ZUB has attracted more net investor money so far.
How do the fees of ZUB and ZEB compare?
ZUB has an expense ratio of 0.38%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZUB and ZEB?
ZUB's largest holdings include CITIGROUP and WEBSTER FINANCIAL CORPORATION. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: ZUB or ZEB?
ZUB holds 19 securities, while ZEB holds 6. On holdings count, ZUB is the more diversified portfolio.
Recent articles about ZUB and ZEB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.