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Compare BMO Equal Weight U.S. Banks Index ETF (ZUB) vs BMO SPDR Financials Select Sector Index ETF (ZXLF) to find the best fit for your portfolio. ZUB provides Finance exposures, while ZXLF is primarily weighted in Finance, Technology, and Business Services. When evaluating costs, ZUB features a management fee (MER) of 0.35%, compared to 0.21% for ZXLF. Performance-wise, ZUB has returned 5.07% year-to-date with -$47 M in net flows, whereas ZXLF is at 5.11% with +$7 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
ZXLF
| AuM | $342.07 M | $11.93 M |
| Management Fees | 0.35% | 0.21% |
| Exp. ratio | 0.38% | 0.21% |
| Tracking Difference | -0.06% | - |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUB | +1.63% | -6.15% | +5.07% | +18.61% | +123.37% |
ZXLF | +1.80% | -0.17% | +5.11% | +7.81% | - | |
| Flows | ZUB | +$4 M | +$19 M | -$47 M | -$74 M | -$362 M |
ZXLF | +$1 M | +$5 M | +$7 M | -$19 M | - |
ZUB vs ZXLF exposure
Countries
ZUB
USA
100.00%
ZXLF
USA
96.37%
Sectors
ZUB
Finance
100.00%
ZXLF
Finance
95.38%
As of October 23, 2026
Top 10 Holdings
ZUB
Bank of America Corp.
5.82%
The Goldman Sachs Group, Inc.
5.70%
Citigroup, Inc.
5.67%
JPMorgan Chase & Co.
5.61%
East West Bancorp, Inc.
5.53%
Citizens Financial Group, Inc. (Rhode Island)
5.46%
U.S. Bancorp
5.42%
The PNC Financial Services Group, Inc.
5.34%
Fifth Third Bancorp
5.24%
First Citizens BancShares, Inc. (North Carolina)
5.22%
ZXLF
JPMorgan Chase & Co.
11.70%
Berkshire Hathaway, Inc.
11.34%
Visa, Inc.
7.72%
Mastercard, Inc.
5.83%
Bank of America Corp.
4.96%
The Goldman Sachs Group, Inc.
3.69%
Wells Fargo & Co.
3.24%
Morgan Stanley
3.14%
Citigroup, Inc.
2.75%
The Charles Schwab Corp.
2.20%
Diversification
ZUB
Total weight of top 10 holdings out of 19 total
55.02%
ZXLF
Total weight of top 10 holdings out of 76 total
56.59%
Characteristics
Compare
ZUB
ZXLF
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight US Bank Canadian Dollar Hedged Net Total Return Index - CAD | S&P Financials Select Sector Total Return Index - USD |
| Replication Method | Other | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.86% | 0.82% |
| Meets ESG criteria | No | No |
| Inception Date | May 19, 2010 | February 2, 2025 |
Frequently asked questions about ZUB and ZXLF
Which ETF has performed better year to date: ZUB or ZXLF?
As of October 23, 2026, ZUB has returned 5.07% year to date, while ZXLF has returned 5.11%. ZXLF is ahead on YTD performance.
Which ETF is larger by assets under management: ZUB or ZXLF?
As of October 23, 2026, ZUB manages $342.07 M in assets, while ZXLF manages $11.93 M. ZUB is the larger fund by AUM.
How are ZUB and ZXLF managed?
ZUB is passively managed by BMO. It tracks the Solactive Equal Weight US Bank Canadian Dollar Hedged Net Total Return Index - CAD benchmark. ZXLF is passively managed by BMO. It tracks the S&P Financials Select Sector Total Return Index - USD benchmark.
What sectors do ZUB and ZXLF emphasize?
ZUB is most exposed to Finance. ZXLF is most exposed to Finance, Technology, and Business Services.
Which ETF is attracting more investor flows: ZUB or ZXLF?
Year to date, ZUB has seen -$46.56 M in net flows, compared with +$6.99 M for ZXLF. ZXLF has attracted more net investor money so far.
How do the fees of ZUB and ZXLF compare?
ZUB has an expense ratio of 0.38%, while ZXLF has an expense ratio of 0.21%.
What are the top holdings of ZUB and ZXLF?
ZUB's largest holdings include Bank of America Corp., The Goldman Sachs Group, Inc., and Citigroup, Inc.. ZXLF's top holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc., and Visa, Inc..
Which ETF is more diversified: ZUB or ZXLF?
ZUB holds 19 securities, while ZXLF holds 76. On holdings count, ZXLF is the more diversified portfolio.
Recent articles about ZUB and ZXLF
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