VS
When evaluating costs, ZUCM features a management fee (MER) of 0.14%, compared to 0.09% for HBNK. Performance-wise, ZUCM has returned 4.43% year-to-date with -$241 M in net flows, whereas HBNK is at 32.72% with -$462 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
ZUCM
HBNK
| AuM | $48.90 M | $787.51 M |
| Management Fees | 0.14% | 0.09% |
| Exp. ratio | 0.14% | 0.10% |
| Tracking Difference | - | -0.44% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUCM | -0.74% | +3.95% | +4.43% | +6.62% | - |
HBNK | +1.99% | +16.52% | +32.72% | +67.44% | +149.42% | |
| Flows | ZUCM | +$2 M | +$2 M | -$241 M | +$19 M | - |
HBNK | -$33 M | +$8 M | -$462 M | -$768 M | -$7 M |
ZUCM vs HBNK exposure
Countries
ZUCM
Other
100.00%
HBNK
Canada
99.94%
Sectors
ZUCM
Other
100.00%
HBNK
Finance
99.94%
As of July 20, 2026
Top 10 Holdings
ZUCM
US912797UT22
27.28%
US912797UK13
18.79%
US912797US49
16.70%
US912797UX34
9.14%
US912797SA68
8.96%
US912797UD79
6.83%
US912797UE52
6.61%
US912797UL95
2.89%
US912797UG01
1.33%
US912797UH83
0.96%
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
ZUCM
Total weight of top 10 holdings out of 11 total
99.49%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
ZUCM
HBNK
| Provider | BMO | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.71% | 2.54% |
| Meets ESG criteria | No | No |
| Inception Date | October 2, 2023 | July 5, 2023 |
Frequently asked questions about ZUCM and HBNK
Which ETF has performed better year to date: ZUCM or HBNK?
As of July 20, 2026, ZUCM has returned 4.43% year to date, while HBNK has returned 32.72%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZUCM or HBNK?
As of July 20, 2026, ZUCM manages $48.90 M in assets, while HBNK manages $787.51 M. HBNK is the larger fund by AUM.
How are ZUCM and HBNK managed?
ZUCM is actively managed by BMO. It does not track an index. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: ZUCM or HBNK?
Year to date, ZUCM has seen -$240.56 M in net flows, compared with -$462.37 M for HBNK. ZUCM has attracted more net investor money so far.
How do the fees of ZUCM and HBNK compare?
ZUCM has an expense ratio of 0.14%, while HBNK has an expense ratio of 0.10%.
Which ETF is more diversified: ZUCM or HBNK?
ZUCM holds 1 securities, while HBNK holds 6. On holdings count, HBNK is the more diversified portfolio.
Recent articles about ZUCM and HBNK
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