VS
When evaluating costs, ZUCM features a management fee (MER) of 0.14%, compared to 0.28% for HEWB. Performance-wise, ZUCM has returned 4.02% year-to-date with -$241 M in net flows, whereas HEWB is at 35.73% with +$23 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
HEWB
| AuM | $48.71 M | $353.97 M |
| Management Fees | 0.14% | 0.28% |
| Exp. ratio | 0.14% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUCM | -0.43% | +3.21% | +4.02% | +5.78% | - |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | ZUCM | +$2 M | +$2 M | -$241 M | +$19 M | - |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
ZUCM vs HEWB exposure
Countries
ZUCM
Other
100.00%
HEWB
Canada
100.00%
Sectors
ZUCM
Other
100.00%
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
ZUCM
US912797UT22
30.49%
US912797US49
21.28%
US912797UK13
20.90%
US912797SA68
9.97%
US912797UD79
7.60%
US912797UX34
3.32%
US912797UL95
3.22%
US912797UG01
1.48%
US912797UH83
1.06%
US912797UE52
0.59%
HEWB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
ZUCM
Total weight of top 10 holdings out of 11 total
99.90%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZUCM
HEWB
| 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 | Capitalization |
| Trailing 12m distribution yield | 3.72% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 2, 2023 | January 23, 2019 |
Frequently asked questions about ZUCM and HEWB
Which ETF has performed better year to date: ZUCM or HEWB?
As of July 17, 2026, ZUCM has returned 4.02% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: ZUCM or HEWB?
As of July 17, 2026, ZUCM manages $48.71 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are ZUCM and HEWB managed?
ZUCM is actively managed by BMO. It does not track an index. HEWB 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 HEWB?
Year to date, ZUCM has seen -$240.56 M in net flows, compared with +$23.13 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of ZUCM and HEWB compare?
ZUCM has an expense ratio of 0.14%, while HEWB has an expense ratio of 0.28%.
Which ETF is more diversified: ZUCM or HEWB?
ZUCM holds 1 securities, while HEWB holds 6. On holdings count, HEWB is the more diversified portfolio.
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