VS
Compare BMO MSCI Canada Value Index ETF (ZVC) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. ZVC provides Finance, Energy, and Non-Energy Materials exposures, while HBNK is primarily weighted in Finance. When evaluating costs, ZVC features a management fee (MER) of 0.35%, compared to 0.09% for HBNK. Performance-wise, ZVC has returned 23.35% year-to-date with +$7 M in net flows, whereas HBNK is at 31.75% with -$487 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
ZVC
HBNK
| AuM | $58.18 M | $753.32 M |
| Management Fees | 0.35% | 0.09% |
| Exp. ratio | 0.40% | 0.10% |
| Tracking Difference | -0.54% | -0.32% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZVC | +1.86% | +3.10% | +23.35% | +32.39% | +102.60% |
HBNK | +0.64% | -1.15% | +31.75% | +44.45% | +185.20% | |
| Flows | ZVC | +$0 M | +$5 M | +$7 M | +$9 M | +$15 M |
HBNK | -$2 M | +$5 M | -$487 M | -$546 M | -$211 M |
ZVC vs HBNK exposure
Countries
ZVC
Canada
99.68%
HBNK
Canada
99.74%
Sectors
ZVC
Finance
40.39%
Energy
18.25%
Non-Energy Materials
15.99%
Industrials
8.65%
Technology
7.35%
Other
9.37%
HBNK
Finance
99.74%
As of October 26, 2026
Top 10 Holdings
ZVC
The Toronto-Dominion Bank
7.85%
The Bank of Nova Scotia
7.37%
Bank of Montreal
5.91%
Manulife Financial Corp.
5.82%
Barrick Mining Corp.
5.70%
Suncor Energy, Inc.
5.60%
CGI, Inc.
4.99%
Canadian Natural Resources Ltd.
4.52%
Canadian Pacific Kansas City Ltd.
4.48%
Canadian Imperial Bank of Commerce
3.69%
HBNK
The Bank of Nova Scotia
17.48%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.21%
Bank of Montreal
16.52%
Canadian Imperial Bank of Commerce
15.70%
National Bank of Canada
15.42%
Diversification
ZVC
Total weight of top 10 holdings out of 50 total
55.92%
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
Characteristics
Compare
ZVC
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Canada Enhanced Value Capped Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.87% | 2.63% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2017 | July 5, 2023 |
Frequently asked questions about ZVC and HBNK
Which ETF has performed better year to date: ZVC or HBNK?
As of October 26, 2026, ZVC has returned 23.35% year to date, while HBNK has returned 31.75%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZVC or HBNK?
As of October 26, 2026, ZVC manages $58.18 M in assets, while HBNK manages $753.32 M. HBNK is the larger fund by AUM.
How are ZVC and HBNK managed?
ZVC is passively managed by BMO. It tracks the MSCI Canada Enhanced Value Capped Index - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZVC and HBNK emphasize?
ZVC is most exposed to Finance, Energy, and Non-Energy Materials. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZVC or HBNK?
Year to date, ZVC has seen +$6.53 M in net flows, compared with -$486.74 M for HBNK. ZVC has attracted more net investor money so far.
How do the fees of ZVC and HBNK compare?
ZVC has an expense ratio of 0.40%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of ZVC and HBNK?
ZVC's largest holdings include The Toronto-Dominion Bank, The Bank of Nova Scotia, and Bank of Montreal. HBNK's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: ZVC or HBNK?
ZVC holds 50 securities, while HBNK holds 6. On holdings count, ZVC is the more diversified portfolio.
Recent articles about ZVC and HBNK
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