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BMO SPDR Materials Select Sector Index ETF (ZXLB) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLB focuses its top 3 sector exposures on Materials, while ZEB leans towards Financials. When evaluating costs, ZXLB features a management fee (MER) of 0.21%, compared to 0.25% for ZEB. Performance-wise, ZXLB has returned 15.28% year-to-date with +$15 M in net flows, whereas ZEB is at 23.88% with -$1,116 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
ZXLB
ZEB
| AuM | $17.45 M | $5,536.30 M |
| Management Fees | 0.21% | 0.25% |
| Exp. ratio | 0.21% | 0.28% |
| Tracking Difference | - | -0.62% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLB | +0.01% | +5.95% | +15.28% | +20.70% | - |
ZEB | +7.80% | +20.31% | +23.88% | +66.43% | +145.04% | |
| Flows | ZXLB | -$2 M | +$1 M | +$15 M | +$15 M | - |
ZEB | -$85 M | -$309 M | -$1,116 M | -$946 M | -$1,896 M |
ZXLB vs ZEB exposure
Countries
ZXLB
USA
73.80%
Ireland
21.54%
ZEB
Canada
100.00%
Sectors
ZXLB
Materials
81.08%
Other
18.91%
ZEB
Financials
100.00%
As of June 11, 2026
Top 10 Holdings
ZXLB
IE000S9YS762
14.16%
NEWMONT CORP
7.34%
NUCOR
5.69%
FREEPORT-MCMORAN INC
5.03%
CRH PLC
4.94%
VULCAN MATERIALS
4.86%
AIR PRODUCTS AND CHEMICALS
4.69%
MARTIN MARIETTA
4.49%
SHERWIN WILLIAMS
4.49%
CORTEVA INC
4.47%
ZEB
TORONTO DOMINION
17.02%
CDN IMPERIAL BK
16.89%
NATIONAL BANK OF CANADA
16.73%
ROYAL BK CANADA
16.71%
BNS
16.37%
BANK OF MONTREAL
16.28%
Diversification
ZXLB
Total weight of top 10 holdings out of 26 total
60.14%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZXLB
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Materials Select Sector Total Return Index - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.35% | 2.44% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | October 20, 2009 |
Frequently asked questions about ZXLB and ZEB
Which ETF has performed better year to date: ZXLB or ZEB?
As of June 11, 2026, ZXLB has returned 15.28% year to date, while ZEB has returned 23.88%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLB or ZEB?
As of June 11, 2026, ZXLB manages $17.45 M in assets, while ZEB manages $5.54 B. ZEB is the larger fund by AUM.
How are ZXLB and ZEB managed?
ZXLB is passively managed by BMO. It tracks the S&P Materials Select Sector Total Return Index - USD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do ZXLB and ZEB emphasize?
ZXLB is most exposed to Materials. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: ZXLB or ZEB?
Year to date, ZXLB has seen +$15.16 M in net flows, compared with -$1,115.72 M for ZEB. ZXLB has attracted more net investor money so far.
How do the fees of ZXLB and ZEB compare?
ZXLB has an expense ratio of 0.21%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZXLB and ZEB?
ZXLB's largest holdings include NEWMONT CORP and NUCOR. ZEB's top holdings include TORONTO DOMINION, CDN IMPERIAL BK, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: ZXLB or ZEB?
ZXLB holds 24 securities, while ZEB holds 6. On holdings count, ZXLB is the more diversified portfolio.
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