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BMO SPDR Financials Select Sector Index ETF (ZXLF) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLF focuses its top 3 sector exposures on Financials and Information Technology, while ZEB leans towards Financials. When evaluating costs, ZXLF features a management fee (MER) of 0.21%, compared to 0.25% for ZEB. Performance-wise, ZXLF has returned 6.17% year-to-date with +$1 M in net flows, whereas ZEB is at 12.82% with -$917 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
ZXLF
ZEB
| AuM | $5.68 M | $5,266.41 M |
| Management Fees | 0.21% | 0.25% |
| Exp. ratio | 0.21% | 0.28% |
| Tracking Difference | - | -0.60% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLF | +3.61% | -3.64% | -6.17% | +6.30% | - |
ZEB | +11.34% | +12.03% | +12.82% | +67.83% | +114.74% | |
| Flows | ZXLF | -$12 M | -$2 M | +$1 M | -$20 M | - |
ZEB | -$186 M | -$913 M | -$917 M | -$2,240 M | -$1,205 M |
ZXLF vs ZEB exposure
Countries
ZXLF
USA
95.93%
ZEB
Canada
100.00%
Sectors
ZXLF
Financials
82.37%
Information Technology
15.19%
ZEB
Financials
100.00%
As of April 24, 2026
Top 10 Holdings
ZXLF
BERKSHIRE HATHWAY
12.46%
JPMORGAN CHASE
11.24%
VISA INCORPORATION
7.20%
MASTERCARD
5.77%
BK OF AMERICA CO
4.59%
THE GOLDMAN SACHS GROUP
3.60%
WELLS FARGO
3.49%
CITIGROUP
2.81%
MORGAN STANLEY
2.81%
AMERICAN EXPRESS
2.30%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
ZXLF
Total weight of top 10 holdings out of 76 total
56.26%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ZXLF
ZEB
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Financials 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 | 0.92% | 2.66% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | October 20, 2009 |
Frequently asked questions about ZXLF and ZEB
Which ETF has performed better year to date: ZXLF or ZEB?
As of April 24, 2026, ZXLF has returned -6.17% year to date, while ZEB has returned 12.82%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLF or ZEB?
As of April 24, 2026, ZXLF manages $5.68 M in assets, while ZEB manages $5.27 B. ZEB is the larger fund by AUM.
How are ZXLF and ZEB managed?
ZXLF is passively managed by BMO. It tracks the S&P Financials 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 ZXLF and ZEB emphasize?
ZXLF is most exposed to Financials and Information Technology. ZEB is most exposed to Financials.
Which ETF is attracting more investor flows: ZXLF or ZEB?
Year to date, ZXLF has seen +$1.50 M in net flows, compared with -$917.23 M for ZEB. ZXLF has attracted more net investor money so far.
How do the fees of ZXLF and ZEB compare?
ZXLF has an expense ratio of 0.21%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of ZXLF and ZEB?
ZXLF's largest holdings include BERKSHIRE HATHWAY, JPMORGAN CHASE, and VISA INCORPORATION. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: ZXLF or ZEB?
ZXLF holds 75 securities, while ZEB holds 6. On holdings count, ZXLF is the more diversified portfolio.
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