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BMO SPDR Utilities Select Sector Index ETF (ZXLU) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLU focuses its top 3 sector exposures on Utilities, while HBNK leans towards Finance. When evaluating costs, ZXLU features a management fee (MER) of 0.21%, compared to 0.09% for HBNK. Performance-wise, ZXLU has returned 5.88% year-to-date with +$1 M in net flows, whereas HBNK is at 32.38% with -$510 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
ZXLU
HBNK
| AuM | $20.64 M | $731.73 M |
| Management Fees | 0.21% | 0.09% |
| Exp. ratio | 0.21% | 0.10% |
| Tracking Difference | - | -0.34% |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | +4.12% | +0.80% | +5.88% | -0.01% | - |
HBNK | +2.89% | -0.97% | +32.38% | +44.73% | +173.10% | |
| Flows | ZXLU | -$1 M | -$9 M | +$1 M | +$3 M | - |
HBNK | -$28 M | +$3 M | -$510 M | -$581 M | -$288 M |
ZXLU vs HBNK exposure
Countries
ZXLU
USA
99.75%
HBNK
Canada
99.73%
Sectors
ZXLU
Utilities
99.75%
HBNK
Finance
99.73%
As of November 6, 2026
Top 10 Holdings
ZXLU
US81369Y8865
100.00%
HBNK
The Bank of Nova Scotia
17.08%
The Toronto-Dominion Bank
17.02%
Bank of Montreal
16.77%
Canadian Imperial Bank of Commerce
16.48%
Royal Bank of Canada
16.43%
National Bank of Canada
15.95%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
100.00%
HBNK
Total weight of top 10 holdings out of 6 total
99.73%
Characteristics
Compare
ZXLU
HBNK
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Utilities Select Sector Total Return Index - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.06% | 2.64% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | July 5, 2023 |
Frequently asked questions about ZXLU and HBNK
Which ETF has performed better year to date: ZXLU or HBNK?
As of November 6, 2026, ZXLU has returned 5.88% year to date, while HBNK has returned 32.38%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or HBNK?
As of November 6, 2026, ZXLU manages $20.64 M in assets, while HBNK manages $731.73 M. HBNK is the larger fund by AUM.
How are ZXLU and HBNK managed?
ZXLU is passively managed by BMO. It tracks the S&P Utilities Select Sector Total Return Index - USD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is more diversified: ZXLU or HBNK?
ZXLU holds 1 securities, while HBNK holds 6. On holdings count, HBNK is the more diversified portfolio.
Which ETF is attracting more investor flows: ZXLU or HBNK?
Year to date, ZXLU has seen +$0.84 M in net flows, compared with -$510.41 M for HBNK. ZXLU has attracted more net investor money so far.
How do the fees of ZXLU and HBNK compare?
ZXLU has an expense ratio of 0.21%, while HBNK has an expense ratio of 0.10%.
What sectors do ZXLU and HBNK emphasize?
ZXLU is most exposed to Utilities. HBNK is most exposed to Finance.
Recent articles about ZXLU and HBNK
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.