VS
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 0.77% year-to-date with +$6 M in net flows, whereas HBNK is at 30.92% with -$484 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 | $25.14 M | $753.49 M |
| Management Fees | 0.21% | 0.09% |
| Exp. ratio | 0.21% | 0.10% |
| Tracking Difference | - | -0.35% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLU | -4.83% | -6.49% | +0.77% | +2.88% | - |
HBNK | -3.93% | +2.18% | +30.92% | +49.35% | +155.47% | |
| Flows | ZXLU | -$3 M | +$1 M | +$6 M | +$14 M | - |
HBNK | +$33 M | -$67 M | -$484 M | -$593 M | -$93 M |
ZXLU vs HBNK exposure
Countries
ZXLU
USA
99.70%
HBNK
Canada
99.59%
Sectors
ZXLU
Utilities
99.70%
HBNK
Finance
99.59%
As of September 17, 2026
Top 10 Holdings
ZXLU
NextEra Energy, Inc.
13.07%
The Southern Co.
7.68%
Duke Energy Corp.
7.05%
Constellation Energy Corp.
6.05%
American Electric Power Co., Inc.
5.01%
Dominion Energy, Inc.
4.39%
Sempra
4.17%
Entergy Corp.
3.55%
Xcel Energy, Inc.
3.52%
Vistra Corp.
3.39%
HBNK
Royal Bank of Canada
17.26%
Bank of Montreal
17.04%
The Toronto-Dominion Bank
16.90%
The Bank of Nova Scotia
16.41%
Canadian Imperial Bank of Commerce
16.05%
National Bank of Canada
15.93%
Diversification
ZXLU
Total weight of top 10 holdings out of 31 total
57.88%
HBNK
Total weight of top 10 holdings out of 6 total
99.59%
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 | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.11% | 2.62% |
| 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 September 17, 2026, ZXLU has returned 0.77% year to date, while HBNK has returned 30.92%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLU or HBNK?
As of September 17, 2026, ZXLU manages $25.14 M in assets, while HBNK manages $753.49 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.
What sectors do ZXLU and HBNK emphasize?
ZXLU is most exposed to Utilities. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: ZXLU or HBNK?
Year to date, ZXLU has seen +$6.31 M in net flows, compared with -$483.52 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 are the top holdings of ZXLU and HBNK?
ZXLU's largest holdings include NextEra Energy, Inc., The Southern Co., and Duke Energy Corp.. HBNK's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: ZXLU or HBNK?
ZXLU holds 31 securities, while HBNK holds 6. On holdings count, ZXLU is the more diversified portfolio.
Recent articles about ZXLU and HBNK
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.