ZEB.TO
BMO Equal Weight Banks Index ETF
BMO Equal Weight Banks Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Banks Index , net of expenses
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 5.5 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Inception date | Oct 20, 2009 |
| Regulation | Canadian Mutual Fund Trust (ON) |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CAN IMPERIAL BK OF COMMERCE | 17.0 % |
| TORONTO-DOMINION BANK | 17.0 % |
| NATIONAL BANK OF CANADA | 16.7 % |
| ROYAL BANK OF CANADA | 16.6 % |
| BANK OF NOVA SCOTIA | 16.4 % |
| BANK OF MONTREAL | 16.2 % |
Constituent Breakdown
| Number of holdings | 7 |
| Herfindahl-Hirschman Index | 1,661 |
| Wgt avg mkt cap (mns) | $122,195 |
| Large cap (>$10bn) | 99.6% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 99.8 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.4% | 55.0% | 37.6% | 28.2% | 13.6% | 11.5% | -- | 9.7% |
| Dividend Yield | 0.3% | 3.5% | 4.5% | 5.0% | 4.5% | 4.3% | -- | 4.1% |
| Total Returns | 17.7% | 58.5% | 42.1% | 33.1% | 18.1% | 15.8% | -- | 13.7% | Ann. Volatility | 16.5% | 12.5% | 12.2% | 12.6% | 13.5% | 16.9% | -- | 15.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 37% |
| MSCI EAFE | 0.52 | 39% |
| MSCI Emg Mkts | 0.31 | 24% |
Liquidity Measures
| Avg. volume (000) | 1,446 |
| ADV traded (mns) | $99 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $66.50 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 1.35/1.35 |
| Bollinger Bands (Upper/Lower) | $70.16/$64.45 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZEB.TO |
Expenses vs. ZEB.TO |
ALTAR Score™ vs. ZEB.TO |
|---|---|---|---|---|
| HBNK.TO | Global X Equal Weight Canadian Banks Index ETF | 99.1% | 0 bp | -0.1% |
| HEB.TO | HAMILTON CHAMPIONS TM Canadian Bank Equal-Weight Index ETF | 99.1% | 0 bp | -0.1% |
| SIXY.TO | Evolve Big Six Canadian Banks UltraYield Index ETF | 97.7% | +35 bp | -0.4% |
| RBNK.TO | RBC Canadian Bank Yield Index ETF | 83.9% | +4 bp | 0.0% |
| TBNK.TO | TD Canadian Bank Dividend Index ETF | 77.9% | 0 bp | -0.1% |
| HCA.TO | Hamilton Canadian Bank Mean Reversion Index ETF | 74.7% | +20 bp | -0.3% |
| HMAX.TO | Hamilton Canadian Financials YIELD MAXIMIZER TM ETF | 68.4% | +40 bp | +0.1% |
| BNC.TO | Purpose Canadian Financial Income Fund | 68.4% | +42 bp | -0.1% |
| XFN.TO | iShares S&P/TSX Capped Financials Index ETF | 63.8% | +36 bp | +0.2% |
| CEW.TO | iShares Equal Weight Banc & Lifeco ETF | 59.7% | +30 bp | +0.1% |
Risk and Returns: ZEB.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/4/2026
Peer Group Comparison
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ETF Research Center Rating
6.4%
ALTAR SCORE™
63rd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. ZEB.TO's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places ZEB.TO in the 63rd percentile
among funds in the category.
Sell-Side Consensus
$63.54
PRICE TARGET
-7.5%
UPSIDE