BMO Equal Weight U.S. Banks Hedged Index ETF Review (ZUB) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 74/100
This equity ETF has an MER of 0.40%. With lower than average fees, it’s a cost-effective option. Managing 234 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

ZUB trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO Equal Weight U.S. Banks Hedged Index (ZUB) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the BMO Equal Weight U.S. Banks Hedged Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.40%. This ETF trades on the TSX exchange.

ZUB stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $234MM

Expense Ratio: 0.40%

Price: $26.08 (Updated: 3/7/2024)

The BMO Equal Weight US Banks Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank Index Canadian Dollar Hedged, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index. The U.S. dollar exposure is hedged back to Canadian dollars.

BMO Equal Weight U.S. Banks Hedged Index (ZUB) Breakdown by Market Cap


BMO Equal Weight U.S. Banks Hedged Index (ZUB) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials00
Consumer Cyclicals00
Financial Services10099.72596
Real Estate00.01597
Communication Services00
Consumer Defensive00

BMO Equal Weight U.S. Banks Hedged Index (ZUB) Geographic Breakdown

RegionEquity %Relative to Category
North America10097.533
United Kingdom00.38775
Europe Developed00.941
Europe Emerging00.001
Africa/Middle East00.006
Asia Developed00.097
Asia Emerging00.067
Latin America00.016

ZUB Management Expense Ratio

ZUB has a management expense ratio of  0.40% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  BMO Equal Weight U.S. Banks Hedged Index TSX ETF

You can buy  ZUB on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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