Question 1

What is ZBK?

Accepted Answer

ZBK (BMO Equal Weight US Banks Index ETF) is a Canadian-listed ETF trading on the TSX. It tracks the Morningstar Gbl Fin Svc GR CAD.

Question 2

What is the ZBK ETF price today?

Accepted Answer

ZBK last traded at $45.77 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZBK MER (management expense ratio)?

Accepted Answer

ZBK has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, ZBK is considered a low-cost ETF.

Question 4

What are ZBK annualised returns?

Accepted Answer

ZBK historical returns: YTD: +6.10%, 1-year: +18.75%, 3-year annualised: +33.00%, 5-year annualised: +6.70%, 10-year annualised: +11.26%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.25, which measures risk-adjusted return.

Question 5

Does ZBK pay dividends or distributions?

Accepted Answer

Yes, ZBK distributes income to unitholders. The current distribution yield is approximately 1.87%, paid quarterly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZBK invest in?

Accepted Answer

ZBK's top holdings include JPMorgan Chase & Co (JPM, 4.7%), Citigroup Inc. (C, 4.4%), East West Bancorp Inc (EWBC, 4.6%), Cullen/Frost Bankers Inc (CFR, 4.6%), Fifth Third Bancorp (FITB, 4.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Fin Svc GR CAD.

Question 7

What sectors does ZBK invest in?

Accepted Answer

ZBK's largest sector exposures are Financial Services (100.0%), Energy (0.0%), Utilities (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZBK? (Assets under management)

Accepted Answer

ZBK has approximately $657M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZBK launched?

Accepted Answer

ZBK was launched on February 10, 2014, giving it a 12-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZBK in Canada?

Accepted Answer

ZBK trades on the TSX under the ticker ZBK. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZBK?

Accepted Answer

ZBK has a 1-year volatility of 16.59% and a beta of 1.76 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.25 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-22	$44.72	$45.82	$44.72	$45.77	$45.77	9,490
2026-10-21	$45.07	$45.58	$45.07	$45.49	$45.49	8,300
2026-10-20	$44.50	$45.16	$44.50	$45.08	$45.08	5,493
2026-10-19	$44.76	$44.85	$44.41	$44.41	$44.41	12,264
2026-10-16	$45.45	$45.74	$44.96	$44.96	$44.96	7,475
2026-10-15	$44.83	$45.09	$44.75	$44.95	$44.95	17,436
2026-10-14	$44.17	$44.45	$44.17	$44.40	$44.40	14,345
2026-10-13	$46.89	$46.89	$44.78	$44.83	$44.83	6,088
2026-10-09	$44.97	$45.36	$44.97	$45.36	$45.36	1,400
2026-10-08	$44.54	$45.11	$44.35	$45.11	$45.11	12,264

#	Ticker	Name	Weight
1	JPM	JPMorgan Chase & Co	4.66%
2	C	Citigroup Inc.	4.38%
3	EWBC	East West Bancorp Inc	4.56%
4	CFR	Cullen/Frost Bankers Inc	4.58%
5	FITB	Fifth Third Bancorp	4.53%
6	WFC	Wells Fargo & Company	4.22%
7	FCNCA	First Citizens BancShares, Inc.	4.42%
8	FHN	First Horizon Corporation	4.59%
9	PNFP	Pinnacle Financial Partners, Inc.	4.16%
10	SSB	SouthState Corporation	4.34%

Sector	Weight
Financial Services	100.00%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Communication Services	0.00%

Ticker	Name	Price	1D
SOXD		$18.09	+20.44%
CGMD		$6.95	+16.03%
GASD		$5.54	+12.37%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.75	+12.33%
SLVD	BetaPro Silver -2x Daily Bear ETF	$42.12	+11.75%
MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

BMO Equal Weight US Banks Index ETF (ZBK : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZBK