Question 1

What is ZBK?

Accepted Answer

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

Question 2

What is the ZBK ETF price today?

Accepted Answer

ZBK last traded at $47.22 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: +9.46%, 1-year: +24.38%, 3-year annualised: +30.57%, 5-year annualised: +9.96%, 10-year annualised: +12.97%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.14, 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 1.64%, 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 Goldman Sachs Group Inc (GS, 5.7%), Bank of America Corp (BAC, 5.4%), Citizens Financial Group, Inc. (CFG, 5.3%), Citigroup Inc. (C, 5.3%), East West Bancorp Inc (EWBC, 5.3%) — 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%), Basic Materials (0.0%), Consumer Cyclicals (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 $790M 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 14.62% and a beta of 1.78 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.14 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
2026-08-20	$47.52	$47.85	$47.22	$47.22	$47.22	11,256
2026-08-19	$49.65	$49.65	$47.82	$47.93	$47.93	26,036
2026-08-18	$49.50	$49.69	$49.39	$49.58	$49.58	30,779
2026-08-17	$50.18	$50.22	$49.78	$49.81	$49.81	31,092
2026-08-14	$49.73	$50.16	$49.73	$50.09	$50.09	8,513
2026-08-13	$50.11	$50.41	$50.00	$50.06	$50.06	8,697
2026-08-12	$49.78	$50.17	$49.74	$50.04	$50.04	27,001
2026-08-11	$49.36	$49.61	$49.35	$49.51	$49.51	9,675
2026-08-10	$49.28	$49.33	$49.12	$49.32	$49.32	19,448
2026-08-07	$49.32	$49.42	$49.29	$49.29	$49.29	3,993

#	Ticker	Name	Weight
1	GS	Goldman Sachs Group Inc	5.68%
2	BAC	Bank of America Corp	5.38%
3	CFG	Citizens Financial Group, Inc.	5.30%
4	C	Citigroup Inc.	5.27%
5	EWBC	East West Bancorp Inc	5.26%
6	USB	U.S. Bancorp	5.23%
7	PNC	PNC Financial Services Group Inc	5.20%
8	FITB	Fifth Third Bancorp	5.18%
9	JPM	JPMorgan Chase & Co	5.11%
10	MTB	M&T Bank Corporation	5.06%

Sector	Weight
Financial Services	99.99%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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CIBC Investor's Edge

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