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 $47.87 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: +10.96%, 1-year: +39.75%, 3-year annualised: +32.06%, 5-year annualised: +10.39%, 10-year annualised: +13.38%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.17, 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 1.81%, 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 East West Bancorp Inc (EWBC, 5.5%), Goldman Sachs Group Inc (GS, 5.5%), Citigroup Inc. (C, 5.5%), Pinnacle Financial Partners, Inc. (PNFP, 5.2%), Citizens Financial Group, Inc. (CFG, 5.1%) — 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 $644M 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 13.01% and a beta of 1.89 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.17 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
2026-06-22	$47.75	$48.08	$47.75	$47.87	$47.87	3,205
2026-06-19	$47.25	$47.40	$47.25	$47.35	$47.35	2,601
2026-06-18	$47.60	$47.85	$47.17	$47.28	$47.28	32,400
2026-06-17	$47.23	$47.89	$47.08	$47.30	$47.30	44,901
2026-06-16	$47.23	$47.36	$47.19	$47.30	$47.30	20,960
2026-06-15	$47.75	$47.85	$46.67	$46.75	$46.75	26,724
2026-06-12	$46.80	$47.38	$46.80	$47.27	$47.27	61,432
2026-06-11	$45.98	$46.55	$45.87	$46.42	$46.42	27,399
2026-06-10	$45.70	$46.14	$45.68	$45.70	$45.70	18,005
2026-06-09	$46.00	$46.35	$45.45	$45.90	$45.90	34,132

#	Ticker	Name	Weight
1	EWBC	East West Bancorp Inc	5.51%
2	GS	Goldman Sachs Group Inc	5.48%
3	C	Citigroup Inc.	5.45%
4	PNFP	Pinnacle Financial Partners, Inc.	5.16%
5	CFG	Citizens Financial Group, Inc.	5.12%
6	KEY	KeyCorp	5.10%
7	WBS	Webster Financial Corporation	5.07%
8	BAC	Bank of America Corp	5.05%
9	PNC	PNC Financial Services Group Inc	5.01%
10	FHN	First Horizon Corporation	5.01%

Sector	Weight
Financial Services	100.00%
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%

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

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

7 stocks to buy and hold forever

Compare ZBK

Explore More

Compare ZBK vs Similar ETFs

Frequently Asked Questions — ZBK