Question 1

What is ZEB?

Accepted Answer

ZEB (BMO S&P/TSX Equal Weight Banks) 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 ZEB ETF price today?

Accepted Answer

ZEB last traded at $76.28 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZEB MER (management expense ratio)?

Accepted Answer

ZEB 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%, ZEB is considered a low-cost ETF.

Question 4

What are ZEB annualised returns?

Accepted Answer

ZEB historical returns: YTD: +29.71%, 1-year: +64.46%, 3-year annualised: +34.57%, 5-year annualised: +20.41%, 10-year annualised: +16.78%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.76, which measures risk-adjusted return.

Question 5

Does ZEB pay dividends or distributions?

Accepted Answer

Yes, ZEB distributes income to unitholders. The current distribution yield is approximately 2.30%, paid monthly. 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 ZEB invest in?

Accepted Answer

ZEB's top holdings include Toronto Dominion Bank (TD, 17.4%), Royal Bank of Canada (RY, 17.3%), Bank of Montreal (BMO, 17.1%), Bank of Nova Scotia (BNS, 16.5%), Canadian Imperial Bank Of Commerce (CM, 15.9%) — and 1 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 ZEB invest in?

Accepted Answer

ZEB'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 ZEB? (Assets under management)

Accepted Answer

ZEB has approximately $6.97B 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 ZEB launched?

Accepted Answer

ZEB was launched on October 20, 2009, giving it a 17-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 ZEB in Canada?

Accepted Answer

ZEB trades on the TSX under the ticker ZEB. 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 ZEB?

Accepted Answer

ZEB has a 1-year volatility of 15.12% and a beta of 1.10 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.76 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
2026-07-31	$76.33	$76.78	$76.21	$76.28	$76.28	1,132,376
2026-07-30	$75.59	$76.41	$75.50	$76.16	$76.16	828,569
2026-07-29	$77.11	$77.11	$74.81	$75.01	$74.86	1,860,895
2026-07-28	$76.34	$77.54	$75.80	$77.50	$77.50	1,929,100
2026-07-27	$76.73	$77.09	$76.05	$76.64	$76.64	1,836,163
2026-07-24	$75.96	$76.51	$75.90	$76.29	$76.29	1,153,296
2026-07-23	$76.09	$76.09	$75.33	$75.80	$75.80	1,194,021
2026-07-22	$76.60	$77.25	$76.44	$76.71	$76.71	1,386,399
2026-07-21	$76.57	$76.86	$76.10	$76.65	$76.65	1,285,678
2026-07-20	$78.18	$78.38	$76.26	$76.34	$76.34	3,163,030

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%

Ticker	Name	Price	1D
AMZU		$28.46	+30.19%
AMHE-U	Harvest Amazon Enhanced High Income Shares ETF	$14.27	+16.68%
COID		$8.24	+16.38%
AMHE	Harvest Amazon Enhanced High Income Shares ETF - Class A Units	$14.70	+14.84%
ALPU		$19.24	+13.51%
AMZH-U	Harvest Amazon High Income Shares ETF	$13.87	+13.13%
MSFH-U	Harvest Microsoft Enhanced High Income Shares ETF	$9.48	+12.46%
PINV	Purpose Global Innovators Fund ETF	$31.26	+12.08%

BMO S&P/TSX Equal Weight Banks (ZEB : TSX)

CIBC Investor's Edge

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 — ZEB

What is ZEB?

What is the ZEB ETF price today?

What is the ZEB MER (management expense ratio)?

What are ZEB annualised returns?

Does ZEB pay dividends or distributions?

What does ZEB invest in?

What sectors does ZEB invest in?

How large is ZEB? (Assets under management)

When was ZEB launched?

How do I buy ZEB in Canada?

How risky is ZEB?

Recent ETF movers

ZEB.TO news timeline

Best Bank ETF Canada for August 2026

July 2024

July 2023

Period	Return
YTD	+29.71%
1 Year	+64.46%
3 Year (Ann.)	+34.57%
5 Year (Ann.)	+20.41%
10 Year (Ann.)	+16.78%
1Y Volatility	15.12%
Sharpe Ratio (3Y)	1.76

#	Ticker	Name	Weight
1	TD	Toronto Dominion Bank	17.42%
2	RY	Royal Bank of Canada	17.35%
3	BMO	Bank of Montreal	17.05%
4	BNS	Bank of Nova Scotia	16.52%
5	CM	Canadian Imperial Bank Of Commerce	15.86%
6	NA	National Bank of Canada	15.80%