Question 1

What is ZEB?

Accepted Answer

ZEB (BMO S&P/TSX Equal Weight Banks) is a Canadian-listed ETF trading on the TSX. It tracks the Morningstar Gbl Fin Svc GR CAD.

Question 2

What is the ZEB ETF price today?

Accepted Answer

ZEB last traded at $75.02 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: +27.56%, 1-year: +44.47%, 3-year annualised: +38.64%, 5-year annualised: +18.79%, 10-year annualised: +15.59%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.78, 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 2.33%, 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, 17.8%), Bank of Nova Scotia (BNS, 17.0%), Bank of Montreal (BMO, 17.0%), Canadian Imperial Bank Of Commerce (CM, 17.0%), Royal Bank of Canada (RY, 17.0%) — 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 (103.5%), 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 ZEB? (Assets under management)

Accepted Answer

ZEB has approximately $6.98B 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 17.68% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.78 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	$74.62	$75.19	$74.31	$75.02	$75.02	2,732,039
2026-10-21	$74.30	$75.31	$74.30	$75.23	$75.23	868,566
2026-10-20	$73.28	$74.25	$73.08	$73.98	$73.98	1,006,033
2026-10-19	$73.65	$73.81	$73.16	$73.38	$73.38	771,341
2026-10-16	$73.87	$74.50	$73.56	$73.91	$73.91	1,596,346
2026-10-15	$72.86	$73.87	$72.50	$73.83	$73.83	959,404
2026-10-14	$72.81	$73.01	$72.36	$72.88	$72.88	1,879,809
2026-10-13	$72.37	$73.41	$72.25	$73.30	$73.30	1,185,539
2026-10-09	$71.27	$72.14	$71.15	$72.07	$72.07	848,000
2026-10-08	$70.97	$71.53	$70.71	$71.04	$71.04	1,630,841

Sector	Weight
Financial Services	103.47%
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 S&P/TSX Equal Weight Banks (ZEB : TSX)

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

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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

BMO S&P/TSX Equal Weight Banks (ZEB.TO) pays CA$0.148 today

February 2026

July 2024

July 2023

Period	Return
YTD	+27.56%
1 Year	+44.47%
3 Year (Ann.)	+38.64%
5 Year (Ann.)	+18.79%
10 Year (Ann.)	+15.59%
1Y Volatility	17.68%
Sharpe Ratio (3Y)	1.78

#	Ticker	Name	Weight
1	TD	Toronto Dominion Bank	17.84%
2	BNS	Bank of Nova Scotia	16.98%
3	BMO	Bank of Montreal	17.01%
4	CM	Canadian Imperial Bank Of Commerce	17.02%
5	RY	Royal Bank of Canada	16.98%
6	NA	National Bank of Canada	16.08%