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 $47.70 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: +10.57%, 1-year: +22.74%, 3-year annualised: +32.64%, 5-year annualised: +10.30%, 10-year annualised: +12.95%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.21, 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 1.70%, 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 Bank of America Corp (BAC, 5.4%), Citigroup Inc. (C, 5.3%), Goldman Sachs Group Inc (GS, 5.3%), Citizens Financial Group, Inc. (CFG, 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 $803M 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 15.23% and a beta of 1.76 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.21 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
2026-09-10	$47.31	$47.70	$47.31	$47.70	$47.70	25,018
2026-09-09	$47.44	$47.80	$47.42	$47.50	$47.50	11,627
2026-09-08	$47.86	$47.97	$47.58	$47.59	$47.59	18,808
2026-09-04	$48.26	$48.49	$48.26	$48.33	$48.33	13,900
2026-09-03	$47.72	$48.24	$47.72	$48.17	$48.17	37,617
2026-09-02	$47.09	$48.17	$47.09	$47.67	$47.67	34,426
2026-09-01	$47.09	$47.55	$46.86	$46.93	$46.93	33,526
2026-08-31	$47.52	$47.54	$47.20	$47.24	$47.24	13,045
2026-08-28	$47.80	$47.95	$47.75	$47.89	$47.89	29,058
2026-08-27	$47.37	$47.69	$47.33	$47.62	$47.62	24,404

#	Ticker	Name	Weight
1	BAC	Bank of America Corp	5.43%
2	C	Citigroup Inc.	5.30%
3	GS	Goldman Sachs Group Inc	5.29%
4	CFG	Citizens Financial Group, Inc.	5.26%
5	EWBC	East West Bancorp Inc	5.25%
6	JPM	JPMorgan Chase & Co	5.18%
7	PNC	PNC Financial Services Group Inc	5.17%
8	USB	U.S. Bancorp	5.13%
9	FITB	Fifth Third Bancorp	5.09%
10	PNFP	Pinnacle Financial Partners, Inc.	5.07%

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%

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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