BMO EQL WGT US BANK HDGD TO CAD IDX ETF…

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BMO EQL WGT US BANK HDGD TO CAD IDX ETF (ZUB.TO)

41.46

+0.29 (0.70%)

as of Aug 21, 2026, 6:57:52 pm Market Open.

88 watching

Investor Insights

Aug 21, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

The BMO EQL WGT US BANK HDGD TO CAD IDX ETF (ZUB-T) offers investors a diversified option for exposure to US banks without engaging in covered call strategies. This ETF is notable for its equal-weight approach, which allows for a balanced investment across various banks, including regional ones. Unlike other options such as UBNK, which is more concentrated on major banks, ZUB-T provides a broader range of exposure, making it an interesting choice for those looking to mitigate risk while investing in the financial sector. Additionally, investors have the choice between hedged and unhedged versions, catering to different currency risk preferences. Overall, ZUB-T stands out as a compelling product for thoughtful investors in the Canadian market seeking US bank exposure.

Consensus

Favorable

Valuation

Fair Value

Similar

XLF

PAST TOP PICK

(A Top Pick Nov 22/19, Up 4%) It recently enjoyed a recent breakout after a long consolidation this year. This means that this breakout will be powerful. Good to hold this for a while.

TOP PICK

He likes the US banking space -- holding about 9% in his portfolio. There was a breakout that occurred in October that triggered them to go long. He is not bullish on the Canadian banks, however. Yield 2.0%

DON'T BUY

He owns only JP Morgan, it's well managed. Later stages in the cycle. Net interest margins coming down is not good for financials. Since early 2018, any basket of US banks has been underperforming. A lot to do with interest rates. Not looking to add banks at this stage. Be cautious. Look at staples, utilities, or REITs instead.

DON'T BUY

Equal weight US bank with a currency hedge. The yield curve will invert sometime next year and then banks won't make money. Don’t put new money in but you can trade them today.

DON'T BUY

ZLB vs. ZUB These are low-volatility ETFs, and he isn't keen on low-vol. Low-vol means defensive sectors like utilities, and away from growth. He's slightly bullish the cyclical outlook. This is not a good entry point now, though otherwise both are good ETFs.

BUY

He likes the US banks. In the 4th quarters it got battered. But still likes them.

BUY

U.S. banks are much cheaper than ours and boast 10% growth rates. Trading at only 10x PE. They have loan growth. They all had a tough Q4 and, except for fixed income, the banks are operating well. So ZUB is a buy.

BUY

US equal weight banks hedged to CAD$. This is a fairly good trade over the next three months. Banks do well into mid-April. Over the next few months get the strongest months for the CAD$. It is a good trade.

BUY

The fact that the Fed insreased rates today should increase banks´ margins. The banks are exceptionally cheap with still very good growth rates. With a longer term view this is a cheap position.

COMMENT

She doesn't invest in ETFs and isn't familiar with this. If you want to play US banks, then an ETF could work though this one is hedged to the CAD, which she doesn't like. She prefers individual U.S. banks like JPM.

TOP PICK

Has totally sold off recently and is an attractive value now. He likes the Canadian banks but he thinks the US banks are better poised to increase with increasing interest rates. He is neutral on the Canadian dollar and thinks the US banks are undervalued.

DON'T BUY

ZBK-T vs. ZUB-T. ZBK has exposure with US$ and ZUB has the currency hedged. He does not love US banks however.

BUY

Probably would be a buyer. Owns ZBK instead. Likes US banks, not currency hedged, as thinks Canadian dollar will still see weakness. US banks cheaper than Canadian right now. US banks numbers pretty good today. Investors will come out of tech and will probably will go into US banks.

COMMENT

HHL-T vs ZUB-T: The performance has been mediocre since 2015. You're buying yield, but not getting growth. But there's nothing wrong with great yield. In ZUB, you get the opposite. Growth vs. yield: Which do you want?

PAST TOP PICK

(A Top Pick September 29/17 - Up 13%.) End of November to April is the period of strength in seasonality. So, they were a little earlier. But they liked the higher net interest margins. Banks is the way to benefit from raising interest rates.

Showing 16 to 30 of 127 entries

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