VS
Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CBNK focuses its top 3 sector exposures on Finance and Sovereign, while HBNK leans towards Finance. When evaluating costs, CBNK features a management fee (MER) of 0.65%, compared to 0.09% for HBNK. Performance-wise, CBNK has returned 43.3% year-to-date with +$21 M in net flows, whereas HBNK is at 32.46% with -$509 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CBNK
HBNK
| AuM | $199.37 M | $736.43 M |
| Management Fees | 0.65% | 0.09% |
| Exp. ratio | 1.68% | 0.10% |
| Tracking Difference | - | -0.35% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CBNK | -0.76% | +14.14% | +43.30% | +73.18% | +206.82% |
HBNK | -0.30% | +11.09% | +32.46% | +55.67% | +162.45% | |
| Flows | CBNK | +$6 M | +$13 M | +$21 M | +$12 M | +$25 M |
HBNK | +$7 M | -$91 M | -$509 M | -$686 M | -$82 M |
CBNK vs HBNK exposure
Countries
CBNK
Canada
99.95%
HBNK
Canada
99.59%
Sectors
CBNK
Finance
98.64%
HBNK
Finance
99.59%
As of September 3, 2026
Top 10 Holdings
CBNK
Canadian Imperial Bank of Commerce
15.36%
The Toronto-Dominion Bank
15.30%
Bank of Montreal
15.23%
National Bank of Canada
15.20%
Royal Bank of Canada
15.15%
The Bank of Nova Scotia
14.60%
Premium Income Corp.
7.79%
Canada, Bills 0% 21oct2026, CAD (182D)
1.32%
HBNK
Royal Bank of Canada
17.26%
Bank of Montreal
17.04%
The Toronto-Dominion Bank
16.90%
The Bank of Nova Scotia
16.41%
Canadian Imperial Bank of Commerce
16.05%
National Bank of Canada
15.93%
Diversification
CBNK
Total weight of top 10 holdings out of 8 total
99.95%
HBNK
Total weight of top 10 holdings out of 6 total
99.59%
Characteristics
Compare
CBNK
HBNK
| Provider | Mulvihill | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.30% | 2.59% |
| Meets ESG criteria | No | No |
| Inception Date | February 25, 2022 | July 5, 2023 |
Frequently asked questions about CBNK and HBNK
Which ETF has performed better year to date: CBNK or HBNK?
As of September 3, 2026, CBNK has returned 43.30% year to date, while HBNK has returned 32.46%. CBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CBNK or HBNK?
As of September 3, 2026, CBNK manages $199.37 M in assets, while HBNK manages $736.43 M. HBNK is the larger fund by AUM.
How are CBNK and HBNK managed?
CBNK is actively managed by Mulvihill. It does not track an index. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CBNK and HBNK emphasize?
CBNK is most exposed to Finance and Sovereign. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: CBNK or HBNK?
Year to date, CBNK has seen +$20.85 M in net flows, compared with -$509.07 M for HBNK. CBNK has attracted more net investor money so far.
How do the fees of CBNK and HBNK compare?
CBNK has an expense ratio of 1.68%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of CBNK and HBNK?
CBNK's largest holdings include Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank, and Bank of Montreal. HBNK's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: CBNK or HBNK?
CBNK holds 8 securities, while HBNK holds 6. On holdings count, CBNK is the more diversified portfolio.
Recent articles about CBNK and HBNK
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