VS
Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) and HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF (HEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CBNK focuses its top 3 sector exposures on Finance and Sovereign, while HEB leans towards Finance. When evaluating costs, CBNK features a management fee (MER) of 0.65%, compared to 0.19% for HEB. Performance-wise, CBNK has returned 43.3% year-to-date with +$21 M in net flows, whereas HEB is at 32.41% with +$53 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
HEB
| AuM | $199.37 M | $1,404.53 M |
| Management Fees | 0.65% | 0.19% |
| Exp. ratio | 1.68% | 0.25% |
| Tracking Difference | - | -0.38% |
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% |
HEB | -0.31% | +11.07% | +32.41% | +55.63% | +161.72% | |
| Flows | CBNK | +$6 M | +$13 M | +$21 M | +$12 M | +$25 M |
HEB | -$31 M | +$0 M | +$53 M | +$96 M | +$116 M |
CBNK vs HEB exposure
Countries
CBNK
Canada
99.95%
HEB
Canada
99.92%
Sectors
CBNK
Finance
98.64%
HEB
Finance
99.92%
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%
HEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.06%
The Toronto-Dominion Bank
16.87%
The Bank of Nova Scotia
16.44%
Canadian Imperial Bank of Commerce
16.11%
National Bank of Canada
16.04%
Diversification
CBNK
Total weight of top 10 holdings out of 8 total
99.95%
HEB
Total weight of top 10 holdings out of 6 total
99.92%
Characteristics
Compare
CBNK
HEB
| Provider | Mulvihill | Hamilton ETFs |
| 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% | 2.64% |
| Meets ESG criteria | No | No |
| Inception Date | February 25, 2022 | April 3, 2023 |
Frequently asked questions about CBNK and HEB
Which ETF has performed better year to date: CBNK or HEB?
As of September 3, 2026, CBNK has returned 43.30% year to date, while HEB has returned 32.41%. CBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CBNK or HEB?
As of September 3, 2026, CBNK manages $199.37 M in assets, while HEB manages $1.40 B. HEB is the larger fund by AUM.
How are CBNK and HEB managed?
CBNK is actively managed by Mulvihill. It does not track an index. HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CBNK and HEB emphasize?
CBNK is most exposed to Finance and Sovereign. HEB is most exposed to Finance.
Which ETF is attracting more investor flows: CBNK or HEB?
Year to date, CBNK has seen +$20.85 M in net flows, compared with +$53.31 M for HEB. HEB has attracted more net investor money so far.
How do the fees of CBNK and HEB compare?
CBNK has an expense ratio of 1.68%, while HEB has an expense ratio of 0.25%.
What are the top holdings of CBNK and HEB?
CBNK's largest holdings include Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank, and Bank of Montreal. HEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: CBNK or HEB?
CBNK holds 8 securities, while HEB holds 6. On holdings count, CBNK is the more diversified portfolio.
Recent articles about CBNK and HEB
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