VS
CIBC Global Bond ex-Canada Index ETF (CGBI) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CGBI focuses its top 3 sector exposures on Sovereign, Banks, and Other sectors, while HBNK leans towards Finance. When evaluating costs, CGBI features a management fee (MER) of 0.19%, compared to 0.09% for HBNK. Performance-wise, CGBI has returned 0.67% year-to-date with +$139 M in net flows, whereas HBNK is at 32.84% with -$516 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
CGBI
HBNK
| AuM | $757.25 M | $733.38 M |
| Management Fees | 0.19% | 0.09% |
| Exp. ratio | 0.23% | 0.10% |
| Tracking Difference | 0.05% | -0.34% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CGBI | -1.15% | -0.25% | -0.67% | +0.77% | +7.34% |
HBNK | +1.96% | +16.00% | +32.84% | +68.52% | +147.88% | |
| Flows | CGBI | +$15 M | +$67 M | +$139 M | +$231 M | +$456 M |
HBNK | -$69 M | -$69 M | -$516 M | -$837 M | -$62 M |
CGBI vs HBNK exposure
Countries
CGBI
USA
28.70%
Other
21.31%
China
9.68%
Japan
7.45%
Other
32.86%
HBNK
Canada
99.94%
Sectors
CGBI
Sovereign
49.19%
Other
21.31%
Banks
8.01%
Other
21.49%
HBNK
Finance
99.94%
As of July 30, 2026
Top 10 Holdings
CGBI
USA, Notes 0.875% 15nov2030, USD (F-2030)
2.96%
US91282CNC19
2.87%
USA, Notes 4.25% 28feb2029, USD (V-2029)
2.66%
USA, Notes 2.875% 15may2028, USD (C-2028)
2.02%
US912810UM89
1.88%
Japan, JGB 0.1% 20dec2028, JPY
1.64%
China, Bonds 2.8% 24mar2029, CNY
1.61%
USA, Notes 2.75% 15aug2032, USD (E-2032)
1.59%
China Development Bank, 3.09% 9aug2028, CNY
1.52%
Japan, JGB 0.4% 20sep2040, JPY
1.49%
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
Diversification
CGBI
Total weight of top 10 holdings out of 337 total
20.23%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
CGBI
HBNK
| Provider | CIBC | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar Global ex-Canada Core Bond Hedged CAD Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.81% | 2.56% |
| Meets ESG criteria | No | No |
| Inception Date | September 16, 2021 | July 5, 2023 |
Frequently asked questions about CGBI and HBNK
Which ETF has performed better year to date: CGBI or HBNK?
As of July 30, 2026, CGBI has returned -0.67% year to date, while HBNK has returned 32.84%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CGBI or HBNK?
As of July 30, 2026, CGBI manages $757.25 M in assets, while HBNK manages $733.38 M. CGBI is the larger fund by AUM.
How are CGBI and HBNK managed?
CGBI is passively managed by CIBC. It tracks the Morningstar Global ex-Canada Core Bond Hedged CAD Index - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CGBI and HBNK emphasize?
CGBI is most exposed to Sovereign, Banks, and Other sectors. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: CGBI or HBNK?
Year to date, CGBI has seen +$139.33 M in net flows, compared with -$515.84 M for HBNK. CGBI has attracted more net investor money so far.
How do the fees of CGBI and HBNK compare?
CGBI has an expense ratio of 0.23%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of CGBI and HBNK?
CGBI's largest holdings include USA, Notes 0.875% 15nov2030, USD (F-2030) and USA, Notes 4.25% 28feb2029, USD (V-2029). HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: CGBI or HBNK?
CGBI holds 299 securities, while HBNK holds 6. On holdings count, CGBI is the more diversified portfolio.
Recent articles about CGBI and HBNK
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