VS
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CPD focuses its top 3 sector exposures on Financials, Energy, and Utilities, while HBNK leans towards Financials. When evaluating costs, CPD features a management fee (MER) of 0.45%, compared to 0.09% for HBNK. Performance-wise, CPD has returned 2.45% year-to-date with -$4 M in net flows, whereas HBNK is at 12.88% with -$458 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
CPD
HBNK
| AuM | $1,069.93 M | $674.13 M |
| Management Fees | 0.45% | 0.09% |
| Exp. ratio | 0.49% | 0.10% |
| Tracking Difference | -0.64% | -0.37% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CPD | +2.24% | +2.56% | +2.45% | +19.77% | +49.69% |
HBNK | +11.34% | +12.07% | +12.88% | +68.08% | - | |
| Flows | CPD | -$7 M | -$8 M | -$4 M | +$20 M | -$177 M |
HBNK | -$199 M | -$419 M | -$458 M | -$713 M | - |
CPD vs HBNK exposure
Countries
CPD
Canada
97.62%
HBNK
Canada
99.99%
Sectors
CPD
Financials
38.67%
Energy
20.97%
Utilities
16.55%
Other
14.91%
Other
8.89%
HBNK
Financials
99.99%
As of April 24, 2026
Top 10 Holdings
CPD
FORTIS INC CUM RED FXD PRF M
1.70%
TC ENERGY CORP PRF
1.67%
TORONTO DOMINION BANK NON CUM 5 YEAR RATE RESET FIRST PREF SHS CLASS A SERIES 1
1.48%
CANADIAN IMPERIAL BANK OF COMMERCE PRF
1.34%
BANK OF MONTREAL PRF
1.24%
NATIONAL BANK OF CANADA
1.23%
BCE CUM RED FST SRS AK PRF
1.13%
TC ENERGY CORP CUM REDEEM 1ST SRS 1 PRF
1.13%
PEMBINA PIPELINE CORP PRF
1.12%
TC ENERGY CORP SRS 9 CUM RED FIR PRF
1.11%
HBNK
ROYAL BK CANADA
17.11%
TORONTO DOMINION
16.89%
BNS
16.66%
BANK OF MONTREAL
16.52%
CDN IMPERIAL BK
16.47%
NATIONAL BANK OF CANADA
16.34%
Diversification
CPD
Total weight of top 10 holdings out of 153 total
13.14%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
CPD
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Preferred Share Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.00% | 2.91% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2007 | July 5, 2023 |
Frequently asked questions about CPD and HBNK
Which ETF has performed better year to date: CPD or HBNK?
As of April 24, 2026, CPD has returned 2.45% year to date, while HBNK has returned 12.88%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CPD or HBNK?
As of April 24, 2026, CPD manages $1.07 B in assets, while HBNK manages $674.13 M. CPD is the larger fund by AUM.
How are CPD and HBNK managed?
CPD is passively managed by iShares. It tracks the S&P/TSX Preferred Share Total Return 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 CPD and HBNK emphasize?
CPD is most exposed to Financials, Energy, and Utilities. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: CPD or HBNK?
Year to date, CPD has seen -$4.10 M in net flows, compared with -$457.71 M for HBNK. CPD has attracted more net investor money so far.
How do the fees of CPD and HBNK compare?
CPD has an expense ratio of 0.49%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of CPD and HBNK?
CPD's largest holdings include TC ENERGY CORP PRF and TORONTO-DOMINION BANK PRF. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: CPD or HBNK?
CPD holds 125 securities, while HBNK holds 6. On holdings count, CPD is the more diversified portfolio.
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