VS
CIBC 2029 Investment Grade Bond Fund (CTBE) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CTBE focuses its top 3 sector exposures on Real estate investment and services, Pipelines, and Communication services, while HBNK leans towards Finance. When evaluating costs, CTBE features a management fee (MER) of 0.15%, compared to 0.09% for HBNK. Performance-wise, CTBE has returned 1.24% year-to-date with +$37 M in net flows, whereas HBNK is at 30.59% with -$519 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
CTBE
HBNK
| AuM | $74.32 M | $719.17 M |
| Management Fees | 0.15% | 0.09% |
| Exp. ratio | 0.23% | 0.10% |
| Tracking Difference | - | -0.44% |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBE | -0.15% | +1.21% | +1.24% | +3.24% | - |
HBNK | -0.42% | +16.60% | +30.59% | +64.73% | +143.67% | |
| Flows | CTBE | +$6 M | +$18 M | +$37 M | +$51 M | - |
HBNK | -$77 M | -$62 M | -$519 M | -$839 M | -$66 M |
CTBE vs HBNK exposure
Countries
CTBE
Canada
90.40%
USA
8.82%
HBNK
Canada
99.94%
Sectors
CTBE
Real estate investment and services
16.27%
Pipelines
13.37%
Communication services
10.50%
Water, heat and gas supply
7.74%
Other
52.13%
HBNK
Finance
99.94%
As of July 29, 2026
Top 10 Holdings
CTBE
Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14)
5.25%
Nestle Holdings, 2.192% 26jan2029, CAD (114)
5.07%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
4.98%
Allied Properties REIT, 3.394% 15aug2029, CAD (D)
4.96%
Ontario Power Generation, 2.977% 13sep2029, CAD (4)
4.90%
Dollarama Inc., 2.443% 9jul2029, CAD
4.89%
AIMCo Realty Investors LP, 2.712% 1jun2029, CAD
4.87%
CT Real Estate Investment Trust, 3.029% 5feb2029, CAD (H)
4.84%
TransCanada PipeLines, 3% 18sep2029, CAD
4.82%
Enbridge Gas, 2.37% 9aug2029, CAD
4.79%
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
CTBE
Total weight of top 10 holdings out of 29 total
49.38%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
CTBE
HBNK
| Provider | CIBC | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.50% | 2.58% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | July 5, 2023 |
Frequently asked questions about CTBE and HBNK
Which ETF has performed better year to date: CTBE or HBNK?
As of July 29, 2026, CTBE has returned 1.24% year to date, while HBNK has returned 30.59%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CTBE or HBNK?
As of July 29, 2026, CTBE manages $74.32 M in assets, while HBNK manages $719.17 M. HBNK is the larger fund by AUM.
How are CTBE and HBNK managed?
CTBE is actively managed by CIBC. 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 CTBE and HBNK emphasize?
CTBE is most exposed to Real estate investment and services, Pipelines, and Communication services. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: CTBE or HBNK?
Year to date, CTBE has seen +$37.16 M in net flows, compared with -$519.23 M for HBNK. CTBE has attracted more net investor money so far.
How do the fees of CTBE and HBNK compare?
CTBE has an expense ratio of 0.23%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of CTBE and HBNK?
CTBE's largest holdings include Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14), Nestle Holdings, 2.192% 26jan2029, CAD (114), and Province of Ontario, 1.55% 1nov2029, CAD (DMTN251). HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: CTBE or HBNK?
CTBE holds 29 securities, while HBNK holds 6. On holdings count, CTBE is the more diversified portfolio.
Recent articles about CTBE and HBNK
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.