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Fidelity Global Equity+ Fund (FGEP) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FGEP focuses its top 3 sector exposures on Information Technology, Consumer Discretionary, and Consumer Staples, while HBNK leans towards Financials. When evaluating costs, FGEP features a management fee (MER) of 0.9%, compared to 0.09% for HBNK. Performance-wise, FGEP has returned 12.78% year-to-date with +$61 M in net flows, whereas HBNK is at 15.57% with -$444 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
FGEP
HBNK
| AuM | $308.68 M | $702.48 M |
| Management Fees | 0.90% | 0.09% |
| Exp. ratio | 1.16% | 0.10% |
| Tracking Difference | - | -0.43% |
Historical performance and flows
As of May 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FGEP | +4.57% | +7.50% | +12.78% | +29.97% | - |
HBNK | +4.93% | +12.74% | +15.57% | +63.28% | - | |
| Flows | FGEP | +$27 M | +$48 M | +$61 M | +$118 M | - |
HBNK | -$199 M | -$383 M | -$444 M | -$700 M | - |
FGEP vs HBNK exposure
Countries
FGEP
USA
43.43%
Canada
27.31%
Other
18.62%
Other
10.64%
HBNK
Canada
99.99%
Sectors
FGEP
Other
21.98%
Information Technology
21.54%
Consumer Discretionary
10.34%
Consumer Staples
10.14%
Industrials
9.11%
Other
26.90%
HBNK
Financials
99.99%
As of May 12, 2026
Top 10 Holdings
FGEP
NVIDIA
3.76%
APPLE
3.43%
AMAZON.COM INC
2.90%
METRO
2.25%
MICROSOFT-T
2.03%
META PLATFORMS
1.94%
BROADCOM LIMITED
1.71%
CA01626P1484
1.61%
IMPERIAL BRANDS PLC
1.57%
BCE
1.41%
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
FGEP
Total weight of top 10 holdings out of 206 total
22.61%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
FGEP
HBNK
| Provider | Fidelity | 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 | 0.00% | 2.87% |
| Meets ESG criteria | No | No |
| Inception Date | May 16, 2024 | July 5, 2023 |
Frequently asked questions about FGEP and HBNK
Which ETF has performed better year to date: FGEP or HBNK?
As of May 12, 2026, FGEP has returned 12.78% year to date, while HBNK has returned 15.57%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: FGEP or HBNK?
As of May 12, 2026, FGEP manages $308.68 M in assets, while HBNK manages $702.48 M. HBNK is the larger fund by AUM.
How are FGEP and HBNK managed?
FGEP is actively managed by Fidelity. 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 FGEP and HBNK emphasize?
FGEP is most exposed to Information Technology, Consumer Discretionary, and Consumer Staples. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: FGEP or HBNK?
Year to date, FGEP has seen +$61.19 M in net flows, compared with -$444.13 M for HBNK. FGEP has attracted more net investor money so far.
How do the fees of FGEP and HBNK compare?
FGEP has an expense ratio of 1.16%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of FGEP and HBNK?
FGEP's largest holdings include NVIDIA and APPLE. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: FGEP or HBNK?
FGEP holds 197 securities, while HBNK holds 6. On holdings count, FGEP is the more diversified portfolio.
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