Global X Equal Weight Canadian Banks Index ETF (HBNK) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HBNK focuses its top 3 sector exposures on Financials, while BANK leans towards Financials. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.6% for BANK. Performance-wise, HBNK has returned 22.77% year-to-date with -$414 M in net flows, whereas BANK is at 20.7% with +$136 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
| AuM | $776.06 M | $1,096.94 M |
| Management Fees | 0.09% | 0.60% |
| Exp. ratio | 0.10% | 0.83% |
| Tracking Difference | -0.41% | - |
Historical performance and flows
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | +6.79% | +19.80% | +22.77% | +64.40% | - |
BANK | +6.69% | +22.69% | +20.70% | +56.63% | +88.87% | |
| Flows | HBNK | +$34 M | -$200 M | -$414 M | -$666 M | - |
BANK | +$44 M | +$58 M | +$136 M | +$372 M | +$769 M |
HBNK vs BANK exposure
Countries
Sectors
Top 10 Holdings
Diversification
Characteristics
| Provider | Global X | Evolve ETFs |
| Management | Passively managed | Actively 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 | 2.72% | 11.66% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | February 1, 2022 |
Frequently asked questions about HBNK and BANK
Which ETF has performed better year to date: HBNK or BANK?
Which ETF is larger by assets under management: HBNK or BANK?
How are HBNK and BANK managed?
What sectors do HBNK and BANK emphasize?
Which ETF is attracting more investor flows: HBNK or BANK?
How do the fees of HBNK and BANK compare?
What are the top holdings of HBNK and BANK?
Which ETF is more diversified: HBNK or BANK?
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