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Compare Global X Equal Weight Canadian Banks Index ETF (HBNK) vs Hamilton Canadian Bank Equal-Weight Index ETF (HEB) to find the best fit for your portfolio. HBNK and HEB provide the same top sector exposures: Financials. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.19% for HEB. Performance-wise, HBNK has returned 21.73% year-to-date with -$415 M in net flows, whereas HEB is at 21.71% with +$49 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
HBNK
HEB
| AuM | $768.47 M | $1,295.82 M |
| Management Fees | 0.09% | 0.19% |
| Exp. ratio | 0.10% | 0.25% |
| Tracking Difference | -0.41% | -0.38% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | +5.68% | +18.79% | +21.73% | +63.01% | - |
HEB | +5.67% | +18.78% | +21.71% | +63.03% | +140.59% | |
| Flows | HBNK | +$32 M | -$201 M | -$415 M | -$667 M | - |
HEB | +$12 M | +$24 M | +$49 M | +$104 M | +$136 M |
HBNK vs HEB exposure
Countries
HBNK
Canada
99.93%
HEB
Canada
100.10%
Sectors
HBNK
Financials
99.93%
HEB
Financials
100.10%
As of June 8, 2026
Top 10 Holdings
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
HEB
ROYAL BK CANADA
17.00%
TORONTO DOMINION
17.00%
BANK OF MONTREAL
16.70%
BNS
16.60%
CDN IMPERIAL BK
16.50%
NATIONAL BANK OF CANADA
16.30%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
HEB
Total weight of top 10 holdings out of 6 total
100.10%
Characteristics
Compare
HBNK
HEB
| Provider | Global X | Hamilton ETFs |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR 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 | 2.75% | 2.79% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | April 3, 2023 |
Frequently asked questions about HBNK and HEB
Which ETF has performed better year to date: HBNK or HEB?
As of June 8, 2026, HBNK has returned 21.73% year to date, while HEB has returned 21.71%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or HEB?
As of June 8, 2026, HBNK manages $768.47 M in assets, while HEB manages $1.30 B. HEB is the larger fund by AUM.
How are HBNK and HEB managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HBNK and HEB emphasize?
HBNK is most exposed to Financials. HEB is most exposed to Financials.
Which ETF is attracting more investor flows: HBNK or HEB?
Year to date, HBNK has seen -$414.79 M in net flows, compared with +$48.81 M for HEB. HEB has attracted more net investor money so far.
How do the fees of HBNK and HEB compare?
HBNK has an expense ratio of 0.10%, while HEB has an expense ratio of 0.25%.
What are the top holdings of HBNK and HEB?
HBNK's largest holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA. HEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BANK OF MONTREAL.
Which ETF is more diversified: HBNK or HEB?
HBNK holds 6 securities, while HEB holds 6. On holdings count, HBNK is the more diversified portfolio.
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