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Global X Equal Weight Canadian Banks Index ETF (HBNK) and Harvest Premium Yield Canadian Bank ETF (HPYB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HBNK focuses its top 3 sector exposures on Financials, while HPYB leans towards Financials. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.65% for HPYB. 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
HPYB
| AuM | $749.76 M | $35.91 M |
| Management Fees | 0.09% | 0.65% |
| Exp. ratio | 0.10% | 0.65% |
| Tracking Difference | -0.43% | - |
Historical performance and flows
As of May 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | +7.07% | +11.89% | +21.13% | +65.49% | - |
HPYB | +3.92% | +6.86% | - | - | - | |
| Flows | HBNK | +$26 M | -$350 M | -$431 M | -$688 M | - |
HPYB | +$7 M | +$22 M | - | - | - |
HBNK vs HPYB exposure
Countries
HBNK
Canada
99.99%
HPYB
Canada
87.50%
Other
12.50%
Sectors
HBNK
Financials
99.99%
HPYB
Financials
87.50%
Other
12.50%
As of May 26, 2026
Top 10 Holdings
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%
HPYB
ROYAL BK CANADA
15.90%
BNS
15.60%
CDN IMPERIAL BK
14.30%
BANK OF MONTREAL
14.10%
TORONTO DOMINION
13.80%
NATIONAL BANK OF CANADA
13.80%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
HPYB
Total weight of top 10 holdings out of 6 total
87.50%
Characteristics
Compare
HBNK
HPYB
| Provider | Global X | Harvest Portfolios Group |
| 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 | 2.74% | - |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | January 21, 2026 |
Frequently asked questions about HBNK and HPYB
Which ETF is larger by assets under management: HBNK or HPYB?
As of May 26, 2026, HBNK manages $749.76 M in assets, while HPYB manages $35.91 M. HBNK is the larger fund by AUM.
How are HBNK and HPYB managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HPYB is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do HBNK and HPYB emphasize?
HBNK is most exposed to Financials. HPYB is most exposed to Financials.
How do the fees of HBNK and HPYB compare?
HBNK has an expense ratio of 0.10%, while HPYB has an expense ratio of 0.65%.
What are the top holdings of HBNK and HPYB?
HBNK's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS. HPYB's top holdings include ROYAL BK CANADA, BNS, and CDN IMPERIAL BK.
Which ETF is more diversified: HBNK or HPYB?
HBNK holds 6 securities, while HPYB holds 6. On holdings count, HBNK is the more diversified portfolio.
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