VS
Compare Global X Equal Weight Canadian Banks Index ETF (HBNK) vs iShares Canadian Value Index ETF (XCV) to find the best fit for your portfolio. HBNK provides Financials exposures, while XCV is primarily weighted in Financials, Energy, and Materials. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.5% for XCV. Performance-wise, HBNK has returned 4.26% year-to-date with -$244 M in net flows, whereas XCV is at 9.26% with +$43 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
XCV
| AuM | $823.94 M | $156.39 M |
| Management Fees | 0.09% | 0.50% |
| Exp. ratio | 0.10% | 0.55% |
| Tracking Difference | -0.37% | -0.93% |
Historical performance and flows
As of April 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | +0.90% | +3.13% | +4.26% | +65.79% | - |
XCV | +2.94% | +9.05% | +9.26% | +55.69% | +92.24% | |
| Flows | HBNK | -$151 M | -$243 M | -$244 M | -$505 M | - |
XCV | +$28 M | +$43 M | +$43 M | +$48 M | +$7 M |
HBNK vs XCV exposure
Countries
HBNK
Canada
99.69%
XCV
Canada
99.66%
Sectors
HBNK
Financials
99.69%
XCV
Financials
59.01%
Energy
27.10%
Other
13.89%
As of April 6, 2026
Top 10 Holdings
HBNK
NATIONAL BANK OF CANADA
17.58%
CDN IMPERIAL BK
17.35%
TORONTO DOMINION
17.25%
BNS
16.27%
ROYAL BK CANADA
15.76%
BANK OF MONTREAL
15.48%
XCV
TORONTO DOMINION
9.76%
ROYAL BK CANADA
9.26%
ENBRIDGE
7.96%
BANK OF MONTREAL
7.40%
CDN IMPERIAL BK
6.72%
BNS
6.63%
CDN NATURAL RESOURCE
6.27%
SUNCOR ENERGY
4.65%
TC ENERGY CORP
4.58%
MANULIFE-S
4.22%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.69%
XCV
Total weight of top 10 holdings out of 35 total
67.44%
Characteristics
Compare
HBNK
XCV
| Provider | Global X | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | Dow Jones Canada Select Value Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.15% | 2.51% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | November 6, 2006 |
Frequently asked questions about HBNK and XCV
Which ETF has performed better year to date: HBNK or XCV?
As of April 6, 2026, HBNK has returned 4.26% year to date, while XCV has returned 9.26%. XCV is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or XCV?
As of April 6, 2026, HBNK manages $823.94 M in assets, while XCV manages $156.39 M. HBNK is the larger fund by AUM.
How are HBNK and XCV managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. XCV is passively managed by iShares. It tracks the Dow Jones Canada Select Value Total Return Index - CAD benchmark.
What sectors do HBNK and XCV emphasize?
HBNK is most exposed to Financials. XCV is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: HBNK or XCV?
Year to date, HBNK has seen -$243.78 M in net flows, compared with +$43.39 M for XCV. XCV has attracted more net investor money so far.
How do the fees of HBNK and XCV compare?
HBNK has an expense ratio of 0.10%, while XCV has an expense ratio of 0.55%.
What are the top holdings of HBNK and XCV?
HBNK's largest holdings include NATIONAL BANK OF CANADA, CDN IMPERIAL BK, and TORONTO DOMINION. XCV's top holdings include TORONTO DOMINION, ROYAL BK CANADA, and ENBRIDGE.
Which ETF is more diversified: HBNK or XCV?
HBNK holds 6 securities, while XCV holds 35. On holdings count, XCV is the more diversified portfolio.
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