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Compare Global X Equal Weight Canadian Banks Index ETF (HBNK) vs iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV) to find the best fit for your portfolio. HBNK provides Financials exposures, while XDIV is primarily weighted in Financials, Energy, and Utilities. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.1% for XDIV. Performance-wise, HBNK has returned 4.26% year-to-date with -$244 M in net flows, whereas XDIV is at 9.21% with +$497 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
XDIV
| AuM | $823.94 M | $4,551.22 M |
| Management Fees | 0.09% | 0.10% |
| Exp. ratio | 0.10% | 0.11% |
| Tracking Difference | -0.37% | 1.11% |
Historical performance and flows
As of April 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | +0.90% | +3.13% | +4.26% | +65.79% | - |
XDIV | +4.49% | +8.39% | +9.21% | +43.11% | +82.20% | |
| Flows | HBNK | -$151 M | -$243 M | -$244 M | -$505 M | - |
XDIV | +$86 M | +$485 M | +$497 M | +$1,603 M | +$2,626 M |
HBNK vs XDIV exposure
Countries
HBNK
Canada
99.69%
XDIV
Canada
99.66%
Sectors
HBNK
Financials
99.69%
XDIV
Financials
47.04%
Energy
27.88%
Utilities
11.67%
Consumer Discretionary
11.09%
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%
XDIV
SUNCOR ENERGY
10.13%
TORONTO DOMINION
9.64%
ROYAL BK CANADA
9.19%
SUN LIFE FINL
8.84%
MANULIFE-S
8.40%
FORTIS
6.89%
POWER CORPORATION OF CANADA
6.74%
PEMBINA PIPELINE
6.17%
RESTAURANT BRANDS INTL
5.25%
MAGNA INTERNATIONAL
4.15%
Diversification
HBNK
Total weight of top 10 holdings out of 6 total
99.69%
XDIV
Total weight of top 10 holdings out of 21 total
75.38%
Characteristics
Compare
HBNK
XDIV
| Provider | Global X | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.15% | 3.56% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | June 7, 2017 |
Frequently asked questions about HBNK and XDIV
Which ETF has performed better year to date: HBNK or XDIV?
As of April 6, 2026, HBNK has returned 4.26% year to date, while XDIV has returned 9.21%. XDIV is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or XDIV?
As of April 6, 2026, HBNK manages $823.94 M in assets, while XDIV manages $4.55 B. XDIV is the larger fund by AUM.
How are HBNK and XDIV managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. XDIV is passively managed by iShares. It tracks the MSCI Canada High Dividend Yield 10% Security Capped Net Total Return Index - CAD benchmark.
What sectors do HBNK and XDIV emphasize?
HBNK is most exposed to Financials. XDIV is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: HBNK or XDIV?
Year to date, HBNK has seen -$243.78 M in net flows, compared with +$496.56 M for XDIV. XDIV has attracted more net investor money so far.
How do the fees of HBNK and XDIV compare?
HBNK has an expense ratio of 0.10%, while XDIV has an expense ratio of 0.11%.
What are the top holdings of HBNK and XDIV?
HBNK's largest holdings include NATIONAL BANK OF CANADA, CDN IMPERIAL BK, and TORONTO DOMINION. XDIV's top holdings include SUNCOR ENERGY, TORONTO DOMINION, and ROYAL BK CANADA.
Which ETF is more diversified: HBNK or XDIV?
HBNK holds 6 securities, while XDIV holds 21. On holdings count, XDIV is the more diversified portfolio.
Recent articles about HBNK and XDIV
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.