VS
When evaluating costs, HCAL features a management fee (MER) of 0.65%, compared to 0.55% for XFN. Performance-wise, HCAL has returned 15.67% year-to-date with +$0 M in net flows, whereas XFN is at 7.15% with -$39 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
HCAL
XFN
| AuM | $898.53 M | $2,073.90 M |
| Management Fees | 0.65% | 0.55% |
| Exp. ratio | 2.08% | 0.61% |
| Tracking Difference | - | -0.91% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HCAL | +14.14% | +14.74% | +15.67% | +87.62% | +144.81% |
XFN | +10.59% | +7.28% | +7.15% | +46.48% | +101.52% | |
| Flows | HCAL | +$3 M | -$2 M | +$0 M | -$26 M | +$15 M |
XFN | -$106 M | -$55 M | -$39 M | -$292 M | -$414 M |
HCAL vs XFN exposure
Countries
HCAL
Exposure data will be available soon
XFN
Canada
99.85%
Sectors
HCAL
Exposure data will be available soon
XFN
Financials
89.74%
Other
10.27%
As of April 24, 2026
Top 10 Holdings
HCAL
Exposure data will be available soon
XFN
ROYAL BK CANADA
21.56%
TORONTO DOMINION
14.95%
BANK OF MONTREAL
9.13%
CA11271J1075
8.52%
CDN IMPERIAL BK
8.40%
BNS
8.16%
MANULIFE-S
5.51%
NATIONAL BANK OF CANADA
4.79%
FAIRFAX FINANCIAL HOLDINGS
3.35%
SUN LIFE FINL
3.31%
Diversification
HCAL
Exposure data will be available soon
XFN
Total weight of top 10 holdings out of 24 total
87.67%
Characteristics
Compare
HCAL
XFN
| Provider | Hamilton ETFs | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Bank Mean Reversion GTR Index - CAD | S&P/TSX Capped Financials Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.68% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | October 14, 2020 | March 23, 2001 |
Frequently asked questions about HCAL and XFN
Which ETF has performed better year to date: HCAL or XFN?
As of April 24, 2026, HCAL has returned 15.67% year to date, while XFN has returned 7.15%. HCAL is ahead on YTD performance.
Which ETF is larger by assets under management: HCAL or XFN?
As of April 24, 2026, HCAL manages $898.53 M in assets, while XFN manages $2.07 B. XFN is the larger fund by AUM.
How are HCAL and XFN managed?
HCAL is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Bank Mean Reversion GTR Index - CAD benchmark. XFN is passively managed by iShares. It tracks the S&P/TSX Capped Financials Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: HCAL or XFN?
Year to date, HCAL has seen +$0.02 M in net flows, compared with -$39.37 M for XFN. HCAL has attracted more net investor money so far.
How do the fees of HCAL and XFN compare?
HCAL has an expense ratio of 2.08%, while XFN has an expense ratio of 0.61%.
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