VS
When evaluating costs, HCAL features a management fee (MER) of 0.65%, compared to 0.55% for XFN. Performance-wise, HCAL has returned 36.25% year-to-date with -$32 M in net flows, whereas XFN is at 19.9% with -$104 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 | $1,012.67 M | $2,235.35 M |
| Management Fees | 0.65% | 0.55% |
| Exp. ratio | 0.82% | 0.61% |
| Tracking Difference | - | -0.92% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HCAL | -3.69% | +6.77% | +36.25% | +62.40% | +207.60% |
XFN | -3.78% | +3.62% | +19.90% | +35.63% | +128.95% | |
| Flows | HCAL | -$26 M | -$36 M | -$32 M | -$37 M | -$56 M |
XFN | +$29 M | -$19 M | -$104 M | -$139 M | -$336 M |
HCAL vs XFN exposure
Countries
HCAL
Exposure data will be available soon
XFN
Canada
98.34%
Sectors
HCAL
Exposure data will be available soon
XFN
Finance
99.74%
As of September 10, 2026
Top 10 Holdings
HCAL
Exposure data will be available soon
XFN
Royal Bank of Canada
22.66%
The Toronto-Dominion Bank
15.44%
Bank of Montreal
9.66%
Canadian Imperial Bank of Commerce
8.39%
The Bank of Nova Scotia
8.33%
Brookfield Corp.
6.93%
Manulife Financial Corp.
5.73%
National Bank of Canada
4.82%
Sun Life Financial, Inc.
3.54%
Intact Financial Corp.
2.71%
Diversification
HCAL
Exposure data will be available soon
XFN
Total weight of top 10 holdings out of 23 total
88.21%
Characteristics
Compare
HCAL
XFN
| Provider | Hamilton ETFs | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks 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 | 3.27% | 2.01% |
| 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 September 10, 2026, HCAL has returned 36.25% year to date, while XFN has returned 19.90%. HCAL is ahead on YTD performance.
Which ETF is larger by assets under management: HCAL or XFN?
As of September 10, 2026, HCAL manages $1.01 B in assets, while XFN manages $2.24 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 Equal Weight Canada Banks 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 -$31.64 M in net flows, compared with -$104.06 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 0.82%, while XFN has an expense ratio of 0.61%.
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