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Compare HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF (HEB) vs HAMILTON CHAMPIONS Canadian Financials Index ETF (HFN) to find the best fit for your portfolio. HEB and HFN provide the same top sector exposures: Finance. When evaluating costs, HEB features a management fee (MER) of 0.19%, compared to 0.19% for HFN. Performance-wise, HEB has returned 32.06% year-to-date with -$7 M in net flows, whereas HFN is at 21.84% with +$190 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
HEB
HFN
| AuM | $1,332.30 M | $395.26 M |
| Management Fees | 0.19% | 0.19% |
| Exp. ratio | 0.05% | 0.04% |
| Tracking Difference | -0.42% | -0.47% |
Historical performance and flows
As of November 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEB | +3.37% | -1.15% | +32.06% | +44.55% | +171.84% |
HFN | +3.87% | -1.84% | +21.84% | +31.84% | - | |
| Flows | HEB | -$18 M | -$91 M | -$7 M | +$37 M | +$55 M |
HFN | +$15 M | +$44 M | +$190 M | +$218 M | - |
HEB vs HFN exposure
Countries
HEB
Canada
99.94%
HFN
Canada
99.71%
Sectors
HEB
Finance
99.94%
HFN
Finance
99.71%
As of November 5, 2026
Top 10 Holdings
HEB
The Bank of Nova Scotia
17.13%
The Toronto-Dominion Bank
17.02%
Bank of Montreal
16.74%
Canadian Imperial Bank of Commerce
16.54%
Royal Bank of Canada
16.50%
National Bank of Canada
16.00%
HFN
Great-West Lifeco, Inc.
9.46%
The Bank of Nova Scotia
9.45%
Bank of Montreal
8.87%
The Toronto-Dominion Bank
8.85%
Royal Bank of Canada
8.82%
Manulife Financial Corp.
8.76%
Sun Life Financial, Inc.
8.71%
Canadian Imperial Bank of Commerce
8.09%
National Bank of Canada
7.72%
Intact Financial Corp.
7.24%
Diversification
HEB
Total weight of top 10 holdings out of 6 total
99.94%
HFN
Total weight of top 10 holdings out of 12 total
85.97%
Characteristics
Compare
HEB
HFN
| Provider | Hamilton ETFs | Hamilton ETFs |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | Solactive Canadian Financials Equal-Weight TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.70% | 2.49% |
| Meets ESG criteria | No | No |
| Inception Date | April 3, 2023 | January 20, 2025 |
Frequently asked questions about HEB and HFN
Which ETF has performed better year to date: HEB or HFN?
As of November 5, 2026, HEB has returned 32.06% year to date, while HFN has returned 21.84%. HEB is ahead on YTD performance.
Which ETF is larger by assets under management: HEB or HFN?
As of November 5, 2026, HEB manages $1.33 B in assets, while HFN manages $395.26 M. HEB is the larger fund by AUM.
How are HEB and HFN managed?
HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HFN is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Financials Equal-Weight TR Index - CAD benchmark.
What sectors do HEB and HFN emphasize?
HEB is most exposed to Finance. HFN is most exposed to Finance.
Which ETF is attracting more investor flows: HEB or HFN?
Year to date, HEB has seen -$7.50 M in net flows, compared with +$189.58 M for HFN. HFN has attracted more net investor money so far.
How do the fees of HEB and HFN compare?
HEB has an expense ratio of 0.05%, while HFN has an expense ratio of 0.04%.
What are the top holdings of HEB and HFN?
HEB's largest holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal. HFN's top holdings include Great-West Lifeco, Inc., The Bank of Nova Scotia, and Bank of Montreal.
Which ETF is more diversified: HEB or HFN?
HEB holds 6 securities, while HFN holds 12. On holdings count, HFN is the more diversified portfolio.
Recent articles about HEB and HFN
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