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Compare HAMILTON CHAMPIONS Canadian Financials Index ETF (HFN) vs HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF (HEB) to find the best fit for your portfolio. HFN and HEB provide the same top sector exposures: Finance. When evaluating costs, HFN features a management fee (MER) of 0.19%, compared to 0.19% for HEB. Performance-wise, HFN has returned 25.26% year-to-date with +$192 M in net flows, whereas HEB is at 35.12% with -$8 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
HFN
HEB
| AuM | $408.89 M | $1,363.14 M |
| Management Fees | 0.19% | 0.19% |
| Exp. ratio | 0.04% | 0.05% |
| Tracking Difference | -0.47% | -0.42% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HFN | +6.30% | +2.17% | +25.26% | +35.02% | - |
HEB | +5.35% | +1.64% | +35.12% | +46.09% | +177.95% | |
| Flows | HFN | +$18 M | +$44 M | +$192 M | +$220 M | - |
HEB | -$2 M | -$88 M | -$8 M | +$40 M | +$48 M |
HFN vs HEB exposure
Countries
HFN
Canada
99.71%
HEB
Canada
99.94%
Sectors
HFN
Finance
99.71%
HEB
Finance
99.94%
As of November 11, 2026
Top 10 Holdings
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%
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%
Diversification
HFN
Total weight of top 10 holdings out of 12 total
85.97%
HEB
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
HFN
HEB
| Provider | Hamilton ETFs | Hamilton ETFs |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Financials Equal-Weight TR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.42% | 2.64% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2025 | April 3, 2023 |
Frequently asked questions about HFN and HEB
Which ETF has performed better year to date: HFN or HEB?
As of November 11, 2026, HFN has returned 25.26% year to date, while HEB has returned 35.12%. HEB is ahead on YTD performance.
Which ETF is larger by assets under management: HFN or HEB?
As of November 11, 2026, HFN manages $408.89 M in assets, while HEB manages $1.36 B. HEB is the larger fund by AUM.
How are HFN and HEB managed?
HFN is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Financials Equal-Weight TR Index - CAD benchmark. HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HFN and HEB emphasize?
HFN is most exposed to Finance. HEB is most exposed to Finance.
Which ETF is attracting more investor flows: HFN or HEB?
Year to date, HFN has seen +$192.06 M in net flows, compared with -$7.53 M for HEB. HFN has attracted more net investor money so far.
How do the fees of HFN and HEB compare?
HFN has an expense ratio of 0.04%, while HEB has an expense ratio of 0.05%.
What are the top holdings of HFN and HEB?
HFN's largest holdings include Great-West Lifeco, Inc., The Bank of Nova Scotia, and Bank of Montreal. HEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: HFN or HEB?
HFN holds 12 securities, while HEB holds 6. On holdings count, HFN is the more diversified portfolio.
Recent articles about HFN and HEB
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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.