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Accelerate Diversified Credit Income Fund (INCM) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that INCM focuses its top 3 sector exposures on Finance, while HBNK leans towards Finance. When evaluating costs, INCM features a management fee (MER) of 0.75%, compared to 0.09% for HBNK. Performance-wise, INCM has returned 6.47% year-to-date with +$0 M in net flows, whereas HBNK is at 33.47% with -$515 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
INCM
HBNK
| AuM | $0.00 M | $737.96 M |
| Management Fees | 0.75% | 0.09% |
| Exp. ratio | 1.37% | 0.10% |
| Tracking Difference | - | -0.42% |
Historical performance and flows
As of August 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | INCM | +2.63% | -0.48% | -6.47% | -16.59% | - |
HBNK | +0.12% | +15.98% | +33.47% | +68.29% | +155.80% | |
| Flows | INCM | +$0 M | +$0 M | +$0 M | +$0 M | - |
HBNK | -$52 M | -$70 M | -$515 M | -$857 M | -$67 M |
INCM vs HBNK exposure
Countries
INCM
USA
100.00%
HBNK
Canada
99.94%
Sectors
INCM
Finance
100.00%
HBNK
Finance
99.94%
As of August 7, 2026
Top 10 Holdings
INCM
Ares Capital Corp.
10.59%
Golub Capital BDC, Inc.
10.24%
Blue Owl Capital Corp.
9.62%
Morgan Stanley Direct Lending Fund
8.30%
Goldman Sachs BDC, Inc.
7.99%
Carlyle Secured Lending, Inc
7.80%
Blackstone Secured Lending Fund
6.83%
Oaktree Specialty Lending Corp.
5.77%
MidCap Financial Investment Corp
5.69%
FS KKR Capital Corp.
4.89%
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
Diversification
INCM
Total weight of top 10 holdings out of 20 total
77.71%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
INCM
HBNK
| Provider | Accelerate Financial Technologies | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.09% | 2.55% |
| Meets ESG criteria | No | No |
| Inception Date | May 15, 2024 | July 5, 2023 |
Frequently asked questions about INCM and HBNK
Which ETF has performed better year to date: INCM or HBNK?
As of August 7, 2026, INCM has returned -6.47% year to date, while HBNK has returned 33.47%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: INCM or HBNK?
As of August 7, 2026, INCM manages $0.00 M in assets, while HBNK manages $737.96 M. HBNK is the larger fund by AUM.
How are INCM and HBNK managed?
INCM is actively managed by Accelerate Financial Technologies. It does not track an index. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do INCM and HBNK emphasize?
INCM is most exposed to Finance. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: INCM or HBNK?
Year to date, INCM has seen +$0.00 M in net flows, compared with -$514.70 M for HBNK. INCM has attracted more net investor money so far.
How do the fees of INCM and HBNK compare?
INCM has an expense ratio of 1.37%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of INCM and HBNK?
INCM's largest holdings include Ares Capital Corp., Golub Capital BDC, Inc., and Blue Owl Capital Corp.. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: INCM or HBNK?
INCM holds 20 securities, while HBNK holds 6. On holdings count, INCM is the more diversified portfolio.
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