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Compare Global X Inovestor Canadian Equity Index ETF (INOC) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. INOC provides Finance, Non-Energy Materials, and Industrials exposures, while HBNK is primarily weighted in Finance. When evaluating costs, INOC features a management fee (MER) of 0.75%, compared to 0.09% for HBNK. Performance-wise, INOC has returned 13.58% year-to-date with -$3 M in net flows, whereas HBNK is at 35.86% with -$461 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
INOC
HBNK
| AuM | $33.15 M | $807.27 M |
| Management Fees | 0.75% | 0.09% |
| Exp. ratio | 0.76% | 0.10% |
| Tracking Difference | -1.04% | -0.44% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | INOC | +1.99% | +6.00% | +13.58% | +21.63% | +59.12% |
HBNK | +6.04% | +19.91% | +35.86% | +71.53% | +159.08% | |
| Flows | INOC | -$0 M | -$2 M | -$3 M | -$5 M | -$7 M |
HBNK | -$44 M | +$39 M | -$461 M | -$767 M | +$3 M |
INOC vs HBNK exposure
Countries
INOC
Canada
92.04%
Other
7.96%
HBNK
Canada
100.00%
Sectors
INOC
Finance
19.10%
Non-Energy Materials
14.52%
Industrials
13.66%
Energy
13.37%
Consumer Non-Cyclicals
11.38%
Technology
7.81%
Other
20.16%
HBNK
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
INOC
Hammond Power Solutions, Inc.
5.59%
ARC Resources Ltd.
4.92%
Extendicare, Inc.
4.35%
AltaGas Ltd.
4.28%
The Toronto-Dominion Bank
4.27%
Constellation Software, Inc.
4.21%
Canadian National Railway Co.
4.21%
Canadian Natural Resources Ltd.
4.17%
Intact Financial Corp.
4.06%
CCL Industries, Inc.
3.99%
HBNK
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
INOC
Total weight of top 10 holdings out of 24 total
44.05%
HBNK
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
INOC
HBNK
| Provider | Global X | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Nasdaq Inovestor Canada Net Total Return 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 | 1.00% | 2.48% |
| Meets ESG criteria | No | No |
| Inception Date | November 13, 2017 | July 5, 2023 |
Frequently asked questions about INOC and HBNK
Which ETF has performed better year to date: INOC or HBNK?
As of July 17, 2026, INOC has returned 13.58% year to date, while HBNK has returned 35.86%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: INOC or HBNK?
As of July 17, 2026, INOC manages $33.15 M in assets, while HBNK manages $807.27 M. HBNK is the larger fund by AUM.
How are INOC and HBNK managed?
INOC is passively managed by Global X. It tracks the Nasdaq Inovestor Canada Net Total Return Index - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do INOC and HBNK emphasize?
INOC is most exposed to Finance, Non-Energy Materials, and Industrials. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: INOC or HBNK?
Year to date, INOC has seen -$3.22 M in net flows, compared with -$461.23 M for HBNK. INOC has attracted more net investor money so far.
How do the fees of INOC and HBNK compare?
INOC has an expense ratio of 0.76%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of INOC and HBNK?
INOC's largest holdings include Hammond Power Solutions, Inc., ARC Resources Ltd., and Extendicare, Inc.. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: INOC or HBNK?
INOC holds 24 securities, while HBNK holds 6. On holdings count, INOC is the more diversified portfolio.
Recent articles about INOC and HBNK
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