VS
When evaluating costs, MALX features a management fee (MER) of 0.25%, compared to 0.09% for HBNK. Performance-wise, MALX has returned 18.47% year-to-date with +$23 M in net flows, whereas HBNK is at 31.56% with -$484 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
MALX
HBNK
| AuM | $33.26 M | $757.20 M |
| Management Fees | 0.25% | 0.09% |
| Exp. ratio | 0.25% | 0.10% |
| Tracking Difference | - | -0.35% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MALX | -1.48% | +2.39% | +18.47% | +25.18% | - |
HBNK | -2.01% | +2.07% | +31.56% | +49.90% | +156.73% | |
| Flows | MALX | +$6 M | +$10 M | +$23 M | +$23 M | - |
HBNK | +$33 M | -$67 M | -$484 M | -$593 M | -$93 M |
MALX vs HBNK exposure
Countries
MALX
Exposure data will be available soon
HBNK
Canada
99.59%
Sectors
MALX
Exposure data will be available soon
HBNK
Finance
99.59%
As of September 17, 2026
Top 10 Holdings
MALX
Exposure data will be available soon
HBNK
Royal Bank of Canada
17.26%
Bank of Montreal
17.04%
The Toronto-Dominion Bank
16.90%
The Bank of Nova Scotia
16.41%
Canadian Imperial Bank of Commerce
16.05%
National Bank of Canada
15.93%
Diversification
MALX
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.59%
Characteristics
Compare
MALX
HBNK
| Provider | Mackenzie Investments | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.61% |
| Meets ESG criteria | No | No |
| Inception Date | August 19, 2025 | July 5, 2023 |
Frequently asked questions about MALX and HBNK
Which ETF has performed better year to date: MALX or HBNK?
As of September 17, 2026, MALX has returned 18.47% year to date, while HBNK has returned 31.56%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: MALX or HBNK?
As of September 17, 2026, MALX manages $33.26 M in assets, while HBNK manages $757.20 M. HBNK is the larger fund by AUM.
How are MALX and HBNK managed?
MALX is actively managed by Mackenzie Investments. 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.
Which ETF is attracting more investor flows: MALX or HBNK?
Year to date, MALX has seen +$23.37 M in net flows, compared with -$483.52 M for HBNK. MALX has attracted more net investor money so far.
How do the fees of MALX and HBNK compare?
MALX has an expense ratio of 0.25%, while HBNK has an expense ratio of 0.10%.
Recent articles about MALX and HBNK
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