VS
When evaluating costs, MGFI features a management fee (MER) of 0.6%, compared to 0.09% for HBNK. 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
MGFI
HBNK
| AuM | $6.98 M | $716.66 M |
| Management Fees | 0.60% | 0.09% |
| Exp. ratio | 0.60% | 0.10% |
| Tracking Difference | - | -0.32% |
Historical performance and flows
As of October 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MGFI | - | - | - | - | - |
HBNK | -4.02% | -6.11% | +25.17% | +39.65% | +158.53% | |
| Flows | MGFI | - | - | - | - | - |
HBNK | +$23 M | -$23 M | -$486 M | -$534 M | -$147 M |
MGFI vs HBNK exposure
Countries
MGFI
Exposure data will be available soon
HBNK
Canada
99.74%
Sectors
MGFI
Exposure data will be available soon
HBNK
Finance
99.74%
As of October 5, 2026
Top 10 Holdings
MGFI
Exposure data will be available soon
HBNK
The Bank of Nova Scotia
17.48%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.21%
Bank of Montreal
16.52%
Canadian Imperial Bank of Commerce
15.70%
National Bank of Canada
15.42%
Diversification
MGFI
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
Characteristics
Compare
MGFI
HBNK
| Provider | Middlefield | 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 | - | 2.77% |
| Meets ESG criteria | - | No |
| Inception Date | October 1, 2026 | July 5, 2023 |
Frequently asked questions about MGFI and HBNK
Which ETF is larger by assets under management: MGFI or HBNK?
As of October 5, 2026, MGFI manages $6.98 M in assets, while HBNK manages $716.66 M. HBNK is the larger fund by AUM.
How are MGFI and HBNK managed?
MGFI is actively managed by Middlefield. 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.
How do the fees of MGFI and HBNK compare?
MGFI has an expense ratio of 0.60%, while HBNK has an expense ratio of 0.10%.
Recent articles about MGFI and HBNK
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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.