VS
When evaluating costs, MREL features a management fee (MER) of 0.75%, compared to 0.09% for HBNK. Performance-wise, MREL has returned 12.22% year-to-date with +$8 M in net flows, whereas HBNK is at 23.94% with -$413 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
MREL
HBNK
| AuM | $166.39 M | $784.52 M |
| Management Fees | 0.75% | 0.09% |
| Exp. ratio | 1.21% | 0.10% |
| Tracking Difference | - | -0.41% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MREL | +3.09% | +8.47% | +12.22% | +18.56% | +42.77% |
HBNK | +7.80% | +20.31% | +23.94% | +66.64% | - | |
| Flows | MREL | +$2 M | +$2 M | +$8 M | +$13 M | +$46 M |
HBNK | +$35 M | -$180 M | -$413 M | -$665 M | - |
MREL vs HBNK exposure
Countries
MREL
Exposure data will be available soon
HBNK
Canada
99.93%
Sectors
MREL
Exposure data will be available soon
HBNK
Financials
99.93%
As of June 11, 2026
Top 10 Holdings
MREL
Exposure data will be available soon
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
Diversification
MREL
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
MREL
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 | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.59% | 2.70% |
| Meets ESG criteria | No | No |
| Inception Date | April 19, 2011 | July 5, 2023 |
Frequently asked questions about MREL and HBNK
Which ETF has performed better year to date: MREL or HBNK?
As of June 11, 2026, MREL has returned 12.22% year to date, while HBNK has returned 23.94%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: MREL or HBNK?
As of June 11, 2026, MREL manages $166.39 M in assets, while HBNK manages $784.52 M. HBNK is the larger fund by AUM.
How are MREL and HBNK managed?
MREL 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.
Which ETF is attracting more investor flows: MREL or HBNK?
Year to date, MREL has seen +$7.51 M in net flows, compared with -$412.69 M for HBNK. MREL has attracted more net investor money so far.
How do the fees of MREL and HBNK compare?
MREL has an expense ratio of 1.21%, while HBNK has an expense ratio of 0.10%.
Recent articles about MREL and HBNK
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