VS
When evaluating costs, MSFY features a management fee (MER) of 0.4%, compared to 0.09% for HBNK. Performance-wise, MSFY has returned 0.69% year-to-date with +$20 M in net flows, whereas HBNK is at 35.21% with -$509 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
MSFY
HBNK
| AuM | $40.47 M | $748.61 M |
| Management Fees | 0.40% | 0.09% |
| Exp. ratio | 1.75% | 0.10% |
| Tracking Difference | - | -0.34% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MSFY | -3.80% | +4.96% | +0.69% | -5.17% | - |
HBNK | +5.36% | +1.68% | +35.21% | +46.18% | +178.73% | |
| Flows | MSFY | -$1 M | -$5 M | +$20 M | +$16 M | - |
HBNK | -$25 M | +$8 M | -$509 M | -$578 M | -$383 M |
MSFY vs HBNK exposure
Countries
MSFY
Exposure data will be available soon
HBNK
Canada
99.73%
Sectors
MSFY
Exposure data will be available soon
HBNK
Finance
99.73%
As of November 11, 2026
Top 10 Holdings
MSFY
Exposure data will be available soon
HBNK
The Bank of Nova Scotia
17.08%
The Toronto-Dominion Bank
17.02%
Bank of Montreal
16.77%
Canadian Imperial Bank of Commerce
16.48%
Royal Bank of Canada
16.43%
National Bank of Canada
15.95%
Diversification
MSFY
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.73%
Characteristics
Compare
MSFY
HBNK
| Provider | Purpose 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 | 12.81% | 2.59% |
| Meets ESG criteria | No | No |
| Inception Date | January 18, 2024 | July 5, 2023 |
Frequently asked questions about MSFY and HBNK
Which ETF has performed better year to date: MSFY or HBNK?
As of November 11, 2026, MSFY has returned 0.69% year to date, while HBNK has returned 35.21%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: MSFY or HBNK?
As of November 11, 2026, MSFY manages $40.47 M in assets, while HBNK manages $748.61 M. HBNK is the larger fund by AUM.
How are MSFY and HBNK managed?
MSFY is actively managed by Purpose 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: MSFY or HBNK?
Year to date, MSFY has seen +$20.43 M in net flows, compared with -$509.17 M for HBNK. MSFY has attracted more net investor money so far.
How do the fees of MSFY and HBNK compare?
MSFY has an expense ratio of 1.75%, while HBNK has an expense ratio of 0.10%.
Recent articles about MSFY and HBNK
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