VS
When evaluating costs, MTBA features a management fee (MER) of 0.2%, compared to 0.09% for HBNK. Performance-wise, MTBA has returned 0.76% year-to-date with +$0 M in net flows, whereas HBNK is at 32.72% with -$462 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
MTBA
HBNK
| AuM | $5.02 M | $787.51 M |
| Management Fees | 0.20% | 0.09% |
| Exp. ratio | 0.20% | 0.10% |
| Tracking Difference | - | -0.44% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MTBA | +0.02% | +0.22% | +0.76% | +2.65% | - |
HBNK | +1.99% | +16.52% | +32.72% | +67.44% | +149.42% | |
| Flows | MTBA | +$0 M | +$0 M | +$0 M | +$0 M | - |
HBNK | -$33 M | +$8 M | -$462 M | -$768 M | -$7 M |
MTBA vs HBNK exposure
Countries
MTBA
Exposure data will be available soon
HBNK
Canada
100.00%
Sectors
MTBA
Exposure data will be available soon
HBNK
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
MTBA
Exposure data will be available soon
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
MTBA
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
MTBA
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 | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.49% | 2.54% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2025 | July 5, 2023 |
Frequently asked questions about MTBA and HBNK
Which ETF has performed better year to date: MTBA or HBNK?
As of July 17, 2026, MTBA has returned 0.76% year to date, while HBNK has returned 32.72%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: MTBA or HBNK?
As of July 17, 2026, MTBA manages $5.02 M in assets, while HBNK manages $787.51 M. HBNK is the larger fund by AUM.
How are MTBA and HBNK managed?
MTBA 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: MTBA or HBNK?
Year to date, MTBA has seen +$0.00 M in net flows, compared with -$462.37 M for HBNK. MTBA has attracted more net investor money so far.
How do the fees of MTBA and HBNK compare?
MTBA has an expense ratio of 0.20%, while HBNK has an expense ratio of 0.10%.
Recent articles about MTBA and HBNK
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