VS
When evaluating costs, MULV features a management fee (MER) of 0.45%, compared to 0.09% for HBNK. Performance-wise, MULV has returned 12.21% year-to-date with -$1 M in net flows, whereas HBNK is at 31.65% with -$485 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
MULV
HBNK
| AuM | $61.34 M | $754.96 M |
| Management Fees | 0.45% | 0.09% |
| Exp. ratio | 0.50% | 0.10% |
| Tracking Difference | - | -0.32% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MULV | +2.99% | +5.59% | +12.21% | +10.13% | - |
HBNK | -1.43% | -1.28% | +31.65% | +46.76% | +184.06% | |
| Flows | MULV | -$1 M | -$2 M | -$1 M | -$1 M | - |
HBNK | -$1 M | -$22 M | -$485 M | -$532 M | -$209 M |
MULV vs HBNK exposure
Countries
MULV
Exposure data will be available soon
HBNK
Canada
99.74%
Sectors
MULV
Exposure data will be available soon
HBNK
Finance
99.74%
As of October 20, 2026
Top 10 Holdings
MULV
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
MULV
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
Characteristics
Compare
MULV
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 | 0.89% | 2.63% |
| Meets ESG criteria | Yes | No |
| Inception Date | June 6, 2024 | July 5, 2023 |
Frequently asked questions about MULV and HBNK
Which ETF has performed better year to date: MULV or HBNK?
As of October 20, 2026, MULV has returned 12.21% year to date, while HBNK has returned 31.65%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: MULV or HBNK?
As of October 20, 2026, MULV manages $61.34 M in assets, while HBNK manages $754.96 M. HBNK is the larger fund by AUM.
How are MULV and HBNK managed?
MULV 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: MULV or HBNK?
Year to date, MULV has seen -$0.79 M in net flows, compared with -$484.52 M for HBNK. MULV has attracted more net investor money so far.
How do the fees of MULV and HBNK compare?
MULV has an expense ratio of 0.50%, while HBNK has an expense ratio of 0.10%.
Recent articles about MULV and HBNK
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