VS
When evaluating costs, MWMN features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, MWMN has returned 16.98% year-to-date with -$0 M in net flows, whereas HBNK is at 31.86% 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
MWMN
HBNK
| AuM | $8.43 M | $733.11 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.62% | 0.10% |
| Tracking Difference | - | -0.35% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MWMN | +1.19% | +6.24% | +16.98% | +24.03% | +59.57% |
HBNK | -0.75% | +8.83% | +31.86% | +53.87% | +161.27% | |
| Flows | MWMN | +$0 M | -$1 M | -$0 M | -$5 M | -$21 M |
HBNK | +$7 M | -$92 M | -$509 M | -$687 M | -$82 M |
MWMN vs HBNK exposure
Countries
MWMN
Exposure data will be available soon
HBNK
Canada
99.59%
Sectors
MWMN
Exposure data will be available soon
HBNK
Finance
99.59%
As of September 3, 2026
Top 10 Holdings
MWMN
Exposure data will be available soon
HBNK
Royal Bank of Canada
17.26%
Bank of Montreal
17.04%
The Toronto-Dominion Bank
16.90%
The Bank of Nova Scotia
16.41%
Canadian Imperial Bank of Commerce
16.05%
National Bank of Canada
15.93%
Diversification
MWMN
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.59%
Characteristics
Compare
MWMN
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 | 1.16% | 2.61% |
| Meets ESG criteria | Yes | No |
| Inception Date | December 4, 2017 | July 5, 2023 |
Frequently asked questions about MWMN and HBNK
Which ETF has performed better year to date: MWMN or HBNK?
As of September 3, 2026, MWMN has returned 16.98% year to date, while HBNK has returned 31.86%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: MWMN or HBNK?
As of September 3, 2026, MWMN manages $8.43 M in assets, while HBNK manages $733.11 M. HBNK is the larger fund by AUM.
How are MWMN and HBNK managed?
MWMN 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: MWMN or HBNK?
Year to date, MWMN has seen -$0.08 M in net flows, compared with -$509.07 M for HBNK. MWMN has attracted more net investor money so far.
How do the fees of MWMN and HBNK compare?
MWMN has an expense ratio of 0.62%, while HBNK has an expense ratio of 0.10%.
Recent articles about MWMN and HBNK
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