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Purpose International Enhanced Equity Income Fund (PHW) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PHW focuses its top 3 sector exposures on Finance, Technology, and Healthcare, while HBNK leans towards Finance. When evaluating costs, PHW features a management fee (MER) of 0.8%, compared to 0.09% for HBNK. Performance-wise, PHW has returned 9.9% year-to-date with -$4 M in net flows, whereas HBNK is at 33.35% with -$464 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
PHW
HBNK
| AuM | $2.07 M | $790.09 M |
| Management Fees | 0.80% | 0.09% |
| Exp. ratio | 0.96% | 0.10% |
| Tracking Difference | - | -0.44% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PHW | -0.19% | +6.36% | +9.90% | +17.99% | +40.09% |
HBNK | +2.47% | +18.34% | +33.35% | +68.23% | +150.07% | |
| Flows | PHW | -$0 M | -$0 M | -$4 M | -$4 M | -$3 M |
HBNK | -$34 M | +$7 M | -$464 M | -$770 M | -$8 M |
PHW vs HBNK exposure
Countries
PHW
Japan
20.61%
United Kingdom
13.47%
Switzerland
11.27%
Netherlands
9.26%
France
8.37%
Other
8.24%
Other
28.78%
HBNK
Canada
99.94%
Sectors
PHW
Finance
20.65%
Technology
17.61%
Healthcare
13.22%
Industrials
11.92%
Other
8.24%
Non-Energy Materials
7.53%
Other
20.85%
HBNK
Finance
99.94%
As of July 21, 2026
Top 10 Holdings
PHW
ASML Holding NV
8.01%
CA74643B1031
7.91%
Novartis AG
4.01%
BHP Group Ltd.
3.47%
Roche Holding AG
2.55%
Mitsubishi UFJ Financial Group, Inc.
2.46%
GSK Plc
2.34%
Shell Plc
2.04%
ABB Ltd.
2.04%
Takeda Pharmaceutical Co., Ltd.
1.88%
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
Diversification
PHW
Total weight of top 10 holdings out of 102 total
36.72%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
PHW
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 | 5.25% | 2.53% |
| Meets ESG criteria | No | No |
| Inception Date | April 22, 2015 | July 5, 2023 |
Frequently asked questions about PHW and HBNK
Which ETF has performed better year to date: PHW or HBNK?
As of July 21, 2026, PHW has returned 9.90% year to date, while HBNK has returned 33.35%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: PHW or HBNK?
As of July 21, 2026, PHW manages $2.07 M in assets, while HBNK manages $790.09 M. HBNK is the larger fund by AUM.
How are PHW and HBNK managed?
PHW 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.
What sectors do PHW and HBNK emphasize?
PHW is most exposed to Finance, Technology, and Healthcare. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: PHW or HBNK?
Year to date, PHW has seen -$3.83 M in net flows, compared with -$463.50 M for HBNK. PHW has attracted more net investor money so far.
How do the fees of PHW and HBNK compare?
PHW has an expense ratio of 0.96%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of PHW and HBNK?
PHW's largest holdings include ASML Holding NV and Novartis AG. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: PHW or HBNK?
PHW holds 101 securities, while HBNK holds 6. On holdings count, PHW is the more diversified portfolio.
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