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Compare TD Canadian Bank Dividend Index ETF (TBNK) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. TBNK and HBNK provide the same top sector exposures: Finance. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.09% for HBNK. Performance-wise, TBNK has returned 31.56% year-to-date with -$31 M in net flows, whereas HBNK is at 33.53% with -$517 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
TBNK
HBNK
| AuM | $301.91 M | $732.96 M |
| Management Fees | 0.25% | 0.09% |
| Exp. ratio | 0.28% | 0.10% |
| Tracking Difference | -0.55% | -0.32% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +1.85% | -2.83% | +31.56% | +43.81% | +176.84% |
HBNK | +2.00% | -0.95% | +33.53% | +45.77% | +188.09% | |
| Flows | TBNK | -$2 M | +$6 M | -$31 M | -$18 M | +$162 M |
HBNK | -$32 M | +$2 M | -$517 M | -$583 M | -$249 M |
TBNK vs HBNK exposure
Countries
TBNK
Canada
99.70%
HBNK
Canada
99.74%
Sectors
TBNK
Finance
99.70%
HBNK
Finance
99.74%
As of October 28, 2026
Top 10 Holdings
TBNK
Royal Bank of Canada
28.46%
Canadian Imperial Bank of Commerce
23.66%
National Bank of Canada
18.62%
Bank of Montreal
14.01%
The Toronto-Dominion Bank
9.83%
The Bank of Nova Scotia
5.13%
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
TBNK
Total weight of top 10 holdings out of 6 total
99.70%
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
Characteristics
Compare
TBNK
HBNK
| Provider | TD Asset Management | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Bank Dividend Index NTR - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.24% | 2.60% |
| Meets ESG criteria | No | No |
| Inception Date | April 27, 2023 | July 5, 2023 |
Frequently asked questions about TBNK and HBNK
Which ETF has performed better year to date: TBNK or HBNK?
As of October 28, 2026, TBNK has returned 31.56% year to date, while HBNK has returned 33.53%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or HBNK?
As of October 28, 2026, TBNK manages $301.91 M in assets, while HBNK manages $732.96 M. HBNK is the larger fund by AUM.
How are TBNK and HBNK managed?
TBNK is passively managed by TD Asset Management. It tracks the Solactive Canadian Bank Dividend Index NTR - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do TBNK and HBNK emphasize?
TBNK is most exposed to Finance. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: TBNK or HBNK?
Year to date, TBNK has seen -$31.27 M in net flows, compared with -$517.13 M for HBNK. TBNK has attracted more net investor money so far.
How do the fees of TBNK and HBNK compare?
TBNK has an expense ratio of 0.28%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of TBNK and HBNK?
TBNK's largest holdings include Royal Bank of Canada, Canadian Imperial Bank of Commerce, and National Bank of Canada. HBNK's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: TBNK or HBNK?
TBNK holds 6 securities, while HBNK holds 6. On holdings count, TBNK is the more diversified portfolio.
Recent articles about TBNK and HBNK
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.