VS
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: Financials. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.09% for HBNK. Performance-wise, TBNK has returned 28.43% year-to-date with +$49 M in net flows, whereas HBNK is at 28.89% with -$428 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 | $374.87 M | $800.43 M |
| Management Fees | 0.25% | 0.09% |
| Exp. ratio | 0.28% | 0.10% |
| Tracking Difference | -0.65% | -0.41% |
Historical performance and flows
As of June 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +9.48% | +25.45% | +28.43% | +69.83% | +145.23% |
HBNK | +10.76% | +26.60% | +28.89% | +72.28% | - | |
| Flows | TBNK | +$12 M | +$25 M | +$49 M | +$208 M | +$245 M |
HBNK | +$5 M | -$180 M | -$428 M | -$679 M | - |
TBNK vs HBNK exposure
Countries
TBNK
Canada
99.88%
HBNK
Canada
99.93%
Sectors
TBNK
Financials
99.88%
HBNK
Financials
99.93%
As of June 18, 2026
Top 10 Holdings
TBNK
NATIONAL BANK OF CANADA
29.21%
TORONTO DOMINION
23.66%
ROYAL BK CANADA
18.85%
BANK OF MONTREAL
13.69%
CDN IMPERIAL BK
9.70%
BNS
4.77%
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
Diversification
TBNK
Total weight of top 10 holdings out of 6 total
99.88%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
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 | 2.28% | 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 June 18, 2026, TBNK has returned 28.43% year to date, while HBNK has returned 28.89%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or HBNK?
As of June 18, 2026, TBNK manages $374.87 M in assets, while HBNK manages $800.43 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 Financials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: TBNK or HBNK?
Year to date, TBNK has seen +$48.83 M in net flows, compared with -$427.99 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 NATIONAL BANK OF CANADA, TORONTO DOMINION, and ROYAL BK CANADA. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL 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
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.