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Compare TD Canadian Bank Dividend Index ETF (TBNK) vs HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF (HEB) to find the best fit for your portfolio. TBNK and HEB provide the same top sector exposures: Finance. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.19% for HEB. Performance-wise, TBNK has returned 30.33% year-to-date with -$33 M in net flows, whereas HEB is at 32.1% with -$15 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
HEB
| AuM | $296.41 M | $1,324.86 M |
| Management Fees | 0.25% | 0.19% |
| Exp. ratio | 0.28% | 0.05% |
| Tracking Difference | -0.55% | -0.38% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +2.93% | -2.15% | +30.33% | +44.00% | +174.25% |
HEB | +2.93% | -0.48% | +32.10% | +45.62% | +184.38% | |
| Flows | TBNK | -$2 M | +$4 M | -$33 M | -$20 M | +$160 M |
HEB | -$28 M | -$101 M | -$15 M | +$30 M | +$48 M |
TBNK vs HEB exposure
Countries
TBNK
Canada
99.73%
HEB
Canada
99.94%
Sectors
TBNK
Finance
99.73%
HEB
Finance
99.94%
As of October 30, 2026
Top 10 Holdings
TBNK
Royal Bank of Canada
28.43%
Canadian Imperial Bank of Commerce
23.84%
National Bank of Canada
17.98%
Bank of Montreal
14.27%
The Toronto-Dominion Bank
9.92%
The Bank of Nova Scotia
5.29%
HEB
The Bank of Nova Scotia
17.13%
The Toronto-Dominion Bank
17.02%
Bank of Montreal
16.74%
Canadian Imperial Bank of Commerce
16.54%
Royal Bank of Canada
16.50%
National Bank of Canada
16.00%
Diversification
TBNK
Total weight of top 10 holdings out of 6 total
99.73%
HEB
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
TBNK
HEB
| Provider | TD Asset Management | Hamilton ETFs |
| 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 | 2.27% | 2.91% |
| Meets ESG criteria | No | No |
| Inception Date | April 27, 2023 | April 3, 2023 |
Frequently asked questions about TBNK and HEB
Which ETF has performed better year to date: TBNK or HEB?
As of October 30, 2026, TBNK has returned 30.33% year to date, while HEB has returned 32.10%. HEB is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or HEB?
As of October 30, 2026, TBNK manages $296.41 M in assets, while HEB manages $1.32 B. HEB is the larger fund by AUM.
How are TBNK and HEB managed?
TBNK is passively managed by TD Asset Management. It tracks the Solactive Canadian Bank Dividend Index NTR - CAD benchmark. HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do TBNK and HEB emphasize?
TBNK is most exposed to Finance. HEB is most exposed to Finance.
Which ETF is attracting more investor flows: TBNK or HEB?
Year to date, TBNK has seen -$33.43 M in net flows, compared with -$15.37 M for HEB. HEB has attracted more net investor money so far.
How do the fees of TBNK and HEB compare?
TBNK has an expense ratio of 0.28%, while HEB has an expense ratio of 0.05%.
What are the top holdings of TBNK and HEB?
TBNK's largest holdings include Royal Bank of Canada, Canadian Imperial Bank of Commerce, and National Bank of Canada. HEB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: TBNK or HEB?
TBNK holds 6 securities, while HEB holds 6. On holdings count, TBNK is the more diversified portfolio.
Recent articles about TBNK and HEB
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