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Compare TD Canadian Bank Dividend Index ETF (TBNK) vs HAMILTON CHAMPIONS Canadian Financials Index ETF (HFN) to find the best fit for your portfolio. TBNK and HFN provide the same top sector exposures: Finance. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.19% for HFN. Performance-wise, TBNK has returned 32.65% year-to-date with -$33 M in net flows, whereas HFN is at 23.78% with +$182 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
HFN
| AuM | $301.67 M | $394.29 M |
| Management Fees | 0.25% | 0.19% |
| Exp. ratio | 0.28% | 0.04% |
| Tracking Difference | -0.55% | -0.45% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +3.35% | +1.17% | +32.65% | +46.68% | +179.12% |
HFN | +4.27% | +1.46% | +23.78% | +35.45% | - | |
| Flows | TBNK | -$2 M | +$4 M | -$33 M | -$20 M | +$160 M |
HFN | +$12 M | +$43 M | +$182 M | +$213 M | - |
TBNK vs HFN exposure
Countries
TBNK
Canada
99.73%
HFN
Canada
99.71%
Sectors
TBNK
Finance
99.73%
HFN
Finance
99.71%
As of October 29, 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%
HFN
Great-West Lifeco, Inc.
9.46%
The Bank of Nova Scotia
9.45%
Bank of Montreal
8.87%
The Toronto-Dominion Bank
8.85%
Royal Bank of Canada
8.82%
Manulife Financial Corp.
8.76%
Sun Life Financial, Inc.
8.71%
Canadian Imperial Bank of Commerce
8.09%
National Bank of Canada
7.72%
Intact Financial Corp.
7.24%
Diversification
TBNK
Total weight of top 10 holdings out of 6 total
99.73%
HFN
Total weight of top 10 holdings out of 12 total
85.97%
Characteristics
Compare
TBNK
HFN
| Provider | TD Asset Management | Hamilton ETFs |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Bank Dividend Index NTR - CAD | Solactive Canadian Financials Equal-Weight TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.41% | 2.44% |
| Meets ESG criteria | No | No |
| Inception Date | April 27, 2023 | January 20, 2025 |
Frequently asked questions about TBNK and HFN
Which ETF has performed better year to date: TBNK or HFN?
As of October 29, 2026, TBNK has returned 32.65% year to date, while HFN has returned 23.78%. TBNK is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or HFN?
As of October 29, 2026, TBNK manages $301.67 M in assets, while HFN manages $394.29 M. HFN is the larger fund by AUM.
How are TBNK and HFN managed?
TBNK is passively managed by TD Asset Management. It tracks the Solactive Canadian Bank Dividend Index NTR - CAD benchmark. HFN is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Financials Equal-Weight TR Index - CAD benchmark.
What sectors do TBNK and HFN emphasize?
TBNK is most exposed to Finance. HFN is most exposed to Finance.
Which ETF is attracting more investor flows: TBNK or HFN?
Year to date, TBNK has seen -$33.43 M in net flows, compared with +$181.55 M for HFN. HFN has attracted more net investor money so far.
How do the fees of TBNK and HFN compare?
TBNK has an expense ratio of 0.28%, while HFN has an expense ratio of 0.04%.
What are the top holdings of TBNK and HFN?
TBNK's largest holdings include Royal Bank of Canada, Canadian Imperial Bank of Commerce, and National Bank of Canada. HFN's top holdings include Great-West Lifeco, Inc., The Bank of Nova Scotia, and Bank of Montreal.
Which ETF is more diversified: TBNK or HFN?
TBNK holds 6 securities, while HFN holds 12. On holdings count, HFN is the more diversified portfolio.
Recent articles about TBNK and HFN
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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.