VS
TD Canadian Aggregate Bond Index ETF (TDB) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TDB focuses its top 3 sector exposures on Sovereign, Municipal, and Government agencies, while HBNK leans towards Finance. When evaluating costs, TDB features a management fee (MER) of 0.08%, compared to 0.09% for HBNK. Performance-wise, TDB has returned 1.02% year-to-date with +$1 B in net flows, whereas HBNK is at 32.72% with -$462 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
TDB
HBNK
| AuM | $4,084.74 M | $787.51 M |
| Management Fees | 0.08% | 0.09% |
| Exp. ratio | 0.08% | 0.10% |
| Tracking Difference | -0.06% | -0.44% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TDB | -0.50% | +0.16% | +1.02% | +3.51% | +13.47% |
HBNK | +1.99% | +16.52% | +32.72% | +67.44% | +149.42% | |
| Flows | TDB | +$171 M | +$554 M | +$1,255 M | +$1,865 M | +$3,096 M |
HBNK | -$33 M | +$8 M | -$462 M | -$768 M | -$7 M |
TDB vs HBNK exposure
Countries
TDB
Canada
77.44%
Other
21.99%
HBNK
Canada
99.94%
Sectors
TDB
Sovereign
25.85%
Municipal
24.52%
Other
21.99%
Government agencies
8.24%
Other
19.39%
HBNK
Finance
99.94%
As of July 20, 2026
Top 10 Holdings
TDB
CA135087T537
1.42%
CA135087U287
1.41%
CA135087T461
1.40%
Canada, Bond 1.5 1jun2031 10Y
1.38%
CA135087T792
1.31%
CA135087T388
1.30%
Canada, Bonds 3.25% 1jun2035, CAD
1.28%
Canada, Bond 1.25 1jun2030 10Y
1.23%
Canada, Bond 0.5 1oct2030 10Y
1.19%
Canada, Bonds 2.75% 1mar2030, CAD
1.15%
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
TDB
Total weight of top 10 holdings out of 1,591 total
13.06%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
TDB
HBNK
| Provider | TD Asset Management | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Broad Canadian Bond Universe GTR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.50% | 2.54% |
| Meets ESG criteria | No | No |
| Inception Date | March 22, 2016 | July 5, 2023 |
Frequently asked questions about TDB and HBNK
Which ETF has performed better year to date: TDB or HBNK?
As of July 20, 2026, TDB has returned 1.02% year to date, while HBNK has returned 32.72%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: TDB or HBNK?
As of July 20, 2026, TDB manages $4.08 B in assets, while HBNK manages $787.51 M. TDB is the larger fund by AUM.
How are TDB and HBNK managed?
TDB is passively managed by TD Asset Management. It tracks the Solactive Broad Canadian Bond Universe GTR Index - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do TDB and HBNK emphasize?
TDB is most exposed to Sovereign, Municipal, and Government agencies. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: TDB or HBNK?
Year to date, TDB has seen +$1,254.94 M in net flows, compared with -$462.37 M for HBNK. TDB has attracted more net investor money so far.
How do the fees of TDB and HBNK compare?
TDB has an expense ratio of 0.08%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of TDB and HBNK?
TDB's largest holdings include Canada, Bond 1.5 1jun2031 10Y and Canada, Bonds 3.25% 1jun2035, CAD. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: TDB or HBNK?
TDB holds 1247 securities, while HBNK holds 6. On holdings count, TDB is the more diversified portfolio.
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