VS
Vanguard Balanced ETF Portfolio (VBAL) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VBAL focuses its top 3 sector exposures on Information Technology, Sovereign, and Financials, while HBNK leans towards Financials. When evaluating costs, VBAL features a management fee (MER) of 0.22%, compared to 0.09% for HBNK. Performance-wise, VBAL has returned 7.91% year-to-date with +$764 M in net flows, whereas HBNK is at 25.35% with -$415 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
VBAL
HBNK
| AuM | $5,529.01 M | $791.30 M |
| Management Fees | 0.22% | 0.09% |
| Exp. ratio | 0.24% | 0.10% |
| Tracking Difference | - | -0.41% |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VBAL | +2.26% | +7.87% | +7.91% | +18.89% | +52.60% |
HBNK | +8.46% | +23.65% | +25.35% | +68.05% | - | |
| Flows | VBAL | +$147 M | +$369 M | +$764 M | +$1,301 M | +$1,936 M |
HBNK | +$31 M | -$184 M | -$415 M | -$667 M | - |
VBAL vs HBNK exposure
Countries
VBAL
Canada
41.27%
USA
33.79%
Other
24.93%
HBNK
Canada
99.93%
Sectors
VBAL
Other
14.15%
Information Technology
13.05%
Sovereign
12.21%
Financials
11.56%
Other
49.03%
HBNK
Financials
99.93%
As of June 12, 2026
Top 10 Holdings
VBAL
NVIDIA
1.82%
APPLE
1.58%
ROYAL BK CANADA
1.31%
MICROSOFT-T
1.20%
AMAZON.COM INC
1.01%
TORONTO DOMINION
0.94%
ALPHABET INC-CL
0.89%
BROADCOM LIMITED
0.78%
SHOPIFY SUBORDINATE VOTING
0.78%
ALPHABET INC-CL
0.70%
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
VBAL
Total weight of top 10 holdings out of 33,766 total
11.01%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
VBAL
HBNK
| Provider | Vanguard | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.06% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2018 | July 5, 2023 |
Frequently asked questions about VBAL and HBNK
Which ETF has performed better year to date: VBAL or HBNK?
As of June 12, 2026, VBAL has returned 7.91% year to date, while HBNK has returned 25.35%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: VBAL or HBNK?
As of June 12, 2026, VBAL manages $5.53 B in assets, while HBNK manages $791.30 M. VBAL is the larger fund by AUM.
How are VBAL and HBNK managed?
VBAL is actively managed by Vanguard. It does not track an index. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do VBAL and HBNK emphasize?
VBAL is most exposed to Information Technology, Sovereign, and Financials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: VBAL or HBNK?
Year to date, VBAL has seen +$764.06 M in net flows, compared with -$414.83 M for HBNK. VBAL has attracted more net investor money so far.
How do the fees of VBAL and HBNK compare?
VBAL has an expense ratio of 0.24%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of VBAL and HBNK?
VBAL's largest holdings include NVIDIA and ALPHABET INC-CL. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: VBAL or HBNK?
VBAL holds 24762 securities, while HBNK holds 6. On holdings count, VBAL is the more diversified portfolio.
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