VS
Vanguard S&P 500 Index ETF (VFV) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VFV focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while HBNK leans towards Finance. When evaluating costs, VFV features a management fee (MER) of 0.08%, compared to 0.09% for HBNK. Performance-wise, VFV has returned 14.39% year-to-date with +$4 B in net flows, whereas HBNK is at 32.46% with -$509 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
VFV
HBNK
| AuM | $35,344.51 M | $736.43 M |
| Management Fees | 0.08% | 0.09% |
| Exp. ratio | 0.09% | 0.10% |
| Tracking Difference | 0.10% | -0.35% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VFV | -1.75% | +1.94% | +14.39% | +21.16% | +80.58% |
HBNK | -0.30% | +11.09% | +32.46% | +55.67% | +162.45% | |
| Flows | VFV | +$424 M | +$1,688 M | +$3,672 M | +$4,843 M | +$14,788 M |
HBNK | +$7 M | -$91 M | -$509 M | -$686 M | -$82 M |
VFV vs HBNK exposure
Countries
VFV
USA
96.38%
HBNK
Canada
99.59%
Sectors
VFV
Technology
44.70%
Finance
13.84%
Consumer Non-Cyclicals
9.41%
Healthcare
8.88%
Industrials
7.61%
Other
15.57%
HBNK
Finance
99.59%
As of September 3, 2026
Top 10 Holdings
VFV
NVIDIA Corp.
7.55%
Apple, Inc.
7.04%
Microsoft Corp.
5.36%
Amazon.com, Inc.
4.13%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.62%
Meta Platforms, Inc.
1.90%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway, Inc.
1.46%
HBNK
Royal Bank of Canada
17.26%
Bank of Montreal
17.04%
The Toronto-Dominion Bank
16.90%
The Bank of Nova Scotia
16.41%
Canadian Imperial Bank of Commerce
16.05%
National Bank of Canada
15.93%
Diversification
VFV
Total weight of top 10 holdings out of 503 total
37.60%
HBNK
Total weight of top 10 holdings out of 6 total
99.59%
Characteristics
Compare
VFV
HBNK
| Provider | Vanguard | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.83% | 2.59% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | July 5, 2023 |
Frequently asked questions about VFV and HBNK
Which ETF has performed better year to date: VFV or HBNK?
As of September 3, 2026, VFV has returned 14.39% year to date, while HBNK has returned 32.46%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: VFV or HBNK?
As of September 3, 2026, VFV manages $35.34 B in assets, while HBNK manages $736.43 M. VFV is the larger fund by AUM.
How are VFV and HBNK managed?
VFV is passively managed by Vanguard. It tracks the S&P 500 ( CAD NY Rate ) Net Total Return 30% 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 VFV and HBNK emphasize?
VFV is most exposed to Technology, Finance, and Consumer Non-Cyclicals. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: VFV or HBNK?
Year to date, VFV has seen +$3,672.01 M in net flows, compared with -$509.07 M for HBNK. VFV has attracted more net investor money so far.
How do the fees of VFV and HBNK compare?
VFV has an expense ratio of 0.09%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of VFV and HBNK?
VFV's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. HBNK's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: VFV or HBNK?
VFV holds 495 securities, while HBNK holds 6. On holdings count, VFV is the more diversified portfolio.
Recent articles about VFV and HBNK
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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.