VS
Vanguard Global Aggregate Bond Index ETF (VGAB) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGAB focuses its top 3 sector exposures on Sovereign, Banks, and Other sectors, while HBNK leans towards Financials. When evaluating costs, VGAB features a management fee (MER) of 0.34%, compared to 0.09% for HBNK. Performance-wise, VGAB has returned 0.13% year-to-date with +$81 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
VGAB
HBNK
| AuM | $606.40 M | $791.30 M |
| Management Fees | 0.34% | 0.09% |
| Exp. ratio | 0.33% | 0.10% |
| Tracking Difference | -1.08% | -0.41% |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VGAB | +0.67% | +0.25% | -0.13% | +0.86% | +8.17% |
HBNK | +8.46% | +23.65% | +25.35% | +68.05% | - | |
| Flows | VGAB | +$18 M | +$52 M | +$81 M | +$445 M | +$510 M |
HBNK | +$31 M | -$184 M | -$415 M | -$667 M | - |
VGAB vs HBNK exposure
Countries
VGAB
USA
48.19%
Other
51.81%
HBNK
Canada
99.93%
Sectors
VGAB
Sovereign
44.05%
Other
27.33%
Banks
7.80%
Other
20.82%
HBNK
Financials
99.93%
As of June 12, 2026
Top 10 Holdings
VGAB
DE000F2Y2E04
0.51%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.24%
US91282CPZ85
0.24%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.21%
US91282CPL99
0.21%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.21%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.21%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.21%
USA, Notes 4% 15feb2034, USD (B-2034)
0.20%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.20%
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
VGAB
Total weight of top 10 holdings out of 22,151 total
2.42%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
VGAB
HBNK
| Provider | Vanguard | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Float Adjusted Composite 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 | 3.59% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2020 | July 5, 2023 |
Frequently asked questions about VGAB and HBNK
Which ETF has performed better year to date: VGAB or HBNK?
As of June 12, 2026, VGAB has returned -0.13% year to date, while HBNK has returned 25.35%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: VGAB or HBNK?
As of June 12, 2026, VGAB manages $606.40 M in assets, while HBNK manages $791.30 M. HBNK is the larger fund by AUM.
How are VGAB and HBNK managed?
VGAB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Float Adjusted Composite 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 VGAB and HBNK emphasize?
VGAB is most exposed to Sovereign, Banks, and Other sectors. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: VGAB or HBNK?
Year to date, VGAB has seen +$80.97 M in net flows, compared with -$414.83 M for HBNK. VGAB has attracted more net investor money so far.
How do the fees of VGAB and HBNK compare?
VGAB has an expense ratio of 0.33%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of VGAB and HBNK?
VGAB's largest holdings include USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.375% 15may2034, USD (C-2034). HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: VGAB or HBNK?
VGAB holds 13848 securities, while HBNK holds 6. On holdings count, VGAB is the more diversified portfolio.
Recent articles about VGAB and HBNK
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.