VS
Vanguard Growth ETF Portfolio (VGRO) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VGRO focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while HBNK leans towards Financials. When evaluating costs, VGRO features a management fee (MER) of 0.22%, compared to 0.09% for HBNK. Performance-wise, VGRO has returned 4.97% year-to-date with +$752 M in net flows, whereas HBNK is at 13.03% with -$446 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
VGRO
HBNK
| AuM | $9,568.65 M | $685.02 M |
| Management Fees | 0.22% | 0.09% |
| Exp. ratio | 0.24% | 0.10% |
| Tracking Difference | - | -0.43% |
Historical performance and flows
As of May 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VGRO | +3.33% | +2.85% | +4.97% | +23.86% | +62.40% |
HBNK | +8.41% | +10.71% | +13.03% | +62.96% | - | |
| Flows | VGRO | +$145 M | +$499 M | +$752 M | +$1,478 M | +$3,082 M |
HBNK | -$204 M | -$382 M | -$446 M | -$702 M | - |
VGRO vs HBNK exposure
Countries
VGRO
USA
37.67%
Canada
36.64%
Other
25.69%
HBNK
Canada
99.99%
Sectors
VGRO
Information Technology
15.70%
Financials
15.07%
Other
10.99%
Industrials
7.93%
Other
50.30%
HBNK
Financials
99.99%
As of May 4, 2026
Top 10 Holdings
VGRO
NVIDIA
2.25%
APPLE
2.08%
ROYAL BK CANADA
1.71%
MICROSOFT-T
1.53%
TORONTO DOMINION
1.19%
AMAZON.COM INC
1.12%
SHOPIFY SUBORDINATE VOTING
1.10%
ALPHABET INC-CL
0.93%
ENBRIDGE
0.89%
BROADCOM LIMITED
0.82%
HBNK
ROYAL BK CANADA
17.11%
TORONTO DOMINION
16.89%
BNS
16.66%
BANK OF MONTREAL
16.52%
CDN IMPERIAL BK
16.47%
NATIONAL BANK OF CANADA
16.34%
Diversification
VGRO
Total weight of top 10 holdings out of 33,350 total
13.63%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
VGRO
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 | 1.80% | 2.93% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2018 | July 5, 2023 |
Frequently asked questions about VGRO and HBNK
Which ETF has performed better year to date: VGRO or HBNK?
As of May 4, 2026, VGRO has returned 4.97% year to date, while HBNK has returned 13.03%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: VGRO or HBNK?
As of May 4, 2026, VGRO manages $9.57 B in assets, while HBNK manages $685.02 M. VGRO is the larger fund by AUM.
How are VGRO and HBNK managed?
VGRO 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 VGRO and HBNK emphasize?
VGRO is most exposed to Information Technology, Financials, and Industrials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: VGRO or HBNK?
Year to date, VGRO has seen +$751.84 M in net flows, compared with -$446.18 M for HBNK. VGRO has attracted more net investor money so far.
How do the fees of VGRO and HBNK compare?
VGRO has an expense ratio of 0.24%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of VGRO and HBNK?
VGRO's largest holdings include NVIDIA and APPLE. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: VGRO or HBNK?
VGRO holds 24906 securities, while HBNK holds 6. On holdings count, VGRO is the more diversified portfolio.
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