VS
Vanguard Canadian Short-Term Bond Index ETF (VSB) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VSB focuses its top 3 sector exposures on Sovereign, Municipal, and Banks, while HBNK leans towards Financials. When evaluating costs, VSB features a management fee (MER) of 0.1%, compared to 0.09% for HBNK. Performance-wise, VSB has returned 0.8% year-to-date with +$211 M in net flows, whereas HBNK is at 21.73% 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
VSB
HBNK
| AuM | $1,558.23 M | $768.47 M |
| Management Fees | 0.10% | 0.09% |
| Exp. ratio | 0.12% | 0.10% |
| Tracking Difference | -0.12% | -0.41% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VSB | +0.19% | +0.24% | +0.80% | +2.86% | +16.61% |
HBNK | +5.68% | +18.79% | +21.73% | +63.01% | - | |
| Flows | VSB | -$46 M | -$63 M | +$211 M | +$493 M | +$316 M |
HBNK | +$32 M | -$201 M | -$415 M | -$667 M | - |
VSB vs HBNK exposure
Countries
VSB
Canada
97.42%
HBNK
Canada
99.93%
Sectors
VSB
Other
29.76%
Sovereign
21.15%
Municipal
15.12%
Banks
9.09%
Government agencies
8.96%
Other
15.92%
HBNK
Financials
99.93%
As of June 8, 2026
Top 10 Holdings
VSB
CA135087T792
3.80%
CA135087T388
3.66%
CA135087T610
2.78%
Canada, Bonds 2.75% 1mar2030, CAD
2.76%
CA135087T461
2.76%
Canada, Bonds 3.5% 1sep2029, CAD
2.61%
CA135087T958
2.59%
CA135087U444
2.43%
Canada, Bond 1.25 1jun2030 10Y
2.35%
Canada, Bonds 4% 1mar2029, CAD
2.17%
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
VSB
Total weight of top 10 holdings out of 575 total
27.91%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
VSB
HBNK
| Provider | Vanguard | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Canadian Government/Credit 1-5 Year Float Adjusted Bond Total Return 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 | 3.01% | 2.75% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | July 5, 2023 |
Frequently asked questions about VSB and HBNK
Which ETF has performed better year to date: VSB or HBNK?
As of June 8, 2026, VSB has returned 0.80% year to date, while HBNK has returned 21.73%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: VSB or HBNK?
As of June 8, 2026, VSB manages $1.56 B in assets, while HBNK manages $768.47 M. VSB is the larger fund by AUM.
How are VSB and HBNK managed?
VSB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Government/Credit 1-5 Year Float Adjusted Bond Total Return 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 VSB and HBNK emphasize?
VSB is most exposed to Sovereign, Municipal, and Banks. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: VSB or HBNK?
Year to date, VSB has seen +$210.98 M in net flows, compared with -$414.79 M for HBNK. VSB has attracted more net investor money so far.
How do the fees of VSB and HBNK compare?
VSB has an expense ratio of 0.12%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of VSB and HBNK?
VSB's largest holdings include Canada, Bonds 2.75% 1mar2030, CAD and Canada, Bonds 3.5% 1sep2029, CAD. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: VSB or HBNK?
VSB holds 446 securities, while HBNK holds 6. On holdings count, VSB is the more diversified portfolio.
Recent articles about VSB 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.