VS
When evaluating costs, VVL features a management fee (MER) of 0.35%, compared to 0.09% for HBNK. Performance-wise, VVL has returned 20.32% year-to-date with +$142 M in net flows, whereas HBNK is at 32.84% with -$516 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
VVL
HBNK
| AuM | $855.90 M | $733.38 M |
| Management Fees | 0.35% | 0.09% |
| Exp. ratio | 0.38% | 0.10% |
| Tracking Difference | - | -0.34% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VVL | +3.28% | +11.39% | +20.32% | +38.22% | +81.00% |
HBNK | +1.96% | +16.00% | +32.84% | +68.52% | +147.88% | |
| Flows | VVL | +$15 M | +$39 M | +$142 M | +$206 M | +$270 M |
HBNK | -$69 M | -$69 M | -$516 M | -$837 M | -$62 M |
VVL vs HBNK exposure
Countries
VVL
Exposure data will be available soon
HBNK
Canada
99.94%
Sectors
VVL
Exposure data will be available soon
HBNK
Finance
99.94%
As of July 31, 2026
Top 10 Holdings
VVL
Exposure data will be available soon
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
Diversification
VVL
Exposure data will be available soon
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
VVL
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 | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.57% | 2.56% |
| Meets ESG criteria | No | No |
| Inception Date | June 22, 2016 | July 5, 2023 |
Frequently asked questions about VVL and HBNK
Which ETF has performed better year to date: VVL or HBNK?
As of July 31, 2026, VVL has returned 20.32% year to date, while HBNK has returned 32.84%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: VVL or HBNK?
As of July 31, 2026, VVL manages $855.90 M in assets, while HBNK manages $733.38 M. VVL is the larger fund by AUM.
How are VVL and HBNK managed?
VVL 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.
Which ETF is attracting more investor flows: VVL or HBNK?
Year to date, VVL has seen +$142.38 M in net flows, compared with -$515.84 M for HBNK. VVL has attracted more net investor money so far.
How do the fees of VVL and HBNK compare?
VVL has an expense ratio of 0.38%, while HBNK has an expense ratio of 0.10%.
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