VS
iShares Core Conservative Balanced ETF (XCNS) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XCNS focuses its top 3 sector exposures on Sovereign, Municipal, and Information Technology, while HBNK leans towards Financials. When evaluating costs, XCNS features a management fee (MER) of 0.18%, compared to 0.09% for HBNK. Performance-wise, XCNS has returned 2.77% year-to-date with +$60 M in net flows, whereas HBNK is at 14.52% 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
XCNS
HBNK
| AuM | $380.62 M | $694.07 M |
| Management Fees | 0.18% | 0.09% |
| Exp. ratio | 0.19% | 0.10% |
| Tracking Difference | - | -0.43% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCNS | +2.28% | +1.24% | +2.77% | +13.21% | +33.56% |
HBNK | +10.86% | +13.01% | +14.52% | +66.58% | - | |
| Flows | XCNS | +$13 M | +$41 M | +$60 M | +$140 M | +$239 M |
HBNK | -$204 M | -$396 M | -$446 M | -$703 M | - |
XCNS vs HBNK exposure
Countries
XCNS
Canada
56.95%
USA
28.62%
Other
14.43%
HBNK
Canada
99.99%
Sectors
XCNS
Other
14.89%
Sovereign
13.64%
Municipal
10.39%
Information Technology
7.90%
Financials
7.51%
Other
45.67%
HBNK
Financials
99.99%
As of May 1, 2026
Top 10 Holdings
XCNS
NVIDIA
1.21%
APPLE
1.06%
MICROSOFT-T
0.78%
ROYAL BK CANADA
0.69%
CA135087T537
0.60%
CA135087T388
0.60%
AMAZON.COM INC
0.58%
Canada, Bonds 3.25% 1jun2035, CAD
0.57%
CA135087T792
0.56%
Canada, Bonds 3% 1jun2034, CAD
0.49%
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
XCNS
Total weight of top 10 holdings out of 21,721 total
7.14%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XCNS
HBNK
| Provider | iShares | 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 | 2.56% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | August 7, 2019 | July 5, 2023 |
Frequently asked questions about XCNS and HBNK
Which ETF has performed better year to date: XCNS or HBNK?
As of May 1, 2026, XCNS has returned 2.77% year to date, while HBNK has returned 14.52%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XCNS or HBNK?
As of May 1, 2026, XCNS manages $380.62 M in assets, while HBNK manages $694.07 M. HBNK is the larger fund by AUM.
How are XCNS and HBNK managed?
XCNS is actively managed by iShares. 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 XCNS and HBNK emphasize?
XCNS is most exposed to Sovereign, Municipal, and Information Technology. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XCNS or HBNK?
Year to date, XCNS has seen +$59.78 M in net flows, compared with -$446.18 M for HBNK. XCNS has attracted more net investor money so far.
How do the fees of XCNS and HBNK compare?
XCNS has an expense ratio of 0.19%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XCNS and HBNK?
XCNS's largest holdings include NVIDIA and APPLE. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XCNS or HBNK?
XCNS holds 18569 securities, while HBNK holds 6. On holdings count, XCNS is the more diversified portfolio.
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