VS
Compare iShares S&P/TSX Small Cap Index ETF (XCS) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. XCS provides Materials, Energy, and Real Estate exposures, while HBNK is primarily weighted in Financials. When evaluating costs, XCS features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, XCS has returned 20.76% year-to-date with -$6 M in net flows, whereas HBNK is at 15.07% with -$447 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
XCS
HBNK
| AuM | $258.63 M | $696.43 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.60% | 0.10% |
| Tracking Difference | -1.13% | -0.43% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCS | +7.23% | +6.21% | +20.76% | +79.13% | +114.36% |
HBNK | +9.63% | +10.05% | +15.07% | +65.74% | - | |
| Flows | XCS | +$7 M | +$5 M | -$6 M | -$2 M | +$0 M |
HBNK | -$203 M | -$382 M | -$447 M | -$704 M | - |
XCS vs HBNK exposure
Countries
XCS
Canada
99.22%
HBNK
Canada
99.99%
Sectors
XCS
Materials
23.32%
Energy
22.51%
Other
14.43%
Real Estate
9.22%
Industrials
8.90%
Other
21.62%
HBNK
Financials
99.99%
As of May 7, 2026
Top 10 Holdings
XCS
TAMARACK VALLEY ENERGY
1.89%
METHANEX
1.87%
ATHABASCA OIL
1.83%
SPROTT
1.44%
CA3499421020
1.43%
DENISON MINES
1.40%
CA01921D2041
1.40%
BAYTEX ENERGY
1.38%
KINAXIS
1.32%
CA8139211038
1.32%
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
XCS
Total weight of top 10 holdings out of 233 total
15.28%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XCS
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Smallcap Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.05% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | May 14, 2007 | July 5, 2023 |
Frequently asked questions about XCS and HBNK
Which ETF has performed better year to date: XCS or HBNK?
As of May 7, 2026, XCS has returned 20.76% year to date, while HBNK has returned 15.07%. XCS is ahead on YTD performance.
Which ETF is larger by assets under management: XCS or HBNK?
As of May 7, 2026, XCS manages $258.63 M in assets, while HBNK manages $696.43 M. HBNK is the larger fund by AUM.
How are XCS and HBNK managed?
XCS is passively managed by iShares. It tracks the S&P/TSX Smallcap 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 XCS and HBNK emphasize?
XCS is most exposed to Materials, Energy, and Real Estate. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XCS or HBNK?
Year to date, XCS has seen -$5.80 M in net flows, compared with -$447.17 M for HBNK. XCS has attracted more net investor money so far.
How do the fees of XCS and HBNK compare?
XCS has an expense ratio of 0.60%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XCS and HBNK?
XCS's largest holdings include TAMARACK VALLEY ENERGY and METHANEX. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XCS or HBNK?
XCS holds 198 securities, while HBNK holds 6. On holdings count, XCS is the more diversified portfolio.
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