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Compare iShares S&P/TSX Capped Financials Index ETF (XFN) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. XFN and HBNK provide the same top sector exposures: Finance. When evaluating costs, XFN features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, XFN has returned 20.34% year-to-date with -$151 M in net flows, whereas HBNK is at 29.41% with -$487 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
XFN
HBNK
| AuM | $2,193.57 M | $739.96 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.61% | 0.10% |
| Tracking Difference | -0.86% | -0.32% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFN | -0.16% | -4.87% | +20.34% | +33.40% | +135.62% |
HBNK | -0.36% | -5.02% | +29.41% | +45.24% | +166.14% | |
| Flows | XFN | -$37 M | -$46 M | -$151 M | -$144 M | -$360 M |
HBNK | -$4 M | -$24 M | -$487 M | -$533 M | -$189 M |
XFN vs HBNK exposure
Countries
XFN
Canada
98.34%
HBNK
Canada
99.74%
Sectors
XFN
Finance
99.87%
HBNK
Finance
99.74%
As of October 16, 2026
Top 10 Holdings
XFN
Royal Bank of Canada
22.47%
The Toronto-Dominion Bank
15.90%
Bank of Montreal
9.39%
The Bank of Nova Scotia
8.85%
Canadian Imperial Bank of Commerce
8.21%
Brookfield Corp.
6.92%
Manulife Financial Corp.
5.57%
National Bank of Canada
4.65%
Sun Life Financial, Inc.
3.42%
Power Corp of Canada
2.76%
HBNK
The Bank of Nova Scotia
17.48%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.21%
Bank of Montreal
16.52%
Canadian Imperial Bank of Commerce
15.70%
National Bank of Canada
15.42%
Diversification
XFN
Total weight of top 10 holdings out of 23 total
88.15%
HBNK
Total weight of top 10 holdings out of 6 total
99.74%
Characteristics
Compare
XFN
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Financials 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 | 1.99% | 2.68% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | July 5, 2023 |
Frequently asked questions about XFN and HBNK
Which ETF has performed better year to date: XFN or HBNK?
As of October 16, 2026, XFN has returned 20.34% year to date, while HBNK has returned 29.41%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XFN or HBNK?
As of October 16, 2026, XFN manages $2.19 B in assets, while HBNK manages $739.96 M. XFN is the larger fund by AUM.
How are XFN and HBNK managed?
XFN is passively managed by iShares. It tracks the S&P/TSX Capped Financials 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 XFN and HBNK emphasize?
XFN is most exposed to Finance. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: XFN or HBNK?
Year to date, XFN has seen -$150.52 M in net flows, compared with -$486.68 M for HBNK. XFN has attracted more net investor money so far.
How do the fees of XFN and HBNK compare?
XFN has an expense ratio of 0.61%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XFN and HBNK?
XFN's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. HBNK's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: XFN or HBNK?
XFN holds 23 securities, while HBNK holds 6. On holdings count, XFN is the more diversified portfolio.
Recent articles about XFN and HBNK
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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.