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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 25.94% year-to-date with -$95 M in net flows, whereas HBNK is at 35.86% with -$461 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 | $2,365.22 M | $807.27 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.61% | 0.10% |
| Tracking Difference | -1.03% | -0.44% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFN | +4.81% | +16.64% | +25.94% | +50.14% | +135.53% |
HBNK | +6.04% | +19.91% | +35.86% | +71.53% | +159.08% | |
| Flows | XFN | -$10 M | -$30 M | -$95 M | -$84 M | -$318 M |
HBNK | -$44 M | +$39 M | -$461 M | -$767 M | +$3 M |
XFN vs HBNK exposure
Countries
XFN
Canada
98.35%
HBNK
Canada
100.00%
Sectors
XFN
Finance
99.85%
HBNK
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
XFN
Royal Bank of Canada
22.08%
The Toronto-Dominion Bank
15.81%
Bank of Montreal
9.45%
Canadian Imperial Bank of Commerce
8.35%
Brookfield Corp.
8.27%
The Bank of Nova Scotia
8.15%
Manulife Financial Corp.
5.28%
National Bank of Canada
4.67%
Sun Life Financial, Inc.
3.28%
Intact Financial Corp.
2.87%
HBNK
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
XFN
Total weight of top 10 holdings out of 24 total
88.20%
HBNK
Total weight of top 10 holdings out of 6 total
100.00%
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 | 1.94% | 2.48% |
| 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 July 17, 2026, XFN has returned 25.94% year to date, while HBNK has returned 35.86%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XFN or HBNK?
As of July 17, 2026, XFN manages $2.37 B in assets, while HBNK manages $807.27 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 -$94.64 M in net flows, compared with -$461.23 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 Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: XFN or HBNK?
XFN holds 24 securities, while HBNK holds 6. On holdings count, XFN is the more diversified portfolio.
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