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Compare iShares S&P/TSX Capped Financials Index ETF (XFN) vs HAMILTON CHAMPIONS Canadian Financials Index ETF (HFN) to find the best fit for your portfolio. XFN and HFN provide the same top sector exposures: Finance. When evaluating costs, XFN features a management fee (MER) of 0.55%, compared to 0.19% for HFN. Performance-wise, XFN has returned 20.32% year-to-date with -$123 M in net flows, whereas HFN is at 18.06% with +$159 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
HFN
| AuM | $2,224.60 M | $354.15 M |
| Management Fees | 0.55% | 0.19% |
| Exp. ratio | 0.61% | 0.19% |
| Tracking Difference | -0.92% | -0.46% |
Historical performance and flows
As of August 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFN | -2.91% | +8.00% | +20.32% | +38.51% | +130.13% |
HFN | -4.94% | +7.49% | +18.06% | +36.43% | - | |
| Flows | XFN | +$1 M | -$133 M | -$123 M | -$240 M | -$368 M |
HFN | +$15 M | +$66 M | +$159 M | +$225 M | - |
XFN vs HFN exposure
Countries
XFN
Canada
98.34%
HFN
Canada
99.70%
Sectors
XFN
Finance
99.74%
HFN
Finance
99.70%
As of August 31, 2026
Top 10 Holdings
XFN
Royal Bank of Canada
22.66%
The Toronto-Dominion Bank
15.44%
Bank of Montreal
9.66%
Canadian Imperial Bank of Commerce
8.39%
The Bank of Nova Scotia
8.33%
Brookfield Corp.
6.93%
Manulife Financial Corp.
5.73%
National Bank of Canada
4.82%
Sun Life Financial, Inc.
3.54%
Intact Financial Corp.
2.71%
HFN
Great-West Lifeco, Inc.
9.30%
Bank of Montreal
8.97%
Royal Bank of Canada
8.85%
Sun Life Financial, Inc.
8.69%
Manulife Financial Corp.
8.55%
The Bank of Nova Scotia
8.53%
The Toronto-Dominion Bank
8.45%
National Bank of Canada
8.18%
Canadian Imperial Bank of Commerce
8.10%
Intact Financial Corp.
7.70%
Diversification
XFN
Total weight of top 10 holdings out of 23 total
88.21%
HFN
Total weight of top 10 holdings out of 12 total
85.32%
Characteristics
Compare
XFN
HFN
| Provider | iShares | Hamilton ETFs |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Financials Total Return Index - CAD | Solactive Canadian Financials Equal-Weight TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.01% | 2.54% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | January 20, 2025 |
Frequently asked questions about XFN and HFN
Which ETF has performed better year to date: XFN or HFN?
As of August 31, 2026, XFN has returned 20.32% year to date, while HFN has returned 18.06%. XFN is ahead on YTD performance.
Which ETF is larger by assets under management: XFN or HFN?
As of August 31, 2026, XFN manages $2.22 B in assets, while HFN manages $354.15 M. XFN is the larger fund by AUM.
How are XFN and HFN managed?
XFN is passively managed by iShares. It tracks the S&P/TSX Capped Financials Total Return Index - CAD benchmark. HFN is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Financials Equal-Weight TR Index - CAD benchmark.
What sectors do XFN and HFN emphasize?
XFN is most exposed to Finance. HFN is most exposed to Finance.
Which ETF is attracting more investor flows: XFN or HFN?
Year to date, XFN has seen -$122.71 M in net flows, compared with +$158.53 M for HFN. HFN has attracted more net investor money so far.
How do the fees of XFN and HFN compare?
XFN has an expense ratio of 0.61%, while HFN has an expense ratio of 0.19%.
What are the top holdings of XFN and HFN?
XFN's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. HFN's top holdings include Great-West Lifeco, Inc., Bank of Montreal, and Royal Bank of Canada.
Which ETF is more diversified: XFN or HFN?
XFN holds 23 securities, while HFN holds 12. On holdings count, XFN is the more diversified portfolio.
Recent articles about XFN and HFN
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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.