VS
iShares S&P/TSX Global Gold Index ETF (XGD) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGD focuses its top 3 sector exposures on Materials, while HBNK leans towards Financials. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, XGD has returned 8.71% year-to-date with -$458 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
XGD
HBNK
| AuM | $3,689.69 M | $696.43 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.60% | 0.10% |
| Tracking Difference | 1.24% | -0.43% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGD | -5.49% | -8.22% | +8.71% | +84.94% | +176.02% |
HBNK | +9.63% | +10.05% | +15.07% | +65.74% | - | |
| Flows | XGD | -$129 M | -$788 M | -$458 M | -$498 M | -$182 M |
HBNK | -$203 M | -$382 M | -$447 M | -$704 M | - |
XGD vs HBNK exposure
Countries
XGD
Canada
64.47%
USA
28.03%
Other
7.50%
HBNK
Canada
99.99%
Sectors
XGD
Materials
73.01%
Other
26.99%
HBNK
Financials
99.99%
As of May 7, 2026
Top 10 Holdings
XGD
NEWMONT CORP
15.63%
AGNICO EAGLE MINES LTD
13.41%
CA06849F1080
9.03%
WHEATON PRECIOUS METALS CORP
7.86%
FRANCO NEVADA
6.29%
GB00BRXH2664
5.46%
US38059T1060
5.37%
KINROSS GOLD
4.84%
PAN AMERICAN
3.04%
ROYAL GOLD
2.73%
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
XGD
Total weight of top 10 holdings out of 63 total
73.66%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XGD
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold 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 | 0.57% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | July 5, 2023 |
Frequently asked questions about XGD and HBNK
Which ETF has performed better year to date: XGD or HBNK?
As of May 7, 2026, XGD has returned 8.71% year to date, while HBNK has returned 15.07%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or HBNK?
As of May 7, 2026, XGD manages $3.69 B in assets, while HBNK manages $696.43 M. XGD is the larger fund by AUM.
How are XGD and HBNK managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold 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 XGD and HBNK emphasize?
XGD is most exposed to Materials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XGD or HBNK?
Year to date, XGD has seen -$458.34 M in net flows, compared with -$447.17 M for HBNK. HBNK has attracted more net investor money so far.
How do the fees of XGD and HBNK compare?
XGD has an expense ratio of 0.60%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XGD and HBNK?
XGD's largest holdings include NEWMONT CORP and AGNICO EAGLE MINES LTD. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XGD or HBNK?
XGD holds 47 securities, while HBNK holds 6. On holdings count, XGD is the more diversified portfolio.
Recent articles about XGD 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.