VS
iShares U.S. High Yield Bond Index ETF (XHY) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XHY focuses its top 3 sector exposures on Media, It services and computer programming, and Insurance and reinsurance, while HBNK leans towards Finance. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.09% for HBNK. Performance-wise, XHY has returned 0.29% year-to-date with +$223 M in net flows, whereas HBNK is at 32.72% with -$492 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
XHY
HBNK
| AuM | $1,153.40 M | $758.06 M |
| Management Fees | 0.50% | 0.09% |
| Exp. ratio | 0.55% | 0.10% |
| Tracking Difference | -0.32% | -0.44% |
Historical performance and flows
As of July 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | -0.40% | -0.35% | +0.29% | +2.75% | +20.73% |
HBNK | +1.96% | +17.58% | +32.72% | +66.82% | +148.24% | |
| Flows | XHY | +$51 M | +$85 M | +$223 M | +$361 M | +$754 M |
HBNK | -$63 M | -$34 M | -$492 M | -$807 M | -$37 M |
XHY vs HBNK exposure
Countries
XHY
USA
55.27%
Other
35.38%
Other
9.35%
HBNK
Canada
99.94%
Sectors
XHY
Other
35.38%
Other
64.62%
HBNK
Finance
99.94%
As of July 24, 2026
Top 10 Holdings
XHY
US68288AAA51
0.52%
US58990CAA18
0.47%
EchoStar, 10.75% 30nov2029, USD
0.45%
US69393LAA17
0.38%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
US78488XAA28
0.32%
Cloud Software Group, 9% 30sep2029, USD
0.31%
US65346UAB52
0.29%
Centene, 4.625% 15dec2029, USD
0.28%
HBNK
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.34%
Bank of Montreal
17.04%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
15.85%
National Bank of Canada
15.79%
Diversification
XHY
Total weight of top 10 holdings out of 1,327 total
3.69%
HBNK
Total weight of top 10 holdings out of 6 total
99.94%
Characteristics
Compare
XHY
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.18% | 2.54% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | July 5, 2023 |
Frequently asked questions about XHY and HBNK
Which ETF has performed better year to date: XHY or HBNK?
As of July 24, 2026, XHY has returned 0.29% year to date, while HBNK has returned 32.72%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or HBNK?
As of July 24, 2026, XHY manages $1.15 B in assets, while HBNK manages $758.06 M. XHY is the larger fund by AUM.
How are XHY and HBNK managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XHY and HBNK emphasize?
XHY is most exposed to Media, It services and computer programming, and Insurance and reinsurance. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: XHY or HBNK?
Year to date, XHY has seen +$222.86 M in net flows, compared with -$491.95 M for HBNK. XHY has attracted more net investor money so far.
How do the fees of XHY and HBNK compare?
XHY has an expense ratio of 0.55%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XHY and HBNK?
XHY's largest holdings include EchoStar, 10.75% 30nov2029, USD and Quikrete Holdings, 6.375% 1mar2032, USD. HBNK's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: XHY or HBNK?
XHY holds 905 securities, while HBNK holds 6. On holdings count, XHY is the more diversified portfolio.
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