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, Pipelines, and It services and computer programming, while HBNK leans towards Financials. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.09% for HBNK. Performance-wise, XHY has returned 0.45% year-to-date with +$138 M in net flows, whereas HBNK is at 14.52% with -$446 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 | $1,081.93 M | $694.07 M |
| Management Fees | 0.50% | 0.09% |
| Exp. ratio | 0.55% | 0.10% |
| Tracking Difference | -0.27% | -0.43% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | +2.04% | +0.16% | +0.45% | +6.47% | +22.72% |
HBNK | +10.86% | +13.01% | +14.52% | +66.58% | - | |
| Flows | XHY | +$14 M | +$82 M | +$138 M | +$292 M | +$673 M |
HBNK | -$204 M | -$396 M | -$446 M | -$703 M | - |
XHY vs HBNK exposure
Countries
XHY
USA
88.95%
Other
11.05%
HBNK
Canada
99.99%
Sectors
XHY
Other
30.08%
Other
69.92%
HBNK
Financials
99.99%
As of April 30, 2026
Top 10 Holdings
XHY
US68288AAA51
0.56%
EchoStar, 10.75% 30nov2029, USD
0.48%
Cloud Software Group, 9% 30sep2029, USD
0.35%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.34%
US78488XAA28
0.33%
US982911AA70
0.32%
US045941AA96
0.31%
Venture Global LNG, 9.5% 1feb2029, USD
0.30%
US045941AB79
0.29%
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
XHY
Total weight of top 10 holdings out of 1,312 total
3.62%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
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 | 6.12% | 2.90% |
| 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 April 30, 2026, XHY has returned 0.45% year to date, while HBNK has returned 14.52%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or HBNK?
As of April 30, 2026, XHY manages $1.08 B in assets, while HBNK manages $694.07 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, Pipelines, and It services and computer programming. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XHY or HBNK?
Year to date, XHY has seen +$138.23 M in net flows, compared with -$446.18 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 Cloud Software Group, 9% 30sep2029, USD. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XHY or HBNK?
XHY holds 972 securities, while HBNK holds 6. On holdings count, XHY is the more diversified portfolio.
Recent articles about XHY and HBNK
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.