VS
iShares Core Canadian Long Term Bond Index ETF (XLB) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XLB focuses its top 3 sector exposures on Municipal, Sovereign, and Power, while HBNK leans towards Financials. When evaluating costs, XLB features a management fee (MER) of 0.18%, compared to 0.09% for HBNK. Performance-wise, XLB has returned 2.56% year-to-date with -$93 M in net flows, whereas HBNK is at 25.35% with -$415 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
XLB
HBNK
| AuM | $751.29 M | $791.30 M |
| Management Fees | 0.18% | 0.09% |
| Exp. ratio | 0.20% | 0.10% |
| Tracking Difference | - | -0.41% |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XLB | +2.28% | +3.51% | +2.56% | +3.60% | +9.27% |
HBNK | +8.46% | +23.65% | +25.35% | +68.05% | - | |
| Flows | XLB | -$9 M | -$76 M | -$93 M | -$87 M | +$12 M |
HBNK | +$31 M | -$184 M | -$415 M | -$667 M | - |
XLB vs HBNK exposure
Countries
XLB
Canada
99.84%
HBNK
Canada
99.93%
Sectors
XLB
Municipal
48.32%
Sovereign
17.52%
Other
9.52%
Power
9.02%
Other
15.61%
HBNK
Financials
99.93%
As of June 12, 2026
Top 10 Holdings
XLB
Canada, Bonds 3.5% 1dec2057, CAD
4.19%
Canada, Bond 2 1jan2051 30Y
3.31%
CA135087U287
3.29%
Canada, Bonds 2.75% 1dec2055, CAD
3.23%
Canada, Bond 1.75 1dec2053 30Y
2.61%
Province of Quebec, 4.4% 1dec2055, CAD (B133)
2.22%
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
1.65%
Province of Ontario, 4.65% 2jun2041, CAD (DMTN204)
1.60%
Province of Ontario, 3.75% 2dec2053, CAD (DMTN255)
1.48%
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
1.48%
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
Diversification
XLB
Total weight of top 10 holdings out of 620 total
25.07%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
XLB
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Long Term Overall Bond TR Index - CAD | 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 | 4.02% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | July 5, 2023 |
Frequently asked questions about XLB and HBNK
Which ETF has performed better year to date: XLB or HBNK?
As of June 12, 2026, XLB has returned 2.56% year to date, while HBNK has returned 25.35%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XLB or HBNK?
As of June 12, 2026, XLB manages $751.29 M in assets, while HBNK manages $791.30 M. HBNK is the larger fund by AUM.
How are XLB and HBNK managed?
XLB is passively managed by iShares. It tracks the FTSE Canada Long Term Overall Bond TR 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 XLB and HBNK emphasize?
XLB is most exposed to Municipal, Sovereign, and Power. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XLB or HBNK?
Year to date, XLB has seen -$92.51 M in net flows, compared with -$414.83 M for HBNK. XLB has attracted more net investor money so far.
How do the fees of XLB and HBNK compare?
XLB has an expense ratio of 0.20%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XLB and HBNK?
XLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD and Canada, Bond 2 1jan2051 30Y. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: XLB or HBNK?
XLB holds 566 securities, while HBNK holds 6. On holdings count, XLB is the more diversified portfolio.
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