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Compare iShares S&P/TSX Capped Materials Index ETF (XMA) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. XMA provides Materials exposures, while HBNK is primarily weighted in Financials. When evaluating costs, XMA features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, XMA has returned 8.83% year-to-date with +$270 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
XMA
HBNK
| AuM | $707.36 M | $696.43 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.61% | 0.10% |
| Tracking Difference | 0.75% | -0.43% |
Historical performance and flows
As of May 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMA | -3.94% | -2.01% | +8.83% | +74.33% | +126.47% |
HBNK | +9.63% | +10.05% | +15.07% | +65.74% | - | |
| Flows | XMA | +$5 M | +$127 M | +$270 M | +$317 M | +$191 M |
HBNK | -$203 M | -$382 M | -$447 M | -$704 M | - |
XMA vs HBNK exposure
Countries
XMA
Canada
99.91%
HBNK
Canada
99.99%
Sectors
XMA
Materials
82.53%
Other
17.48%
HBNK
Financials
99.99%
As of May 6, 2026
Top 10 Holdings
XMA
AGNICO EAGLE MINES LTD
15.62%
CA06849F1080
10.52%
WHEATON PRECIOUS METALS CORP
9.16%
FRANCO NEVADA
7.33%
KINROSS GOLD
5.64%
NUTRIEN LTD
5.58%
TECK RESOURCES LIMITED
3.56%
PAN AMERICAN
3.55%
ALAMOS GOLD
2.87%
LUNDIN MINING
2.59%
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
XMA
Total weight of top 10 holdings out of 60 total
66.41%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XMA
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Materials 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 | 0.37% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | July 5, 2023 |
Frequently asked questions about XMA and HBNK
Which ETF has performed better year to date: XMA or HBNK?
As of May 6, 2026, XMA has returned 8.83% year to date, while HBNK has returned 15.07%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XMA or HBNK?
As of May 6, 2026, XMA manages $707.36 M in assets, while HBNK manages $696.43 M. XMA is the larger fund by AUM.
How are XMA and HBNK managed?
XMA is passively managed by iShares. It tracks the S&P/TSX Capped Materials 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 XMA and HBNK emphasize?
XMA is most exposed to Materials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XMA or HBNK?
Year to date, XMA has seen +$269.86 M in net flows, compared with -$447.17 M for HBNK. XMA has attracted more net investor money so far.
How do the fees of XMA and HBNK compare?
XMA has an expense ratio of 0.61%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XMA and HBNK?
XMA's largest holdings include AGNICO EAGLE MINES LTD and WHEATON PRECIOUS METALS CORP. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XMA or HBNK?
XMA holds 48 securities, while HBNK holds 6. On holdings count, XMA is the more diversified portfolio.
Recent articles about XMA and HBNK
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