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Compare iShares S&P/TSX Capped REIT Index ETF (XRE) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. XRE provides Real Estate exposures, while HBNK is primarily weighted in Financials. When evaluating costs, XRE features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, XRE has returned 13.32% year-to-date with -$13 M in net flows, whereas HBNK is at 25.71% with -$417 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
XRE
HBNK
| AuM | $1,172.91 M | $791.43 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.60% | 0.10% |
| Tracking Difference | -0.72% | -0.41% |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRE | +4.42% | +11.14% | +13.32% | +13.57% | +20.93% |
HBNK | +8.57% | +22.82% | +25.71% | +68.44% | - | |
| Flows | XRE | -$28 M | -$29 M | -$13 M | -$454 M | +$110 M |
HBNK | +$25 M | -$167 M | -$417 M | -$668 M | - |
XRE vs HBNK exposure
Countries
XRE
Canada
99.58%
HBNK
Canada
99.93%
Sectors
XRE
Real Estate
86.51%
Other
13.49%
HBNK
Financials
99.93%
As of June 12, 2026
Top 10 Holdings
XRE
RIOCAN REAL ESTATE UNT
11.89%
CANADIAN APARTMENT PROPER REIT UNT
10.83%
CA3874372053
10.71%
FIRST CAPITAL REIT UNT
9.56%
CHOICE PROPERTIES REAL ESTATE INVESTMENT UNITS
7.89%
DREAM INDUSTRIAL REAL ESTATE
7.57%
SMART REAL ESTATE INVESTMENT
6.99%
H&R REAL ESTATE INVESTMENT TRUST UNIT
5.44%
BOARDWALK REAL ESTATE INVESTMENT UNT
5.20%
PRIMARIS REAL ESTATE INVESTMENT TRUST UNIT
4.28%
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
XRE
Total weight of top 10 holdings out of 16 total
80.37%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
XRE
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped REIT Total Return 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 | 4.34% | 2.66% |
| Meets ESG criteria | No | No |
| Inception Date | October 17, 2002 | July 5, 2023 |
Frequently asked questions about XRE and HBNK
Which ETF has performed better year to date: XRE or HBNK?
As of June 12, 2026, XRE has returned 13.32% year to date, while HBNK has returned 25.71%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XRE or HBNK?
As of June 12, 2026, XRE manages $1.17 B in assets, while HBNK manages $791.43 M. XRE is the larger fund by AUM.
How are XRE and HBNK managed?
XRE is passively managed by iShares. It tracks the S&P/TSX Capped REIT Total Return 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 XRE and HBNK emphasize?
XRE is most exposed to Real Estate. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XRE or HBNK?
Year to date, XRE has seen -$12.77 M in net flows, compared with -$416.98 M for HBNK. XRE has attracted more net investor money so far.
How do the fees of XRE and HBNK compare?
XRE has an expense ratio of 0.60%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XRE and HBNK?
XRE's largest holdings include RIOCAN REAL ESTATE UNT and CANADIAN APARTMENT PROPER REIT UNT. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: XRE or HBNK?
XRE holds 15 securities, while HBNK holds 6. On holdings count, XRE is the more diversified portfolio.
Recent articles about XRE and HBNK
Build Canada Homes: A Boost for Real Estate ETFs?
The Canadian government's $26B prefab housing plan and a U.S. tariff ruling have injected optimism into real estate markets, with analysts anticipating gains for REITs and construction-focused funds.
Posted on 6/2/2025 by ETF Market Canada inReal Estate
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