VS
iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSH focuses its top 3 sector exposures on Banks, Pipelines, and Communication services, while HBNK leans towards Financials. When evaluating costs, XSH features a management fee (MER) of 0.09%, compared to 0.09% for HBNK. Performance-wise, XSH has returned 0.52% year-to-date with +$196 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
XSH
HBNK
| AuM | $2,374.69 M | $694.07 M |
| Management Fees | 0.09% | 0.09% |
| Exp. ratio | 0.10% | 0.10% |
| Tracking Difference | -0.11% | -0.43% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSH | +0.34% | -0.04% | +0.52% | +3.54% | +17.46% |
HBNK | +10.86% | +13.01% | +14.52% | +66.58% | - | |
| Flows | XSH | +$17 M | +$121 M | +$196 M | +$865 M | +$1,091 M |
HBNK | -$204 M | -$396 M | -$446 M | -$703 M | - |
XSH vs HBNK exposure
Countries
XSH
Canada
93.78%
HBNK
Canada
99.99%
Sectors
XSH
Banks
27.92%
Other
25.15%
Other
46.92%
HBNK
Financials
99.99%
As of May 1, 2026
Top 10 Holdings
XSH
CA06418Y4L93
0.94%
CA779926WF74
0.90%
CA89116C7J09
0.80%
CA13607QQT27
0.79%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.74%
CA06418YXB96
0.73%
Bank of Montreal, 4.709% 7dec2027, CAD
0.70%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.68%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.67%
Bank of Montreal, 4.309% 1jun2027, CAD
0.66%
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
XSH
Total weight of top 10 holdings out of 616 total
7.60%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XSH
HBNK
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe + Maple Short Term Corporate 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 | 3.91% | 2.90% |
| Meets ESG criteria | No | No |
| Inception Date | September 13, 2011 | July 5, 2023 |
Frequently asked questions about XSH and HBNK
Which ETF has performed better year to date: XSH or HBNK?
As of May 1, 2026, XSH has returned 0.52% year to date, while HBNK has returned 14.52%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: XSH or HBNK?
As of May 1, 2026, XSH manages $2.37 B in assets, while HBNK manages $694.07 M. XSH is the larger fund by AUM.
How are XSH and HBNK managed?
XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate 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 XSH and HBNK emphasize?
XSH is most exposed to Banks, Pipelines, and Communication services. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: XSH or HBNK?
Year to date, XSH has seen +$196.00 M in net flows, compared with -$446.18 M for HBNK. XSH has attracted more net investor money so far.
How do the fees of XSH and HBNK compare?
XSH has an expense ratio of 0.10%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of XSH and HBNK?
XSH's largest holdings include Toronto-Dominion Bank, 4.21% 1jun2027, CAD and Bank of Montreal, 4.709% 7dec2027, CAD. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XSH or HBNK?
XSH holds 467 securities, while HBNK holds 6. On holdings count, XSH is the more diversified portfolio.
Recent articles about XSH 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.