BNKL.TO Alternatives & Similar ETFs

Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BNKL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to BNKL.TO

BNKL.TO charges 1.33% annually. There are 16 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	BNKL.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.39B	Apr 2023	BNKL.TO vs HEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	130.84M	Sep 2013	BNKL.TO vs HXF.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	6.15B	Oct 2009	BNKL.TO vs ZEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	BNKL.TO vs XUSF.TO

Best Risk-Adjusted Alternatives to BNKL.TO

BNKL.TO has a PortfoliosLab risk / return rank of 98. There is 1 ETF in the Financials Equities category with a higher risk-adjusted rank, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	BNKL.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.06B	Oct 2020	BNKL.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	97	—	Jul 2023	BNKL.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	97	6.15B	Oct 2009	BNKL.TO vs ZEB.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	97	1.39B	Apr 2023	BNKL.TO vs HEB.TO

Top Performing BNKL.TO Alternatives (YTD)

BNKL.TO is at 37.19% YTD. There are 3 ETFs in the Financials Equities category with higher YTD returns, going as high as 43.47%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	43.47%	86.85M	Jun 2007	BNKL.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	BNKL.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	38.28%	1.06B	Oct 2020	BNKL.TO vs HCAL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	31.29%	485.97M	Oct 2017	BNKL.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	30.69%	6.15B	Oct 2009	BNKL.TO vs ZEB.TO

Lowest Volatility Alternatives to BNKL.TO

BNKL.TO has 15.50% 1-year volatility. There are 14 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.02%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.02%	1.40B	Apr 2010	BNKL.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.40%	348.36M	Aug 2010	BNKL.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.51%	4.65B	Jan 2011	BNKL.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.79%	419.44M	Feb 2008	BNKL.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.20%	2.28B	Mar 2001	BNKL.TO vs XFN.TO

Lowest Drawdown Alternatives to BNKL.TO

BNKL.TO has a 1-year max drawdown of -10.79%. There are 14 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.13%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	-7.13%	419.44M	Feb 2008	BNKL.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.40B	Apr 2010	BNKL.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.28B	Mar 2001	BNKL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.65B	Jan 2011	BNKL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	130.84M	Sep 2013	BNKL.TO vs HXF.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 9 categories. AUM among these funds goes as high as $7B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	99	0.95%	6.67B	Nov 2021	BNKL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.97%	2.36B	Apr 2023	BNKL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	76	20.21%	379.27M	Oct 2023	BNKL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	69	11.68%	7.12B	Nov 2010	BNKL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	86	11.58%	5.30B	Sep 2010	BNKL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	92	62.84%	416.39M	Jun 2021	BNKL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	61	0.90%	1.92B	Feb 2020	BNKL.TO vs HSAV.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	76	12.30%	250.98M	Jul 2023	BNKL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	16.46%	732.86M	Sep 2011	BNKL.TO vs QQCC.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	77	24.43%	708.27M	Apr 2011	BNKL.TO vs ENCC.TO

Often Compared With BNKL.TO

Investors most often compare BNKL.TO with BKCL.TO, GLCC.TO, HEWB.TO. These 12 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	97	26.81%	197.22M	Jul 2023	BNKL.TO vs BKCL.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold, Precious Metals	30	-6.77%	589.70M	Apr 2011	BNKL.TO vs GLCC.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	97	30.39%	326.90M	Jan 2019	BNKL.TO vs HEWB.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	15	-0.97%	188.90M	Feb 2024	BNKL.TO vs FMAX.TO
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	61	14.60%	360.23M	Feb 2019	BNKL.TO vs ZWK.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	17	2.64%	134.70M	Jun 2020	BNKL.TO vs HBA.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	28.03%	—	Dec 2025	BNKL.TO vs SIXY.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	95	24.47%	466.70M	Jan 2022	BNKL.TO vs HFIN.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	58	11.40%	146.10M	Jan 2022	BNKL.TO vs EBNK.TO
SOFI	SoFi Technologies, Inc.		48	-33.96%	—	—	BNKL.TO vs SOFI
KNGC.TO	Brompton Canadian Cash Flow Kings ETF	Large Cap Blend Equities	95	15.18%	—	May 2024	BNKL.TO vs KNGC.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	32.53%	105.70M	Jun 2020	BNKL.TO vs HCA.TO

Compare BNKL.TO with Any Fund or Stock

Compare BNKL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair BNKL.TO with funds that move differently

Global X Enhanced Equal Weight Banks Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BNKL.TO.

Explore BNKL.TO Diversifiers

Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) Alternatives