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 28 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%	1.45B	Apr 2023	BNKL.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.10B	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
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	134.24M	Sep 2013	BNKL.TO vs HXF.TO

Best Risk-Adjusted Alternatives to BNKL.TO

BNKL.TO has a PortfoliosLab risk / return rank of 98. No ETFs in the Financials Equities category have higher risk-adjusted ranks; the top alternatives shown here go 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	1.09B	Oct 2020	BNKL.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	98	—	Jul 2023	BNKL.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.10B	Oct 2009	BNKL.TO vs ZEB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	98	438.68M	Feb 2008	BNKL.TO vs CEW.TO

Top Performing BNKL.TO Alternatives (YTD)

BNKL.TO is at 41.35% YTD. There are 2 ETFs in the Financials Equities category with higher YTD returns, going as high as 48.45%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	48.45%	88.65M	Jun 2007	BNKL.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	BNKL.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	41.03%	1.09B	Oct 2020	BNKL.TO vs HCAL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	33.54%	518.88M	Oct 2017	BNKL.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	32.90%	7.10B	Oct 2009	BNKL.TO vs ZEB.TO

Lowest Volatility Alternatives to BNKL.TO

BNKL.TO has 16.61% 1-year volatility. There are 20 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.59%	1.43B	Apr 2010	BNKL.TO vs FIE.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	BNKL.TO vs HPYB.TO
DXF.TO	Dynamic Active Global Financial Services ETF	12.43%	11.95M	Sep 2017	BNKL.TO vs DXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	12.67%	353.44M	Aug 2010	BNKL.TO vs CIC.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.79%	438.68M	Feb 2008	BNKL.TO vs CEW.TO

Lowest Drawdown Alternatives to BNKL.TO

BNKL.TO has a 1-year max drawdown of -10.79%. There are 15 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%	438.68M	Feb 2008	BNKL.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.43B	Apr 2010	BNKL.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.30B	Mar 2001	BNKL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.77B	Jan 2011	BNKL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	134.24M	Sep 2013	BNKL.TO vs HXF.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, HXQ.TO, CBIL.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	100	1.20%	6.55B	Nov 2021	BNKL.TO vs CASH.TO
HXQ.TO	Global X Nasdaq-100 Index Corporate Class ETF	Nasdaq-100	51	14.56%	1.73B	Apr 2016	BNKL.TO vs HXQ.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.23%	2.56B	Apr 2023	BNKL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	56	14.15%	353.68M	Oct 2023	BNKL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	70	12.29%	7.40B	Nov 2010	BNKL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	13.38%	5.48B	Sep 2010	BNKL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Artificial Intelligence, Semiconductors, Technology Equities	80	44.43%	370.09M	Jun 2021	BNKL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	65	1.00%	1.93B	Feb 2020	BNKL.TO vs HSAV.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	79	13.52%	244.05M	Jul 2023	BNKL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	56	11.50%	683.57M	Sep 2011	BNKL.TO vs QQCC.TO

Often Compared With BNKL.TO

Investors most often compare BNKL.TO with BKCL.TO, GLCC.TO, HEWB.TO. These 20 comparison targets span 10 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	29.34%	201.63M	Jul 2023	BNKL.TO vs BKCL.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold, Precious Metals	35	-11.58%	559.99M	Apr 2011	BNKL.TO vs GLCC.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	98	32.76%	349.57M	Jan 2019	BNKL.TO vs HEWB.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	20	2.29%	198.40M	Feb 2024	BNKL.TO vs FMAX.TO
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	62	15.05%	352.50M	Feb 2019	BNKL.TO vs ZWK.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities, Australia Equities, Equal Weight	30	6.77%	141.30M	Jun 2020	BNKL.TO vs HBA.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	30.61%	—	Dec 2025	BNKL.TO vs SIXY.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	97	28.08%	502.20M	Jan 2022	BNKL.TO vs HFIN.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	72	16.96%	160.28M	Jan 2022	BNKL.TO vs EBNK.TO
SOFI	SoFi Technologies, Inc.		25	-37.70%	—	—	BNKL.TO vs SOFI
ZBK.TO	BMO Equal Weight US Banks Index ETF	Financials Equities, Equal Weight	56	16.38%	804.19M	Feb 2014	BNKL.TO vs ZBK.TO
HFG.TO	Hamilton Global Financials ETF	Financials Equities	55	10.26%	65.40M	Jun 2020	BNKL.TO vs HFG.TO
HUM.TO	Hamilton U.S. Mid-Cap Financials ETF	Financials Equities, Mid Cap Blend Equities	25	7.14%	22.80M	Jun 2020	BNKL.TO vs HUM.TO
KNGC.TO	Brompton Canadian Cash Flow Kings ETF	Canada Equities	97	18.12%	—	May 2024	BNKL.TO vs KNGC.TO
FSF.TO	CI Global Financial Sector ETF	Financials Equities	34	6.31%	301.04M	Nov 2014	BNKL.TO vs FSF.TO
HUBL.TO	Harvest US Bank Leaders Income ETF	Financials Equities, Derivative Income	46	10.67%	130.73M	Feb 2018	BNKL.TO vs HUBL.TO
BFIN.TO	Brompton North American Financials Dividend ETF	Financials Equities, Dividend	56	9.67%	97.49M	Oct 2018	BNKL.TO vs BFIN.TO
ZUB.TO	BMO Equal Weight US Banks Hedged to CAD Index ETF	Financials Equities, Equal Weight	47	12.28%	341.88M	May 2010	BNKL.TO vs ZUB.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	93	31.48%	784.46M	Apr 2011	BNKL.TO vs ENCC.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	35.40%	108.60M	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