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 14 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%	1.27B	Apr 2023	BNKL.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	5.16B	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%	121.72M	Sep 2013	BNKL.TO vs HXF.TO

Best Risk-Adjusted Alternatives to BNKL.TO

BNKL.TO has a PortfoliosLab risk / return rank of 96. There is 1 ETF in the Financials Equities category with a higher risk-adjusted rank, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	96	—	Feb 2022	BNKL.TO vs CBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	96	5.16B	Oct 2009	BNKL.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	96	—	Jul 2023	BNKL.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	96	1.27B	Apr 2023	BNKL.TO vs HEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	96	454.41M	Oct 2017	BNKL.TO vs RBNK.TO

Top Performing BNKL.TO Alternatives (YTD)

BNKL.TO is at 20.92% YTD. There are 2 ETFs in the Financials Equities category with higher YTD returns, going as high as 25.56%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	25.56%	—	Feb 2022	BNKL.TO vs CBNK.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	BNKL.TO vs CFOU.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	19.94%	454.41M	Oct 2017	BNKL.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	19.22%	5.16B	Oct 2009	BNKL.TO vs ZEB.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	19.19%	1.27B	Apr 2023	BNKL.TO vs HEB.TO

Lowest Volatility Alternatives to BNKL.TO

BNKL.TO has 15.15% 1-year volatility. There are 13 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 11.26%.

Symbol	Name	Volatility 1Y	AUM	Inception
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.26%	423.04M	Aug 2010	BNKL.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.31%	4.34B	Jan 2024	BNKL.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.61%	381.54M	Feb 2008	BNKL.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.07%	2.24B	Mar 2001	BNKL.TO vs XFN.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	12.59%	187.53M	Jul 2023	BNKL.TO vs BKCL.TO

Lowest Drawdown Alternatives to BNKL.TO

BNKL.TO has a 1-year max drawdown of -10.79%. There are 12 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%	381.54M	Feb 2008	BNKL.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.24B	Mar 2001	BNKL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.34B	Jan 2024	BNKL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	121.72M	Sep 2013	BNKL.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	423.04M	Aug 2010	BNKL.TO vs CIC.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 10 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	0.83%	6.70B	Nov 2021	BNKL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	BNKL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	81	20.85%	364.56M	Oct 2023	BNKL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	BNKL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	BNKL.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	BNKL.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	94	66.03%	342.08M	Jun 2021	BNKL.TO vs CHPS.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	75	11.57%	249.48M	Jul 2023	BNKL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.94%	713.85M	Sep 2011	BNKL.TO vs QQCC.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold	39	-0.45%	597.10M	Apr 2011	BNKL.TO vs GLCC.TO

Often Compared With BNKL.TO

Investors most often compare BNKL.TO with HEWB.TO, HCAL.TO, FMAX.TO. These 11 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities	96	19.10%	299.77M	Jan 2019	BNKL.TO vs HEWB.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	BNKL.TO vs HCAL.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	8	-8.06%	172.90M	Feb 2024	BNKL.TO vs FMAX.TO
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	42	3.97%	344.84M	Feb 2019	BNKL.TO vs ZWK.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	15	-0.51%	132.00M	Jun 2020	BNKL.TO vs HBA.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	17.44%	—	Dec 2025	BNKL.TO vs SIXY.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	90	13.11%	419.30M	Jan 2022	BNKL.TO vs HFIN.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	38	5.02%	140.46M	Jan 2022	BNKL.TO vs EBNK.TO
SOFI	SoFi Technologies, Inc.		51	-36.29%	—	—	BNKL.TO vs SOFI
KNGC.TO	Brompton Canadian Cash Flow Kings ETF	Large Cap Blend Equities	97	18.75%	—	May 2024	BNKL.TO vs KNGC.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	96	19.58%	96.00M	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