HBA.TO Alternatives & Similar ETFs

Hamilton Australian Bank Equal-Weight Index ETF (HBA.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 HBA.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HBA.TO

Among 18 ETFs in the Financials Equities category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	HBA.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.27B	Apr 2023	HBA.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	5.16B	Oct 2009	HBA.TO vs ZEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	HBA.TO vs XUSF.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	121.72M	Sep 2013	HBA.TO vs HXF.TO

Best Risk-Adjusted Alternatives to HBA.TO

HBA.TO has a PortfoliosLab risk / return rank of 15. There are 16 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 96.

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

Top Performing HBA.TO Alternatives (YTD)

HBA.TO is at -0.51% YTD. There are 17 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	HBA.TO vs CBNK.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	HBA.TO vs CFOU.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	20.92%	—	Jul 2023	HBA.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	19.94%	454.41M	Oct 2017	HBA.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	19.22%	5.16B	Oct 2009	HBA.TO vs ZEB.TO

Lowest Volatility Alternatives to HBA.TO

HBA.TO has 18.87% 1-year volatility. There are 16 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	HBA.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.31%	4.34B	Jan 2024	HBA.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.61%	381.54M	Feb 2008	HBA.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.07%	2.24B	Mar 2001	HBA.TO vs XFN.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	12.59%	187.53M	Jul 2023	HBA.TO vs BKCL.TO

Lowest Drawdown Alternatives to HBA.TO

HBA.TO has a 1-year max drawdown of -12.12%. There are 13 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	HBA.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.24B	Mar 2001	HBA.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.34B	Jan 2024	HBA.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	121.72M	Sep 2013	HBA.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	423.04M	Aug 2010	HBA.TO vs CIC.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HCA.TO, LMAX.TO, QMVP.TO and span 8 categories. AUM among these funds goes as high as $937M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	96	19.58%	96.00M	Jun 2020	HBA.TO vs HCA.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	17	-4.95%	199.50M	Feb 2024	HBA.TO vs LMAX.TO
QMVP.TO	Hamilton Champions U.S. Technology Index ETF	Technology Equities	—	—	—	Jan 2026	HBA.TO vs QMVP.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	83	15.75%	—	Jan 2025	HBA.TO vs CWIN.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	63	8.17%	—	Apr 2025	HBA.TO vs MIX.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	15.12%	937.07M	Feb 2022	HBA.TO vs HYLD-U.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	8	-8.06%	172.90M	Feb 2024	HBA.TO vs FMAX.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities	—	—	—	Jan 2026	HBA.TO vs UMVP.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	Utilities Equities	92	18.77%	234.40M	Sep 2022	HBA.TO vs HUTS.TO
CMAX.TO	Hamilton Canadian Equity YIELD MAXIMIZER ETF	Derivative Income	—	—	—	May 2026	HBA.TO vs CMAX.TO

Often Compared With HBA.TO

Investors most often compare HBA.TO with ZWK.TO, SIXY.TO, VDY.TO. These 7 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	42	3.97%	344.84M	Feb 2019	HBA.TO vs ZWK.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	17.44%	—	Dec 2025	HBA.TO vs SIXY.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	HBA.TO vs VDY.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	HBA.TO vs HCAL.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	90	13.11%	419.30M	Jan 2022	HBA.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	HBA.TO vs EBNK.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	HBA.TO vs XEQT.TO

Compare HBA.TO with Any Fund or Stock

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

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Diversifiers

Pair HBA.TO with funds that move differently

Hamilton Australian Bank Equal-Weight Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HBA.TO.

Explore HBA.TO Diversifiers

Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) Alternatives