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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to HBA.TO

HBA.TO charges 0.00% annually. Among ETFs in the Financials Equities category, these options have the lowest expense ratios among HBA.TO alternatives.

Symbol	Name	Expense Ratio	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	Jul 5, 2023	HBA.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	Apr 3, 2023	HBA.TO vs HEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	Sep 16, 2013	HBA.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	Sep 6, 2023	HBA.TO vs XUSF.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	Oct 19, 2009	HBA.TO vs ZEB.TO

Best Risk-Adjusted Alternatives to HBA.TO

Among ETFs in the Financials Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ZEB.TO	BMO Equal Weight Banks Index ETF	98	Oct 19, 2009	HBA.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	98	Jul 5, 2023	HBA.TO vs HBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	Jul 5, 2023	HBA.TO vs BNKL.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	98	Apr 3, 2023	HBA.TO vs HEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	98	Oct 19, 2017	HBA.TO vs RBNK.TO

Top Performing HBA.TO Alternatives (YTD)

HBA.TO alternatives from the Financials Equities category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
RBNK.TO	RBC Canadian Bank Yield Index ETF	1.94%	Oct 19, 2017	HBA.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	1.92%	Oct 19, 2009	HBA.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	1.67%	Jul 5, 2023	HBA.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	1.58%	Apr 3, 2023	HBA.TO vs HEB.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	1.51%	Aug 18, 2010	HBA.TO vs CIC.TO

Lowest Volatility Alternatives to HBA.TO

HBA.TO alternatives from the Financials Equities category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ZWB.TO	BMO Covered Call Canadian Banks ETF	12.37%	Jan 9, 2024	HBA.TO vs ZWB.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	12.48%	Aug 18, 2010	HBA.TO vs CIC.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	13.34%	Oct 19, 2009	HBA.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	13.46%	Jul 5, 2023	HBA.TO vs HBNK.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	13.49%	Feb 6, 2008	HBA.TO vs CEW.TO

Lowest Drawdown Alternatives to HBA.TO

HBA.TO alternatives from the Financials Equities category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ZWB.TO	BMO Covered Call Canadian Banks ETF	-8.10%	Jan 9, 2024	HBA.TO vs ZWB.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	Aug 18, 2010	HBA.TO vs CIC.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	-8.44%	Oct 19, 2009	HBA.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	-8.48%	Jul 5, 2023	HBA.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	-8.86%	Apr 3, 2023	HBA.TO vs HEB.TO

Other ETFs from Hamilton

Most popular Hamilton ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	-0.14%	Jun 26, 2020	HBA.TO vs HCA.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	—	-1.88%	Apr 25, 2025	HBA.TO vs MIX.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	92	7.09%	Jan 27, 2025	HBA.TO vs CWIN.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	7	-9.81%	Feb 6, 2024	HBA.TO vs FMAX.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	46	-7.72%	Feb 4, 2022	HBA.TO vs HYLD-U.TO
QMVP.TO	Hamilton Champions U.S. Technology Index ETF	Technology Equities	—	—	Jan 20, 2026	HBA.TO vs QMVP.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	8	-3.55%	Feb 6, 2024	HBA.TO vs LMAX.TO

Often Compared With HBA.TO

What investors most often compare with HBA.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	97	9.07%	Nov 2, 2012	HBA.TO vs VDY.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	0.37%	Dec 1, 2025	HBA.TO vs SIXY.TO
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	40	-2.90%	Feb 12, 2019	HBA.TO vs ZWK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	96	-1.56%	Jul 5, 2023	HBA.TO vs BKCL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	98	1.59%	Oct 14, 2020	HBA.TO vs HCAL.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	92	-3.31%	Jan 26, 2022	HBA.TO vs HFIN.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	58	-4.60%	Jan 7, 2022	HBA.TO vs EBNK.TO

Compare HBA.TO with Any Fund or Stock

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

Symbol name

Hamilton Australian Bank Equal-Weight Index ETF

Symbol name