HBNK.TO Alternatives & Similar ETFs

Global X Equal Weight Banks Index ETF (HBNK.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 HBNK.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HBNK.TO

HBNK.TO charges 0.09% annually. No ETFs in the Financials Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.19%.

Symbol	Name	Expense Ratio	AUM	Inception
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.39B	Apr 2023	HBNK.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	6.15B	Oct 2009	HBNK.TO vs ZEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	130.84M	Sep 2013	HBNK.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	HBNK.TO vs XUSF.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	0.32%	485.97M	Oct 2017	HBNK.TO vs RBNK.TO

Best Risk-Adjusted Alternatives to HBNK.TO

HBNK.TO has a PortfoliosLab risk / return rank of 97. There are 3 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

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

Top Performing HBNK.TO Alternatives (YTD)

HBNK.TO is at 30.68% YTD. There are 6 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	HBNK.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	HBNK.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	38.28%	1.06B	Oct 2020	HBNK.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	37.19%	—	Jul 2023	HBNK.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	31.29%	485.97M	Oct 2017	HBNK.TO vs RBNK.TO

Lowest Volatility Alternatives to HBNK.TO

HBNK.TO has 12.95% 1-year volatility. There are 8 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	HBNK.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.40%	348.36M	Aug 2010	HBNK.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.51%	4.65B	Jan 2011	HBNK.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.79%	419.44M	Feb 2008	HBNK.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.20%	2.28B	Mar 2001	HBNK.TO vs XFN.TO

Lowest Drawdown Alternatives to HBNK.TO

HBNK.TO has a 1-year max drawdown of -8.48%. There are 7 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	HBNK.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.40B	Apr 2010	HBNK.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.28B	Mar 2001	HBNK.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.65B	Jan 2011	HBNK.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	130.84M	Sep 2013	HBNK.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	HBNK.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.97%	2.36B	Apr 2023	HBNK.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	HBNK.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	HBNK.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	HBNK.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	92	62.84%	416.39M	Jun 2021	HBNK.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	61	0.90%	1.92B	Feb 2020	HBNK.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	HBNK.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	16.46%	732.86M	Sep 2011	HBNK.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	HBNK.TO vs ENCC.TO

Often Compared With HBNK.TO

Investors most often compare HBNK.TO with XEQT.TO, XDIV.TO, EBNK.TO. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	80	12.92%	19.56B	Aug 2019	HBNK.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	21.65%	5.54B	Jun 2017	HBNK.TO vs XDIV.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	58	11.40%	146.10M	Jan 2022	HBNK.TO vs EBNK.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	95	17.83%	2.47B	Jan 2023	HBNK.TO vs HMAX.TO
ENB.TO	Enbridge Inc.		89	23.81%	—	—	HBNK.TO vs ENB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	97	26.81%	197.22M	Jul 2023	HBNK.TO vs BKCL.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	97	30.39%	326.90M	Jan 2019	HBNK.TO vs HEWB.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Canada Equities	97	33.52%	—	Mar 2025	HBNK.TO vs CLSA.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	86	11.72%	22.98B	Sep 1999	HBNK.TO vs XIU.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	95	24.47%	466.70M	Jan 2022	HBNK.TO vs HFIN.TO
VXM.TO	CI Morningstar International Value CAD Hedged	International Equity	85	9.77%	995.46M	Nov 2014	HBNK.TO vs VXM.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	HBNK.TO vs VDY.TO
CNCC.TO	Global X Canadian S&P/TSX 60 Covered Call ETF	Options Trading	87	9.26%	180.61M	Mar 2011	HBNK.TO vs CNCC.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	45	6.82%	6.18B	Oct 2011	HBNK.TO vs ZLB.TO
CPCC.TO	Global X Copper Producer Equity Covered Call ETF	Copper, Derivative Income	—	12.09%	—	Dec 2025	HBNK.TO vs CPCC.TO
GLDX.TO	Global X Gold Producers Index ETF	Gold, Precious Metals	35	-7.62%	—	Nov 2024	HBNK.TO vs GLDX.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	Nasdaq-100, Leveraged Equities	51	38.31%	—	Jun 2025	HBNK.TO vs TQQQ.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	96	21.49%	395.62M	May 2011	HBNK.TO vs BKCC.TO
HLIT.TO	Global X Lithium Producers Index ETF	Lithium & Battery Metals	80	13.22%	—	Jun 2021	HBNK.TO vs HLIT.TO
HCON.TO	Global X Conservative Asset Allocation ETF	Global Allocation	69	5.55%	37.39M	Aug 2018	HBNK.TO vs HCON.TO

Compare HBNK.TO with Any Fund or Stock

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

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Diversifiers

Pair HBNK.TO with funds that move differently

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

Explore HBNK.TO Diversifiers

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