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%	1.27B	Apr 2023	HBNK.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	5.16B	Oct 2009	HBNK.TO vs ZEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	121.72M	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%	454.41M	Oct 2017	HBNK.TO vs RBNK.TO

Best Risk-Adjusted Alternatives to HBNK.TO

HBNK.TO has a PortfoliosLab risk / return rank of 96. There are 3 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	HBNK.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	96	—	Jul 2023	HBNK.TO vs BNKL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	96	5.16B	Oct 2009	HBNK.TO vs ZEB.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	96	1.27B	Apr 2023	HBNK.TO vs HEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	96	454.41M	Oct 2017	HBNK.TO vs RBNK.TO

Top Performing HBNK.TO Alternatives (YTD)

HBNK.TO is at 18.85% YTD. There are 6 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	HBNK.TO vs CBNK.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	HBNK.TO vs CFOU.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	20.92%	—	Jul 2023	HBNK.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	19.94%	454.41M	Oct 2017	HBNK.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	19.22%	5.16B	Oct 2009	HBNK.TO vs ZEB.TO

Lowest Volatility Alternatives to HBNK.TO

HBNK.TO has 12.67% 1-year volatility. There are 7 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	HBNK.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.31%	4.34B	Jan 2024	HBNK.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.61%	381.54M	Feb 2008	HBNK.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.07%	2.24B	Mar 2001	HBNK.TO vs XFN.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	12.59%	187.53M	Jul 2023	HBNK.TO vs BKCL.TO

Lowest Drawdown Alternatives to HBNK.TO

HBNK.TO has a 1-year max drawdown of -8.48%. There are 6 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	HBNK.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.24B	Mar 2001	HBNK.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.34B	Jan 2024	HBNK.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	121.72M	Sep 2013	HBNK.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	423.04M	Aug 2010	HBNK.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	HBNK.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	HBNK.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	HBNK.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	HBNK.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	HBNK.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	HBNK.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	94	66.03%	342.08M	Jun 2021	HBNK.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	HBNK.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.94%	713.85M	Sep 2011	HBNK.TO vs QQCC.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold	39	-0.45%	597.10M	Apr 2011	HBNK.TO vs GLCC.TO

Often Compared With HBNK.TO

Investors most often compare HBNK.TO with HCAL.TO, XEQT.TO, XDIV.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	HBNK.TO vs HCAL.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	HBNK.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	HBNK.TO vs XDIV.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	38	5.02%	140.46M	Jan 2022	HBNK.TO vs EBNK.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Canada Equities	93	8.54%	1.34B	Apr 2010	HBNK.TO vs FIE.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	91	11.17%	2.34B	Jan 2023	HBNK.TO vs HMAX.TO
ENB.TO	Enbridge Inc.		81	21.23%	—	—	HBNK.TO vs ENB.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Canada Equities	96	20.72%	—	Mar 2025	HBNK.TO vs CLSA.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	82	10.14%	22.52B	Sep 1999	HBNK.TO vs XIU.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities	96	19.10%	299.77M	Jan 2019	HBNK.TO vs HEWB.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	90	13.11%	419.30M	Jan 2022	HBNK.TO vs HFIN.TO
VXM.TO	CI Morningstar International Value CAD Hedged	International Equity	82	10.12%	911.96M	Nov 2014	HBNK.TO vs VXM.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	HBNK.TO vs ZLB.TO
CPCC.TO	Global X Copper Producer Equity Covered Call ETF	Commodity Producers Equities	—	23.82%	—	Dec 2025	HBNK.TO vs CPCC.TO
CNCC.TO	Global X Canadian S&P/TSX 60 Covered Call ETF	Options Trading	81	7.92%	175.28M	Mar 2011	HBNK.TO vs CNCC.TO
GLDX.TO	Global X Gold Producers Index ETF	Commodity Producers Equities	45	-0.91%	—	Nov 2024	HBNK.TO vs GLDX.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	94	14.24%	370.01M	May 2011	HBNK.TO vs BKCC.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	Nasdaq-100, Leveraged Equities	—	61.21%	—	Jun 2025	HBNK.TO vs TQQQ.TO
HLIT.TO	Global X Lithium Producers Index ETF	Commodity Producers Equities	87	25.27%	—	Jun 2021	HBNK.TO vs HLIT.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	HBNK.TO vs VDY.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