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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to HBNK.TO

HBNK.TO charges 0.09% annually. Among ETFs in the Financials Equities category, these options have the lowest expense ratios among HBNK.TO alternatives.

Symbol	Name	Expense Ratio	Inception
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	Apr 3, 2023	HBNK.TO vs HEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	Sep 16, 2013	HBNK.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	Sep 6, 2023	HBNK.TO vs XUSF.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	Oct 19, 2009	HBNK.TO vs ZEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	0.32%	Oct 19, 2017	HBNK.TO vs RBNK.TO

Best Risk-Adjusted Alternatives to HBNK.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	HBNK.TO vs ZEB.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	Jul 5, 2023	HBNK.TO vs BNKL.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	98	Apr 3, 2023	HBNK.TO vs HEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	98	Oct 19, 2017	HBNK.TO vs RBNK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	98	Jan 9, 2024	HBNK.TO vs ZWB.TO

Top Performing HBNK.TO Alternatives (YTD)

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

Symbol	Name	YTD Return	Inception
ZEB.TO	BMO Equal Weight Banks Index ETF	3.26%	Oct 19, 2009	HBNK.TO vs ZEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	3.20%	Oct 19, 2017	HBNK.TO vs RBNK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	3.20%	Jul 5, 2023	HBNK.TO vs BKCL.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	2.72%	Jan 9, 2024	HBNK.TO vs ZWB.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	2.29%	Dec 1, 2025	HBNK.TO vs SIXY.TO

Lowest Volatility Alternatives to HBNK.TO

HBNK.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	12.42%	Jan 9, 2024	HBNK.TO vs ZWB.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	12.48%	Aug 18, 2010	HBNK.TO vs CIC.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	13.39%	Oct 19, 2009	HBNK.TO vs ZEB.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	13.52%	Apr 3, 2023	HBNK.TO vs HEB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	13.52%	Feb 6, 2008	HBNK.TO vs CEW.TO

Lowest Drawdown Alternatives to HBNK.TO

HBNK.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	HBNK.TO vs ZWB.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	Aug 18, 2010	HBNK.TO vs CIC.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	-8.44%	Oct 19, 2009	HBNK.TO vs ZEB.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	-8.86%	Apr 3, 2023	HBNK.TO vs HEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	-9.08%	Oct 19, 2017	HBNK.TO vs RBNK.TO

Other ETFs from Global X

Most popular Global X ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	100	0.48%	Nov 1, 2021	HBNK.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	100	0.47%	Apr 12, 2023	HBNK.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Derivative Income	47	-2.23%	Oct 10, 2023	HBNK.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	40	-2.71%	Nov 30, 2010	HBNK.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	91	3.38%	Sep 14, 2010	HBNK.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	94	1.16%	Feb 5, 2020	HBNK.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	92	8.14%	Jun 21, 2021	HBNK.TO vs CHPS.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	36	-1.75%	Jul 5, 2023	HBNK.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-1.53%	Sep 13, 2011	HBNK.TO vs QQCC.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold	91	11.06%	Apr 11, 2011	HBNK.TO vs GLCC.TO

Often Compared With HBNK.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	98	3.57%	Oct 14, 2020	HBNK.TO vs HCAL.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	72	1.51%	Aug 7, 2019	HBNK.TO vs XEQT.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	63	-0.96%	Jan 7, 2022	HBNK.TO vs EBNK.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	94	-0.48%	Jan 20, 2023	HBNK.TO vs HMAX.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Canada Equities	86	-1.10%	Apr 16, 2010	HBNK.TO vs FIE.TO
ENB.TO	Enbridge Inc.		80	15.01%	—	HBNK.TO vs ENB.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	93	7.90%	Jun 12, 2017	HBNK.TO vs XDIV.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Large Cap Growth Equities	91	3.54%	Sep 28, 1999	HBNK.TO vs XIU.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Canada Equities	97	-0.37%	Mar 20, 2025	HBNK.TO vs CLSA.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	78	1.94%	Oct 21, 2011	HBNK.TO vs ZLB.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	92	-3.31%	Jan 26, 2022	HBNK.TO vs HFIN.TO
VXM.TO	CI Morningstar International Value CAD Hedged	International Equity	96	8.20%	Nov 13, 2014	HBNK.TO vs VXM.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	96	0.95%	Feb 1, 2022	HBNK.TO vs BANK.TO
CPCC.TO	Global X Copper Producer Equity Covered Call ETF	Commodity Producers Equities	—	0.71%	Dec 1, 2025	HBNK.TO vs CPCC.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	Leveraged Equities	—	-21.77%	Jun 16, 2025	HBNK.TO vs TQQQ.TO
GLDX.TO	Global X Gold Producers Index ETF	Commodity Producers Equities	92	8.02%	Nov 6, 2024	HBNK.TO vs GLDX.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	93	4.54%	May 29, 2009	HBNK.TO vs ZCN.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities	98	1.56%	Jan 22, 2019	HBNK.TO vs HEWB.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities	94	-1.32%	Mar 23, 2001	HBNK.TO vs XFN.TO
CNCC.TO	Global X Canadian S&P/TSX 60 Covered Call ETF	Options Trading	82	1.41%	Mar 16, 2011	HBNK.TO vs CNCC.TO

Compare HBNK.TO with Any Fund or Stock

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

Symbol name

Global X Equal Weight Banks Index ETF

Symbol name