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%	1.45B	Apr 2023	HBNK.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.10B	Oct 2009	HBNK.TO vs ZEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	HBNK.TO vs XUSF.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	134.24M	Sep 2013	HBNK.TO vs HXF.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	0.32%	518.88M	Oct 2017	HBNK.TO vs RBNK.TO

Best Risk-Adjusted Alternatives to HBNK.TO

HBNK.TO has a PortfoliosLab risk / return rank of 98. 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
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	HBNK.TO vs BNKL.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	HBNK.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.09B	Oct 2020	HBNK.TO vs HCAL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.10B	Oct 2009	HBNK.TO vs ZEB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	98	438.68M	Feb 2008	HBNK.TO vs CEW.TO

Top Performing HBNK.TO Alternatives (YTD)

HBNK.TO is at 32.74% YTD. There are 7 ETFs in the Financials Equities category with higher YTD returns, going as high as 48.45%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	48.45%	88.65M	Jun 2007	HBNK.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	HBNK.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	41.35%	—	Jul 2023	HBNK.TO vs BNKL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	41.03%	1.09B	Oct 2020	HBNK.TO vs HCAL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	33.54%	518.88M	Oct 2017	HBNK.TO vs RBNK.TO

Lowest Volatility Alternatives to HBNK.TO

HBNK.TO has 14.21% 1-year volatility. There are 12 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.59%	1.43B	Apr 2010	HBNK.TO vs FIE.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	HBNK.TO vs HPYB.TO
DXF.TO	Dynamic Active Global Financial Services ETF	12.43%	11.95M	Sep 2017	HBNK.TO vs DXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	12.67%	353.44M	Aug 2010	HBNK.TO vs CIC.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.79%	438.68M	Feb 2008	HBNK.TO vs CEW.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%	438.68M	Feb 2008	HBNK.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.43B	Apr 2010	HBNK.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.30B	Mar 2001	HBNK.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.77B	Jan 2011	HBNK.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	134.24M	Sep 2013	HBNK.TO vs HXF.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, HXQ.TO, CBIL.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	100	1.20%	6.55B	Nov 2021	HBNK.TO vs CASH.TO
HXQ.TO	Global X Nasdaq-100 Index Corporate Class ETF	Nasdaq-100	51	14.56%	1.73B	Apr 2016	HBNK.TO vs HXQ.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.23%	2.56B	Apr 2023	HBNK.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	56	14.15%	353.68M	Oct 2023	HBNK.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	70	12.29%	7.40B	Nov 2010	HBNK.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	13.38%	5.48B	Sep 2010	HBNK.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Artificial Intelligence, Semiconductors, Technology Equities	80	44.43%	370.09M	Jun 2021	HBNK.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	65	1.00%	1.93B	Feb 2020	HBNK.TO vs HSAV.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	79	13.52%	244.05M	Jul 2023	HBNK.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	56	11.50%	683.57M	Sep 2011	HBNK.TO vs QQCC.TO

Often Compared With HBNK.TO

Investors most often compare HBNK.TO with XEQT.TO, XDIV.TO, HEWB.TO. These 20 comparison targets span 19 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	86	13.38%	20.80B	Aug 2019	HBNK.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	29.20%	6.16B	Jun 2017	HBNK.TO vs XDIV.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	98	32.76%	349.57M	Jan 2019	HBNK.TO vs HEWB.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	72	16.96%	160.28M	Jan 2022	HBNK.TO vs EBNK.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	19.57%	2.58B	Jan 2023	HBNK.TO vs HMAX.TO
ENB.TO	Enbridge Inc.		87	19.20%	—	—	HBNK.TO vs ENB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	97	29.34%	201.63M	Jul 2023	HBNK.TO vs BKCL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Dividend, Canada Equities	98	38.64%	—	Mar 2025	HBNK.TO vs CLSA.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	93	13.52%	24.26B	Sep 1999	HBNK.TO vs XIU.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	HBNK.TO vs VDY.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	97	28.08%	502.20M	Jan 2022	HBNK.TO vs HFIN.TO
VXM.TO	CI Morningstar International Value CAD Hedged	Foreign Small & Mid Cap Equities	91	15.25%	1.12B	Nov 2014	HBNK.TO vs VXM.TO
CNCC.TO	Global X Canadian S&P/TSX 60 Covered Call ETF	Derivative Income, Options Trading, Canada Equities, Actively Managed	93	11.42%	190.06M	Mar 2011	HBNK.TO vs CNCC.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	23.57%	405.23M	May 2011	HBNK.TO vs BKCC.TO
GLDX.TO	Global X Gold Producers Index ETF	Gold, Precious Metals	40	-13.39%	—	Nov 2024	HBNK.TO vs GLDX.TO
CPCC.TO	Global X Copper Producer Equity Covered Call ETF	Copper, Derivative Income	—	9.15%	—	Dec 2025	HBNK.TO vs CPCC.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	58	7.74%	6.27B	Oct 2011	HBNK.TO vs ZLB.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	Nasdaq-100, Leveraged Equities	32	19.72%	—	Jun 2025	HBNK.TO vs TQQQ.TO
HLIT.TO	Global X Lithium Producers Index ETF	Lithium & Battery Metals	53	-5.18%	—	Jun 2021	HBNK.TO vs HLIT.TO
HCON.TO	Global X Conservative Asset Allocation ETF	Global Allocation	61	4.28%	37.72M	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