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%	1.44B	Apr 2023	HBNK.TO vs HEB.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%	132.91M	Sep 2013	HBNK.TO vs HXF.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.20B	Oct 2009	HBNK.TO vs ZEB.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	0.32%	508.88M	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
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	1.09B	Oct 2020	HBNK.TO vs HCAL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.20B	Oct 2009	HBNK.TO vs ZEB.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	98	1.44B	Apr 2023	HBNK.TO vs HEB.TO

Top Performing HBNK.TO Alternatives (YTD)

HBNK.TO is at 33.80% YTD. There are 6 ETFs in the Financials Equities category with higher YTD returns, going as high as 49.68%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	49.68%	86.75M	Jun 2007	HBNK.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	45.98%	—	Feb 2022	HBNK.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	42.24%	1.09B	Oct 2020	HBNK.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	41.88%	—	Jul 2023	HBNK.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	34.39%	508.88M	Oct 2017	HBNK.TO vs RBNK.TO

Lowest Volatility Alternatives to HBNK.TO

HBNK.TO has 13.35% 1-year volatility. There are 9 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.15%	1.44B	Apr 2010	HBNK.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.85%	358.67M	Aug 2010	HBNK.TO vs CIC.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	HBNK.TO vs HPYB.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.96%	4.84B	Jan 2011	HBNK.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.01%	435.32M	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%	435.32M	Feb 2008	HBNK.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.44B	Apr 2010	HBNK.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.34B	Mar 2001	HBNK.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.84B	Jan 2011	HBNK.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	132.91M	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	100	1.06%	6.66B	Nov 2021	HBNK.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.10%	2.39B	Apr 2023	HBNK.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	19.66%	370.02M	Oct 2023	HBNK.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	76	13.52%	7.49B	Nov 2010	HBNK.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	92	13.38%	5.40B	Sep 2010	HBNK.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	89	56.31%	391.52M	Jun 2021	HBNK.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	64	0.90%	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	85	14.62%	250.73M	Jul 2023	HBNK.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	15.88%	709.55M	Sep 2011	HBNK.TO vs QQCC.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	28.07%	714.60M	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	86	13.91%	20.34B	Aug 2019	HBNK.TO vs XEQT.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	25.10%	5.78B	Jun 2017	HBNK.TO vs XDIV.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	65	13.11%	147.56M	Jan 2022	HBNK.TO vs EBNK.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.85%	2.53B	Jan 2023	HBNK.TO vs HMAX.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	98	33.45%	337.38M	Jan 2019	HBNK.TO vs HEWB.TO
ENB.TO	Enbridge Inc.		91	21.84%	—	—	HBNK.TO vs ENB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	97	29.97%	198.10M	Jul 2023	HBNK.TO vs BKCL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Canada Equities	98	38.56%	—	Mar 2025	HBNK.TO vs CLSA.TO
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	92	13.48%	23.77B	Sep 1999	HBNK.TO vs XIU.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	27.73%	8.59B	Nov 2012	HBNK.TO vs VDY.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	97	28.48%	490.40M	Jan 2022	HBNK.TO vs HFIN.TO
VXM.TO	CI Morningstar International Value CAD Hedged	International Equity	86	11.00%	1.03B	Nov 2014	HBNK.TO vs VXM.TO
CNCC.TO	Global X Canadian S&P/TSX 60 Covered Call ETF	Options Trading	92	10.95%	182.03M	Mar 2011	HBNK.TO vs CNCC.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	7.77%	6.24B	Oct 2011	HBNK.TO vs ZLB.TO
CPCC.TO	Global X Copper Producer Equity Covered Call ETF	Copper, Derivative Income	—	5.23%	—	Dec 2025	HBNK.TO vs CPCC.TO
GLDX.TO	Global X Gold Producers Index ETF	Gold, Precious Metals	35	-12.76%	—	Nov 2024	HBNK.TO vs GLDX.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	23.91%	400.33M	May 2011	HBNK.TO vs BKCC.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	Nasdaq-100, Leveraged Equities	43	35.21%	—	Jun 2025	HBNK.TO vs TQQQ.TO
HLIT.TO	Global X Lithium Producers Index ETF	Lithium & Battery Metals	54	0.42%	—	Jun 2021	HBNK.TO vs HLIT.TO
HCON.TO	Global X Conservative Asset Allocation ETF	Global Allocation	66	5.31%	36.67M	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