HEB.TO Alternatives & Similar ETFs

Hamilton Canadian Bank Equal-Weight Index ETF (HEB.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 HEB.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HEB.TO

HEB.TO charges 0.19% annually. There is 1 ETF in the Financials Equities category with a lower expense ratio, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	HEB.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	5.16B	Oct 2009	HEB.TO vs ZEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	HEB.TO vs XUSF.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	121.72M	Sep 2013	HEB.TO vs HXF.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	0.32%	454.41M	Oct 2017	HEB.TO vs RBNK.TO

Best Risk-Adjusted Alternatives to HEB.TO

HEB.TO has a PortfoliosLab risk / return rank of 96. There are 4 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	HEB.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	96	—	Jul 2023	HEB.TO vs BNKL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	96	5.16B	Oct 2009	HEB.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	96	—	Jul 2023	HEB.TO vs HBNK.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	96	454.41M	Oct 2017	HEB.TO vs RBNK.TO

Top Performing HEB.TO Alternatives (YTD)

HEB.TO is at 19.19% YTD. There are 5 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	HEB.TO vs CBNK.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	HEB.TO vs CFOU.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	20.92%	—	Jul 2023	HEB.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	19.94%	454.41M	Oct 2017	HEB.TO vs RBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	19.22%	5.16B	Oct 2009	HEB.TO vs ZEB.TO

Lowest Volatility Alternatives to HEB.TO

HEB.TO has 13.03% 1-year volatility. There are 8 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	HEB.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.31%	4.34B	Jan 2024	HEB.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.61%	381.54M	Feb 2008	HEB.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.07%	2.24B	Mar 2001	HEB.TO vs XFN.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	12.59%	187.53M	Jul 2023	HEB.TO vs BKCL.TO

Lowest Drawdown Alternatives to HEB.TO

HEB.TO has a 1-year max drawdown of -8.86%. 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%	381.54M	Feb 2008	HEB.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.24B	Mar 2001	HEB.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.34B	Jan 2024	HEB.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	121.72M	Sep 2013	HEB.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	423.04M	Aug 2010	HEB.TO vs CIC.TO

Other ETFs from Hamilton

The 10 most viewed Hamilton ETFs shown here include HCA.TO, LMAX.TO, QMVP.TO and span 8 categories. AUM among these funds goes as high as $937M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	96	19.58%	96.00M	Jun 2020	HEB.TO vs HCA.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	17	-4.95%	199.50M	Feb 2024	HEB.TO vs LMAX.TO
QMVP.TO	Hamilton Champions U.S. Technology Index ETF	Technology Equities	—	—	—	Jan 2026	HEB.TO vs QMVP.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	83	15.75%	—	Jan 2025	HEB.TO vs CWIN.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	63	8.17%	—	Apr 2025	HEB.TO vs MIX.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	15.12%	937.07M	Feb 2022	HEB.TO vs HYLD-U.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	15	-0.51%	132.00M	Jun 2020	HEB.TO vs HBA.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	8	-8.06%	172.90M	Feb 2024	HEB.TO vs FMAX.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities	—	—	—	Jan 2026	HEB.TO vs UMVP.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	Utilities Equities	92	18.77%	234.40M	Sep 2022	HEB.TO vs HUTS.TO

Often Compared With HEB.TO

Investors most often compare HEB.TO with HCAL.TO, CMVP.TO, XIC.TO. These 13 comparison targets span 5 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	HEB.TO vs HCAL.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	79	11.91%	—	Jan 2025	HEB.TO vs CMVP.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.75%	29.66B	Feb 2001	HEB.TO vs XIC.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	17.44%	—	Dec 2025	HEB.TO vs SIXY.TO
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	42	3.97%	344.84M	Feb 2019	HEB.TO vs ZWK.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	38	5.02%	140.46M	Jan 2022	HEB.TO vs EBNK.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	90	13.11%	419.30M	Jan 2022	HEB.TO vs HFIN.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	91	11.17%	2.34B	Jan 2023	HEB.TO vs HMAX.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	HEB.TO vs VDY.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	96	17.36%	1.08B	Feb 2022	HEB.TO vs BANK.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	Apr 2011	HEB.TO vs XEI.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	94	14.24%	370.01M	May 2011	HEB.TO vs BKCC.TO
CMAX.TO	Hamilton Canadian Equity YIELD MAXIMIZER ETF	Derivative Income	—	—	—	May 2026	HEB.TO vs CMAX.TO

Compare HEB.TO with Any Fund or Stock

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

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Diversifiers

Pair HEB.TO with funds that move differently

Hamilton Canadian Bank Equal-Weight Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEB.TO.

Explore HEB.TO Diversifiers

Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) Alternatives