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%	7.20B	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%	132.91M	Sep 2013	HEB.TO vs HXF.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	0.32%	508.88M	Oct 2017	HEB.TO vs RBNK.TO

Best Risk-Adjusted Alternatives to HEB.TO

HEB.TO has a PortfoliosLab risk / return rank of 98. There are 5 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	HEB.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	HEB.TO vs BNKL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.09B	Oct 2020	HEB.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	98	—	Jul 2023	HEB.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.20B	Oct 2009	HEB.TO vs ZEB.TO

Top Performing HEB.TO Alternatives (YTD)

HEB.TO is at 33.24% YTD. There are 7 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	HEB.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	45.98%	—	Feb 2022	HEB.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	42.24%	1.09B	Oct 2020	HEB.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	41.88%	—	Jul 2023	HEB.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	34.39%	508.88M	Oct 2017	HEB.TO vs RBNK.TO

Lowest Volatility Alternatives to HEB.TO

HEB.TO has 13.78% 1-year volatility. There are 10 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	HEB.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.85%	358.67M	Aug 2010	HEB.TO vs CIC.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	HEB.TO vs HPYB.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.96%	4.84B	Jan 2011	HEB.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.01%	435.32M	Feb 2008	HEB.TO vs CEW.TO

Lowest Drawdown Alternatives to HEB.TO

HEB.TO has a 1-year max drawdown of -8.86%. There are 8 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	HEB.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.44B	Apr 2010	HEB.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.34B	Mar 2001	HEB.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.84B	Jan 2011	HEB.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	132.91M	Sep 2013	HEB.TO vs HXF.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 $932M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	36.06%	107.00M	Jun 2020	HEB.TO vs HCA.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	36	4.45%	219.20M	Feb 2024	HEB.TO vs LMAX.TO
QMVP.TO	Hamilton Champions U.S. Technology Index ETF	Technology Equities	—	—	349.70M	Jan 2026	HEB.TO vs QMVP.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	95	21.63%	—	Jan 2025	HEB.TO vs CWIN.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	51	4.80%	—	Apr 2025	HEB.TO vs MIX.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	79	16.37%	931.81M	Feb 2022	HEB.TO vs HYLD-U.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	21	5.15%	135.50M	Jun 2020	HEB.TO vs HBA.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	18	2.02%	193.20M	Feb 2024	HEB.TO vs FMAX.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	Utilities Equities	92	16.89%	235.60M	Sep 2022	HEB.TO vs HUTS.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities	—	—	300.40M	Jan 2026	HEB.TO vs UMVP.TO

Often Compared With HEB.TO

Investors most often compare HEB.TO with CMVP.TO, BKCL.TO, XIC.TO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	94	17.93%	—	Jan 2025	HEB.TO vs CMVP.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	97	29.97%	198.10M	Jul 2023	HEB.TO vs BKCL.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.55%	31.16B	Feb 2001	HEB.TO vs XIC.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.85%	2.53B	Jan 2023	HEB.TO vs HMAX.TO
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	60	16.62%	359.99M	Feb 2019	HEB.TO vs ZWK.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	32.04%	—	Dec 2025	HEB.TO vs SIXY.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	27.73%	8.59B	Nov 2012	HEB.TO vs VDY.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	65	13.11%	147.56M	Jan 2022	HEB.TO vs EBNK.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	97	28.48%	490.40M	Jan 2022	HEB.TO vs HFIN.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	26.42%	4.25B	Apr 2011	HEB.TO vs XEI.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	98	30.92%	1.26B	Feb 2022	HEB.TO vs BANK.TO
ZUB.TO	BMO Equal Weight US Banks Hedged to CAD Index ETF	Financials Equities, Equal Weight	36	11.96%	313.82M	May 2010	HEB.TO vs ZUB.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	23.91%	400.33M	May 2011	HEB.TO vs BKCC.TO
FSF.TO	CI Global Financial Sector ETF	Financials Equities	33	6.37%	305.28M	Nov 2014	HEB.TO vs FSF.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.24%	1.74B	Jul 2021	HEB.TO vs HDIV.TO
ZBK.TO	BMO Equal Weight US Banks Index ETF	Financials Equities, Equal Weight	49	16.91%	791.97M	Feb 2014	HEB.TO vs ZBK.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.42%	17.34B	May 2009	HEB.TO vs ZCN.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	98	33.45%	337.38M	Jan 2019	HEB.TO vs HEWB.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.73%	24.35B	Nov 2012	HEB.TO vs ZSP.TO
LQDW	iShares Investment Grade Corporate Bond Buywrite S...	Corporate Bonds	47	0.79%	265.17M	Aug 2022	HEB.TO vs LQDW

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