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%	6.15B	Oct 2009	HEB.TO vs ZEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	130.84M	Sep 2013	HEB.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	HEB.TO vs XUSF.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	0.32%	485.97M	Oct 2017	HEB.TO vs RBNK.TO

Best Risk-Adjusted Alternatives to HEB.TO

HEB.TO has a PortfoliosLab risk / return rank of 97. 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	1.06B	Oct 2020	HEB.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	97	—	Jul 2023	HEB.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	97	6.15B	Oct 2009	HEB.TO vs ZEB.TO

Top Performing HEB.TO Alternatives (YTD)

HEB.TO is at 30.59% YTD. There are 7 ETFs in the Financials Equities category with higher YTD returns, going as high as 43.47%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	43.47%	86.85M	Jun 2007	HEB.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	HEB.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	38.28%	1.06B	Oct 2020	HEB.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	37.19%	—	Jul 2023	HEB.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	31.29%	485.97M	Oct 2017	HEB.TO vs RBNK.TO

Lowest Volatility Alternatives to HEB.TO

HEB.TO has 13.30% 1-year volatility. There are 9 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.02%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.02%	1.40B	Apr 2010	HEB.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.40%	348.36M	Aug 2010	HEB.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.51%	4.65B	Jan 2011	HEB.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.79%	419.44M	Feb 2008	HEB.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.20%	2.28B	Mar 2001	HEB.TO vs XFN.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%	419.44M	Feb 2008	HEB.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.40B	Apr 2010	HEB.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.28B	Mar 2001	HEB.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.65B	Jan 2011	HEB.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	130.84M	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 $920M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	98	32.53%	105.70M	Jun 2020	HEB.TO vs HCA.TO
LMAX.TO	Hamilton Healthcare Yield Maximizer ETF	Health & Biotech Equities	27	0.35%	203.50M	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	92	19.66%	—	Jan 2025	HEB.TO vs CWIN.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	51	5.01%	—	Apr 2025	HEB.TO vs MIX.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	14.21%	919.57M	Feb 2022	HEB.TO vs HYLD-U.TO
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities	17	2.64%	134.70M	Jun 2020	HEB.TO vs HBA.TO
FMAX.TO	Hamilton U.S. Financials Yield Maximizer ETF	Financials Equities	15	-0.97%	188.90M	Feb 2024	HEB.TO vs FMAX.TO
HUTS.TO	Hamilton Enhanced Utilities ETF	Utilities Equities	94	19.95%	235.70M	Sep 2022	HEB.TO vs HUTS.TO
UMVP.TO	Hamilton Champions Utilities Index ETF	Utilities Equities	—	—	—	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 14 comparison targets span 5 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	91	16.26%	—	Jan 2025	HEB.TO vs CMVP.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	Financials Equities, Derivative Income	97	26.81%	197.22M	Jul 2023	HEB.TO vs BKCL.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	81	11.29%	30.44B	Feb 2001	HEB.TO vs XIC.TO
ZWK.TO	BMO Covered Call US Banks ETF	Financials Equities	61	14.60%	360.23M	Feb 2019	HEB.TO vs ZWK.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	28.03%	—	Dec 2025	HEB.TO vs SIXY.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	58	11.40%	146.10M	Jan 2022	HEB.TO vs EBNK.TO
HFIN.TO	Hamilton Enhanced Canadian Financials ETF	Financials Equities	95	24.47%	466.70M	Jan 2022	HEB.TO vs HFIN.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	HEB.TO vs VDY.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	95	17.83%	2.47B	Jan 2023	HEB.TO vs HMAX.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	97	27.46%	1.16B	Feb 2022	HEB.TO vs BANK.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	23.82%	4.13B	Apr 2011	HEB.TO vs XEI.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	96	21.49%	395.62M	May 2011	HEB.TO vs BKCC.TO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	97	30.39%	326.90M	Jan 2019	HEB.TO vs HEWB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	81	11.25%	16.91B	May 2009	HEB.TO vs ZCN.TO

Compare HEB.TO with Any Fund or Stock

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

Symbol name

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