BNKL.TO vs. HFG.TO
BNKL.TO (Global X Enhanced Equal Weight Banks Index ETF) and HFG.TO (Hamilton Global Financials ETF) are both Financials Equities funds. BNKL.TO is passively managed, while HFG.TO is actively managed. Over the past 3 years, BNKL.TO returned 43.93%/yr vs 24.55%/yr for HFG.TO. Their 0.39 correlation means their historical movements had little consistent relationship. BNKL.TO charges 1.33%/yr vs 0.90%/yr for HFG.TO.
Performance
BNKL.TO vs. HFG.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNKL.TO achieves a 41.35% return, which is significantly higher than HFG.TO's 10.26% return.
BNKL.TO
- 1D
- 1.37%
- 1M
- 3.03%
- 6M
- 43.17%
- YTD
- 41.35%
- 1Y
- 91.67%
- 3Y*
- 43.93%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 44.60%
HFG.TO
- 1D
- 0.96%
- 1M
- 3.59%
- 6M
- 11.03%
- YTD
- 10.26%
- 1Y
- 20.25%
- 3Y*
- 24.55%
- 5Y*
- 15.66%
- 10Y*
- —
- ALL TIME*
- 12.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$139.79K | CA$99.16K | CA$91.40K | |
| CA$25.22K | CA$19.81K | CA$14.18K |
BNKL.TO vs. HFG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 41.35% | 55.98% | 29.92% | 7.40% |
HFG.TO Hamilton Global Financials ETF | 10.26% | 22.93% | 30.80% | 13.48% |
Correlation
The correlation between BNKL.TO and HFG.TO is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNKL.TO vs. HFG.TO — Risk / Return Rank
BNKL.TO
HFG.TO
BNKL.TO vs. HFG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) and Hamilton Global Financials ETF (HFG.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNKL.TO | HFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.86 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.27 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 8.48 | 1.70 | +6.79 |
| Martin ratioReturn relative to average drawdown | 35.55 | 5.35 | +30.20 |
Loading charts...
Drawdowns
BNKL.TO vs. HFG.TO - Drawdown Comparison
The maximum BNKL.TO drawdown since its inception was -18.58%, smaller than the maximum HFG.TO drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for BNKL.TO and HFG.TO.
Loading charts...
Drawdown Indicators
| BNKL.TO | HFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -42.71% | +24.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -10.95% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -13.64% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.20% | — |
Current DrawdownCurrent decline from peak | -3.08% | 0.00% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -5.36% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 3.47% | -0.90% |
Volatility
BNKL.TO vs. HFG.TO - Volatility Comparison
Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) has a higher volatility of 6.25% compared to Hamilton Global Financials ETF (HFG.TO) at 4.47%. This indicates that BNKL.TO's price experiences larger fluctuations and is considered to be riskier than HFG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNKL.TO | HFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 4.47% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 10.78% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.61% | 13.25% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 16.01% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 20.24% | -4.30% |
BNKL.TO vs. HFG.TO - Expense Ratio Comparison
BNKL.TO has a 1.33% expense ratio, which is higher than HFG.TO's 0.90% expense ratio.
Dividends
BNKL.TO vs. HFG.TO - Dividend Comparison
BNKL.TO's dividend yield for the trailing twelve months is around 2.64%, more than HFG.TO's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 2.64% | 3.40% | 4.39% | 2.79% | 0.00% | 0.00% | 0.00% |
HFG.TO Hamilton Global Financials ETF | 2.15% | 2.55% | 3.05% | 3.86% | 10.09% | 4.16% | 1.85% |
Frequently Asked Questions
BNKL.TO and HFG.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HFG.TO is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HFG.TO is cheaper with a 0.90% expense ratio, compared with 1.33% for BNKL.TO.
They also come from different issuers: Global X and Hamilton. Their fees differ too: 1.33% for BNKL.TO and 0.90% for HFG.TO.
Find the right allocation for BNKL.TO and HFG.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer