ETHI.TO vs. HBNK.TO
ETHI.TO (Global X Global Sustainability Leaders Index ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - ETHI.TO is a Global Equities fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. ETHI.TO is actively managed, while HBNK.TO is passively managed. Over the past 3 years, ETHI.TO returned 13.04%/yr vs 37.95%/yr for HBNK.TO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
ETHI.TO vs. HBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHI.TO achieves a 8.35% return, which is significantly lower than HBNK.TO's 36.76% return.
ETHI.TO
- 1D
- 0.11%
- 1M
- 2.07%
- 6M
- 8.18%
- YTD
- 8.35%
- 1Y
- 14.76%
- 3Y*
- 13.04%
- 5Y*
- 6.68%
- 10Y*
- —
HBNK.TO
- 1D
- 1.46%
- 1M
- 9.13%
- 6M
- 35.31%
- YTD
- 36.76%
- 1Y
- 75.14%
- 3Y*
- 37.95%
- 5Y*
- —
- 10Y*
- —
ETHI.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETHI.TO Global X Global Sustainability Leaders Index ETF | 8.35% | 8.90% | 15.46% | 7.96% |
HBNK.TO Global X Equal Weight Banks Index ETF | 36.76% | 43.71% | 24.77% | 9.82% |
Correlation
The correlation between ETHI.TO and HBNK.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.51 |
The correlation between ETHI.TO and HBNK.TO has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
ETHI.TO vs. HBNK.TO — Risk / Return Rank
ETHI.TO
HBNK.TO
ETHI.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Global Sustainability Leaders Index ETF (ETHI.TO) and Global X Equal Weight Banks Index ETF (HBNK.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.
| ETHI.TO | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.59 | ||
| Sortino ratioReturn per unit of downside risk | -5.78 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.00 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 8.91 | -7.63 |
| Martin ratioReturn relative to average drawdown | 4.64 | 38.63 | -34.00 |
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Drawdowns
ETHI.TO vs. HBNK.TO - Drawdown Comparison
The maximum ETHI.TO drawdown since its inception was -32.78%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for ETHI.TO and HBNK.TO.
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Drawdown Indicators
| ETHI.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -14.78% | -18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -8.48% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | -14.78% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | 0.00% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -2.24% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 1.95% | +1.24% |
Volatility
ETHI.TO vs. HBNK.TO - Volatility Comparison
The current volatility for Global X Global Sustainability Leaders Index ETF (ETHI.TO) is 3.72%, while Global X Equal Weight Banks Index ETF (HBNK.TO) has a volatility of 4.00%. This indicates that ETHI.TO experiences smaller price fluctuations and is considered to be less risky than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHI.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 4.00% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 11.63% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 13.39% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 12.77% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 12.77% | +7.19% |
Dividends
ETHI.TO vs. HBNK.TO - Dividend Comparison
ETHI.TO's dividend yield for the trailing twelve months is around 0.80%, less than HBNK.TO's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ETHI.TO Global X Global Sustainability Leaders Index ETF | 0.80% | 0.99% | 0.82% | 1.06% | 1.09% | 1.22% | 0.84% | 0.64% |
HBNK.TO Global X Equal Weight Banks Index ETF | 2.47% | 3.24% | 4.15% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHI.TO and HBNK.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHI.TO is categorized as Global Equities, while HBNK.TO is Financials Equities.
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