HBNK.TO vs. DLR.TO
HBNK.TO (Global X Equal Weight Banks Index ETF) and DLR.TO (Global X U.S. Dollar Currency ETF) are both exchange-traded funds - HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index, while DLR.TO is a Currency fund actively managed by Global X. HBNK.TO is passively managed, while DLR.TO is actively managed. Over the past 3 years, HBNK.TO returned 36.94%/yr vs 5.96%/yr for DLR.TO. At a correlation of -0.25, they often move in opposite directions.
Performance
HBNK.TO vs. DLR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBNK.TO achieves a 33.80% return, which is significantly higher than DLR.TO's 4.60% return.
HBNK.TO
- 1D
- -0.18%
- 1M
- 6.71%
- 6M
- 31.93%
- YTD
- 33.80%
- 1Y
- 70.76%
- 3Y*
- 36.94%
- 5Y*
- —
- 10Y*
- —
DLR.TO
- 1D
- 0.07%
- 1M
- 1.45%
- 6M
- 3.41%
- YTD
- 4.60%
- 1Y
- 6.59%
- 3Y*
- 5.96%
- 5Y*
- 5.33%
- 10Y*
- 2.47%
HBNK.TO vs. DLR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 33.80% | 43.71% | 24.77% | 9.82% |
DLR.TO Global X U.S. Dollar Currency ETF | 4.60% | -1.34% | 12.85% | 1.20% |
Correlation
The correlation between HBNK.TO and DLR.TO is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | -0.25 |
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Return for Risk
HBNK.TO vs. DLR.TO — Risk / Return Rank
HBNK.TO
DLR.TO
HBNK.TO vs. DLR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Banks Index ETF (HBNK.TO) and Global X U.S. Dollar Currency ETF (DLR.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.
| HBNK.TO | DLR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.77 | ||
| Sortino ratioReturn per unit of downside risk | +4.82 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.29 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 8.39 | 1.68 | +6.71 |
| Martin ratioReturn relative to average drawdown | 36.37 | 4.44 | +31.94 |
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Drawdowns
HBNK.TO vs. DLR.TO - Drawdown Comparison
The maximum HBNK.TO drawdown since its inception was -14.78%, smaller than the maximum DLR.TO drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for HBNK.TO and DLR.TO.
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Drawdown Indicators
| HBNK.TO | DLR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -17.60% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -3.94% | -4.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -5.77% | -9.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.37% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -6.41% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.49% | +0.46% |
Volatility
HBNK.TO vs. DLR.TO - Volatility Comparison
Global X Equal Weight Banks Index ETF (HBNK.TO) has a higher volatility of 3.94% compared to Global X U.S. Dollar Currency ETF (DLR.TO) at 1.05%. This indicates that HBNK.TO's price experiences larger fluctuations and is considered to be riskier than DLR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBNK.TO | DLR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 1.05% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 3.11% | +8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 4.24% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 6.22% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 6.57% | +6.19% |
Dividends
HBNK.TO vs. DLR.TO - Dividend Comparison
HBNK.TO's dividend yield for the trailing twelve months is around 2.53%, less than DLR.TO's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DLR.TO Global X U.S. Dollar Currency ETF | 3.88% | 3.33% | 3.23% | 4.98% | 0.00% | 0.00% | 0.00% | 0.57% |
HBNK.TO Global X Equal Weight Banks Index ETF | 2.53% | 3.24% | 4.15% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HBNK.TO and DLR.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBNK.TO is categorized as Financials Equities, while DLR.TO is Currency.
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