HBNK.TO vs. DXF.TO
HBNK.TO (Global X Equal Weight Banks Index ETF) and DXF.TO (Dynamic Active Global Financial Services ETF) are both Financials Equities funds. HBNK.TO is passively managed, while DXF.TO is actively managed. Over the past 3 years, HBNK.TO returned 35.68%/yr vs 21.77%/yr for DXF.TO. Their 0.28 correlation means their historical movements had little consistent relationship. HBNK.TO charges 0.09%/yr vs 0.84%/yr for DXF.TO.
Performance
HBNK.TO vs. DXF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBNK.TO achieves a 32.74% return, which is significantly higher than DXF.TO's 4.08% return.
HBNK.TO
- 1D
- 0.02%
- 1M
- 1.28%
- 6M
- 33.43%
- YTD
- 32.74%
- 1Y
- 68.95%
- 3Y*
- 35.68%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 36.80%
DXF.TO
- 1D
- -1.27%
- 1M
- 2.15%
- 6M
- 5.25%
- YTD
- 4.08%
- 1Y
- 7.22%
- 3Y*
- 21.77%
- 5Y*
- 9.82%
- 10Y*
- —
- ALL TIME*
- 12.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.08K | CA$2.16K | CA$8.42K | |
| CA$1.35M | CA$1.34M | CA$1.39M |
HBNK.TO vs. DXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 32.74% | 43.71% | 24.77% | 9.82% |
DXF.TO Dynamic Active Global Financial Services ETF | 4.08% | 17.12% | 36.17% | 13.73% |
Correlation
The correlation between HBNK.TO and DXF.TO is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.28 |
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Return for Risk
HBNK.TO vs. DXF.TO — Risk / Return Rank
HBNK.TO
DXF.TO
HBNK.TO vs. DXF.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 Dynamic Active Global Financial Services ETF (DXF.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 | DXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.26 | ||
| Sortino ratioReturn per unit of downside risk | +5.15 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.11 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 8.13 | 0.51 | +7.61 |
| Martin ratioReturn relative to average drawdown | 33.78 | 1.28 | +32.50 |
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Drawdowns
HBNK.TO vs. DXF.TO - Drawdown Comparison
The maximum HBNK.TO drawdown since its inception was -14.78%, smaller than the maximum DXF.TO drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for HBNK.TO and DXF.TO.
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Drawdown Indicators
| HBNK.TO | DXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -35.27% | +20.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -14.42% | +5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -13.14% | -14.42% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.06% | — |
Current DrawdownCurrent decline from peak | -2.94% | -1.27% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -7.63% | +5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 5.76% | -3.73% |
Volatility
HBNK.TO vs. DXF.TO - Volatility Comparison
Global X Equal Weight Banks Index ETF (HBNK.TO) has a higher volatility of 6.04% compared to Dynamic Active Global Financial Services ETF (DXF.TO) at 5.41%. This indicates that HBNK.TO's price experiences larger fluctuations and is considered to be riskier than DXF.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 | DXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.41% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 10.13% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 12.43% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 16.75% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 22.32% | -9.34% |
HBNK.TO vs. DXF.TO - Expense Ratio Comparison
HBNK.TO has a 0.09% expense ratio, which is lower than DXF.TO's 0.84% expense ratio.
Dividends
HBNK.TO vs. DXF.TO - Dividend Comparison
HBNK.TO's dividend yield for the trailing twelve months is around 2.34%, more than DXF.TO's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DXF.TO Dynamic Active Global Financial Services ETF | 1.09% | 1.13% | 1.18% | 2.14% | 1.95% | 1.07% | 1.30% | 1.40% | 2.08% |
HBNK.TO Global X Equal Weight Banks Index ETF | 2.34% | 3.24% | 4.15% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HBNK.TO and DXF.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBNK.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBNK.TO is cheaper with a 0.09% expense ratio, compared with 0.84% for DXF.TO.
They also come from different issuers: Global X and Dynamic. Their fees differ too: 0.09% for HBNK.TO and 0.84% for DXF.TO.
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