HBNK.TO vs. HCON.TO
HBNK.TO (Global X Equal Weight Banks Index ETF) and HCON.TO (Global X Conservative Asset Allocation ETF) are both exchange-traded funds - HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index, while HCON.TO is a Global Allocation fund actively managed by Global X. HBNK.TO is passively managed, while HCON.TO is actively managed. Over the past year, HBNK.TO returned 74.03% vs 13.79% for HCON.TO. At a 0.33 correlation, their price movements are largely independent. HBNK.TO charges 0.09%/yr vs 0.22%/yr for HCON.TO.
Performance
HBNK.TO vs. HCON.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBNK.TO achieves a 30.68% return, which is significantly higher than HCON.TO's 5.55% return.
HBNK.TO
- 1D
- 0.50%
- 1M
- 8.28%
- YTD
- 30.68%
- 6M
- 30.46%
- 1Y
- 74.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HCON.TO
- 1D
- -0.39%
- 1M
- 2.01%
- YTD
- 5.55%
- 6M
- 6.08%
- 1Y
- 13.79%
- 3Y*
- 11.00%
- 5Y*
- 4.95%
- 10Y*
- —
HBNK.TO vs. HCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 30.68% | 43.71% | 24.77% | 9.82% |
HCON.TO Global X Conservative Asset Allocation ETF | 5.55% | 10.11% | 12.67% | 4.63% |
Correlation
The correlation between HBNK.TO and HCON.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.33 |
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
HBNK.TO vs. HCON.TO — Risk / Return Rank
HBNK.TO
HCON.TO
HBNK.TO vs. HCON.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 Conservative Asset Allocation ETF (HCON.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 | HCON.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.76 | ||
| Sortino ratioReturn per unit of downside risk | +4.80 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 1.41 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 8.78 | 2.94 | +5.84 |
| Martin ratioReturn relative to average drawdown | 38.18 | 11.17 | +27.01 |
Loading charts...
Drawdowns
HBNK.TO vs. HCON.TO - Drawdown Comparison
The maximum HBNK.TO drawdown since its inception was -14.78%, smaller than the maximum HCON.TO drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for HBNK.TO and HCON.TO.
Loading charts...
Drawdown Indicators
| HBNK.TO | HCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -22.98% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -4.71% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -4.29% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.24% | +0.71% |
Volatility
HBNK.TO vs. HCON.TO - Volatility Comparison
Global X Equal Weight Banks Index ETF (HBNK.TO) has a higher volatility of 4.34% compared to Global X Conservative Asset Allocation ETF (HCON.TO) at 2.42%. This indicates that HBNK.TO's price experiences larger fluctuations and is considered to be riskier than HCON.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HBNK.TO | HCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 2.42% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 5.72% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 6.97% | +5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 8.84% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 11.64% | +1.07% |
HBNK.TO vs. HCON.TO - Expense Ratio Comparison
HBNK.TO has a 0.09% expense ratio, which is lower than HCON.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HBNK.TO vs. HCON.TO - Dividend Comparison
HBNK.TO's dividend yield for the trailing twelve months is around 2.57%, less than HCON.TO's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 2.57% | 3.24% | 4.15% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% |
HCON.TO Global X Conservative Asset Allocation ETF | 2.72% | 2.83% | 2.60% | 1.19% | 0.02% | 0.09% | 0.78% | 0.03% |
Frequently Asked Questions
HBNK.TO and HCON.TO have a correlation of 0.31, 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 0.22% for HCON.TO.
HBNK.TO is categorized as Financials Equities, while HCON.TO is Global Allocation. Their fees differ too: 0.09% for HBNK.TO and 0.22% for HCON.TO.
Find the right allocation for HBNK.TO and HCON.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