HBNK.TO vs. HXF.TO
Compare and contrast key facts about Global X Equal Weight Banks Index ETF (HBNK.TO) and Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO).
HBNK.TO and HXF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBNK.TO is a passively managed fund by Global X that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Jul 5, 2023. HXF.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX Capped Financials Index (Total Return). It was launched on Sep 16, 2013. Both HBNK.TO and HXF.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HBNK.TO vs. HXF.TO - Performance Comparison
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HBNK.TO vs. HXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 3.35% | 43.71% | 24.77% | 8.99% |
HXF.TO Global X S&P/TSX Capped Financials Index Corporate Class ETF | -1.45% | 35.34% | 30.20% | 10.85% |
Returns By Period
In the year-to-date period, HBNK.TO achieves a 3.35% return, which is significantly higher than HXF.TO's -1.45% return.
HBNK.TO
- 1D
- 1.37%
- 1M
- -3.17%
- YTD
- 3.35%
- 6M
- 15.73%
- 1Y
- 54.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HXF.TO
- 1D
- 3.68%
- 1M
- -1.96%
- YTD
- -1.45%
- 6M
- 9.07%
- 1Y
- 36.39%
- 3Y*
- 24.60%
- 5Y*
- 16.15%
- 10Y*
- 13.81%
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HBNK.TO vs. HXF.TO - Expense Ratio Comparison
HBNK.TO has a 0.09% expense ratio, which is lower than HXF.TO's 0.25% 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%.
Return for Risk
HBNK.TO vs. HXF.TO — Risk / Return Rank
HBNK.TO
HXF.TO
HBNK.TO vs. HXF.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 S&P/TSX Capped Financials Index Corporate Class ETF (HXF.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.
| HBNK.TO | HXF.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.03 | 2.44 | +1.59 |
Sortino ratioReturn per unit of downside risk | 5.12 | 3.28 | +1.84 |
Omega ratioGain probability vs. loss probability | 1.79 | 1.53 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 6.44 | 3.59 | +2.85 |
Martin ratioReturn relative to average drawdown | 25.18 | 14.97 | +10.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HBNK.TO | HXF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.03 | 2.44 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.36 | 0.76 | +1.60 |
Correlation
The correlation between HBNK.TO and HXF.TO is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HBNK.TO vs. HXF.TO - Dividend Comparison
HBNK.TO's dividend yield for the trailing twelve months is around 3.19%, while HXF.TO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 3.19% | 3.24% | 4.15% | 2.45% |
HXF.TO Global X S&P/TSX Capped Financials Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HBNK.TO vs. HXF.TO - Drawdown Comparison
The maximum HBNK.TO drawdown since its inception was -14.78%, smaller than the maximum HXF.TO drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for HBNK.TO and HXF.TO.
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Drawdown Indicators
| HBNK.TO | HXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -39.77% | +24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -10.13% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.77% | — |
Current DrawdownCurrent decline from peak | -4.49% | -3.93% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -5.14% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.43% | -0.26% |
Volatility
HBNK.TO vs. HXF.TO - Volatility Comparison
The current volatility for Global X Equal Weight Banks Index ETF (HBNK.TO) is 5.96%, while Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO) has a volatility of 6.92%. This indicates that HBNK.TO experiences smaller price fluctuations and is considered to be less risky than HXF.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 | HXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 6.92% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 10.22% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 14.98% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 14.26% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.47% | 16.90% | -4.43% |