HBNK.TO vs. HXQ.TO

Last updated Aug 1, 2026

HBNK.TO (Global X Equal Weight Banks Index ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, HBNK.TO returned 35.68%/yr vs 24.20%/yr for HXQ.TO. Their 0.37 correlation means their historical movements had little consistent relationship. HBNK.TO charges 0.09%/yr vs 0.25%/yr for HXQ.TO.

Performance

HBNK.TO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Banks Index ETF (HBNK.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBNK.TO achieves a 32.74% return, which is significantly higher than HXQ.TO's 14.56% 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%

HXQ.TO

• 1D: 0.69%
• 1M: -5.98%
• 6M: 14.12%
• YTD: 14.56%
• 1Y: 26.47%
• 3Y*: 24.20%
• 5Y*: 16.73%
• 10Y*: 21.14%
• ALL TIME*: 21.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HBNK.TO Global X Equal Weight Banks Index ETF	CA$1.35M	CA$1.34M	CA$1.39M
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	CA$2.97M	CA$3.02M	CA$3.91M

HBNK.TO vs. HXQ.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%
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	14.56%	15.05%	35.98%	10.81%

Correlation

The correlation between HBNK.TO and HXQ.TO is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023	0.37

Return for Risk

HBNK.TO vs. HXQ.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HBNK.TO

HBNK.TO Risk / Return Rank: 98
HBNK.TO Sharpe Ratio Rank: 99
HBNK.TO Sortino Ratio Rank: 98
HBNK.TO Omega Ratio Rank: 98
HBNK.TO Calmar Ratio Rank: 97
HBNK.TO Martin Ratio Rank: 97

HXQ.TO

HXQ.TO Risk / Return Rank: 51
HXQ.TO Sharpe Ratio Rank: 52
HXQ.TO Sortino Ratio Rank: 50
HXQ.TO Omega Ratio Rank: 50
HXQ.TO Calmar Ratio Rank: 53
HXQ.TO Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HBNK.TO vs. HXQ.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 Nasdaq-100 Index Corporate Class ETF (HXQ.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	HXQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.85	1.25	+3.61
Sortino ratio: Return per unit of downside risk	6.10	1.75	+4.35
Omega ratio: Gain probability vs. loss probability	1.85	1.23	+0.62
Calmar ratio: Return relative to maximum drawdown	8.13	1.90	+6.22
Martin ratio: Return relative to average drawdown	33.78	5.49	+28.29

HBNK.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current HBNK.TO Sharpe Ratio is 4.85, which is higher than the HXQ.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of HBNK.TO and HXQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HBNK.TO vs. HXQ.TO - Drawdown Comparison

The maximum HBNK.TO drawdown since its inception was -14.78%, smaller than the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for HBNK.TO and HXQ.TO.

Drawdown Indicators

	HBNK.TO	HXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-31.60%	+16.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-12.43%	+3.95%
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	-22.58%	+9.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.60%	—
Current Drawdown Current decline from peak	-2.94%	-7.80%	+4.86%
Average Drawdown Average peak-to-trough decline	-2.25%	-5.72%	+3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	4.30%	-2.27%

Volatility

HBNK.TO vs. HXQ.TO - Volatility Comparison

The current volatility for Global X Equal Weight Banks Index ETF (HBNK.TO) is 6.04%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 6.71%. This indicates that HBNK.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HBNK.TO	HXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	6.71%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	15.67%	-3.29%
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	18.98%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	21.29%	-8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.98%	21.07%	-8.09%

HBNK.TO vs. HXQ.TO - Expense Ratio Comparison

HBNK.TO has a 0.09% expense ratio, which is lower than HXQ.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%.

Dividends

HBNK.TO vs. HXQ.TO - Dividend Comparison

HBNK.TO's dividend yield for the trailing twelve months is around 2.34%, while HXQ.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
HBNK.TO Global X Equal Weight Banks Index ETF	2.34%	3.24%	4.15%	2.45%
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HBNK.TO and HXQ.TO in my portfolio?

HBNK.TO and HXQ.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HBNK.TO or HXQ.TO?

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.

Which ETF is cheaper, HBNK.TO or HXQ.TO?

HBNK.TO is cheaper with a 0.09% expense ratio, compared with 0.25% for HXQ.TO.

What is the main difference between HBNK.TO and HXQ.TO?

HBNK.TO is categorized as Financials Equities, while HXQ.TO is Nasdaq-100. HBNK.TO tracks Solactive Equal Weight Canada Banks Index, while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 0.09% for HBNK.TO and 0.25% for HXQ.TO.