HFG.TO vs. BNKL.TO
HFG.TO (Hamilton Global Financials ETF) and BNKL.TO (Global X Enhanced Equal Weight Banks Index ETF) are both Financials Equities funds. HFG.TO is actively managed, while BNKL.TO is passively managed. Over the past 3 years, HFG.TO returned 25.28%/yr vs 46.65%/yr for BNKL.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
HFG.TO vs. BNKL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HFG.TO achieves a 7.76% return, which is significantly lower than BNKL.TO's 45.84% return.
HFG.TO
- 1D
- 0.32%
- 1M
- 6.00%
- 6M
- 7.83%
- YTD
- 7.76%
- 1Y
- 17.10%
- 3Y*
- 25.28%
- 5Y*
- 15.43%
- 10Y*
- —
BNKL.TO
- 1D
- 2.72%
- 1M
- 11.25%
- 6M
- 44.80%
- YTD
- 45.84%
- 1Y
- 98.77%
- 3Y*
- 46.65%
- 5Y*
- —
- 10Y*
- —
HFG.TO vs. BNKL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HFG.TO Hamilton Global Financials ETF | 7.76% | 22.93% | 30.80% | 13.48% |
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 45.84% | 55.98% | 29.92% | 7.40% |
Correlation
The correlation between HFG.TO and BNKL.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.39 |
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Return for Risk
HFG.TO vs. BNKL.TO — Risk / Return Rank
HFG.TO
BNKL.TO
HFG.TO vs. BNKL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Global Financials ETF (HFG.TO) and Global X Enhanced Equal Weight Banks Index ETF (BNKL.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.
| HFG.TO | BNKL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.88 | ||
| Sortino ratioReturn per unit of downside risk | -5.86 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.07 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 9.21 | -7.64 |
| Martin ratioReturn relative to average drawdown | 4.96 | 39.88 | -34.92 |
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Drawdowns
HFG.TO vs. BNKL.TO - Drawdown Comparison
The maximum HFG.TO drawdown since its inception was -42.71%, which is greater than BNKL.TO's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for HFG.TO and BNKL.TO.
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Drawdown Indicators
| HFG.TO | BNKL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -18.58% | -24.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -10.79% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | -18.58% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -2.96% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.49% | +0.97% |
Volatility
HFG.TO vs. BNKL.TO - Volatility Comparison
The current volatility for Hamilton Global Financials ETF (HFG.TO) is 3.60%, while Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) has a volatility of 5.21%. This indicates that HFG.TO experiences smaller price fluctuations and is considered to be less risky than BNKL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFG.TO | BNKL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 5.21% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 13.69% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 16.06% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 15.86% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 15.86% | +4.40% |
Dividends
HFG.TO vs. BNKL.TO - Dividend Comparison
HFG.TO's dividend yield for the trailing twelve months is around 2.40%, less than BNKL.TO's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 2.51% | 3.40% | 4.39% | 2.79% | 0.00% | 0.00% | 0.00% |
HFG.TO Hamilton Global Financials ETF | 2.40% | 2.55% | 3.05% | 3.86% | 10.09% | 4.16% | 1.85% |
Frequently Asked Questions
HFG.TO and BNKL.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton and Global X.
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