HFG.TO vs. RBNK.TO
HFG.TO (Hamilton Global Financials ETF) and RBNK.TO (RBC Canadian Bank Yield Index ETF) are both Financials Equities funds. HFG.TO is actively managed, while RBNK.TO is passively managed. Over the past 5 years, HFG.TO returned 15.43%/yr vs 21.30%/yr for RBNK.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
HFG.TO vs. RBNK.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 RBNK.TO's 37.31% 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*
- —
RBNK.TO
- 1D
- 1.48%
- 1M
- 8.67%
- 6M
- 35.30%
- YTD
- 37.31%
- 1Y
- 75.38%
- 3Y*
- 38.06%
- 5Y*
- 21.30%
- 10Y*
- —
HFG.TO vs. RBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFG.TO Hamilton Global Financials ETF | 7.76% | 22.93% | 30.80% | 18.51% | -9.52% | 30.39% | 15.62% | 16.95% | -14.80% | -0.60% |
RBNK.TO RBC Canadian Bank Yield Index ETF | 37.31% | 44.94% | 23.12% | 11.05% | -13.12% | 40.33% | 3.38% | 16.86% | -9.12% | 3.92% |
Correlation
The correlation between HFG.TO and RBNK.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.53 |
The correlation between HFG.TO and RBNK.TO has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
HFG.TO vs. RBNK.TO — Risk / Return Rank
HFG.TO
RBNK.TO
HFG.TO vs. RBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Global Financials ETF (HFG.TO) and RBC Canadian Bank Yield Index ETF (RBNK.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 | RBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.98 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.96 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 8.34 | -6.77 |
| Martin ratioReturn relative to average drawdown | 4.96 | 35.84 | -30.89 |
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Drawdowns
HFG.TO vs. RBNK.TO - Drawdown Comparison
The maximum HFG.TO drawdown since its inception was -42.71%, which is greater than RBNK.TO's maximum drawdown of -39.23%. Use the drawdown chart below to compare losses from any high point for HFG.TO and RBNK.TO.
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Drawdown Indicators
| HFG.TO | RBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -39.23% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -9.08% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | -14.86% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -28.60% | +8.40% |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -7.46% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.11% | +1.35% |
Volatility
HFG.TO vs. RBNK.TO - Volatility Comparison
The current volatility for Hamilton Global Financials ETF (HFG.TO) is 3.60%, while RBC Canadian Bank Yield Index ETF (RBNK.TO) has a volatility of 4.07%. This indicates that HFG.TO experiences smaller price fluctuations and is considered to be less risky than RBNK.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 | RBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.07% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 12.01% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 13.99% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 14.00% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 18.21% | +2.05% |
Dividends
HFG.TO vs. RBNK.TO - Dividend Comparison
HFG.TO's dividend yield for the trailing twelve months is around 2.40%, less than RBNK.TO's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HFG.TO Hamilton Global Financials ETF | 2.40% | 2.55% | 3.05% | 3.86% | 10.09% | 4.16% | 1.85% | 0.00% | 0.00% | 0.00% |
RBNK.TO RBC Canadian Bank Yield Index ETF | 2.62% | 3.39% | 4.50% | 4.81% | 4.52% | 3.09% | 4.21% | 3.89% | 4.09% | 0.56% |
Frequently Asked Questions
HFG.TO and RBNK.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.
They also come from different issuers: Hamilton and RBC.
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