HND.TO vs. HBNK.TO
HND.TO (BetaPro Natural Gas Inverse Leveraged Daily Bear ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - HND.TO is a Inverse Commodities fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. HND.TO is actively managed, while HBNK.TO is passively managed. Over the past year, HND.TO returned -44.03% vs 70.95% for HBNK.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
HND.TO vs. HBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HND.TO achieves a -46.11% return, which is significantly lower than HBNK.TO's 31.79% return.
HND.TO
- 1D
- -5.19%
- 1M
- 1.10%
- YTD
- -46.11%
- 6M
- -39.16%
- 1Y
- -44.03%
- 3Y*
- -31.99%
- 5Y*
- -49.43%
- 10Y*
- -35.47%
HBNK.TO
- 1D
- 0.49%
- 1M
- 10.91%
- YTD
- 31.79%
- 6M
- 31.23%
- 1Y
- 70.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HND.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HND.TO BetaPro Natural Gas Inverse Leveraged Daily Bear ETF | -46.11% | -35.25% | -44.51% | 46.68% |
HBNK.TO Global X Equal Weight Banks Index ETF | 31.79% | 43.71% | 24.77% | 9.82% |
Correlation
The correlation between HND.TO and HBNK.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.07 |
The correlation between HND.TO and HBNK.TO shifts across timeframes, from 0.07 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HND.TO vs. HBNK.TO — Risk / Return Rank
HND.TO
HBNK.TO
HND.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Natural Gas Inverse Leveraged Daily Bear ETF (HND.TO) and Global X Equal Weight Banks Index ETF (HBNK.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.
| HND.TO | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.90 | ||
| Sortino ratioReturn per unit of downside risk | -7.33 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 2.00 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 8.41 | -9.00 |
| Martin ratioReturn relative to average drawdown | -0.99 | 36.58 | -37.57 |
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Drawdowns
HND.TO vs. HBNK.TO - Drawdown Comparison
The maximum HND.TO drawdown since its inception was -99.90%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for HND.TO and HBNK.TO.
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Drawdown Indicators
| HND.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -14.78% | -85.12% |
Max Drawdown (1Y)Largest decline over 1 year | -75.25% | -8.48% | -66.77% |
Max Drawdown (3Y)Largest decline over 3 years | -91.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.57% | — | — |
Current DrawdownCurrent decline from peak | -99.84% | 0.00% | -99.84% |
Average DrawdownAverage peak-to-trough decline | -76.27% | -2.27% | -74.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.46% | 1.95% | +42.51% |
Volatility
HND.TO vs. HBNK.TO - Volatility Comparison
BetaPro Natural Gas Inverse Leveraged Daily Bear ETF (HND.TO) has a higher volatility of 20.08% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 3.52%. This indicates that HND.TO's price experiences larger fluctuations and is considered to be riskier than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HND.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.08% | 3.52% | +16.56% |
Volatility (6M)Calculated over the trailing 6-month period | 90.29% | 11.29% | +79.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 114.14% | 12.96% | +101.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.19% | 12.69% | +111.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.23% | 12.69% | +93.54% |
Dividends
HND.TO vs. HBNK.TO - Dividend Comparison
HND.TO has not paid dividends to shareholders, while HBNK.TO's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 2.35% | 3.24% | 4.15% | 2.45% |
HND.TO BetaPro Natural Gas Inverse Leveraged Daily Bear ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HND.TO and HBNK.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HND.TO is categorized as Inverse Commodities, while HBNK.TO is Financials Equities.
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