HUBL.TO vs. HBNK.TO
HUBL.TO (Harvest US Bank Leaders Income ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both Financials Equities funds. HUBL.TO is actively managed, while HBNK.TO is passively managed. Over the past 3 years, HUBL.TO returned 23.98%/yr vs 37.95%/yr for HBNK.TO. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
HUBL.TO vs. HBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUBL.TO achieves a 12.99% return, which is significantly lower than HBNK.TO's 36.76% return.
HUBL.TO
- 1D
- 1.49%
- 1M
- 6.45%
- 6M
- 12.52%
- YTD
- 12.99%
- 1Y
- 27.08%
- 3Y*
- 23.98%
- 5Y*
- 7.61%
- 10Y*
- —
HBNK.TO
- 1D
- 1.46%
- 1M
- 9.13%
- 6M
- 35.31%
- YTD
- 36.76%
- 1Y
- 75.14%
- 3Y*
- 37.95%
- 5Y*
- —
- 10Y*
- —
HUBL.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HUBL.TO Harvest US Bank Leaders Income ETF | 12.99% | 17.04% | 30.19% | 15.00% |
HBNK.TO Global X Equal Weight Banks Index ETF | 36.76% | 43.71% | 24.77% | 9.82% |
Correlation
The correlation between HUBL.TO and HBNK.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.64 |
The correlation between HUBL.TO and HBNK.TO has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.
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Return for Risk
HUBL.TO vs. HBNK.TO — Risk / Return Rank
HUBL.TO
HBNK.TO
HUBL.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest US Bank Leaders Income ETF (HUBL.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.
| HUBL.TO | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.26 | ||
| Sortino ratioReturn per unit of downside risk | -5.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.00 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 8.91 | -7.26 |
| Martin ratioReturn relative to average drawdown | 4.89 | 38.63 | -33.75 |
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Drawdowns
HUBL.TO vs. HBNK.TO - Drawdown Comparison
The maximum HUBL.TO drawdown since its inception was -51.30%, 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 HUBL.TO and HBNK.TO.
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Drawdown Indicators
| HUBL.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.30% | -14.78% | -36.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.47% | -8.48% | -7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -25.70% | -14.78% | -10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -44.89% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -2.24% | -13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 1.95% | +3.60% |
Volatility
HUBL.TO vs. HBNK.TO - Volatility Comparison
Harvest US Bank Leaders Income ETF (HUBL.TO) has a higher volatility of 4.73% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 4.00%. This indicates that HUBL.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
| HUBL.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 4.00% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 11.63% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.66% | 13.39% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.99% | 12.77% | +12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.95% | 12.77% | +16.18% |
Dividends
HUBL.TO vs. HBNK.TO - Dividend Comparison
HUBL.TO's dividend yield for the trailing twelve months is around 7.68%, more than HBNK.TO's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 2.47% | 3.24% | 4.15% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HUBL.TO Harvest US Bank Leaders Income ETF | 7.68% | 8.32% | 7.78% | 8.87% | 7.40% | 5.83% | 7.13% | 5.84% | 6.42% |
Frequently Asked Questions
HUBL.TO and HBNK.TO have a correlation of 0.63, 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: Harvest and Global X.
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