HUG.TO vs. HBNK.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Gold ETF (HUG.TO) and Global X Equal Weight Banks Index ETF (HBNK.TO).

HUG.TO and HBNK.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HUG.TO is a passively managed fund by Global X that tracks the performance of the Solactive Gold Front Month MD Rolling Futures Index ER. It was launched on Jun 24, 2009. HBNK.TO is a passively managed fund by Global X that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Jul 5, 2023. Both HUG.TO and HBNK.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HUG.TO vs. HBNK.TO - Performance Comparison

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

HUG.TO vs. HBNK.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HUG.TO Global X Gold ETF	7.30%	57.93%	24.13%	6.28%
HBNK.TO Global X Equal Weight Banks Index ETF	1.67%	43.71%	24.77%	8.99%

Returns By Period

In the year-to-date period, HUG.TO achieves a 7.30% return, which is significantly higher than HBNK.TO's 1.67% return.

HUG.TO

• 1D: 3.60%
• 1M: -11.44%
• YTD: 7.30%
• 6M: 18.79%
• 1Y: 43.53%
• 3Y*: 29.54%
• 5Y*: 19.17%
• 10Y*: 11.28%

HBNK.TO

• 1D: 2.25%
• 1M: -4.06%
• YTD: 1.67%
• 6M: 14.60%
• 1Y: 52.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

HUG.TO has a 0.54% expense ratio, which is higher than HBNK.TO's 0.09% expense ratio.

HUG.TO

Global X Gold ETF

HBNK.TO

Global X Equal Weight Banks Index ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HUG.TO

HUG.TO Risk / Return Rank: 80
HUG.TO Sharpe Ratio Rank: 82
HUG.TO Sortino Ratio Rank: 79
HUG.TO Omega Ratio Rank: 78
HUG.TO Calmar Ratio Rank: 83
HUG.TO Martin Ratio Rank: 79

HBNK.TO

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HUG.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold ETF (HUG.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.

	HUG.TO	HBNK.TO	Difference
Sharpe ratio Return per unit of total volatility	1.58	3.89	-2.31
Sortino ratio Return per unit of downside risk	2.02	4.95	-2.93
Omega ratio Gain probability vs. loss probability	1.30	1.76	-0.46
Calmar ratio Return relative to maximum drawdown	2.36	6.21	-3.85
Martin ratio Return relative to average drawdown	8.51	24.46	-15.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HUG.TO Sharpe Ratio is 1.58, which is lower than the HBNK.TO Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of HUG.TO and HBNK.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HUG.TO	HBNK.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	3.89	-2.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	2.31	-1.86

Correlation

The correlation between HUG.TO and HBNK.TO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HUG.TO vs. HBNK.TO - Dividend Comparison

HUG.TO has not paid dividends to shareholders, while HBNK.TO's dividend yield for the trailing twelve months is around 2.97%.

	TTM	2025	2024	2023
HUG.TO Global X Gold ETF	0.00%	0.00%	0.00%	0.00%
HBNK.TO Global X Equal Weight Banks Index ETF	2.97%	3.24%	4.15%	2.45%

Drawdowns

HUG.TO vs. HBNK.TO - Drawdown Comparison

The maximum HUG.TO drawdown since its inception was -47.99%, 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 HUG.TO and HBNK.TO.

Drawdown Indicators

	HUG.TO	HBNK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-47.99%	-14.78%	-33.21%
Max Drawdown (1Y) Largest decline over 1 year	-19.27%	-8.48%	-10.79%
Max Drawdown (5Y) Largest decline over 5 years	-22.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.66%	—	—
Current Drawdown Current decline from peak	-13.85%	-6.03%	-7.82%
Average Drawdown Average peak-to-trough decline	-23.04%	-2.41%	-20.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	2.15%	+3.20%

Volatility

HUG.TO vs. HBNK.TO - Volatility Comparison

Global X Gold ETF (HUG.TO) has a higher volatility of 10.58% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 5.70%. This indicates that HUG.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.

Volatility by Period

	HUG.TO	HBNK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.58%	5.70%	+4.88%
Volatility (6M) Calculated over the trailing 6-month period	24.01%	9.90%	+14.11%
Volatility (1Y) Calculated over the trailing 1-year period	27.70%	13.46%	+14.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	12.43%	+5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	12.43%	+3.95%