A side-by-side comparison of Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | EBNK | HMAX |
|---|---|---|
| YTD Return | +7.52% | +10.93%✓ |
| 1-Day Change | -1.65% | -0.77%✓ |
| 1-Week Change | +0.70%✓ | -0.66% |
| 1-Month Change | +2.67%✓ | +0.28% |
| Current Price | $17.29 | $18.06 |
| AUM | $110M | $2.57B✓ |
| MER (Expense Ratio) | 0%✓ | 65% |
| Dividend Yield | 10.46% | 10.97%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2022-01-07 | 2023-01-20 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★★ | ★★ |
| Category | Financial Services Equity | Financial Services Equity |
| Beta | 0.81 | 0.86 |
| 52-Week High | $17.43 | $18.43 |
| 52-Week Low | $12.50 | $12.86 |
| 50-Day MA | $16.57 | $17.90 |
| 200-Day MA | $15.74 | $16.55 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | EBNK | HMAX |
|---|---|---|
| YTD | +7.52% | +10.93%✓ |
| 1 Year | +36.15% | +40.02%✓ |
| 3 Year | +35.41%✓ | +22.93% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 14.69% | 10.32% |
| Sharpe Ratio (3Y) | 1.98 | 1.53 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | EBS | Erste Group Bank AG | 5.68% |
| 2 | NWG | NatWest Group PLC | 5.33% |
| 3 | BBVA | Banco Bilbao Vizcaya Argentaria SA | 5.31% |
| 4 | SAN | Banco Santander S.A. | 5.21% |
| 5 | CABK | Caixabank SA | 5.17% |
| 6 | LLOY | Lloyds Banking Group PLC | 5.12% |
| 7 | UCG | UniCredit S.p.A. | 5.07% |
| 8 | GLE | Societe Generale S.A. | 5.04% |
| 9 | BNP | BNP Paribas SA | 4.99% |
| 10 | INGA | ING Groep NV | 4.97% |
| 1 | RY | Royal Bank of Canada | 25.58% |
| 2 | TD | Toronto Dominion Bank | 17.75% |
| 3 | BMO | Bank of Montreal | 10.95% |
| 4 | BNS | Bank of Nova Scotia | 9.43% |
| 5 | CM | Canadian Imperial Bank Of Commerce | 9.31% |
| 6 | BN | Brookfield Corporation | 9.24% |
| 7 | MFC | Manulife Financial Corp | 5.98% |
| 8 | NA | National Bank of Canada | 5.46% |
| 9 | GWO | Great-West Lifeco Inc. | 5.10% |
| 10 | IFC | Intact Financial Corporation | 3.23% |
Sector Weights
| Sector | EBNK | HMAX |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 100.00% | 100.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About EBNK
Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About HMAX
HMAX is designed for attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services stocks. To reduce volatility and augment dividend income, HMAX will employ an active covered call strategy.
Which ETF is Right for You?
Both EBNK and HMAX are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, HMAX scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between EBNK and HMAX?
EBNK (Evolve European Banks Enhanced Yield ETF Hedged CAD) and HMAX (Hamilton Canadian Financials YIELD MAXIMIZER ETF) are both Canadian-listed ETFs. Key differences include their AUM ($110M vs $2.57B), dividend yield (10.46% vs 10.97%), and year-to-date performance (+7.52% vs +10.93%).
Is EBNK better than HMAX?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy EBNK and HMAX on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both EBNK and HMAX should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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