Question 1

What is HEB?

Accepted Answer

HEB — Hamilton Canadian Bank Equal-Weight Index ETF — is a Canadian-listed ETF trading on the TSX. HEB is designed to track the returns of the Solactive Equal Weight Canada Banks Index, net of fees and expenses. HEB rebalances semi-annually to equal-weight.

Question 2

What is the HEB ETF price today?

Accepted Answer

HEB last traded at $34.07 CAD on the TSX. See the price chart above for recent performance.

Question 3

What are HEB annualised returns?

Accepted Answer

HEB historical returns: YTD: +24.39%, 1-year: +65.28%, 3-year annualised: +38.29%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.70, which measures risk-adjusted return.

Question 4

Does HEB pay dividends or distributions?

Accepted Answer

Yes, HEB distributes income to unitholders. The current distribution yield is approximately 2.61%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 5

What does HEB invest in?

Accepted Answer

HEB's top holdings include Royal Bank of Canada (RY, 17.3%), Bank of Montreal (BMO, 17.0%), Toronto Dominion Bank (TD, 16.9%), Bank of Nova Scotia (BNS, 16.5%), Canadian Imperial Bank Of Commerce (CM, 16.1%) — and 1 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Fin Svc GR CAD.

Question 6

What sectors does HEB invest in?

Accepted Answer

HEB's largest sector exposures are Financial Services (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is HEB? (Assets under management)

Accepted Answer

HEB has approximately $1.45B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 8

When was HEB launched?

Accepted Answer

HEB was launched on April 3, 2023, giving it a 3-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 9

How do I buy HEB in Canada?

Accepted Answer

HEB trades on the TSX under the ticker HEB. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 10

How risky is HEB?

Accepted Answer

HEB has a 1-year volatility of 15.49% and a beta of 1.06 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.70 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-08-20	$34.51	$34.52	$33.90	$34.07	$34.07	52,084
2026-08-19	$35.98	$35.98	$34.66	$34.66	$34.66	89,408
2026-08-18	$36.23	$36.23	$35.61	$35.84	$35.84	29,583
2026-08-17	$36.37	$36.59	$36.37	$36.38	$36.38	6,131
2026-08-14	$36.27	$36.34	$36.18	$36.34	$36.34	9,008
2026-08-13	$36.18	$36.37	$36.16	$36.24	$36.24	13,845
2026-08-12	$35.63	$36.08	$35.62	$36.07	$36.07	10,049
2026-08-11	$35.61	$35.66	$35.49	$35.49	$35.49	12,396
2026-08-10	$35.57	$35.74	$35.57	$35.60	$35.60	29,266
2026-08-07	$35.67	$35.67	$35.34	$35.59	$35.59	21,614

Sector	Weight
Financial Services	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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XRPP		$5.38	+15.34%
MSTU		$4.76	+15.25%

CIBC Investor's Edge

Hamilton Canadian Bank Equal-Weight Index ETF (HEB : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Hamilton Canadian Bank Equal-Weight Index ETF

ETF Details

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Frequently Asked Questions — HEB