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 $33.84 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: +23.55%, 1-year: +48.59%, 3-year annualised: +38.12%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.82, 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 2.72%, 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 Bank of Nova Scotia (BNS, 17.6%), Toronto Dominion Bank (TD, 17.4%), Royal Bank of Canada (RY, 17.3%), Bank of Montreal (BMO, 16.5%), Canadian Imperial Bank Of Commerce (CM, 15.8%) — 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%), Energy (0.0%), Utilities (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 $1.36B 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 16.96% and a beta of 1.03 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.82 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
2026-10-01	$34.04	$34.04	$33.44	$33.84	$33.84	73,705
2026-09-30	$34.54	$34.57	$34.13	$34.13	$34.13	18,187
2026-09-29	$34.68	$34.68	$34.42	$34.55	$34.55	6,900
2026-09-28	$34.94	$35.09	$34.79	$34.85	$34.85	41,266
2026-09-25	$34.68	$35.04	$34.68	$35.04	$35.04	56,512
2026-09-24	$34.45	$34.62	$34.27	$34.55	$34.55	31,634
2026-09-23	$35.09	$35.13	$34.54	$34.54	$34.54	13,079
2026-09-22	$35.47	$35.52	$35.05	$35.25	$35.25	79,863
2026-09-21	$35.15	$35.57	$35.15	$35.57	$35.57	14,199
2026-09-18	$34.73	$35.01	$34.72	$35.01	$35.01	37,343

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

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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