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 $35.57 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: +29.86%, 1-year: +68.96%, 3-year annualised: +35.25%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.69, 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 2.59%, 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 Toronto Dominion Bank (TD, 17.4%), Royal Bank of Canada (RY, 17.4%), Bank of Montreal (BMO, 17.1%), Bank of Nova Scotia (BNS, 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%), 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 $1.44B 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 1.10 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.69 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
2026-07-31	$35.56	$35.70	$35.54	$35.57	$35.57	11,200
2026-07-30	$35.35	$35.59	$35.35	$35.54	$35.54	11,868
2026-07-29	$35.64	$35.65	$34.86	$34.94	$34.94	33,545
2026-07-28	$35.56	$36.03	$35.31	$36.03	$36.03	31,962
2026-07-27	$35.70	$35.77	$35.41	$35.62	$35.62	17,601
2026-07-24	$35.39	$35.59	$35.35	$35.45	$35.45	14,495
2026-07-23	$35.24	$35.37	$35.09	$35.20	$35.20	21,433
2026-07-22	$35.68	$35.95	$35.66	$35.72	$35.72	18,897
2026-07-21	$35.59	$35.76	$35.42	$35.70	$35.70	32,837
2026-07-20	$36.34	$36.49	$35.54	$35.54	$35.54	35,140

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

CIBC Investor's Edge

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