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 $34.88 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: +27.35%, 1-year: +68.15%, 3-year annualised: +35.45%. 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 2.83%, 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, 17.6%), Royal Bank of Canada (RY, 17.3%), Bank of Montreal (BMO, 17.0%), Bank of Nova Scotia (BNS, 16.3%), 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 $1.34B 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 13.56% and a beta of 1.05 (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
2026-06-22	$34.74	$34.96	$34.74	$34.88	$34.88	22,203
2026-06-19	$34.85	$34.95	$34.68	$34.68	$34.68	15,778
2026-06-18	$34.56	$34.71	$34.52	$34.58	$34.58	86,915
2026-06-17	$34.09	$34.46	$34.09	$34.36	$34.36	115,622
2026-06-16	$33.86	$34.08	$33.80	$34.02	$34.02	69,949
2026-06-15	$33.92	$33.97	$33.50	$33.68	$33.68	79,873
2026-06-12	$33.51	$33.76	$33.48	$33.61	$33.61	79,564
2026-06-11	$33.13	$33.32	$32.86	$33.24	$33.24	91,220
2026-06-10	$32.84	$33.10	$32.78	$32.82	$32.82	119,889
2026-06-09	$32.81	$33.02	$32.60	$32.91	$32.91	65,265

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%

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