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 $34.31 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: +25.26%, 1-year: +50.00%, 3-year annualised: +37.49%. 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 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 $1.35B 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
2026-09-10	$34.42	$34.42	$34.29	$34.31	$34.31	22,306
2026-09-09	$34.25	$34.49	$34.21	$34.40	$34.40	28,490
2026-09-08	$34.97	$34.97	$34.72	$34.72	$34.72	8,721
2026-09-04	$35.31	$35.36	$35.09	$35.12	$35.12	11,700
2026-09-03	$35.00	$35.29	$34.98	$35.29	$35.29	13,571
2026-09-02	$34.26	$34.73	$34.26	$34.73	$34.73	12,384
2026-09-01	$34.06	$34.06	$33.91	$34.05	$34.05	11,463
2026-08-31	$34.57	$34.67	$34.27	$34.34	$34.34	34,983
2026-08-28	$34.69	$34.70	$34.42	$34.66	$34.66	25,621
2026-08-27	$34.76	$34.76	$34.25	$34.48	$34.48	44,070

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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