Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB)
Important Information
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- Investment focus:Canadian investment-grade bonds through a swap
- Category:Canadian diversified bonds
- Management style:Index (passive)
- Managed by:Global X
- Market data as of:October 30, 2026
With C$4.15 billion in assets, HBB is the 8th largest of the 42 bond ETFs WOWA tracks. Its management expense ratio (MER) is 0.10%, and it does not pay regular distributions.
Jump to section: Overview • Index • Performance • Distributions • Risks • Fit • Ranking • Compare
AUM
C$4.15B
as of Oct 30, 2026
MER
0.10%
annual cost
Trailing yield
None
past 12 months
5-year return
0.24%
annualized
About HBB
Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB) is a bond ETF from Global X, launched on May 7, 2014. It provides the return of a Solactive index of Canadian government and corporate bonds through a total return swap inside a corporate-class fund. Interest is not paid out; it compounds in the share price.
What HBB tracks
| Fund detail | Value |
|---|---|
| Index | Solactive Canadian Select Universe Bond Index |
| Rebalancing | Monthly, following the index |
Solactive’s index here takes a selection of investment-grade Canadian bonds from Ottawa, the provinces and companies, not every bond that would qualify. HBB doesn’t own those bonds. It holds cash and a total return swap, a contract under which a bank pays it whatever the index earns, interest included. Nothing is paid out as distributions, so the return shows up in the share price.
HBB fund facts
ETF data as of October 30, 2026
Updated weekly| Fund detail | Value |
|---|---|
| Fund basics | |
| Ticker | HBB |
| Provider | Global X |
| Inception date | May 7, 2014 |
| Legal structure | Mutual fund corporation (corporate class) |
| Management style | Index (passive) |
| Portfolio | |
| Bond market | Canada |
| Bond sector | Aggregate |
| Maturity segment | Broad |
| Credit mandate | Investment grade |
| Currency treatment | Canadian-dollar bonds |
| Strategy type | Swap-based |
| Number of holdings | None held directly (swap) |
| Costs and distributions | |
| Management fee | 0.09% |
| MER | 0.10% |
| Distribution frequency | None |
| Trailing distribution yield | None |
| Risk rating (issuer) | Low |
| Size and trading | |
| Assets under management | C$4.15 billion (as of October 30, 2026) |
| Average daily volume | 21,965 units a day (listing exchange) |
HBB performance
ETF data as of October 30, 2026
Updated weekly| Period | HBB | Canadian diversified median |
|---|---|---|
| 1 year | -1.03% | -0.41% |
| 3 years, annualized | 4.56% | 4.86% |
| 5 years, annualized | 0.24% | 0.70% |
| 10 years, annualized | 1.11% | 1.44% |
Total returns with distributions reinvested, in CAD, as of October 30, 2026. Category median: the middle value among the funds in the Canadian diversified group with a return for that period (14 funds for one year, 13 for three and five years, 8 for ten years). N/A: no complete return record for the period. Past performance does not predict future results.
$10,000 invested in HBB ten years ago would be worth about $11,200 as of October 30, 2026, with distributions reinvested and before taxes and trading costs.
Risk and return measures
ETF data as of October 30, 2026
Updated weekly| Measure | 3 years | 5 years | 10 years |
|---|---|---|---|
| Volatility | 5.26% | 6.27% | 5.76% |
| Sharpe ratio | 0.25 | -0.43 | -0.13 |
Volatility shows how much monthly returns have swung, as a yearly percentage. The Sharpe ratio compares the return above 3-month Government of Canada T-bills with that volatility. Higher means more return for each unit of risk, and below 0 means the fund earned less than T-bills.
HBB distributions
HBB does not pay regular distributions. It does not pay out its income; that return builds up in the unit price instead.
Risks to know
Global X rates HBB’s risk as low on the standard Canadian fund scale, which runs from low to high. The rating reflects how much the fund’s returns have varied, not the chance that a borrower defaults.
Returns depend on the swap counterparty as well as bond markets, and prices fall when interest rates rise. About four-fifths of the index is government debt.
- Credit: Its index holds mostly government and investment-grade company debt, so default risk is low.
- Swap counterparty: Its return comes from a swap agreement, so it also depends on the bank on the other side meeting its obligations.
Is HBB a good fit?
| Good fit if you | Think twice if you |
|---|---|
| hold bonds in a non-registered account and would rather see gains in the unit price than taxable distributions. | want regular income: it does not pay distributions. |
| want one core holding that covers the Canadian investment-grade bond market. | may need the money within a year or two: its price can fall noticeably when yields rise. |
| want a low-cost fund: its 0.10% MER is in line with the Canadian diversified median of 0.10%. | need a set amount back on a set date: a bond ETF has no maturity date, unlike a GIC. |
General pointers based on the fund’s category, structure and costs, not personal advice.
How HBB ranks
By assets
8th
of 42 bond ETFs
By lowest MER
8th (tied)
of 42 bond ETFs
By 5-year return
13th
of 13 Canadian diversified bond ETFs
HBB ranks 8th by assets among the 42 bond ETFs WOWA monitors, 8th (tied) by lowest MER, and 13th of 13 by five-year return in the Canadian diversified group, as of October 30, 2026. See the full list of Canadian bond ETFs.
Compare HBB with similar bond ETFs
HBB is in the Canadian diversified group on our Best Canadian Bond ETFs page. These are the largest other funds in that group.
ETF data as of October 30, 2026
Updated weekly| Ticker | Exposure and strategy | 5-year return | MER | Trailing yield | AUM (CAD B) |
|---|---|---|---|---|---|
| HBB | Canadian investment-grade bonds through a swap | 0.24% | 0.10% | None | 4.15 |
| ZAG | Canadian investment-grade government and corporate bonds | 0.64% | 0.09% | 3.45% | 13.24 |
| XBB | Canadian investment-grade government and corporate bonds | 0.70% | 0.10% | 3.52% | 10.94 |
| VAB | Canadian investment-grade government and corporate bonds | 0.66% | 0.08% | 3.42% | 7.76 |
| FCCB | Canadian investment-grade bonds with a corporate tilt | 1.01% | 0.28% | 3.73% | 4.93 |
See all 14 funds in this group.
How to buy HBB
You can buy HBB through any Canadian brokerage account, including a TFSA, RRSP or FHSA, by searching for its ticker. When comparing Canadian trading platforms, look at commissions, account fees and currency-conversion costs.
Before you place the order, check the bid-ask spread and consider a limit order, which caps the price you pay but may not fill. If this is your first account, our brokerage account guide walks you through opening one. Buying inside a TFSA? Our guide to the best TFSA investment options covers the other choices for that account.
If you’re from Global X and would like to add or update information on this page, please contact us.
Returns, volatility, Sharpe ratios, trailing yield and trading volume: WOWA calculations from Yahoo Finance prices adjusted for distributions, as of October 30, 2026. Assets under management: as of October 30, 2026. Fees, risk rating and inception date: Global X fund documents. Fund page: Global X Canadian Select Universe Bond Index Corporate Class ETF.
Disclaimer: This page is for general information only and is not investment advice. WOWA does not recommend any specific fund. Figures come from issuer and third-party sources, may contain errors and can change after publication, so check the fund’s own documents before you invest.