Stockchase Opinions

Larry Berman CFA, CMT, CTAGlobal X Equal Weight US Banks Index ETFUBNK.TOCOMMENTApr 06, 2026

Looking for TSX-listed ETF with US banks, not covered call.

BMO has a hedged and an unhedged version. Both are equal weight. More diversified to include regional banks.

There's also UBNK, also an equal weighting. Much more concentrated in the big banks only.

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It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

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If you can hold the underlying securities yourself, then you're not paying the 36 bps MER for Global X to hold them for you. You might find it a matter of convenience, where UBNK rebalances for you rather than having to do it yourself. It's a personal choice. It's unhedged.

A great way to keep it easy.