HEB ETF? - Stocktrades Canada

I’m wondering about this HEB ETF that is a mix of the top Canadian banks. It has a good track record of growth and management fees are extremely low. I’m thinking of it as a safe place to “park” some TFSA money, as an alternative to leaving it in cash, as I’m unsure of where to invest it right now. Any thoughts would be much appreciated.

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Asked on September 5, 2025 4:36 am

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Private answer

HEB is the best Canadian banking ETF out there in my opinion. Lowest fees and carries the Big 6. Many other funds do this, but with higher fees.

That said, there is a gigantic difference between leaving money in cash and buying an equity fund. You are taking on substantially more risk. Sure, a HISA ETF will only pay you 2.5%. But your initial investment is guaranteed. With these banking ETFs, even though the banks are "lower volatility" you can still find yourself 10,20,30% lower over a very short time span.

If you are leaving that money in cash because you could need it over the short term, buying stocks with it, no matter how safe they feel, is not a strong option.

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Posted by Dan Kent

Answered on September 5, 2025 9:07 am

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