VS
When evaluating costs, BMAX features a management fee (MER) of 0%, compared to 0.28% for HEWB. Performance-wise, BMAX has returned 10.69% year-to-date with +$36 M in net flows, whereas HEWB is at 35.73% with +$23 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
BMAX
HEWB
| AuM | $169.19 M | $353.97 M |
| Management Fees | 0.00% | 0.28% |
| Exp. ratio | 2.62% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BMAX | -0.15% | +6.35% | +10.69% | +20.60% | +65.38% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | BMAX | +$6 M | +$16 M | +$36 M | +$49 M | +$103 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
BMAX vs HEWB exposure
Countries
BMAX
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
BMAX
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 16, 2026
Top 10 Holdings
BMAX
Exposure data will be available soon
HEWB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
BMAX
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
BMAX
HEWB
| Provider | Brompton Group | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 9.62% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2022 | January 23, 2019 |
Frequently asked questions about BMAX and HEWB
Which ETF has performed better year to date: BMAX or HEWB?
As of July 16, 2026, BMAX has returned 10.69% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: BMAX or HEWB?
As of July 16, 2026, BMAX manages $169.19 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are BMAX and HEWB managed?
BMAX is actively managed by Brompton Group. It does not track an index. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
Which ETF is attracting more investor flows: BMAX or HEWB?
Year to date, BMAX has seen +$36.19 M in net flows, compared with +$23.13 M for HEWB. BMAX has attracted more net investor money so far.
How do the fees of BMAX and HEWB compare?
BMAX has an expense ratio of 2.62%, while HEWB has an expense ratio of 0.28%.
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