VS
iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CBO focuses its top 3 sector exposures on Banks, Power, and Insurance and reinsurance, while HEWB leans towards Finance. When evaluating costs, CBO features a management fee (MER) of 0.25%, compared to 0.28% for HEWB. Performance-wise, CBO has returned 1.21% year-to-date with +$149 M in net flows, whereas HEWB is at 32.58% 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
CBO
HEWB
| AuM | $929.91 M | $345.76 M |
| Management Fees | 0.25% | 0.28% |
| Exp. ratio | 0.27% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CBO | +0.02% | +0.51% | +1.21% | +3.73% | +18.18% |
HEWB | +1.97% | +16.45% | +32.58% | +67.04% | +147.84% | |
| Flows | CBO | +$13 M | +$92 M | +$149 M | +$201 M | +$136 M |
HEWB | +$4 M | +$16 M | +$23 M | +$22 M | +$25 M |
CBO vs HEWB exposure
Countries
CBO
Canada
85.83%
Other
13.74%
HEWB
Canada
100.00%
Sectors
CBO
Banks
26.82%
Other
13.74%
Power
9.97%
Insurance and reinsurance
8.67%
Other
40.80%
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
CBO
Coastal Gaslink Pipeline LP, 4.907% 30jun2031, CAD (C)
1.45%
Greater Toronto Airports Authority, 7.1% 4jun2031, CAD (2001-1)
1.35%
OMERS Realty, 4.96% 10feb2031, CAD
1.34%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
1.32%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
1.09%
Hydro One Inc, 3.02% 5apr2029, CAD (43)
1.08%
Hydro One Inc, 1.69% 16jan2031, CAD (49)
1.07%
CA779926WF74
1.07%
CA89116C3S44
1.07%
Lower Mattagami Energy, 2.433% 14may2031, CAD (2021-1)
1.06%
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
CBO
Total weight of top 10 holdings out of 482 total
11.89%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CBO
HEWB
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 1-5 Year Laddered Corporate Bond TR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 3.48% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 25, 2009 | January 23, 2019 |
Frequently asked questions about CBO and HEWB
Which ETF has performed better year to date: CBO or HEWB?
As of July 17, 2026, CBO has returned 1.21% year to date, while HEWB has returned 32.58%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CBO or HEWB?
As of July 17, 2026, CBO manages $929.91 M in assets, while HEWB manages $345.76 M. CBO is the larger fund by AUM.
How are CBO and HEWB managed?
CBO is passively managed by iShares. It tracks the FTSE Canada 1-5 Year Laddered Corporate Bond TR Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CBO and HEWB emphasize?
CBO is most exposed to Banks, Power, and Insurance and reinsurance. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: CBO or HEWB?
Year to date, CBO has seen +$149.33 M in net flows, compared with +$23.13 M for HEWB. CBO has attracted more net investor money so far.
How do the fees of CBO and HEWB compare?
CBO has an expense ratio of 0.27%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of CBO and HEWB?
CBO's largest holdings include Coastal Gaslink Pipeline LP, 4.907% 30jun2031, CAD (C) and Greater Toronto Airports Authority, 7.1% 4jun2031, CAD (2001-1). HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: CBO or HEWB?
CBO holds 406 securities, while HEWB holds 6. On holdings count, CBO is the more diversified portfolio.
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