VS
When evaluating costs, CESG features a management fee (MER) of 0.35%, compared to 0.28% for HEWB. Performance-wise, CESG has returned 22.92% year-to-date with +$0 M in net flows, whereas HEWB is at 32.25% with +$27 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
CESG
HEWB
| AuM | $10.75 M | $348.73 M |
| Management Fees | 0.35% | 0.28% |
| Exp. ratio | 0.39% | 0.28% |
| Tracking Difference | -0.17% | -0.74% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CESG | +2.04% | +1.71% | +22.92% | +26.55% | +24.05% |
HEWB | -0.34% | +10.99% | +32.25% | +55.27% | +160.78% | |
| Flows | CESG | +$0 M | +$0 M | +$0 M | -$1 M | -$2 M |
HEWB | +$0 M | +$15 M | +$27 M | +$26 M | +$33 M |
CESG vs HEWB exposure
Countries
CESG
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
CESG
Exposure data will be available soon
HEWB
Finance
100.00%
As of September 3, 2026
Top 10 Holdings
CESG
Exposure data will be available soon
HEWB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
CESG
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CESG
HEWB
| Provider | CI | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI World ESG Select Impact ex Fossil Fuels 100% hedged to CAD Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.27% | 0.00% |
| Meets ESG criteria | Yes | No |
| Inception Date | September 12, 2019 | January 23, 2019 |
Frequently asked questions about CESG and HEWB
Which ETF has performed better year to date: CESG or HEWB?
As of September 3, 2026, CESG has returned 22.92% year to date, while HEWB has returned 32.25%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CESG or HEWB?
As of September 3, 2026, CESG manages $10.75 M in assets, while HEWB manages $348.73 M. HEWB is the larger fund by AUM.
How are CESG and HEWB managed?
CESG is passively managed by CI. It tracks the MSCI World ESG Select Impact ex Fossil Fuels 100% hedged to CAD Index - CAD benchmark. 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: CESG or HEWB?
Year to date, CESG has seen +$0.00 M in net flows, compared with +$26.99 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of CESG and HEWB compare?
CESG has an expense ratio of 0.39%, while HEWB has an expense ratio of 0.28%.
Recent articles about CESG and HEWB
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.





