VS
Compare iShares Equal Weight Banc & Lifeco ETF (CEW) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. CEW and HBNK provide the same top sector exposures: Finance. When evaluating costs, CEW features a management fee (MER) of 0.55%, compared to 0.09% for HBNK. Performance-wise, CEW has returned 30.17% year-to-date with -$3 M in net flows, whereas HBNK is at 29.83% with -$482 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
CEW
HBNK
| AuM | $417.31 M | $748.35 M |
| Management Fees | 0.55% | 0.09% |
| Exp. ratio | 0.61% | 0.10% |
| Tracking Difference | - | -0.35% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CEW | -2.28% | +5.75% | +30.17% | +49.21% | +148.04% |
HBNK | -4.72% | +3.28% | +29.83% | +49.23% | +152.57% | |
| Flows | CEW | -$14 M | -$10 M | -$3 M | +$8 M | -$0 M |
HBNK | +$34 M | -$68 M | -$482 M | -$670 M | -$81 M |
CEW vs HBNK exposure
Countries
CEW
Canada
99.74%
HBNK
Canada
99.59%
Sectors
CEW
Finance
99.74%
HBNK
Finance
99.59%
As of September 15, 2026
Top 10 Holdings
CEW
Manulife Financial Corp.
10.31%
Sun Life Financial, Inc.
10.19%
iA Financial Corp., Inc.
10.18%
The Toronto-Dominion Bank
10.03%
Great-West Lifeco, Inc.
10.02%
Canadian Imperial Bank of Commerce
9.89%
National Bank of Canada
9.82%
Bank of Montreal
9.79%
The Bank of Nova Scotia
9.78%
Royal Bank of Canada
9.74%
HBNK
Royal Bank of Canada
17.26%
Bank of Montreal
17.04%
The Toronto-Dominion Bank
16.90%
The Bank of Nova Scotia
16.41%
Canadian Imperial Bank of Commerce
16.05%
National Bank of Canada
15.93%
Diversification
CEW
Total weight of top 10 holdings out of 10 total
99.74%
HBNK
Total weight of top 10 holdings out of 6 total
99.59%
Characteristics
Compare
CEW
HBNK
| Provider | iShares | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.19% | 2.65% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2008 | July 5, 2023 |
Frequently asked questions about CEW and HBNK
Which ETF has performed better year to date: CEW or HBNK?
As of September 15, 2026, CEW has returned 30.17% year to date, while HBNK has returned 29.83%. CEW is ahead on YTD performance.
Which ETF is larger by assets under management: CEW or HBNK?
As of September 15, 2026, CEW manages $417.31 M in assets, while HBNK manages $748.35 M. HBNK is the larger fund by AUM.
How are CEW and HBNK managed?
CEW is actively managed by iShares. It does not track an index. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CEW and HBNK emphasize?
CEW is most exposed to Finance. HBNK is most exposed to Finance.
Which ETF is attracting more investor flows: CEW or HBNK?
Year to date, CEW has seen -$2.82 M in net flows, compared with -$482.41 M for HBNK. CEW has attracted more net investor money so far.
How do the fees of CEW and HBNK compare?
CEW has an expense ratio of 0.61%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of CEW and HBNK?
CEW's largest holdings include Manulife Financial Corp., Sun Life Financial, Inc., and iA Financial Corp., Inc.. HBNK's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: CEW or HBNK?
CEW holds 10 securities, while HBNK holds 6. On holdings count, CEW is the more diversified portfolio.
Recent articles about CEW and HBNK
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.