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Compare iShares Equal Weight Banc & Lifeco ETF (CEW) vs HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF (HEB) to find the best fit for your portfolio. CEW and HEB provide the same top sector exposures: Finance. When evaluating costs, CEW features a management fee (MER) of 0.55%, compared to 0.19% for HEB. Performance-wise, CEW has returned 30.21% year-to-date with -$3 M in net flows, whereas HEB is at 30.21% with +$28 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
HEB
| AuM | $417.43 M | $1,356.07 M |
| Management Fees | 0.55% | 0.19% |
| Exp. ratio | 0.61% | 0.05% |
| Tracking Difference | - | -0.38% |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CEW | -2.60% | +5.78% | +30.21% | +49.25% | +149.74% |
HEB | -4.55% | +3.60% | +30.21% | +49.69% | +154.26% | |
| Flows | CEW | -$14 M | -$10 M | -$3 M | +$8 M | -$0 M |
HEB | -$50 M | -$26 M | +$28 M | +$59 M | +$99 M |
CEW vs HEB exposure
Countries
CEW
Canada
99.74%
HEB
Canada
99.92%
Sectors
CEW
Finance
99.74%
HEB
Finance
99.92%
As of September 14, 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%
HEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.06%
The Toronto-Dominion Bank
16.87%
The Bank of Nova Scotia
16.44%
Canadian Imperial Bank of Commerce
16.11%
National Bank of Canada
16.04%
Diversification
CEW
Total weight of top 10 holdings out of 10 total
99.74%
HEB
Total weight of top 10 holdings out of 6 total
99.92%
Characteristics
Compare
CEW
HEB
| Provider | iShares | Hamilton ETFs |
| 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% | 2.69% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2008 | April 3, 2023 |
Frequently asked questions about CEW and HEB
Which ETF has performed better year to date: CEW or HEB?
As of September 14, 2026, CEW has returned 30.21% year to date, while HEB has returned 30.21%. HEB is ahead on YTD performance.
Which ETF is larger by assets under management: CEW or HEB?
As of September 14, 2026, CEW manages $417.43 M in assets, while HEB manages $1.36 B. HEB is the larger fund by AUM.
How are CEW and HEB managed?
CEW is actively managed by iShares. It does not track an index. HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do CEW and HEB emphasize?
CEW is most exposed to Finance. HEB is most exposed to Finance.
Which ETF is attracting more investor flows: CEW or HEB?
Year to date, CEW has seen -$2.82 M in net flows, compared with +$28.19 M for HEB. HEB has attracted more net investor money so far.
How do the fees of CEW and HEB compare?
CEW has an expense ratio of 0.61%, while HEB has an expense ratio of 0.05%.
What are the top holdings of CEW and HEB?
CEW's largest holdings include Manulife Financial Corp., Sun Life Financial, Inc., and iA Financial Corp., Inc.. HEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: CEW or HEB?
CEW holds 10 securities, while HEB holds 6. On holdings count, CEW is the more diversified portfolio.
Recent articles about CEW and HEB
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