VS
Compare iShares Equal Weight Banc & Lifeco ETF (CEW) vs Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) to find the best fit for your portfolio. CEW and HEWB provide the same top sector exposures: Finance. When evaluating costs, CEW features a management fee (MER) of 0.55%, compared to 0.28% for HEWB. Performance-wise, CEW has returned 30.35% year-to-date with -$3 M in net flows, whereas HEWB is at 30.69% with +$32 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
HEWB
| AuM | $417.88 M | $350.07 M |
| Management Fees | 0.55% | 0.28% |
| Exp. ratio | 0.61% | 0.28% |
| Tracking Difference | - | -0.74% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CEW | -2.15% | +4.88% | +30.35% | +50.21% | +148.70% |
HEWB | -3.97% | +2.09% | +30.69% | +48.97% | +153.83% | |
| Flows | CEW | -$14 M | -$10 M | -$3 M | +$8 M | -$0 M |
HEWB | +$6 M | +$18 M | +$32 M | +$32 M | +$39 M |
CEW vs HEWB exposure
Countries
CEW
Canada
99.74%
HEWB
Canada
100.00%
Sectors
CEW
Finance
99.74%
HEWB
Finance
100.00%
As of September 16, 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%
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
CEW
Total weight of top 10 holdings out of 10 total
99.74%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CEW
HEWB
| 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 | Capitalization |
| Trailing 12m distribution yield | 2.19% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 6, 2008 | January 23, 2019 |
Frequently asked questions about CEW and HEWB
Which ETF has performed better year to date: CEW or HEWB?
As of September 16, 2026, CEW has returned 30.35% year to date, while HEWB has returned 30.69%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CEW or HEWB?
As of September 16, 2026, CEW manages $417.88 M in assets, while HEWB manages $350.07 M. CEW is the larger fund by AUM.
How are CEW and HEWB managed?
CEW is actively managed by iShares. 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.
What sectors do CEW and HEWB emphasize?
CEW is most exposed to Finance. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: CEW or HEWB?
Year to date, CEW has seen -$2.82 M in net flows, compared with +$32.44 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of CEW and HEWB compare?
CEW has an expense ratio of 0.61%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of CEW and HEWB?
CEW's largest holdings include Manulife Financial Corp., Sun Life Financial, Inc., and iA Financial Corp., Inc.. HEWB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: CEW or HEWB?
CEW holds 10 securities, while HEWB holds 6. On holdings count, CEW is the more diversified portfolio.
Recent articles about CEW 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.