VS
When evaluating costs, CFRN features a management fee (MER) of 0.3%, compared to 0.28% for HEWB. Performance-wise, CFRN has returned 1.46% year-to-date with +$64 M in net flows, whereas HEWB is at 35.73% 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
CFRN
HEWB
| AuM | $616.48 M | $353.97 M |
| Management Fees | 0.30% | 0.28% |
| Exp. ratio | 0.34% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CFRN | +0.21% | +0.71% | +1.46% | +3.03% | +12.98% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | CFRN | +$13 M | +$52 M | +$64 M | +$108 M | +$289 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
CFRN vs HEWB exposure
Countries
CFRN
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
CFRN
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 16, 2026
Top 10 Holdings
CFRN
Exposure data will be available soon
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
CFRN
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CFRN
HEWB
| Provider | CIBC | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 3.17% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 22, 2019 | January 23, 2019 |
Frequently asked questions about CFRN and HEWB
Which ETF has performed better year to date: CFRN or HEWB?
As of July 16, 2026, CFRN has returned 1.46% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CFRN or HEWB?
As of July 16, 2026, CFRN manages $616.48 M in assets, while HEWB manages $353.97 M. CFRN is the larger fund by AUM.
How are CFRN and HEWB managed?
CFRN is actively managed by CIBC. 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.
Which ETF is attracting more investor flows: CFRN or HEWB?
Year to date, CFRN has seen +$63.92 M in net flows, compared with +$23.13 M for HEWB. CFRN has attracted more net investor money so far.
How do the fees of CFRN and HEWB compare?
CFRN has an expense ratio of 0.34%, while HEWB has an expense ratio of 0.28%.
Recent articles about CFRN and HEWB
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