VS
When evaluating costs, CGL features a management fee (MER) of 0.5%, compared to 0.28% for HEWB. Performance-wise, CGL has returned 8.65% year-to-date with +$189 M in net flows, whereas HEWB is at 13.07% with +$12 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
CGL
HEWB
| AuM | $2,631.41 M | $285.29 M |
| Management Fees | 0.50% | 0.28% |
| Exp. ratio | 0.55% | 0.28% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CGL | +6.59% | -7.91% | +8.65% | +38.95% | +125.72% |
HEWB | +13.63% | +12.35% | +13.07% | +66.63% | +115.38% | |
| Flows | CGL | +$10 M | +$144 M | +$189 M | +$380 M | +$732 M |
HEWB | +$8 M | +$9 M | +$12 M | +$7 M | -$3 M |
CGL vs HEWB exposure
Countries
CGL
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
CGL
Exposure data will be available soon
HEWB
Financials
99.99%
As of April 24, 2026
Top 10 Holdings
CGL
Exposure data will be available soon
HEWB
ROYAL BK CANADA
17.10%
TORONTO DOMINION
16.90%
BNS
16.65%
BANK OF MONTREAL
16.51%
CDN IMPERIAL BK
16.48%
NATIONAL BANK OF CANADA
16.35%
Diversification
CGL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
CGL
HEWB
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | LBMA London Gold Market Fixing Price PM Index - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Commodity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | May 28, 2009 | January 23, 2019 |
Frequently asked questions about CGL and HEWB
Which ETF has performed better year to date: CGL or HEWB?
As of April 24, 2026, CGL has returned 8.65% year to date, while HEWB has returned 13.07%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CGL or HEWB?
As of April 24, 2026, CGL manages $2.63 B in assets, while HEWB manages $285.29 M. CGL is the larger fund by AUM.
How are CGL and HEWB managed?
CGL is passively managed by iShares. It tracks the LBMA London Gold Market Fixing Price PM Index - USD 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: CGL or HEWB?
Year to date, CGL has seen +$188.96 M in net flows, compared with +$12.19 M for HEWB. CGL has attracted more net investor money so far.
How do the fees of CGL and HEWB compare?
CGL has an expense ratio of 0.55%, while HEWB has an expense ratio of 0.28%.
Recent articles about CGL 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.