VS
CI Growth Asset Allocation ETF (CGRO) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CGRO focuses its top 3 sector exposures on Technology, Finance, and Industrials, while HEWB leans towards Finance. When evaluating costs, CGRO features a management fee (MER) of 0.22%, compared to 0.28% for HEWB. Performance-wise, CGRO has returned 10.3% year-to-date with +$24 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
CGRO
HEWB
| AuM | $89.77 M | $353.97 M |
| Management Fees | 0.22% | 0.28% |
| Exp. ratio | 0.29% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CGRO | -1.10% | +3.79% | +10.30% | +21.20% | +61.29% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | CGRO | +$5 M | +$11 M | +$24 M | +$35 M | +$73 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
CGRO vs HEWB exposure
Countries
CGRO
Canada
36.44%
USA
31.11%
Other
32.45%
HEWB
Canada
100.00%
Sectors
CGRO
Technology
20.67%
Finance
19.13%
Industrials
7.95%
Non-Energy Materials
7.22%
Other
45.03%
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
CGRO
CA12548U1075
3.92%
NVIDIA Corp.
2.19%
Apple, Inc.
1.99%
Royal Bank of Canada
1.70%
Microsoft Corp.
1.47%
The Toronto-Dominion Bank
1.22%
Amazon.com, Inc.
1.16%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.04%
Alphabet, Inc.
0.98%
Broadcom Inc.
0.92%
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
CGRO
Total weight of top 10 holdings out of 7,813 total
16.60%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CGRO
HEWB
| Provider | CI | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.60% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | May 17, 2023 | January 23, 2019 |
Frequently asked questions about CGRO and HEWB
Which ETF has performed better year to date: CGRO or HEWB?
As of July 17, 2026, CGRO has returned 10.30% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CGRO or HEWB?
As of July 17, 2026, CGRO manages $89.77 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are CGRO and HEWB managed?
CGRO is actively managed by CI. 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 CGRO and HEWB emphasize?
CGRO is most exposed to Technology, Finance, and Industrials. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: CGRO or HEWB?
Year to date, CGRO has seen +$24.06 M in net flows, compared with +$23.13 M for HEWB. CGRO has attracted more net investor money so far.
How do the fees of CGRO and HEWB compare?
CGRO has an expense ratio of 0.29%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of CGRO and HEWB?
CGRO's largest holdings include NVIDIA Corp. and Apple, Inc.. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: CGRO or HEWB?
CGRO holds 7608 securities, while HEWB holds 6. On holdings count, CGRO is the more diversified portfolio.
Recent articles about CGRO and HEWB
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.