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Compare CI First Asset CanBanc Income Class ETF (CIC) vs Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) to find the best fit for your portfolio. CIC and HEWB provide the same top sector exposures: Finance. When evaluating costs, CIC features a management fee (MER) of 0.65%, compared to 0.28% for HEWB. Performance-wise, CIC has returned 23.65% year-to-date with -$117 M in net flows, whereas HEWB is at 29.28% with +$29 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
CIC
HEWB
| AuM | $332.79 M | $342.83 M |
| Management Fees | 0.65% | 0.28% |
| Exp. ratio | 0.80% | 0.28% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CIC | -2.54% | -2.31% | +23.65% | +35.60% | +138.77% |
HEWB | -3.04% | -2.49% | +29.28% | +44.09% | +177.79% | |
| Flows | CIC | +$1 M | -$9 M | -$117 M | -$107 M | -$16 M |
HEWB | -$3 M | +$6 M | +$29 M | +$28 M | +$33 M |
CIC vs HEWB exposure
Countries
CIC
Canada
100.28%
HEWB
Canada
100.00%
Sectors
CIC
Finance
100.28%
HEWB
Finance
100.00%
As of October 20, 2026
Top 10 Holdings
CIC
The Bank of Nova Scotia
17.33%
Royal Bank of Canada
16.79%
Canadian Imperial Bank of Commerce
16.75%
The Toronto-Dominion Bank
16.69%
Bank of Montreal
16.38%
National Bank of Canada
16.34%
HEWB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
CIC
Total weight of top 10 holdings out of 6 total
100.28%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CIC
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 | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 5.45% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | August 18, 2010 | January 23, 2019 |
Frequently asked questions about CIC and HEWB
Which ETF has performed better year to date: CIC or HEWB?
As of October 20, 2026, CIC has returned 23.65% year to date, while HEWB has returned 29.28%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CIC or HEWB?
As of October 20, 2026, CIC manages $332.79 M in assets, while HEWB manages $342.83 M. HEWB is the larger fund by AUM.
How are CIC and HEWB managed?
CIC 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 CIC and HEWB emphasize?
CIC is most exposed to Finance. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: CIC or HEWB?
Year to date, CIC has seen -$117.36 M in net flows, compared with +$29.05 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of CIC and HEWB compare?
CIC has an expense ratio of 0.80%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of CIC and HEWB?
CIC's largest holdings include The Bank of Nova Scotia, Royal Bank of Canada, and Canadian Imperial Bank of Commerce. HEWB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: CIC or HEWB?
CIC holds 6 securities, while HEWB holds 6. On holdings count, CIC is the more diversified portfolio.
Recent articles about CIC 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.