VS
When evaluating costs, CTBD features a management fee (MER) of 0.15%, compared to 0.28% for HEWB. Performance-wise, CTBD has returned 1.39% year-to-date with +$48 M in net flows, whereas HEWB is at 32.36% 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
CTBD
HEWB
| AuM | $110.86 M | $345.17 M |
| Management Fees | 0.15% | 0.28% |
| Exp. ratio | 0.23% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBD | +0.51% | +1.25% | +1.39% | +3.39% | - |
HEWB | +8.81% | +27.06% | +32.36% | +69.52% | +158.91% | |
| Flows | CTBD | +$10 M | +$21 M | +$48 M | +$70 M | - |
HEWB | +$11 M | +$19 M | +$23 M | +$22 M | +$25 M |
CTBD vs HEWB exposure
Countries
CTBD
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
CTBD
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 6, 2026
Top 10 Holdings
CTBD
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
CTBD
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
CTBD
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 | 1.92% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | January 23, 2019 |
Frequently asked questions about CTBD and HEWB
Which ETF has performed better year to date: CTBD or HEWB?
As of July 6, 2026, CTBD has returned 1.39% year to date, while HEWB has returned 32.36%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CTBD or HEWB?
As of July 6, 2026, CTBD manages $110.86 M in assets, while HEWB manages $345.17 M. HEWB is the larger fund by AUM.
How are CTBD and HEWB managed?
CTBD 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: CTBD or HEWB?
Year to date, CTBD has seen +$47.59 M in net flows, compared with +$23.13 M for HEWB. CTBD has attracted more net investor money so far.
How do the fees of CTBD and HEWB compare?
CTBD has an expense ratio of 0.23%, while HEWB has an expense ratio of 0.28%.
Recent articles about CTBD and HEWB
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