VS
CIBC 2029 Investment Grade Bond Fund (CTBE) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CTBE focuses its top 3 sector exposures on Pipelines, Real estate investment and services, and Communication services, while HEWB leans towards Financials. When evaluating costs, CTBE features a management fee (MER) of 0.15%, compared to 0.28% for HEWB. Performance-wise, CTBE has returned 0.33% year-to-date with +$19 M in net flows, whereas HEWB is at 10.07% with +$7 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
CTBE
HEWB
| AuM | $55.66 M | $273.15 M |
| Management Fees | 0.15% | 0.28% |
| Exp. ratio | 0.23% | 0.28% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of April 13, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBE | +0.34% | +0.09% | +0.33% | +3.61% | - |
HEWB | +9.47% | +8.75% | +10.07% | +69.44% | +111.31% | |
| Flows | CTBE | +$3 M | +$13 M | +$19 M | +$38 M | - |
HEWB | +$3 M | +$6 M | +$7 M | +$3 M | -$8 M |
CTBE vs HEWB exposure
Countries
CTBE
Canada
89.59%
USA
9.66%
HEWB
Canada
99.99%
Sectors
CTBE
Pipelines
13.30%
Real estate investment and services
12.54%
Communication services
12.15%
Water, heat and gas supply
9.14%
Other
52.87%
HEWB
Financials
99.99%
As of April 13, 2026
Top 10 Holdings
CTBE
Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14)
6.35%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
6.11%
Nestle Holdings, 2.192% 26jan2029, CAD (114)
5.77%
Ontario Power Generation, 2.977% 13sep2029, CAD (4)
5.35%
Enbridge Gas, 2.37% 9aug2029, CAD
5.23%
John Deere Financial Inc., 2.81% 19jan2029, CAD
5.03%
Tourmaline Oil, 2.529% 12feb2029, CAD
4.98%
Dollarama Inc., 2.443% 9jul2029, CAD
4.98%
SmartCentres REIT, 3.526% 20dec2029, CAD
4.98%
CT Real Estate Investment Trust, 3.029% 5feb2029, CAD (H)
4.93%
HEWB
TORONTO DOMINION
17.51%
BNS
17.08%
CDN IMPERIAL BK
17.02%
ROYAL BK CANADA
16.58%
NATIONAL BANK OF CANADA
15.93%
BANK OF MONTREAL
15.87%
Diversification
CTBE
Total weight of top 10 holdings out of 25 total
53.71%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
CTBE
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 | 2.53% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | January 23, 2019 |
Frequently asked questions about CTBE and HEWB
Which ETF has performed better year to date: CTBE or HEWB?
As of April 13, 2026, CTBE has returned 0.33% year to date, while HEWB has returned 10.07%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: CTBE or HEWB?
As of April 13, 2026, CTBE manages $55.66 M in assets, while HEWB manages $273.15 M. HEWB is the larger fund by AUM.
How are CTBE and HEWB managed?
CTBE 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.
What sectors do CTBE and HEWB emphasize?
CTBE is most exposed to Pipelines, Real estate investment and services, and Communication services. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: CTBE or HEWB?
Year to date, CTBE has seen +$18.65 M in net flows, compared with +$7.48 M for HEWB. CTBE has attracted more net investor money so far.
How do the fees of CTBE and HEWB compare?
CTBE has an expense ratio of 0.23%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of CTBE and HEWB?
CTBE's largest holdings include Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14), Province of Ontario, 1.55% 1nov2029, CAD (DMTN251), and Nestle Holdings, 2.192% 26jan2029, CAD (114). HEWB's top holdings include TORONTO DOMINION, BNS, and CDN IMPERIAL BK.
Which ETF is more diversified: CTBE or HEWB?
CTBE holds 25 securities, while HEWB holds 6. On holdings count, CTBE is the more diversified portfolio.
Recent articles about CTBE and HEWB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
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.