VS
When evaluating costs, ENCL features a management fee (MER) of 0.85%, compared to 0.28% for HEWB. Performance-wise, ENCL has returned 40.44% year-to-date with -$47 M in net flows, whereas HEWB is at 32.25% with +$27 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
ENCL
HEWB
| AuM | $293.94 M | $348.73 M |
| Management Fees | 0.85% | 0.28% |
| Exp. ratio | 1.86% | 0.28% |
| Tracking Difference | - | -0.74% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ENCL | +2.65% | +2.76% | +40.44% | +47.07% | - |
HEWB | -0.34% | +10.99% | +32.25% | +55.27% | +160.78% | |
| Flows | ENCL | +$5 M | -$0 M | -$47 M | -$9 M | - |
HEWB | +$0 M | +$15 M | +$27 M | +$26 M | +$33 M |
ENCL vs HEWB exposure
Countries
ENCL
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
ENCL
Exposure data will be available soon
HEWB
Finance
100.00%
As of September 3, 2026
Top 10 Holdings
ENCL
Exposure data will be available soon
HEWB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
ENCL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
ENCL
HEWB
| Provider | Global X | 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 | 13.58% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2023 | January 23, 2019 |
Frequently asked questions about ENCL and HEWB
Which ETF has performed better year to date: ENCL or HEWB?
As of September 3, 2026, ENCL has returned 40.44% year to date, while HEWB has returned 32.25%. ENCL is ahead on YTD performance.
Which ETF is larger by assets under management: ENCL or HEWB?
As of September 3, 2026, ENCL manages $293.94 M in assets, while HEWB manages $348.73 M. HEWB is the larger fund by AUM.
How are ENCL and HEWB managed?
ENCL is actively managed by Global X. 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: ENCL or HEWB?
Year to date, ENCL has seen -$46.91 M in net flows, compared with +$26.99 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of ENCL and HEWB compare?
ENCL has an expense ratio of 1.86%, while HEWB has an expense ratio of 0.28%.
Recent articles about ENCL 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.