VS
When evaluating costs, FBAL features a management fee (MER) of 0.37%, compared to 0.28% for HEWB. Performance-wise, FBAL has returned 8.26% year-to-date with +$3 B in net flows, whereas HEWB is at 28.79% with +$14 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
FBAL
HEWB
| AuM | $9,338.18 M | $326.90 M |
| Management Fees | 0.37% | 0.28% |
| Exp. ratio | 0.41% | 0.28% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of June 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FBAL | +3.65% | +7.90% | +8.26% | +16.33% | +55.83% |
HEWB | +10.74% | +26.59% | +28.79% | +71.89% | +149.65% | |
| Flows | FBAL | +$398 M | +$1,195 M | +$2,508 M | +$4,992 M | +$7,911 M |
HEWB | +$2 M | +$10 M | +$14 M | +$11 M | +$16 M |
FBAL vs HEWB exposure
Countries
FBAL
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
FBAL
Exposure data will be available soon
HEWB
Financials
99.99%
As of June 18, 2026
Top 10 Holdings
FBAL
Exposure data will be available soon
HEWB
ROYAL BK CANADA
17.10%
TORONTO DOMINION
16.90%
BNS
16.65%
BANK OF MONTREAL
16.51%
CDN IMPERIAL BK
16.48%
NATIONAL BANK OF CANADA
16.35%
Diversification
FBAL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
FBAL
HEWB
| Provider | Fidelity | 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 | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 12, 2021 | January 23, 2019 |
Frequently asked questions about FBAL and HEWB
Which ETF has performed better year to date: FBAL or HEWB?
As of June 18, 2026, FBAL has returned 8.26% year to date, while HEWB has returned 28.79%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: FBAL or HEWB?
As of June 18, 2026, FBAL manages $9.34 B in assets, while HEWB manages $326.90 M. FBAL is the larger fund by AUM.
How are FBAL and HEWB managed?
FBAL is actively managed by Fidelity. 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: FBAL or HEWB?
Year to date, FBAL has seen +$2,508.16 M in net flows, compared with +$14.05 M for HEWB. FBAL has attracted more net investor money so far.
How do the fees of FBAL and HEWB compare?
FBAL has an expense ratio of 0.41%, while HEWB has an expense ratio of 0.28%.
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