VS
When evaluating costs, FCAB features a management fee (MER) of 0.55%, compared to 0.28% for HEWB. Performance-wise, FCAB has returned 0.71% year-to-date with +$205 M in net flows, whereas HEWB is at 21.06% with +$12 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
FCAB
HEWB
| AuM | $719.45 M | $305.54 M |
| Management Fees | 0.55% | 0.28% |
| Exp. ratio | 0.69% | 0.28% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of May 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCAB | +0.03% | -0.26% | +0.71% | +5.68% | - |
HEWB | +7.07% | +11.87% | +21.06% | +65.12% | +137.69% | |
| Flows | FCAB | +$30 M | +$107 M | +$205 M | +$447 M | - |
HEWB | +$0 M | +$8 M | +$12 M | +$7 M | +$14 M |
FCAB vs HEWB exposure
Countries
FCAB
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
FCAB
Exposure data will be available soon
HEWB
Financials
99.99%
As of May 26, 2026
Top 10 Holdings
FCAB
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
FCAB
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
FCAB
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 | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 5.02% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2025 | January 23, 2019 |
Frequently asked questions about FCAB and HEWB
Which ETF has performed better year to date: FCAB or HEWB?
As of May 26, 2026, FCAB has returned 0.71% year to date, while HEWB has returned 21.06%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: FCAB or HEWB?
As of May 26, 2026, FCAB manages $719.45 M in assets, while HEWB manages $305.54 M. FCAB is the larger fund by AUM.
How are FCAB and HEWB managed?
FCAB 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: FCAB or HEWB?
Year to date, FCAB has seen +$204.76 M in net flows, compared with +$12.25 M for HEWB. FCAB has attracted more net investor money so far.
How do the fees of FCAB and HEWB compare?
FCAB has an expense ratio of 0.69%, while HEWB has an expense ratio of 0.28%.
Recent articles about FCAB 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
HEB ETF Spotlight: Hamilton's Newest Addition to its ETF Offering
Meet HEB, Hamilton’s new low-cost Big Six Canadian Bank ETF.
Posted on 5/2/2023 by ETF Market Canada inETFs
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.