VS
When evaluating costs, FCUL features a management fee (MER) of 0.35%, compared to 0.28% for HEWB. Performance-wise, FCUL has returned 11.51% year-to-date with +$706 M in net flows, whereas HEWB is at 33.31% 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
FCUL
HEWB
| AuM | $2,184.86 M | $351.36 M |
| Management Fees | 0.35% | 0.28% |
| Exp. ratio | 0.39% | 0.28% |
| Tracking Difference | -0.72% | -0.82% |
Historical performance and flows
As of August 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCUL | +0.04% | +8.56% | +11.51% | +12.39% | +49.69% |
HEWB | +0.09% | +15.91% | +33.31% | +67.90% | +154.20% | |
| Flows | FCUL | +$73 M | +$199 M | +$706 M | +$1,132 M | +$1,852 M |
HEWB | +$4 M | +$15 M | +$27 M | +$26 M | +$33 M |
FCUL vs HEWB exposure
Countries
FCUL
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
FCUL
Exposure data will be available soon
HEWB
Finance
100.00%
As of August 7, 2026
Top 10 Holdings
FCUL
Exposure data will be available soon
HEWB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
FCUL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FCUL
HEWB
| Provider | Fidelity | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Fidelity Canada U.S. Low Volatility GTR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.21% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2019 | January 23, 2019 |
Frequently asked questions about FCUL and HEWB
Which ETF has performed better year to date: FCUL or HEWB?
As of August 7, 2026, FCUL has returned 11.51% year to date, while HEWB has returned 33.31%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: FCUL or HEWB?
As of August 7, 2026, FCUL manages $2.18 B in assets, while HEWB manages $351.36 M. FCUL is the larger fund by AUM.
How are FCUL and HEWB managed?
FCUL is passively managed by Fidelity. It tracks the Fidelity Canada U.S. Low Volatility GTR Index - CAD benchmark. 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: FCUL or HEWB?
Year to date, FCUL has seen +$705.91 M in net flows, compared with +$26.84 M for HEWB. FCUL has attracted more net investor money so far.
How do the fees of FCUL and HEWB compare?
FCUL has an expense ratio of 0.39%, while HEWB has an expense ratio of 0.28%.
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