VS
When evaluating costs, FGEB features a management fee (MER) of 0.85%, compared to 0.28% for HEWB. Performance-wise, FGEB has returned 13.18% year-to-date with +$10 M in net flows, whereas HEWB is at 30.13% with +$38 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
FGEB
HEWB
| AuM | $35.35 M | $354.13 M |
| Management Fees | 0.85% | 0.28% |
| Exp. ratio | 1.06% | 0.28% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FGEB | +0.79% | +3.33% | +13.18% | +13.70% | - |
HEWB | +0.69% | -1.19% | +30.13% | +44.55% | +179.62% | |
| Flows | FGEB | +$1 M | +$4 M | +$10 M | +$12 M | - |
HEWB | +$6 M | +$11 M | +$38 M | +$37 M | +$42 M |
FGEB vs HEWB exposure
Countries
FGEB
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
FGEB
Exposure data will be available soon
HEWB
Finance
100.00%
As of October 23, 2026
Top 10 Holdings
FGEB
Exposure data will be available soon
HEWB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
FGEB
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FGEB
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 | 1.35% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | May 16, 2024 | January 23, 2019 |
Frequently asked questions about FGEB and HEWB
Which ETF has performed better year to date: FGEB or HEWB?
As of October 23, 2026, FGEB has returned 13.18% year to date, while HEWB has returned 30.13%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: FGEB or HEWB?
As of October 23, 2026, FGEB manages $35.35 M in assets, while HEWB manages $354.13 M. HEWB is the larger fund by AUM.
How are FGEB and HEWB managed?
FGEB 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: FGEB or HEWB?
Year to date, FGEB has seen +$10.07 M in net flows, compared with +$38.16 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of FGEB and HEWB compare?
FGEB has an expense ratio of 1.06%, while HEWB has an expense ratio of 0.28%.
Recent articles about FGEB 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.