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Fidelity Global Equity+ Fund (FGEP) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FGEP focuses its top 3 sector exposures on Information Technology, Consumer Discretionary, and Consumer Staples, while HEWB leans towards Financials. When evaluating costs, FGEP features a management fee (MER) of 0.9%, compared to 0.28% for HEWB. Performance-wise, FGEP has returned 12.17% year-to-date with +$59 M in net flows, whereas HEWB is at 15.02% 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
FGEP
HEWB
| AuM | $304.96 M | $290.21 M |
| Management Fees | 0.90% | 0.28% |
| Exp. ratio | 1.16% | 0.28% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FGEP | +7.24% | +6.11% | +12.17% | +33.52% | - |
HEWB | +9.67% | +10.04% | +15.02% | +65.38% | +121.08% | |
| Flows | FGEP | +$28 M | +$49 M | +$59 M | +$148 M | - |
HEWB | +$8 M | +$9 M | +$12 M | +$7 M | -$3 M |
FGEP vs HEWB exposure
Countries
FGEP
USA
43.43%
Canada
27.31%
Other
18.62%
Other
10.64%
HEWB
Canada
99.99%
Sectors
FGEP
Other
21.98%
Information Technology
21.54%
Consumer Discretionary
10.34%
Consumer Staples
10.14%
Industrials
9.11%
Other
26.90%
HEWB
Financials
99.99%
As of May 7, 2026
Top 10 Holdings
FGEP
NVIDIA
3.76%
APPLE
3.43%
AMAZON.COM INC
2.90%
METRO
2.25%
MICROSOFT-T
2.03%
META PLATFORMS
1.94%
BROADCOM LIMITED
1.71%
CA01626P1484
1.61%
IMPERIAL BRANDS PLC
1.57%
BCE
1.41%
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
FGEP
Total weight of top 10 holdings out of 206 total
22.61%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
FGEP
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 | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | May 16, 2024 | January 23, 2019 |
Frequently asked questions about FGEP and HEWB
Which ETF has performed better year to date: FGEP or HEWB?
As of May 7, 2026, FGEP has returned 12.17% year to date, while HEWB has returned 15.02%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: FGEP or HEWB?
As of May 7, 2026, FGEP manages $304.96 M in assets, while HEWB manages $290.21 M. FGEP is the larger fund by AUM.
How are FGEP and HEWB managed?
FGEP 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.
What sectors do FGEP and HEWB emphasize?
FGEP is most exposed to Information Technology, Consumer Discretionary, and Consumer Staples. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: FGEP or HEWB?
Year to date, FGEP has seen +$59.15 M in net flows, compared with +$12.19 M for HEWB. FGEP has attracted more net investor money so far.
How do the fees of FGEP and HEWB compare?
FGEP has an expense ratio of 1.16%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of FGEP and HEWB?
FGEP's largest holdings include NVIDIA and APPLE. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: FGEP or HEWB?
FGEP holds 197 securities, while HEWB holds 6. On holdings count, FGEP is the more diversified portfolio.
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