VS
When evaluating costs, FMNA features a management fee (MER) of 1.15%, compared to 0.28% for HEWB. Performance-wise, FMNA has returned 3.78% year-to-date with -$2 M in net flows, whereas HEWB is at 23.85% 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
FMNA
HEWB
| AuM | $2.24 M | $314.36 M |
| Management Fees | 1.15% | 0.28% |
| Exp. ratio | 1.50% | 0.28% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FMNA | +1.23% | +2.17% | +3.78% | +4.90% | - |
HEWB | +7.78% | +20.30% | +23.85% | +66.26% | +144.76% | |
| Flows | FMNA | -$0 M | -$2 M | -$2 M | -$2 M | - |
HEWB | +$2 M | +$10 M | +$14 M | +$11 M | +$16 M |
FMNA vs HEWB exposure
Countries
FMNA
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
FMNA
Exposure data will be available soon
HEWB
Financials
99.99%
As of June 11, 2026
Top 10 Holdings
FMNA
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
FMNA
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
FMNA
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 | February 1, 2024 | January 23, 2019 |
Frequently asked questions about FMNA and HEWB
Which ETF has performed better year to date: FMNA or HEWB?
As of June 11, 2026, FMNA has returned 3.78% year to date, while HEWB has returned 23.85%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: FMNA or HEWB?
As of June 11, 2026, FMNA manages $2.24 M in assets, while HEWB manages $314.36 M. HEWB is the larger fund by AUM.
How are FMNA and HEWB managed?
FMNA 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: FMNA or HEWB?
Year to date, FMNA has seen -$2.16 M in net flows, compared with +$14.05 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of FMNA and HEWB compare?
FMNA has an expense ratio of 1.50%, while HEWB has an expense ratio of 0.28%.
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