VS
When evaluating costs, FMPB features a management fee (MER) of 0.8%, compared to 0.28% for HEWB. Performance-wise, FMPB has returned 11.35% year-to-date with +$15 M in net flows, whereas HEWB is at 29.16% with +$29 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
FMPB
HEWB
| AuM | $18.25 M | $342.43 M |
| Management Fees | 0.80% | 0.28% |
| Exp. ratio | 0.80% | 0.28% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FMPB | +0.95% | +0.36% | +11.35% | - | - |
HEWB | -0.39% | -5.12% | +29.16% | +44.88% | +164.41% | |
| Flows | FMPB | +$3 M | -$7 M | +$15 M | - | - |
HEWB | -$3 M | +$6 M | +$29 M | +$28 M | +$35 M |
FMPB vs HEWB exposure
Countries
FMPB
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
FMPB
Exposure data will be available soon
HEWB
Finance
100.00%
As of October 16, 2026
Top 10 Holdings
FMPB
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
FMPB
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
FMPB
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 | - | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 1, 2025 | January 23, 2019 |
Frequently asked questions about FMPB and HEWB
Which ETF has performed better year to date: FMPB or HEWB?
As of October 16, 2026, FMPB has returned 11.35% year to date, while HEWB has returned 29.16%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: FMPB or HEWB?
As of October 16, 2026, FMPB manages $18.25 M in assets, while HEWB manages $342.43 M. HEWB is the larger fund by AUM.
How are FMPB and HEWB managed?
FMPB 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: FMPB or HEWB?
Year to date, FMPB has seen +$15.43 M in net flows, compared with +$28.98 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of FMPB and HEWB compare?
FMPB has an expense ratio of 0.80%, while HEWB has an expense ratio of 0.28%.
Recent articles about FMPB and HEWB
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