VS
When evaluating costs, GBFD features a management fee (MER) of 0.2%, compared to 0.28% for HEWB. Performance-wise, GBFD has returned 1.81% year-to-date with -$1 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
GBFD
HEWB
| AuM | $19.68 M | $354.13 M |
| Management Fees | 0.20% | 0.28% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GBFD | +0.20% | +0.52% | +1.81% | +2.10% | - |
HEWB | +0.69% | -1.19% | +30.13% | +44.55% | +179.62% | |
| Flows | GBFD | +$1 M | +$0 M | -$1 M | +$1 M | - |
HEWB | +$6 M | +$11 M | +$38 M | +$37 M | +$42 M |
GBFD vs HEWB exposure
Countries
GBFD
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
GBFD
Exposure data will be available soon
HEWB
Finance
100.00%
As of October 22, 2026
Top 10 Holdings
GBFD
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
GBFD
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
GBFD
HEWB
| Provider | Guardian Capital | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.53% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 9, 2024 | January 23, 2019 |
Frequently asked questions about GBFD and HEWB
Which ETF has performed better year to date: GBFD or HEWB?
As of October 22, 2026, GBFD has returned 1.81% year to date, while HEWB has returned 30.13%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: GBFD or HEWB?
As of October 22, 2026, GBFD manages $19.68 M in assets, while HEWB manages $354.13 M. HEWB is the larger fund by AUM.
How are GBFD and HEWB managed?
GBFD is actively managed by Guardian Capital. 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: GBFD or HEWB?
Year to date, GBFD has seen -$0.85 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 GBFD and HEWB compare?
GBFD has an expense ratio of 0.28%, while HEWB has an expense ratio of 0.28%.
Recent articles about GBFD and HEWB
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.