VS
When evaluating costs, GCFE features a management fee (MER) of 0.5%, compared to 0.28% for HEWB. Performance-wise, GCFE has returned 10.66% year-to-date with +$9 M in net flows, whereas HEWB is at 32.25% with +$27 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
GCFE
HEWB
| AuM | $28.62 M | $348.73 M |
| Management Fees | 0.50% | 0.28% |
| Exp. ratio | 0.77% | 0.28% |
| Tracking Difference | - | -0.74% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GCFE | -3.58% | +2.61% | +10.66% | +12.72% | - |
HEWB | -0.34% | +10.99% | +32.25% | +55.27% | +160.78% | |
| Flows | GCFE | +$0 M | +$2 M | +$9 M | +$10 M | - |
HEWB | +$0 M | +$15 M | +$27 M | +$26 M | +$33 M |
GCFE vs HEWB exposure
Countries
GCFE
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
GCFE
Exposure data will be available soon
HEWB
Finance
100.00%
As of September 3, 2026
Top 10 Holdings
GCFE
Exposure data will be available soon
HEWB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
GCFE
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
GCFE
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 | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 0.74% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2023 | January 23, 2019 |
Frequently asked questions about GCFE and HEWB
Which ETF has performed better year to date: GCFE or HEWB?
As of September 3, 2026, GCFE has returned 10.66% year to date, while HEWB has returned 32.25%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: GCFE or HEWB?
As of September 3, 2026, GCFE manages $28.62 M in assets, while HEWB manages $348.73 M. HEWB is the larger fund by AUM.
How are GCFE and HEWB managed?
GCFE 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: GCFE or HEWB?
Year to date, GCFE has seen +$8.57 M in net flows, compared with +$26.99 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of GCFE and HEWB compare?
GCFE has an expense ratio of 0.77%, while HEWB has an expense ratio of 0.28%.
Recent articles about GCFE 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.