VS
When evaluating costs, GDIV features a management fee (MER) of 0.35%, compared to 0.28% for HEWB. Performance-wise, GDIV has returned 18.65% year-to-date with +$42 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
GDIV
HEWB
| AuM | $62.50 M | $314.36 M |
| Management Fees | 0.35% | 0.28% |
| Exp. ratio | 0.37% | 0.28% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GDIV | +5.11% | +13.87% | +18.65% | +32.63% | +69.59% |
HEWB | +7.78% | +20.30% | +23.85% | +66.26% | +144.76% | |
| Flows | GDIV | +$10 M | +$24 M | +$42 M | +$47 M | +$52 M |
HEWB | +$2 M | +$10 M | +$14 M | +$11 M | +$16 M |
GDIV vs HEWB exposure
Countries
GDIV
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
GDIV
Exposure data will be available soon
HEWB
Financials
99.99%
As of June 11, 2026
Top 10 Holdings
GDIV
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
GDIV
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
GDIV
HEWB
| Provider | Manulife Investments | 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 | 1.43% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | May 15, 2023 | January 23, 2019 |
Frequently asked questions about GDIV and HEWB
Which ETF has performed better year to date: GDIV or HEWB?
As of June 11, 2026, GDIV has returned 18.65% year to date, while HEWB has returned 23.85%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: GDIV or HEWB?
As of June 11, 2026, GDIV manages $62.50 M in assets, while HEWB manages $314.36 M. HEWB is the larger fund by AUM.
How are GDIV and HEWB managed?
GDIV is actively managed by Manulife Investments. 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: GDIV or HEWB?
Year to date, GDIV has seen +$42.24 M in net flows, compared with +$14.05 M for HEWB. GDIV has attracted more net investor money so far.
How do the fees of GDIV and HEWB compare?
GDIV has an expense ratio of 0.37%, while HEWB has an expense ratio of 0.28%.
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