VS
When evaluating costs, GIQG features a management fee (MER) of 0.65%, compared to 0.28% for HEWB. Performance-wise, GIQG has returned 4.83% year-to-date with -$0 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
GIQG
HEWB
| AuM | $7.75 M | $314.36 M |
| Management Fees | 0.65% | 0.28% |
| Exp. ratio | 0.82% | 0.28% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | GIQG | -1.15% | +6.40% | +4.83% | +13.55% | +62.57% |
HEWB | +7.78% | +20.30% | +23.85% | +66.26% | +144.76% | |
| Flows | GIQG | -$0 M | -$0 M | -$0 M | -$1 M | -$2 M |
HEWB | +$2 M | +$10 M | +$14 M | +$11 M | +$16 M |
GIQG vs HEWB exposure
Countries
GIQG
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
GIQG
Exposure data will be available soon
HEWB
Financials
99.99%
As of June 11, 2026
Top 10 Holdings
GIQG
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
GIQG
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
GIQG
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 | 0.02% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | August 11, 2020 | January 23, 2019 |
Frequently asked questions about GIQG and HEWB
Which ETF has performed better year to date: GIQG or HEWB?
As of June 11, 2026, GIQG has returned 4.83% year to date, while HEWB has returned 23.85%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: GIQG or HEWB?
As of June 11, 2026, GIQG manages $7.75 M in assets, while HEWB manages $314.36 M. HEWB is the larger fund by AUM.
How are GIQG and HEWB managed?
GIQG 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: GIQG or HEWB?
Year to date, GIQG has seen -$0.05 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 GIQG and HEWB compare?
GIQG has an expense ratio of 0.82%, while HEWB has an expense ratio of 0.28%.
Recent articles about GIQG 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.