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Compare Global X Equal Weight Canadian Banks Index ETF (HBNK) vs Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) to find the best fit for your portfolio. HBNK and HEWB provide the same top sector exposures: Financials. When evaluating costs, HBNK features a management fee (MER) of 0.09%, compared to 0.28% for HEWB. Performance-wise, HBNK has returned 21.73% year-to-date with -$415 M in net flows, whereas HEWB is at 21.64% with +$12 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
HBNK
HEWB
| AuM | $768.47 M | $307.01 M |
| Management Fees | 0.09% | 0.28% |
| Exp. ratio | 0.10% | 0.28% |
| Tracking Difference | -0.41% | -0.78% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HBNK | +5.68% | +18.79% | +21.73% | +63.01% | - |
HEWB | +5.66% | +18.78% | +21.64% | +62.64% | +139.85% | |
| Flows | HBNK | +$32 M | -$201 M | -$415 M | -$667 M | - |
HEWB | +$0 M | +$8 M | +$12 M | +$9 M | +$14 M |
HBNK vs HEWB exposure
Countries
HBNK
Canada
99.93%
HEWB
Canada
99.99%
Sectors
HBNK
Financials
99.93%
HEWB
Financials
99.99%
As of June 8, 2026
Top 10 Holdings
HBNK
CDN IMPERIAL BK
17.03%
TORONTO DOMINION
16.96%
NATIONAL BANK OF CANADA
16.65%
ROYAL BK CANADA
16.56%
BANK OF MONTREAL
16.46%
BNS
16.27%
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
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
HBNK
HEWB
| Provider | Global X | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 2.75% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | January 23, 2019 |
Frequently asked questions about HBNK and HEWB
Which ETF has performed better year to date: HBNK or HEWB?
As of June 8, 2026, HBNK has returned 21.73% year to date, while HEWB has returned 21.64%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: HBNK or HEWB?
As of June 8, 2026, HBNK manages $768.47 M in assets, while HEWB manages $307.01 M. HBNK is the larger fund by AUM.
How are HBNK and HEWB managed?
HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HBNK and HEWB emphasize?
HBNK is most exposed to Financials. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: HBNK or HEWB?
Year to date, HBNK has seen -$414.79 M in net flows, compared with +$12.25 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of HBNK and HEWB compare?
HBNK has an expense ratio of 0.10%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of HBNK and HEWB?
HBNK's largest holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: HBNK or HEWB?
HBNK holds 6 securities, while HEWB holds 6. On holdings count, HBNK is the more diversified portfolio.
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