VS
When evaluating costs, HCAL features a management fee (MER) of 0.65%, compared to 0.28% for HEWB. Performance-wise, HCAL has returned 36.81% year-to-date with +$8 M in net flows, whereas HEWB is at 29.37% with +$19 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
HCAL
HEWB
| AuM | $1,065.24 M | $333.79 M |
| Management Fees | 0.65% | 0.28% |
| Exp. ratio | 2.08% | 0.28% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of June 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HCAL | +14.00% | +36.30% | +36.81% | +94.59% | +197.51% |
HEWB | +11.25% | +28.70% | +29.37% | +72.77% | +150.79% | |
| Flows | HCAL | +$3 M | +$10 M | +$8 M | +$3 M | -$3 M |
HEWB | +$7 M | +$15 M | +$19 M | +$18 M | +$21 M |
HCAL vs HEWB exposure
Countries
HCAL
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
HCAL
Exposure data will be available soon
HEWB
Financials
99.99%
As of June 19, 2026
Top 10 Holdings
HCAL
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
HCAL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
HCAL
HEWB
| Provider | Hamilton ETFs | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Bank Mean Reversion 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 | 3.15% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 14, 2020 | January 23, 2019 |
Frequently asked questions about HCAL and HEWB
Which ETF has performed better year to date: HCAL or HEWB?
As of June 19, 2026, HCAL has returned 36.81% year to date, while HEWB has returned 29.37%. HCAL is ahead on YTD performance.
Which ETF is larger by assets under management: HCAL or HEWB?
As of June 19, 2026, HCAL manages $1.07 B in assets, while HEWB manages $333.79 M. HCAL is the larger fund by AUM.
How are HCAL and HEWB managed?
HCAL is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Bank Mean Reversion GTR Index - CAD benchmark. 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: HCAL or HEWB?
Year to date, HCAL has seen +$8.23 M in net flows, compared with +$19.45 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of HCAL and HEWB compare?
HCAL has an expense ratio of 2.08%, while HEWB has an expense ratio of 0.28%.
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