Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HEWB focuses its top 3 sector exposures on Financials, while BANK leans towards Financials. When evaluating costs, HEWB features a management fee (MER) of 0.28%, compared to 0.6% for BANK. Performance-wise, HEWB has returned 4.17% year-to-date with +$5 M in net flows, whereas BANK is at 2.04% with +$98 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
| AuM | $255.59 M | $917.17 M |
| Management Fees | 0.28% | 0.60% |
| Exp. ratio | 0.28% | 0.83% |
| Tracking Difference | -0.73% | - |
Historical performance and flows
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEWB | +0.87% | +3.05% | +4.17% | +65.45% | +102.30% |
BANK | +2.55% | +0.40% | +2.04% | +51.49% | +61.21% | |
| Flows | HEWB | +$0 M | +$5 M | +$5 M | -$0 M | -$11 M |
BANK | +$22 M | +$94 M | +$98 M | +$403 M | +$737 M |
HEWB vs BANK exposure
Countries
Sectors
Top 10 Holdings
Diversification
Characteristics
| Provider | Global X | Evolve ETFs |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 11.98% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2019 | February 1, 2022 |
Frequently asked questions about HEWB and BANK
Which ETF has performed better year to date: HEWB or BANK?
Which ETF is larger by assets under management: HEWB or BANK?
How are HEWB and BANK managed?
What sectors do HEWB and BANK emphasize?
Which ETF is attracting more investor flows: HEWB or BANK?
How do the fees of HEWB and BANK compare?
What are the top holdings of HEWB and BANK?
Which ETF is more diversified: HEWB or BANK?
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