VS
Compare Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) vs Global X Equal Weight Canadian Banks Index ETF (HBNK) to find the best fit for your portfolio. HEWB and HBNK provide the same top sector exposures: Financials. When evaluating costs, HEWB features a management fee (MER) of 0.28%, compared to 0.09% for HBNK. Performance-wise, HEWB has returned 21.64% year-to-date with +$12 M in net flows, whereas HBNK is at 21.73% with -$415 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
HEWB
HBNK
| AuM | $307.01 M | $768.47 M |
| Management Fees | 0.28% | 0.09% |
| Exp. ratio | 0.28% | 0.10% |
| Tracking Difference | -0.78% | -0.41% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEWB | +5.66% | +18.78% | +21.64% | +62.64% | +139.85% |
HBNK | +5.68% | +18.79% | +21.73% | +63.01% | - | |
| Flows | HEWB | +$0 M | +$8 M | +$12 M | +$9 M | +$14 M |
HBNK | +$32 M | -$201 M | -$415 M | -$667 M | - |
HEWB vs HBNK exposure
Countries
HEWB
Canada
99.99%
HBNK
Canada
99.93%
Sectors
HEWB
Financials
99.99%
HBNK
Financials
99.93%
As of June 8, 2026
Top 10 Holdings
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%
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%
Diversification
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
HBNK
Total weight of top 10 holdings out of 6 total
99.93%
Characteristics
Compare
HEWB
HBNK
| 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 | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.75% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2019 | July 5, 2023 |
Frequently asked questions about HEWB and HBNK
Which ETF has performed better year to date: HEWB or HBNK?
As of June 8, 2026, HEWB has returned 21.64% year to date, while HBNK has returned 21.73%. HBNK is ahead on YTD performance.
Which ETF is larger by assets under management: HEWB or HBNK?
As of June 8, 2026, HEWB manages $307.01 M in assets, while HBNK manages $768.47 M. HBNK is the larger fund by AUM.
How are HEWB and HBNK managed?
HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HEWB and HBNK emphasize?
HEWB is most exposed to Financials. HBNK is most exposed to Financials.
Which ETF is attracting more investor flows: HEWB or HBNK?
Year to date, HEWB has seen +$12.25 M in net flows, compared with -$414.79 M for HBNK. HEWB has attracted more net investor money so far.
How do the fees of HEWB and HBNK compare?
HEWB has an expense ratio of 0.28%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of HEWB and HBNK?
HEWB's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS. HBNK's top holdings include CDN IMPERIAL BK, TORONTO DOMINION, and NATIONAL BANK OF CANADA.
Which ETF is more diversified: HEWB or HBNK?
HEWB holds 6 securities, while HBNK holds 6. On holdings count, HEWB is the more diversified portfolio.
Recent articles about HEWB and HBNK
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.