VS
Compare Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) vs Hamilton Canadian Bank Equal-Weight Index ETF (HEB) to find the best fit for your portfolio. HEWB and HEB provide the same top sector exposures: Financials. When evaluating costs, HEWB features a management fee (MER) of 0.28%, compared to 0.19% for HEB. Performance-wise, HEWB has returned 21.06% year-to-date with +$12 M in net flows, whereas HEB is at 21.11% with +$49 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
HEB
| AuM | $305.54 M | $1,292.56 M |
| Management Fees | 0.28% | 0.19% |
| Exp. ratio | 0.28% | 0.25% |
| Tracking Difference | -0.80% | -0.39% |
Historical performance and flows
As of May 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEWB | +7.07% | +11.87% | +21.06% | +65.12% | +137.69% |
HEB | +7.07% | +11.87% | +21.11% | +65.52% | +138.40% | |
| Flows | HEWB | +$0 M | +$8 M | +$12 M | +$7 M | +$14 M |
HEB | +$24 M | +$36 M | +$49 M | +$102 M | +$146 M |
HEWB vs HEB exposure
Countries
HEWB
Canada
99.99%
HEB
Canada
100.10%
Sectors
HEWB
Financials
99.99%
HEB
Financials
100.10%
As of May 26, 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%
HEB
TORONTO DOMINION
17.00%
ROYAL BK CANADA
17.00%
BANK OF MONTREAL
16.70%
BNS
16.60%
CDN IMPERIAL BK
16.50%
NATIONAL BANK OF CANADA
16.30%
Diversification
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
HEB
Total weight of top 10 holdings out of 6 total
100.10%
Characteristics
Compare
HEWB
HEB
| Provider | Global X | Hamilton ETFs |
| 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% | 2.77% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2019 | April 3, 2023 |
Frequently asked questions about HEWB and HEB
Which ETF has performed better year to date: HEWB or HEB?
As of May 26, 2026, HEWB has returned 21.06% year to date, while HEB has returned 21.11%. HEB is ahead on YTD performance.
Which ETF is larger by assets under management: HEWB or HEB?
As of May 26, 2026, HEWB manages $305.54 M in assets, while HEB manages $1.29 B. HEB is the larger fund by AUM.
How are HEWB and HEB managed?
HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HEWB and HEB emphasize?
HEWB is most exposed to Financials. HEB is most exposed to Financials.
Which ETF is attracting more investor flows: HEWB or HEB?
Year to date, HEWB has seen +$12.25 M in net flows, compared with +$48.91 M for HEB. HEB has attracted more net investor money so far.
How do the fees of HEWB and HEB compare?
HEWB has an expense ratio of 0.28%, while HEB has an expense ratio of 0.25%.
What are the top holdings of HEWB and HEB?
HEWB's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS. HEB's top holdings include TORONTO DOMINION, ROYAL BK CANADA, and BANK OF MONTREAL.
Which ETF is more diversified: HEWB or HEB?
HEWB holds 6 securities, while HEB holds 6. On holdings count, HEWB is the more diversified portfolio.
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