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Compare Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) vs HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF (HEB) to find the best fit for your portfolio. HEWB and HEB provide the same top sector exposures: Finance. When evaluating costs, HEWB features a management fee (MER) of 0.28%, compared to 0.19% for HEB. Performance-wise, HEWB has returned 27.92% year-to-date with +$27 M in net flows, whereas HEB is at 28.05% with +$76 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 | $337.15 M | $1,383.72 M |
| Management Fees | 0.28% | 0.19% |
| Exp. ratio | 0.28% | 0.25% |
| Tracking Difference | -0.82% | -0.44% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEWB | -3.97% | +6.81% | +27.92% | +56.97% | +153.07% |
HEB | -3.95% | +6.89% | +28.05% | +57.34% | +153.96% | |
| Flows | HEWB | +$4 M | +$15 M | +$27 M | +$26 M | +$33 M |
HEB | -$26 M | +$35 M | +$76 M | +$124 M | +$146 M |
HEWB vs HEB exposure
Countries
HEWB
Canada
100.00%
HEB
Canada
99.98%
Sectors
HEWB
Finance
100.00%
HEB
Finance
99.98%
As of August 21, 2026
Top 10 Holdings
HEWB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
HEB
The Toronto-Dominion Bank
17.35%
Royal Bank of Canada
17.35%
Bank of Montreal
17.08%
The Bank of Nova Scotia
16.42%
Canadian Imperial Bank of Commerce
15.89%
National Bank of Canada
15.88%
Diversification
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
HEB
Total weight of top 10 holdings out of 6 total
99.98%
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% | 2.71% |
| 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 August 21, 2026, HEWB has returned 27.92% year to date, while HEB has returned 28.05%. HEB is ahead on YTD performance.
Which ETF is larger by assets under management: HEWB or HEB?
As of August 21, 2026, HEWB manages $337.15 M in assets, while HEB manages $1.38 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 Finance. HEB is most exposed to Finance.
Which ETF is attracting more investor flows: HEWB or HEB?
Year to date, HEWB has seen +$26.84 M in net flows, compared with +$75.61 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 The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal. HEB's top holdings include The Toronto-Dominion Bank, Royal Bank of 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.
Recent articles about HEWB and HEB
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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.