VS
Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) and Harvest Premium Yield Canadian Bank ETF (HPYB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HEWB focuses its top 3 sector exposures on Financials, while HPYB leans towards Financials. When evaluating costs, HEWB features a management fee (MER) of 0.28%, compared to 0.65% for HPYB. 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
HPYB
| AuM | $285.91 M | $30.51 M |
| Management Fees | 0.28% | 0.65% |
| Exp. ratio | 0.28% | 0.65% |
| Tracking Difference | -0.80% | - |
Historical performance and flows
As of May 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEWB | +8.78% | +10.95% | +13.31% | +63.09% | +117.70% |
HPYB | +4.96% | +6.85% | - | - | - | |
| Flows | HEWB | +$8 M | +$9 M | +$12 M | +$7 M | -$3 M |
HPYB | +$8 M | +$24 M | - | - | - |
HEWB vs HPYB exposure
Countries
HEWB
Canada
99.99%
HPYB
Canada
87.50%
Other
12.50%
Sectors
HEWB
Financials
99.99%
HPYB
Financials
87.50%
Other
12.50%
As of May 5, 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%
HPYB
ROYAL BK CANADA
15.90%
BNS
15.60%
CDN IMPERIAL BK
14.30%
BANK OF MONTREAL
14.10%
TORONTO DOMINION
13.80%
NATIONAL BANK OF CANADA
13.80%
Diversification
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
HPYB
Total weight of top 10 holdings out of 6 total
87.50%
Characteristics
Compare
HEWB
HPYB
| Provider | Global X | Harvest Portfolios Group |
| 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% | - |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2019 | January 21, 2026 |
Frequently asked questions about HEWB and HPYB
Which ETF is larger by assets under management: HEWB or HPYB?
As of May 5, 2026, HEWB manages $285.91 M in assets, while HPYB manages $30.51 M. HEWB is the larger fund by AUM.
How are HEWB and HPYB managed?
HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. HPYB is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do HEWB and HPYB emphasize?
HEWB is most exposed to Financials. HPYB is most exposed to Financials.
How do the fees of HEWB and HPYB compare?
HEWB has an expense ratio of 0.28%, while HPYB has an expense ratio of 0.65%.
What are the top holdings of HEWB and HPYB?
HEWB's largest holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS. HPYB's top holdings include ROYAL BK CANADA, BNS, and CDN IMPERIAL BK.
Which ETF is more diversified: HEWB or HPYB?
HEWB holds 6 securities, while HPYB holds 6. On holdings count, HEWB is the more diversified portfolio.
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