VS
Compare Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) vs RBC Canadian Bank Yield Index ETF (RBNK) to find the best fit for your portfolio. HEWB and RBNK provide the same top sector exposures: Financials. When evaluating costs, HEWB features a management fee (MER) of 0.28%, compared to 0.29% for RBNK. Performance-wise, HEWB has returned 4.17% year-to-date with +$5 M in net flows, whereas RBNK is at 4.13% with +$0 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
RBNK
| AuM | $255.59 M | $388.45 M |
| Management Fees | 0.28% | 0.29% |
| Exp. ratio | 0.28% | 0.32% |
| Tracking Difference | -0.73% | 6.59% |
Historical performance and flows
As of April 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HEWB | +0.87% | +3.05% | +4.17% | +65.45% | +102.30% |
RBNK | +0.48% | +2.95% | +4.13% | +64.89% | +102.23% | |
| Flows | HEWB | +$0 M | +$5 M | +$5 M | -$0 M | -$11 M |
RBNK | -$8 M | +$0 M | +$0 M | +$16 M | -$29 M |
HEWB vs RBNK exposure
Countries
HEWB
Canada
99.99%
RBNK
Canada
100.00%
Sectors
HEWB
Financials
99.99%
RBNK
Financials
100.00%
As of April 6, 2026
Top 10 Holdings
HEWB
TORONTO DOMINION
17.51%
BNS
17.08%
CDN IMPERIAL BK
17.02%
ROYAL BK CANADA
16.58%
NATIONAL BANK OF CANADA
15.93%
BANK OF MONTREAL
15.87%
RBNK
BANK OF MONTREAL
25.06%
BNS
24.04%
CDN IMPERIAL BK
17.26%
TORONTO DOMINION
16.47%
NATIONAL BANK OF CANADA
9.24%
ROYAL BK CANADA
7.93%
Diversification
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
RBNK
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HEWB
RBNK
| Provider | Global X | RBC Global Asset Management |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Canada Banks GTR Index - CAD | Solactive Canada Bank Yield Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 3.40% |
| Meets ESG criteria | No | No |
| Inception Date | January 23, 2019 | October 20, 2017 |
Frequently asked questions about HEWB and RBNK
Which ETF has performed better year to date: HEWB or RBNK?
As of April 6, 2026, HEWB has returned 4.17% year to date, while RBNK has returned 4.13%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: HEWB or RBNK?
As of April 6, 2026, HEWB manages $255.59 M in assets, while RBNK manages $388.45 M. RBNK is the larger fund by AUM.
How are HEWB and RBNK managed?
HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark. RBNK is passively managed by RBC Global Asset Management. It tracks the Solactive Canada Bank Yield Index - CAD benchmark.
What sectors do HEWB and RBNK emphasize?
HEWB is most exposed to Financials. RBNK is most exposed to Financials.
Which ETF is attracting more investor flows: HEWB or RBNK?
Year to date, HEWB has seen +$4.56 M in net flows, compared with +$0.10 M for RBNK. HEWB has attracted more net investor money so far.
How do the fees of HEWB and RBNK compare?
HEWB has an expense ratio of 0.28%, while RBNK has an expense ratio of 0.32%.
What are the top holdings of HEWB and RBNK?
HEWB's largest holdings include TORONTO DOMINION, BNS, and CDN IMPERIAL BK. RBNK's top holdings include BANK OF MONTREAL, BNS, and CDN IMPERIAL BK.
Which ETF is more diversified: HEWB or RBNK?
HEWB holds 6 securities, while RBNK holds 6. On holdings count, HEWB is the more diversified portfolio.
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