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Compare HAMILTON CHAMPIONS Canadian Financials Index ETF (HFN) vs iShares Equal Weight Banc & Lifeco ETF (CEW) to find the best fit for your portfolio. HFN and CEW provide the same top sector exposures: Finance. When evaluating costs, HFN features a management fee (MER) of 0.19%, compared to 0.55% for CEW. Performance-wise, HFN has returned 25.26% year-to-date with +$192 M in net flows, whereas CEW is at 34.02% with -$1 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
HFN
CEW
| AuM | $408.89 M | $429.85 M |
| Management Fees | 0.19% | 0.55% |
| Exp. ratio | 0.04% | 0.61% |
| Tracking Difference | -0.47% | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HFN | +6.30% | +2.17% | +25.26% | +35.02% | - |
CEW | +4.23% | +2.17% | +34.02% | +45.21% | +166.74% | |
| Flows | HFN | +$18 M | +$44 M | +$192 M | +$220 M | - |
CEW | +$4 M | -$12 M | -$1 M | +$6 M | +$7 M |
HFN vs CEW exposure
Countries
HFN
Canada
99.71%
CEW
Canada
99.85%
Sectors
HFN
Finance
99.71%
CEW
Finance
99.85%
As of November 11, 2026
Top 10 Holdings
HFN
Great-West Lifeco, Inc.
9.46%
The Bank of Nova Scotia
9.45%
Bank of Montreal
8.87%
The Toronto-Dominion Bank
8.85%
Royal Bank of Canada
8.82%
Manulife Financial Corp.
8.76%
Sun Life Financial, Inc.
8.71%
Canadian Imperial Bank of Commerce
8.09%
National Bank of Canada
7.72%
Intact Financial Corp.
7.24%
CEW
The Bank of Nova Scotia
10.07%
Royal Bank of Canada
10.07%
The Toronto-Dominion Bank
10.07%
Manulife Financial Corp.
10.06%
Sun Life Financial, Inc.
10.05%
Bank of Montreal
10.03%
Canadian Imperial Bank of Commerce
9.98%
iA Financial Corp., Inc.
9.89%
Great-West Lifeco, Inc.
9.84%
National Bank of Canada
9.79%
Diversification
HFN
Total weight of top 10 holdings out of 12 total
85.97%
CEW
Total weight of top 10 holdings out of 10 total
99.85%
Characteristics
Compare
HFN
CEW
| Provider | Hamilton ETFs | iShares |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Canadian Financials Equal-Weight TR Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.42% | 2.15% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2025 | February 6, 2008 |
Frequently asked questions about HFN and CEW
Which ETF has performed better year to date: HFN or CEW?
As of November 11, 2026, HFN has returned 25.26% year to date, while CEW has returned 34.02%. CEW is ahead on YTD performance.
Which ETF is larger by assets under management: HFN or CEW?
As of November 11, 2026, HFN manages $408.89 M in assets, while CEW manages $429.85 M. CEW is the larger fund by AUM.
How are HFN and CEW managed?
HFN is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Financials Equal-Weight TR Index - CAD benchmark. CEW is actively managed by iShares. It does not track an index.
What sectors do HFN and CEW emphasize?
HFN is most exposed to Finance. CEW is most exposed to Finance.
Which ETF is attracting more investor flows: HFN or CEW?
Year to date, HFN has seen +$192.06 M in net flows, compared with -$0.74 M for CEW. HFN has attracted more net investor money so far.
How do the fees of HFN and CEW compare?
HFN has an expense ratio of 0.04%, while CEW has an expense ratio of 0.61%.
What are the top holdings of HFN and CEW?
HFN's largest holdings include Great-West Lifeco, Inc., The Bank of Nova Scotia, and Bank of Montreal. CEW's top holdings include The Bank of Nova Scotia, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: HFN or CEW?
HFN holds 12 securities, while CEW holds 10. On holdings count, HFN is the more diversified portfolio.
Recent articles about HFN and CEW
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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.