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Global X Growth Asset Allocation ETF (HGRW) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HGRW focuses its top 3 sector exposures on Technology, Finance, and Consumer Non-Cyclicals, while HEWB leans towards Finance. When evaluating costs, HGRW features a management fee (MER) of 0.18%, compared to 0.28% for HEWB. Performance-wise, HGRW has returned 11.97% year-to-date with +$2 M in net flows, whereas HEWB is at 33.21% with +$23 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
HGRW
HEWB
| AuM | $37.46 M | $347.39 M |
| Management Fees | 0.18% | 0.28% |
| Exp. ratio | 0.20% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HGRW | -0.85% | +7.09% | +11.97% | +22.41% | - |
HEWB | +2.45% | +18.29% | +33.21% | +67.83% | +148.49% | |
| Flows | HGRW | +$0 M | +$0 M | +$2 M | +$0 M | - |
HEWB | +$4 M | +$16 M | +$23 M | +$22 M | +$31 M |
HGRW vs HEWB exposure
Countries
HGRW
Other
49.71%
USA
33.36%
Canada
16.00%
HEWB
Canada
100.00%
Sectors
HGRW
Other
49.71%
Technology
17.94%
Finance
11.60%
Other
20.75%
HEWB
Finance
100.00%
As of July 21, 2026
Top 10 Holdings
HGRW
CA37962B1031
19.65%
CA37963J1057
12.39%
CA37961X1069
7.34%
CA37963U1003
5.05%
CA37965A1021
3.93%
NVIDIA Corp.
2.59%
Apple, Inc.
2.27%
Royal Bank of Canada
1.68%
Microsoft Corp.
1.48%
Amazon.com, Inc.
1.27%
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%
Diversification
HGRW
Total weight of top 10 holdings out of 581 total
57.65%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HGRW
HEWB
| Provider | Global X | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.90% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2023 | January 23, 2019 |
Frequently asked questions about HGRW and HEWB
Which ETF has performed better year to date: HGRW or HEWB?
As of July 21, 2026, HGRW has returned 11.97% year to date, while HEWB has returned 33.21%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: HGRW or HEWB?
As of July 21, 2026, HGRW manages $37.46 M in assets, while HEWB manages $347.39 M. HEWB is the larger fund by AUM.
How are HGRW and HEWB managed?
HGRW is actively managed by Global X. It does not track an index. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HGRW and HEWB emphasize?
HGRW is most exposed to Technology, Finance, and Consumer Non-Cyclicals. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: HGRW or HEWB?
Year to date, HGRW has seen +$1.73 M in net flows, compared with +$23.13 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of HGRW and HEWB compare?
HGRW has an expense ratio of 0.20%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of HGRW and HEWB?
HGRW's largest holdings include NVIDIA Corp. and Apple, Inc.. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: HGRW or HEWB?
HGRW holds 567 securities, while HEWB holds 6. On holdings count, HGRW is the more diversified portfolio.
Recent articles about HGRW and HEWB
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