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Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HSH focuses its top 3 sector exposures on Technology, Finance, and Healthcare, while HEWB leans towards Finance. When evaluating costs, HSH features a management fee (MER) of 0.11%, compared to 0.28% for HEWB. Performance-wise, HSH has returned 11.22% year-to-date with -$25 M in net flows, whereas HEWB is at 30.27% with +$27 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
HSH
HEWB
| AuM | $350.10 M | $343.43 M |
| Management Fees | 0.11% | 0.28% |
| Exp. ratio | 0.11% | 0.28% |
| Tracking Difference | -0.25% | -0.74% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HSH | -0.97% | +0.49% | +11.22% | +18.22% | +67.82% |
HEWB | -1.83% | +8.84% | +30.27% | +54.40% | +156.87% | |
| Flows | HSH | +$0 M | -$2 M | -$25 M | -$26 M | -$50 M |
HEWB | +$0 M | +$15 M | +$27 M | +$26 M | +$33 M |
HSH vs HEWB exposure
Countries
HSH
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
HSH
Exposure data will be available soon
HEWB
Finance
100.00%
As of September 2, 2026
Top 10 Holdings
HSH
Exposure data will be available soon
HEWB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
HSH
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
HSH
HEWB
| Provider | Global X | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P 500 CAD Hedged TR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Indirect | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Capitalization |
| Trailing 12m distribution yield | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 19, 2016 | January 23, 2019 |
Frequently asked questions about HSH and HEWB
Which ETF has performed better year to date: HSH or HEWB?
As of September 2, 2026, HSH has returned 11.22% year to date, while HEWB has returned 30.27%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: HSH or HEWB?
As of September 2, 2026, HSH manages $350.10 M in assets, while HEWB manages $343.43 M. HSH is the larger fund by AUM.
How are HSH and HEWB managed?
HSH is passively managed by Global X. It tracks the S&P 500 CAD Hedged TR Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do HSH and HEWB emphasize?
HSH is most exposed to Technology, Finance, and Healthcare. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: HSH or HEWB?
Year to date, HSH has seen -$24.57 M in net flows, compared with +$26.91 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of HSH and HEWB compare?
HSH has an expense ratio of 0.11%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of HSH and HEWB?
HSH's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. HEWB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: HSH or HEWB?
HSH holds 496 securities, while HEWB holds 6. On holdings count, HSH is the more diversified portfolio.
Recent articles about HSH and HEWB
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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.