VS
Compare Invesco S&P International Developed ESG Index ETF (IICE) vs Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) to find the best fit for your portfolio. IICE provides Finance, Industrials, and Technology exposures, while HEWB is primarily weighted in Finance. When evaluating costs, IICE features a management fee (MER) of 0.25%, compared to 0.28% for HEWB. Performance-wise, IICE has returned 11.93% year-to-date with +$3 M in net flows, whereas HEWB is at 35.73% 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
IICE
HEWB
| AuM | $17.69 M | $353.97 M |
| Management Fees | 0.25% | 0.28% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | 0.29% | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | IICE | -0.82% | +2.80% | +11.93% | +24.94% | +64.54% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | IICE | +$0 M | +$0 M | +$3 M | -$84 M | -$29 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
IICE vs HEWB exposure
Countries
IICE
Other
44.39%
Japan
15.86%
United Kingdom
7.39%
Other
32.36%
HEWB
Canada
100.00%
Sectors
IICE
Other
44.39%
Finance
14.39%
Industrials
8.20%
Technology
8.13%
Other
24.89%
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
IICE
CASHJPY00000
43.92%
ASML Holding NV
2.04%
HSBC Holdings Plc
1.04%
Roche Holding AG
0.96%
Novartis AG
0.94%
AstraZeneca PLC
0.93%
Nestlé SA
0.85%
Shell Plc
0.78%
Siemens AG
0.76%
Toyota Motor Corp.
0.73%
HEWB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
IICE
Total weight of top 10 holdings out of 565 total
52.95%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
IICE
HEWB
| Provider | Invesco | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Developed Ex-North America & Korea LargeMidCap Scored & Screened Index NTR - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 12.76% | 0.00% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 12, 2022 | January 23, 2019 |
Frequently asked questions about IICE and HEWB
Which ETF has performed better year to date: IICE or HEWB?
As of July 17, 2026, IICE has returned 11.93% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: IICE or HEWB?
As of July 17, 2026, IICE manages $17.69 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are IICE and HEWB managed?
IICE is passively managed by Invesco. It tracks the S&P Developed Ex-North America & Korea LargeMidCap Scored & Screened Index NTR - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do IICE and HEWB emphasize?
IICE is most exposed to Finance, Industrials, and Technology. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: IICE or HEWB?
Year to date, IICE has seen +$2.54 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 IICE and HEWB compare?
IICE has an expense ratio of 0.28%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of IICE and HEWB?
IICE's largest holdings include ASML Holding NV and HSBC Holdings Plc. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: IICE or HEWB?
IICE holds 550 securities, while HEWB holds 6. On holdings count, IICE is the more diversified portfolio.
Recent articles about IICE and HEWB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
HEB ETF Spotlight: Hamilton's Newest Addition to its ETF Offering
Meet HEB, Hamilton’s new low-cost Big Six Canadian Bank ETF.
Posted on 5/2/2023 by ETF Market Canada inETFs
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.