INCM
Accelerate Diversified Credit Income Fund

Full INCM fund page
VS
HEWB
Global X Equal Weight Canadian Banks Index Corporate Class ETF

Full HEWB fund page

Accelerate Diversified Credit Income Fund (INCM) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that INCM focuses its top 3 sector exposures on Finance, while HEWB leans towards Finance. When evaluating costs, INCM features a management fee (MER) of 0.75%, compared to 0.28% for HEWB. Performance-wise, INCM has returned 6.47% year-to-date with +$0 M in net flows, whereas HEWB is at 33.31% 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

-4.0-2.00.02.0%Jul 7Jul 14Jul 21Jul 28Aug 5

Key Data

Historical performance and flows

As of August 7, 2026
1M3MYTD1Y3Y
Perf.
INCM
+2.63%-0.48%-6.47%-16.59%-
HEWB
+0.09%+15.91%+33.31%+67.90%+154.20%
Flows
INCM
+$0 M+$0 M+$0 M+$0 M-
HEWB
+$4 M+$15 M+$27 M+$26 M+$33 M

INCM vs HEWB exposure

Countries

INCM
USA
100.00%
HEWB
Canada
100.00%

Sectors

INCM
Finance
100.00%
HEWB
Finance
100.00%
As of August 7, 2026

Top 10 Holdings

INCM
Ares Capital Corp.
10.59%
Golub Capital BDC, Inc.
10.24%
Blue Owl Capital Corp.
9.62%
Morgan Stanley Direct Lending Fund
8.30%
Goldman Sachs BDC, Inc.
7.99%
Carlyle Secured Lending, Inc
7.80%
Blackstone Secured Lending Fund
6.83%
Oaktree Specialty Lending Corp.
5.77%
MidCap Financial Investment Corp
5.69%
FS KKR Capital Corp.
4.89%
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

INCM
Total weight of top 10 holdings out of 20 total
77.71%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%

Characteristics

Compare
INCM
HEWB
ProviderAccelerate Financial TechnologiesGlobal X
ManagementActively managedPassively managed
Benchmark-Solactive Equal Weight Canada Banks GTR Index - CAD
Replication MethodDirect (Physical)
Asset ClassFixed IncomeEquity
Dividend PolicyDistributingCapitalization
Trailing 12m distribution yield1.09%0.00%
Meets ESG criteriaNoNo
Inception DateMay 15, 2024January 23, 2019

Frequently asked questions about INCM and HEWB

Which ETF has performed better year to date: INCM or HEWB?
As of August 7, 2026, INCM has returned -6.47% year to date, while HEWB has returned 33.31%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: INCM or HEWB?
As of August 7, 2026, INCM manages $0.00 M in assets, while HEWB manages $351.36 M. HEWB is the larger fund by AUM.
How are INCM and HEWB managed?
INCM is actively managed by Accelerate Financial Technologies. 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 INCM and HEWB emphasize?
INCM is most exposed to Finance. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: INCM or HEWB?
Year to date, INCM has seen +$0.00 M in net flows, compared with +$26.84 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of INCM and HEWB compare?
INCM has an expense ratio of 1.37%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of INCM and HEWB?
INCM's largest holdings include Ares Capital Corp., Golub Capital BDC, Inc., and Blue Owl Capital Corp.. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: INCM or HEWB?
INCM holds 20 securities, while HEWB holds 6. On holdings count, INCM is the more diversified portfolio.

Recent articles about INCM and HEWB

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