VS
JPMorgan US Bond Active ETF (JBND) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that JBND focuses its top 3 sector exposures on Sovereign, Finance, and Industrials, while HEWB leans towards Finance. When evaluating costs, JBND features a management fee (MER) of 0.25%, compared to 0.28% for HEWB. Performance-wise, JBND has returned 1.58% year-to-date with +$238 M in net flows, whereas HEWB is at 28.78% with +$32 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
JBND
HEWB
| AuM | $322.02 M | $344.96 M |
| Management Fees | 0.25% | 0.28% |
| Exp. ratio | 0.25% | 0.28% |
| Tracking Difference | - | -0.74% |
Historical performance and flows
As of September 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | JBND | -0.36% | -0.95% | -1.58% | - | - |
HEWB | -3.23% | +4.97% | +28.78% | +49.47% | +156.22% | |
| Flows | JBND | -$0 M | +$64 M | +$238 M | - | - |
HEWB | +$6 M | +$20 M | +$32 M | +$32 M | +$39 M |
JBND vs HEWB exposure
Countries
JBND
Other
50.51%
USA
44.02%
HEWB
Canada
100.00%
Sectors
JBND
Other
50.51%
Sovereign
32.18%
Finance
8.45%
Other
8.87%
HEWB
Finance
100.00%
As of September 9, 2026
Top 10 Holdings
JBND
USA, Notes 3.625% 31aug2029, USD (AC-2029)
1.63%
USA, Notes 3.875% 15aug2034, USD (E-2034)
1.49%
USA, Notes 4% 15feb2034, USD (B-2034)
1.43%
USA, Notes 1.875% 15feb2032, USD (B-2032)
1.40%
USA, Notes 4.25% 31may2033, USD (L-2033)
1.35%
USA, STRIPS 0% 15feb2036, USD (10957D)
1.16%
USA, Notes 4% 31jul2032, USD (N-2032)
0.92%
USA, Notes 4.125% 29feb2032, USD (H-2032)
0.92%
USA, STRIPS 0% 15feb2040, USD (10961D)
0.90%
USA, STRIPS 0% 15aug2037, USD (10774D)
0.86%
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
JBND
Total weight of top 10 holdings out of 1,691 total
12.06%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
JBND
HEWB
| Provider | J.P. Morgan Asset Management | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | - | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2025 | January 23, 2019 |
Frequently asked questions about JBND and HEWB
Which ETF has performed better year to date: JBND or HEWB?
As of September 9, 2026, JBND has returned -1.58% year to date, while HEWB has returned 28.78%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: JBND or HEWB?
As of September 9, 2026, JBND manages $322.02 M in assets, while HEWB manages $344.96 M. HEWB is the larger fund by AUM.
How are JBND and HEWB managed?
JBND is actively managed by J.P. Morgan Asset Management. 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 JBND and HEWB emphasize?
JBND is most exposed to Sovereign, Finance, and Industrials. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: JBND or HEWB?
Year to date, JBND has seen +$238.01 M in net flows, compared with +$32.44 M for HEWB. JBND has attracted more net investor money so far.
How do the fees of JBND and HEWB compare?
JBND has an expense ratio of 0.25%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of JBND and HEWB?
JBND's largest holdings include USA, Notes 3.625% 31aug2029, USD (AC-2029) and USA, Notes 3.875% 15aug2034, USD (E-2034). HEWB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: JBND or HEWB?
JBND holds 601 securities, while HEWB holds 6. On holdings count, JBND is the more diversified portfolio.
Recent articles about JBND and HEWB
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