VS
When evaluating costs, MKB features a management fee (MER) of 0.4%, compared to 0.28% for HEWB. Performance-wise, MKB has returned 1.23% year-to-date with +$59 M in net flows, whereas HEWB is at 29.66% 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
MKB
HEWB
| AuM | $914.92 M | $347.30 M |
| Management Fees | 0.40% | 0.28% |
| Exp. ratio | 0.45% | 0.28% |
| Tracking Difference | - | -0.74% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MKB | -1.28% | -2.94% | -1.23% | -1.40% | +12.81% |
HEWB | -4.73% | +2.30% | +29.66% | +48.04% | +151.82% | |
| Flows | MKB | +$9 M | +$35 M | +$59 M | +$81 M | +$388 M |
HEWB | +$6 M | +$18 M | +$32 M | +$32 M | +$39 M |
MKB vs HEWB exposure
Countries
MKB
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
MKB
Exposure data will be available soon
HEWB
Finance
100.00%
As of September 15, 2026
Top 10 Holdings
MKB
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
MKB
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
MKB
HEWB
| Provider | Mackenzie Investments | 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 | 3.42% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | April 19, 2016 | January 23, 2019 |
Frequently asked questions about MKB and HEWB
Which ETF has performed better year to date: MKB or HEWB?
As of September 15, 2026, MKB has returned -1.23% year to date, while HEWB has returned 29.66%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: MKB or HEWB?
As of September 15, 2026, MKB manages $914.92 M in assets, while HEWB manages $347.30 M. MKB is the larger fund by AUM.
How are MKB and HEWB managed?
MKB is actively managed by Mackenzie Investments. 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.
Which ETF is attracting more investor flows: MKB or HEWB?
Year to date, MKB has seen +$59.27 M in net flows, compared with +$32.44 M for HEWB. MKB has attracted more net investor money so far.
How do the fees of MKB and HEWB compare?
MKB has an expense ratio of 0.45%, while HEWB has an expense ratio of 0.28%.
Recent articles about MKB and HEWB
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