VS
When evaluating costs, MSTE features a management fee (MER) of 0.4%, compared to 0.28% for HEWB. Performance-wise, MSTE has returned 35.63% year-to-date with +$251 M in net flows, whereas HEWB is at 22.28% with +$12 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
MSTE
HEWB
| AuM | $345.92 M | $308.67 M |
| Management Fees | 0.40% | 0.28% |
| Exp. ratio | 0.40% | 0.28% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MSTE | -45.28% | -29.25% | -35.63% | -77.54% | - |
HEWB | +6.42% | +18.57% | +22.28% | +63.37% | +141.65% | |
| Flows | MSTE | +$72 M | +$150 M | +$251 M | +$888 M | - |
HEWB | +$0 M | +$8 M | +$12 M | +$10 M | +$14 M |
MSTE vs HEWB exposure
Countries
MSTE
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
MSTE
Exposure data will be available soon
HEWB
Financials
99.99%
As of June 10, 2026
Top 10 Holdings
MSTE
Exposure data will be available soon
HEWB
ROYAL BK CANADA
17.10%
TORONTO DOMINION
16.90%
BNS
16.65%
BANK OF MONTREAL
16.51%
CDN IMPERIAL BK
16.48%
NATIONAL BANK OF CANADA
16.35%
Diversification
MSTE
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
MSTE
HEWB
| Provider | Harvest Portfolios Group | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 157.09% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | March 5, 2025 | January 23, 2019 |
Frequently asked questions about MSTE and HEWB
Which ETF has performed better year to date: MSTE or HEWB?
As of June 10, 2026, MSTE has returned -35.63% year to date, while HEWB has returned 22.28%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: MSTE or HEWB?
As of June 10, 2026, MSTE manages $345.92 M in assets, while HEWB manages $308.67 M. MSTE is the larger fund by AUM.
How are MSTE and HEWB managed?
MSTE is actively managed by Harvest Portfolios Group. 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: MSTE or HEWB?
Year to date, MSTE has seen +$251.05 M in net flows, compared with +$12.32 M for HEWB. MSTE has attracted more net investor money so far.
How do the fees of MSTE and HEWB compare?
MSTE has an expense ratio of 0.40%, while HEWB has an expense ratio of 0.28%.
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