VS
When evaluating costs, NBGE features a management fee (MER) of 0.75%, compared to 0.28% for HEWB. Performance-wise, NBGE has returned 7.12% year-to-date with +$7 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
NBGE
HEWB
| AuM | $8.26 M | $353.97 M |
| Management Fees | 0.75% | 0.28% |
| Exp. ratio | 0.75% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NBGE | -0.88% | +4.82% | +7.12% | - | - |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | NBGE | +$1 M | +$6 M | +$7 M | - | - |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
NBGE vs HEWB exposure
Countries
NBGE
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
NBGE
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
NBGE
Exposure data will be available soon
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
NBGE
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
NBGE
HEWB
| Provider | National Bank Investments | 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 | - | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 16, 2025 | January 23, 2019 |
Frequently asked questions about NBGE and HEWB
Which ETF has performed better year to date: NBGE or HEWB?
As of July 17, 2026, NBGE has returned 7.12% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: NBGE or HEWB?
As of July 17, 2026, NBGE manages $8.26 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are NBGE and HEWB managed?
NBGE is actively managed by National Bank 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: NBGE or HEWB?
Year to date, NBGE has seen +$6.90 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 NBGE and HEWB compare?
NBGE has an expense ratio of 0.75%, while HEWB has an expense ratio of 0.28%.
Recent articles about NBGE and HEWB
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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.