VS
NBI U.S. Equity Index Fund - ETF Series (NBUX) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that NBUX focuses its top 3 sector exposures on Information Technology, Communication Services, and Financials, while HEWB leans towards Financials. When evaluating costs, NBUX features a management fee (MER) of 0.05%, compared to 0.28% for HEWB. 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
NBUX
HEWB
| AuM | $1.02 M | $291.98 M |
| Management Fees | 0.05% | 0.28% |
| Exp. ratio | 0.05% | 0.28% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of May 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NBUX | - | - | - | - | - |
HEWB | +3.40% | +12.19% | +15.71% | +59.85% | +120.40% | |
| Flows | NBUX | - | - | - | - | - |
HEWB | +$5 M | +$9 M | +$12 M | +$7 M | -$3 M |
NBUX vs HEWB exposure
Countries
NBUX
USA
96.78%
HEWB
Canada
99.99%
Sectors
NBUX
Information Technology
33.67%
Communication Services
10.33%
Financials
10.22%
Consumer Discretionary
10.01%
Health Care
9.38%
Industrials
8.46%
Other
17.94%
HEWB
Financials
99.99%
As of May 15, 2026
Top 10 Holdings
NBUX
NVIDIA
7.18%
APPLE
6.54%
MICROSOFT-T
4.83%
AMAZON.COM INC
3.59%
ALPHABET INC-CL
2.94%
ALPHABET INC-CL
2.55%
BROADCOM LIMITED
2.53%
META PLATFORMS
2.20%
TESLA
1.84%
BERKSHIRE HATHWAY
1.55%
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
NBUX
Total weight of top 10 holdings out of 536 total
35.75%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
NBUX
HEWB
| Provider | National Bank Investments | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar US Large-Mid Cap Index PR - USD | 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 | May 12, 2026 | January 23, 2019 |
Frequently asked questions about NBUX and HEWB
Which ETF is larger by assets under management: NBUX or HEWB?
As of May 15, 2026, NBUX manages $1.02 M in assets, while HEWB manages $291.98 M. HEWB is the larger fund by AUM.
How are NBUX and HEWB managed?
NBUX is passively managed by National Bank Investments. It tracks the Morningstar US Large-Mid Cap Index PR - USD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do NBUX and HEWB emphasize?
NBUX is most exposed to Information Technology, Communication Services, and Financials. HEWB is most exposed to Financials.
How do the fees of NBUX and HEWB compare?
NBUX has an expense ratio of 0.05%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of NBUX and HEWB?
NBUX's largest holdings include NVIDIA, APPLE, and ALPHABET INC-CL. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: NBUX or HEWB?
NBUX holds 497 securities, while HEWB holds 6. On holdings count, NBUX is the more diversified portfolio.
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