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Compare NBI Global Private Equity ETF (NGPE) vs Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) to find the best fit for your portfolio. NGPE provides Finance, Industrials, and Non-Corporate exposures, while HEWB is primarily weighted in Finance. When evaluating costs, NGPE features a management fee (MER) of 0.63%, compared to 0.28% for HEWB. Performance-wise, NGPE has returned 9.26% year-to-date with -$42 M in net flows, whereas HEWB is at 33.21% 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
NGPE
HEWB
| AuM | $379.37 M | $347.39 M |
| Management Fees | 0.63% | 0.28% |
| Exp. ratio | 0.59% | 0.28% |
| Tracking Difference | 1.74% | -0.83% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NGPE | +1.70% | -1.52% | -9.26% | -12.90% | +36.78% |
HEWB | +2.45% | +18.29% | +33.21% | +67.83% | +148.49% | |
| Flows | NGPE | +$0 M | +$0 M | -$42 M | -$45 M | -$32 M |
HEWB | +$4 M | +$16 M | +$23 M | +$22 M | +$31 M |
NGPE vs HEWB exposure
Countries
NGPE
USA
45.42%
United Kingdom
24.36%
Sweden
8.73%
Other
21.50%
HEWB
Canada
100.00%
Sectors
NGPE
Finance
93.26%
HEWB
Finance
100.00%
As of July 21, 2026
Top 10 Holdings
NGPE
3i Group Plc
8.18%
Blackstone, Inc.
7.82%
KKR & Co., Inc.
7.47%
Apollo Global Management, Inc.
7.04%
EQT AB
5.31%
Brookfield Asset Management Ltd.
4.92%
CVC Capital Partners Plc
4.45%
Ares Management Corp.
4.43%
T. Rowe Price Group, Inc.
4.36%
Partners Group Holding AG
4.26%
HEWB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
NGPE
Total weight of top 10 holdings out of 69 total
58.24%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
NGPE
HEWB
| Provider | National Bank Investments | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar PitchBook Developed Markets Listed Private Equity Select PI Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.79% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | March 4, 2020 | January 23, 2019 |
Frequently asked questions about NGPE and HEWB
Which ETF has performed better year to date: NGPE or HEWB?
As of July 21, 2026, NGPE has returned -9.26% year to date, while HEWB has returned 33.21%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: NGPE or HEWB?
As of July 21, 2026, NGPE manages $379.37 M in assets, while HEWB manages $347.39 M. NGPE is the larger fund by AUM.
How are NGPE and HEWB managed?
NGPE is passively managed by National Bank Investments. It tracks the Morningstar PitchBook Developed Markets Listed Private Equity Select PI Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do NGPE and HEWB emphasize?
NGPE is most exposed to Finance, Industrials, and Non-Corporate. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: NGPE or HEWB?
Year to date, NGPE has seen -$41.76 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 NGPE and HEWB compare?
NGPE has an expense ratio of 0.59%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of NGPE and HEWB?
NGPE's largest holdings include 3i Group Plc, Blackstone, Inc., and KKR & Co., Inc.. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: NGPE or HEWB?
NGPE holds 69 securities, while HEWB holds 6. On holdings count, NGPE is the more diversified portfolio.
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