VS
When evaluating costs, NREA features a management fee (MER) of 0.89%, compared to 0.28% for HEWB. Performance-wise, NREA has returned 15.36% year-to-date with +$148 M in net flows, whereas HEWB is at 34.93% with +$38 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
NREA
HEWB
| AuM | $1,952.99 M | $367.20 M |
| Management Fees | 0.89% | 0.28% |
| Exp. ratio | 0.70% | 0.28% |
| Tracking Difference | - | -0.71% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NREA | +5.45% | +3.47% | +15.36% | +12.06% | +57.81% |
HEWB | +5.35% | +1.59% | +34.93% | +45.81% | +176.98% | |
| Flows | NREA | +$14 M | +$93 M | +$148 M | +$199 M | +$252 M |
HEWB | +$9 M | +$11 M | +$38 M | +$38 M | +$34 M |
NREA vs HEWB exposure
Countries
NREA
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
NREA
Exposure data will be available soon
HEWB
Finance
100.00%
As of November 11, 2026
Top 10 Holdings
NREA
Exposure data will be available soon
HEWB
The Bank of Nova Scotia
17.14%
The Toronto-Dominion Bank
16.99%
Bank of Montreal
16.79%
Canadian Imperial Bank of Commerce
16.49%
Royal Bank of Canada
16.45%
National Bank of Canada
16.14%
Diversification
NREA
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
NREA
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% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 8, 2019 | January 23, 2019 |
Frequently asked questions about NREA and HEWB
Which ETF has performed better year to date: NREA or HEWB?
As of November 11, 2026, NREA has returned 15.36% year to date, while HEWB has returned 34.93%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: NREA or HEWB?
As of November 11, 2026, NREA manages $1.95 B in assets, while HEWB manages $367.20 M. NREA is the larger fund by AUM.
How are NREA and HEWB managed?
NREA 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: NREA or HEWB?
Year to date, NREA has seen +$147.90 M in net flows, compared with +$38.16 M for HEWB. NREA has attracted more net investor money so far.
How do the fees of NREA and HEWB compare?
NREA has an expense ratio of 0.70%, while HEWB has an expense ratio of 0.28%.
Recent articles about NREA and HEWB
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