VS
When evaluating costs, NSSB features a management fee (MER) of 0.25%, compared to 0.28% for HEWB. Performance-wise, NSSB has returned 0.37% year-to-date with -$1 M in net flows, whereas HEWB is at 15.13% 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
NSSB
HEWB
| AuM | $47.06 M | $290.50 M |
| Management Fees | 0.25% | 0.28% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of May 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NSSB | -0.01% | -0.81% | -0.37% | +1.61% | +14.51% |
HEWB | +7.89% | +10.14% | +15.13% | +64.53% | +121.30% | |
| Flows | NSSB | +$0 M | -$1 M | -$1 M | +$1 M | +$2 M |
HEWB | +$5 M | +$9 M | +$12 M | +$7 M | -$3 M |
NSSB vs HEWB exposure
Countries
NSSB
Exposure data will be available soon
HEWB
Canada
99.99%
Sectors
NSSB
Exposure data will be available soon
HEWB
Financials
99.99%
As of May 8, 2026
Top 10 Holdings
NSSB
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
NSSB
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
NSSB
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 | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 1.27% | 0.00% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 20, 2022 | January 23, 2019 |
Frequently asked questions about NSSB and HEWB
Which ETF has performed better year to date: NSSB or HEWB?
As of May 8, 2026, NSSB has returned -0.37% year to date, while HEWB has returned 15.13%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: NSSB or HEWB?
As of May 8, 2026, NSSB manages $47.06 M in assets, while HEWB manages $290.50 M. HEWB is the larger fund by AUM.
How are NSSB and HEWB managed?
NSSB 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: NSSB or HEWB?
Year to date, NSSB has seen -$0.52 M in net flows, compared with +$12.19 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of NSSB and HEWB compare?
NSSB has an expense ratio of 0.28%, while HEWB has an expense ratio of 0.28%.
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