VS
When evaluating costs, NTGD features a management fee (MER) of 0.15%, compared to 0.28% for HEWB. Performance-wise, NTGD has returned 0.98% year-to-date with +$7 M in net flows, whereas HEWB is at 28.23% with +$29 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
NTGD
HEWB
| AuM | $8.40 M | $340.04 M |
| Management Fees | 0.15% | 0.28% |
| Exp. ratio | 0.23% | 0.28% |
| Tracking Difference | - | -0.70% |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NTGD | -0.11% | -0.97% | -0.98% | -1.96% | - |
HEWB | -3.83% | -3.29% | +28.23% | +42.92% | +168.60% | |
| Flows | NTGD | +$0 M | +$7 M | +$7 M | +$7 M | - |
HEWB | -$3 M | +$6 M | +$29 M | +$28 M | +$33 M |
NTGD vs HEWB exposure
Countries
NTGD
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
NTGD
Exposure data will be available soon
HEWB
Finance
100.00%
As of October 19, 2026
Top 10 Holdings
NTGD
Exposure data will be available soon
HEWB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
NTGD
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
NTGD
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 | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 16, 2025 | January 23, 2019 |
Frequently asked questions about NTGD and HEWB
Which ETF has performed better year to date: NTGD or HEWB?
As of October 19, 2026, NTGD has returned -0.98% year to date, while HEWB has returned 28.23%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: NTGD or HEWB?
As of October 19, 2026, NTGD manages $8.40 M in assets, while HEWB manages $340.04 M. HEWB is the larger fund by AUM.
How are NTGD and HEWB managed?
NTGD 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: NTGD or HEWB?
Year to date, NTGD has seen +$7.44 M in net flows, compared with +$29.05 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of NTGD and HEWB compare?
NTGD has an expense ratio of 0.23%, while HEWB has an expense ratio of 0.28%.
Recent articles about NTGD and HEWB
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.