VS
When evaluating costs, PBAL features a management fee (MER) of 0.29%, 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
PBAL
HEWB
| AuM | $5.23 M | $345.76 M |
| Management Fees | 0.29% | 0.28% |
| Exp. ratio | 0.29% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PBAL | -1.74% | +3.11% | - | - | - |
HEWB | +1.97% | +16.45% | +32.58% | +67.04% | +147.84% | |
| Flows | PBAL | +$2 M | +$3 M | - | - | - |
HEWB | +$4 M | +$16 M | +$23 M | +$22 M | +$25 M |
PBAL vs HEWB exposure
Countries
PBAL
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
PBAL
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 20, 2026
Top 10 Holdings
PBAL
Exposure data will be available soon
HEWB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
PBAL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
PBAL
HEWB
| Provider | PIMCO | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | - | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2026 | January 23, 2019 |
Frequently asked questions about PBAL and HEWB
Which ETF is larger by assets under management: PBAL or HEWB?
As of July 20, 2026, PBAL manages $5.23 M in assets, while HEWB manages $345.76 M. HEWB is the larger fund by AUM.
How are PBAL and HEWB managed?
PBAL is actively managed by PIMCO. 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.
How do the fees of PBAL and HEWB compare?
PBAL has an expense ratio of 0.29%, while HEWB has an expense ratio of 0.28%.
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