VS
Purpose Total Return Bond Fund ETF (PBD) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PBD focuses its top 3 sector exposures on Sovereign, Pipelines, and Media, while HEWB leans towards Finance. When evaluating costs, PBD features a management fee (MER) of 0.45%, compared to 0.28% for HEWB. Performance-wise, PBD has returned 0.86% year-to-date with +$1 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
PBD
HEWB
| AuM | $14.70 M | $347.39 M |
| Management Fees | 0.45% | 0.28% |
| Exp. ratio | 0.92% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PBD | -0.27% | +0.49% | +0.86% | +1.94% | +14.47% |
HEWB | +2.45% | +18.29% | +33.21% | +67.83% | +148.49% | |
| Flows | PBD | +$0 M | +$0 M | +$1 M | +$0 M | +$0 M |
HEWB | +$4 M | +$16 M | +$23 M | +$22 M | +$31 M |
PBD vs HEWB exposure
Countries
PBD
Other
45.75%
USA
36.27%
Canada
13.60%
HEWB
Canada
100.00%
Sectors
PBD
Other
45.75%
Other
54.25%
HEWB
Finance
100.00%
As of July 21, 2026
Top 10 Holdings
PBD
CA74642H1010
14.94%
CA74643B1031
5.49%
Canada, Bonds 3.25% 1jun2035, CAD
1.23%
Canada, Bonds 3.25% 1dec2034, CAD
1.18%
Canada, Bonds 3% 1jun2034, CAD
1.11%
Canada, Bonds 1.5% 1dec2031 10Y
0.74%
Canada, Bonds 3.25% 1dec2033, CAD
0.54%
CA135087T537
0.53%
BlackRock Cash Funds - Treasury
0.51%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
0.51%
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
PBD
Total weight of top 10 holdings out of 1,383 total
26.77%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
PBD
HEWB
| Provider | Purpose 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 | 3.98% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | September 4, 2013 | January 23, 2019 |
Frequently asked questions about PBD and HEWB
Which ETF has performed better year to date: PBD or HEWB?
As of July 21, 2026, PBD has returned 0.86% year to date, while HEWB has returned 33.21%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: PBD or HEWB?
As of July 21, 2026, PBD manages $14.70 M in assets, while HEWB manages $347.39 M. HEWB is the larger fund by AUM.
How are PBD and HEWB managed?
PBD is actively managed by Purpose 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.
What sectors do PBD and HEWB emphasize?
PBD is most exposed to Sovereign, Pipelines, and Media. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: PBD or HEWB?
Year to date, PBD has seen +$0.82 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 PBD and HEWB compare?
PBD has an expense ratio of 0.92%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of PBD and HEWB?
PBD's largest holdings include Canada, Bonds 3.25% 1jun2035, CAD and Canada, Bonds 3.25% 1dec2034, CAD. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: PBD or HEWB?
PBD holds 946 securities, while HEWB holds 6. On holdings count, PBD is the more diversified portfolio.
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