VS
When evaluating costs, PFAA features a management fee (MER) of 0.95%, 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
PFAA
HEWB
| AuM | - | $343.76 M |
| Management Fees | 0.95% | 0.28% |
| Exp. ratio | 4.32% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PFAA | - | - | - | - | - |
HEWB | -0.46% | +16.54% | +30.42% | +64.32% | +142.10% | |
| Flows | PFAA | - | - | - | - | - |
HEWB | +$7 M | +$15 M | +$27 M | +$26 M | +$35 M |
PFAA vs HEWB exposure
Countries
PFAA
Exposure data will be available soon
HEWB
Exposure data will be available soon
Sectors
PFAA
Exposure data will be available soon
HEWB
Exposure data will be available soon
As of July 29, 2026
Top 10 Holdings
PFAA
Exposure data will be available soon
HEWB
Exposure data will be available soon
Diversification
PFAA
Exposure data will be available soon
HEWB
Exposure data will be available soon
Characteristics
Compare
PFAA
HEWB
| Provider | Picton Mahoney | 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 |
| Inception Date | May 6, 2022 | January 23, 2019 |
Frequently asked questions about PFAA and HEWB
How do the fees of PFAA and HEWB compare?
PFAA has an expense ratio of 4.32%, while HEWB has an expense ratio of 0.28%.
How are PFAA and HEWB managed?
PFAA is actively managed by Picton Mahoney. 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.
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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.