VS
When evaluating costs, PFMS features a management fee (MER) of 0.95%, compared to 0.28% for HEWB. Performance-wise, PFMS has returned 9.61% year-to-date with +$5 M in net flows, whereas HEWB is at 36.1% with +$27 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
PFMS
HEWB
| AuM | $12.24 M | $358.72 M |
| Management Fees | 0.95% | 0.28% |
| Exp. ratio | 3.28% | 0.28% |
| Tracking Difference | - | -0.82% |
Historical performance and flows
As of August 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PFMS | +2.49% | +3.20% | +9.61% | +17.34% | +47.76% |
HEWB | +0.27% | +17.03% | +36.10% | +67.33% | +166.83% | |
| Flows | PFMS | +$0 M | +$1 M | +$5 M | +$5 M | +$7 M |
HEWB | +$4 M | +$15 M | +$27 M | +$26 M | +$33 M |
PFMS vs HEWB exposure
Countries
PFMS
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
PFMS
Exposure data will be available soon
HEWB
Finance
100.00%
As of August 17, 2026
Top 10 Holdings
PFMS
Exposure data will be available soon
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
PFMS
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
PFMS
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% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2019 | January 23, 2019 |
Frequently asked questions about PFMS and HEWB
Which ETF has performed better year to date: PFMS or HEWB?
As of August 17, 2026, PFMS has returned 9.61% year to date, while HEWB has returned 36.10%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: PFMS or HEWB?
As of August 17, 2026, PFMS manages $12.24 M in assets, while HEWB manages $358.72 M. HEWB is the larger fund by AUM.
How are PFMS and HEWB managed?
PFMS 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.
Which ETF is attracting more investor flows: PFMS or HEWB?
Year to date, PFMS has seen +$4.91 M in net flows, compared with +$26.84 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of PFMS and HEWB compare?
PFMS has an expense ratio of 3.28%, while HEWB has an expense ratio of 0.28%.
Recent articles about PFMS and HEWB
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