VS
Purpose International Enhanced Equity Income Fund (PHW) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PHW focuses its top 3 sector exposures on Finance, Technology, and Healthcare, while HEWB leans towards Finance. When evaluating costs, PHW features a management fee (MER) of 0.8%, compared to 0.28% for HEWB. Performance-wise, PHW has returned 9.9% year-to-date with -$4 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
PHW
HEWB
| AuM | $2.07 M | $347.39 M |
| Management Fees | 0.80% | 0.28% |
| Exp. ratio | 0.96% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PHW | -0.19% | +6.36% | +9.90% | +17.99% | +40.09% |
HEWB | +2.45% | +18.29% | +33.21% | +67.83% | +148.49% | |
| Flows | PHW | -$0 M | -$0 M | -$4 M | -$4 M | -$3 M |
HEWB | +$4 M | +$16 M | +$23 M | +$22 M | +$31 M |
PHW vs HEWB exposure
Countries
PHW
Japan
20.61%
United Kingdom
13.47%
Switzerland
11.27%
Netherlands
9.26%
France
8.37%
Other
8.24%
Other
28.78%
HEWB
Canada
100.00%
Sectors
PHW
Finance
20.65%
Technology
17.61%
Healthcare
13.22%
Industrials
11.92%
Other
8.24%
Non-Energy Materials
7.53%
Other
20.85%
HEWB
Finance
100.00%
As of July 21, 2026
Top 10 Holdings
PHW
ASML Holding NV
8.01%
CA74643B1031
7.91%
Novartis AG
4.01%
BHP Group Ltd.
3.47%
Roche Holding AG
2.55%
Mitsubishi UFJ Financial Group, Inc.
2.46%
GSK Plc
2.34%
Shell Plc
2.04%
ABB Ltd.
2.04%
Takeda Pharmaceutical Co., Ltd.
1.88%
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
PHW
Total weight of top 10 holdings out of 102 total
36.72%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
PHW
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 | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 5.25% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | April 22, 2015 | January 23, 2019 |
Frequently asked questions about PHW and HEWB
Which ETF has performed better year to date: PHW or HEWB?
As of July 21, 2026, PHW has returned 9.90% year to date, while HEWB has returned 33.21%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: PHW or HEWB?
As of July 21, 2026, PHW manages $2.07 M in assets, while HEWB manages $347.39 M. HEWB is the larger fund by AUM.
How are PHW and HEWB managed?
PHW 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 PHW and HEWB emphasize?
PHW is most exposed to Finance, Technology, and Healthcare. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: PHW or HEWB?
Year to date, PHW has seen -$3.83 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 PHW and HEWB compare?
PHW has an expense ratio of 0.96%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of PHW and HEWB?
PHW's largest holdings include ASML Holding NV and Novartis AG. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: PHW or HEWB?
PHW holds 101 securities, while HEWB holds 6. On holdings count, PHW is the more diversified portfolio.
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