VS
Purpose Conservative Income Fund ETF (PRP) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PRP focuses its top 3 sector exposures on Finance, Technology, and Energy, while HEWB leans towards Finance. When evaluating costs, PRP features a management fee (MER) of 0.55%, compared to 0.28% for HEWB. Performance-wise, PRP has returned 4.72% year-to-date with -$0 M in net flows, whereas HEWB is at 30.42% 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
PRP
HEWB
| AuM | $1.03 M | $343.76 M |
| Management Fees | 0.55% | 0.28% |
| Exp. ratio | 0.86% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PRP | +1.20% | +2.75% | +4.72% | +7.93% | +19.30% |
HEWB | -0.46% | +16.54% | +30.42% | +64.32% | +142.10% | |
| Flows | PRP | -$0 M | -$0 M | -$0 M | +$0 M | -$0 M |
HEWB | +$7 M | +$15 M | +$27 M | +$26 M | +$35 M |
PRP vs HEWB exposure
Countries
PRP
USA
40.56%
Other
37.72%
Canada
19.62%
HEWB
Canada
100.00%
Sectors
PRP
Other
37.72%
Finance
12.71%
Other
49.57%
HEWB
Finance
100.00%
As of July 29, 2026
Top 10 Holdings
PRP
CA74642H1010
20.93%
The Toronto-Dominion Bank
1.43%
Canadian Imperial Bank of Commerce
1.15%
Royal Bank of Canada
1.10%
Cisco Systems, Inc.
1.05%
The Bank of Nova Scotia
1.02%
AbbVie, Inc.
0.97%
Manulife Financial Corp.
0.90%
TC Energy Corp.
0.89%
Agnico Eagle Mines Ltd.
0.82%
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
PRP
Total weight of top 10 holdings out of 1,572 total
30.25%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
PRP
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, Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 2.92% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 26, 2016 | January 23, 2019 |
Frequently asked questions about PRP and HEWB
Which ETF has performed better year to date: PRP or HEWB?
As of July 29, 2026, PRP has returned 4.72% year to date, while HEWB has returned 30.42%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: PRP or HEWB?
As of July 29, 2026, PRP manages $1.03 M in assets, while HEWB manages $343.76 M. HEWB is the larger fund by AUM.
How are PRP and HEWB managed?
PRP 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 PRP and HEWB emphasize?
PRP is most exposed to Finance, Technology, and Energy. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: PRP or HEWB?
Year to date, PRP has seen -$0.00 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 PRP and HEWB compare?
PRP has an expense ratio of 0.86%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of PRP and HEWB?
PRP's largest holdings include The Toronto-Dominion Bank and Canadian Imperial Bank of Commerce. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: PRP or HEWB?
PRP holds 1128 securities, while HEWB holds 6. On holdings count, PRP is the more diversified portfolio.
Recent articles about PRP and HEWB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
HEB ETF Spotlight: Hamilton's Newest Addition to its ETF Offering
Meet HEB, Hamilton’s new low-cost Big Six Canadian Bank ETF.
Posted on 5/2/2023 by ETF Market Canada inETFs
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.