VS
When evaluating costs, PSA features a management fee (MER) of 0.15%, compared to 0.28% for HEWB. Performance-wise, PSA has returned 1.2% year-to-date with -$78 M in net flows, whereas HEWB is at 32.58% 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
PSA
HEWB
| AuM | $3,129.78 M | $345.76 M |
| Management Fees | 0.15% | 0.28% |
| Exp. ratio | 0.17% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PSA | +0.17% | +0.55% | +1.20% | +2.29% | +11.20% |
HEWB | +1.97% | +16.45% | +32.58% | +67.04% | +147.84% | |
| Flows | PSA | +$60 M | +$82 M | -$78 M | -$23 M | -$692 M |
HEWB | +$4 M | +$16 M | +$23 M | +$22 M | +$25 M |
PSA vs HEWB exposure
Countries
PSA
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
PSA
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 20, 2026
Top 10 Holdings
PSA
Exposure data will be available soon
HEWB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
PSA
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
PSA
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 | 2.30% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | October 10, 2013 | January 23, 2019 |
Frequently asked questions about PSA and HEWB
Which ETF has performed better year to date: PSA or HEWB?
As of July 20, 2026, PSA has returned 1.20% year to date, while HEWB has returned 32.58%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: PSA or HEWB?
As of July 20, 2026, PSA manages $3.13 B in assets, while HEWB manages $345.76 M. PSA is the larger fund by AUM.
How are PSA and HEWB managed?
PSA 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.
Which ETF is attracting more investor flows: PSA or HEWB?
Year to date, PSA has seen -$77.65 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 PSA and HEWB compare?
PSA has an expense ratio of 0.17%, while HEWB has an expense ratio of 0.28%.
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