VS
When evaluating costs, QXM features a management fee (MER) of 0.5%, compared to 0.28% for HEWB. Performance-wise, QXM has returned 9.29% year-to-date with +$2 M in net flows, whereas HEWB is at 27.92% 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
QXM
HEWB
| AuM | $94.74 M | $337.15 M |
| Management Fees | 0.50% | 0.28% |
| Exp. ratio | 0.57% | 0.28% |
| Tracking Difference | -0.17% | -0.82% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QXM | +2.00% | +6.46% | +9.29% | +21.12% | +66.56% |
HEWB | -3.97% | +6.81% | +27.92% | +56.97% | +153.07% | |
| Flows | QXM | +$0 M | +$0 M | +$2 M | -$2 M | -$8 M |
HEWB | +$4 M | +$15 M | +$27 M | +$26 M | +$33 M |
QXM vs HEWB exposure
Countries
QXM
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
QXM
Exposure data will be available soon
HEWB
Finance
100.00%
As of August 21, 2026
Top 10 Holdings
QXM
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
QXM
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
QXM
HEWB
| Provider | CI | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar National Bank Quebec Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 0.98% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2012 | January 23, 2019 |
Frequently asked questions about QXM and HEWB
Which ETF has performed better year to date: QXM or HEWB?
As of August 21, 2026, QXM has returned 9.29% year to date, while HEWB has returned 27.92%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: QXM or HEWB?
As of August 21, 2026, QXM manages $94.74 M in assets, while HEWB manages $337.15 M. HEWB is the larger fund by AUM.
How are QXM and HEWB managed?
QXM is passively managed by CI. It tracks the Morningstar National Bank Quebec Total Return Index - CAD benchmark. 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: QXM or HEWB?
Year to date, QXM has seen +$1.95 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 QXM and HEWB compare?
QXM has an expense ratio of 0.57%, while HEWB has an expense ratio of 0.28%.
Recent articles about QXM and HEWB
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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.