VS
When evaluating costs, SAFE features a management fee (MER) of 0.25%, compared to 0.28% for HEWB. Performance-wise, SAFE has returned 22.42% year-to-date with +$6 M in net flows, whereas HEWB is at 32.25% 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
SAFE
HEWB
| AuM | $13.43 M | $348.73 M |
| Management Fees | 0.25% | 0.28% |
| Exp. ratio | 0.16% | 0.28% |
| Tracking Difference | -0.40% | -0.74% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SAFE | -2.78% | +10.82% | +22.42% | +40.13% | - |
HEWB | -0.34% | +10.99% | +32.25% | +55.27% | +160.78% | |
| Flows | SAFE | +$3 M | +$2 M | +$6 M | +$4 M | - |
HEWB | +$0 M | +$15 M | +$27 M | +$26 M | +$33 M |
SAFE vs HEWB exposure
Countries
SAFE
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
SAFE
Exposure data will be available soon
HEWB
Finance
100.00%
As of September 3, 2026
Top 10 Holdings
SAFE
Exposure data will be available soon
HEWB
Royal Bank of Canada
17.39%
Bank of Montreal
17.03%
The Toronto-Dominion Bank
16.96%
The Bank of Nova Scotia
16.51%
Canadian Imperial Bank of Commerce
16.09%
National Bank of Canada
16.03%
Diversification
SAFE
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
SAFE
HEWB
| Provider | Global X | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Mirae Asset Equal Weight Canadian Insurance GTR 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 | 2.69% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 7, 2024 | January 23, 2019 |
Frequently asked questions about SAFE and HEWB
Which ETF has performed better year to date: SAFE or HEWB?
As of September 3, 2026, SAFE has returned 22.42% year to date, while HEWB has returned 32.25%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: SAFE or HEWB?
As of September 3, 2026, SAFE manages $13.43 M in assets, while HEWB manages $348.73 M. HEWB is the larger fund by AUM.
How are SAFE and HEWB managed?
SAFE is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Insurance GTR 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: SAFE or HEWB?
Year to date, SAFE has seen +$5.69 M in net flows, compared with +$26.99 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of SAFE and HEWB compare?
SAFE has an expense ratio of 0.16%, while HEWB has an expense ratio of 0.28%.
Recent articles about SAFE and HEWB
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