VS
When evaluating costs, SBUL features a management fee (MER) of 0.85%, compared to 0.28% for HEWB. Performance-wise, SBUL has returned 21.02% year-to-date with -$1 M in net flows, whereas HEWB is at 35.73% 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
SBUL
HEWB
| AuM | $0.88 M | $353.97 M |
| Management Fees | 0.85% | 0.28% |
| Exp. ratio | 0.85% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | SBUL | -20.41% | -27.54% | -21.02% | +48.47% | - |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | SBUL | -$0 M | -$0 M | -$1 M | +$0 M | - |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
SBUL vs HEWB exposure
Countries
SBUL
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
SBUL
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 16, 2026
Top 10 Holdings
SBUL
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
SBUL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
SBUL
HEWB
| Provider | Ninepoint Partners | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Commodity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2025 | January 23, 2019 |
Frequently asked questions about SBUL and HEWB
Which ETF has performed better year to date: SBUL or HEWB?
As of July 16, 2026, SBUL has returned -21.02% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: SBUL or HEWB?
As of July 16, 2026, SBUL manages $0.88 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are SBUL and HEWB managed?
SBUL is actively managed by Ninepoint Partners. 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: SBUL or HEWB?
Year to date, SBUL has seen -$0.90 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 SBUL and HEWB compare?
SBUL has an expense ratio of 0.85%, while HEWB has an expense ratio of 0.28%.
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