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Compare TD Canadian Bank Dividend Index ETF (TBNK) vs iShares Equal Weight Banc & Lifeco ETF (CEW) to find the best fit for your portfolio. TBNK and CEW provide the same top sector exposures: Finance. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.55% for CEW. Performance-wise, TBNK has returned 32.65% year-to-date with -$33 M in net flows, whereas CEW is at 34.06% with +$4 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
TBNK
CEW
| AuM | $301.67 M | $435.41 M |
| Management Fees | 0.25% | 0.55% |
| Exp. ratio | 0.28% | 0.61% |
| Tracking Difference | -0.55% | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +3.35% | +1.17% | +32.65% | +46.68% | +179.12% |
CEW | +3.28% | +3.12% | +34.06% | +47.24% | +180.70% | |
| Flows | TBNK | -$2 M | +$4 M | -$33 M | -$20 M | +$160 M |
CEW | +$5 M | -$5 M | +$4 M | +$14 M | +$12 M |
TBNK vs CEW exposure
Countries
TBNK
Canada
99.73%
CEW
Canada
99.85%
Sectors
TBNK
Finance
99.73%
CEW
Finance
99.85%
As of October 29, 2026
Top 10 Holdings
TBNK
Royal Bank of Canada
28.43%
Canadian Imperial Bank of Commerce
23.84%
National Bank of Canada
17.98%
Bank of Montreal
14.27%
The Toronto-Dominion Bank
9.92%
The Bank of Nova Scotia
5.29%
CEW
The Bank of Nova Scotia
10.07%
Royal Bank of Canada
10.07%
The Toronto-Dominion Bank
10.07%
Manulife Financial Corp.
10.06%
Sun Life Financial, Inc.
10.05%
Bank of Montreal
10.03%
Canadian Imperial Bank of Commerce
9.98%
iA Financial Corp., Inc.
9.89%
Great-West Lifeco, Inc.
9.84%
National Bank of Canada
9.79%
Diversification
TBNK
Total weight of top 10 holdings out of 6 total
99.73%
CEW
Total weight of top 10 holdings out of 10 total
99.85%
Characteristics
Compare
TBNK
CEW
| Provider | TD Asset Management | iShares |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Canadian Bank Dividend Index NTR - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.41% | 2.15% |
| Meets ESG criteria | No | No |
| Inception Date | April 27, 2023 | February 6, 2008 |
Frequently asked questions about TBNK and CEW
Which ETF has performed better year to date: TBNK or CEW?
As of October 29, 2026, TBNK has returned 32.65% year to date, while CEW has returned 34.06%. CEW is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or CEW?
As of October 29, 2026, TBNK manages $301.67 M in assets, while CEW manages $435.41 M. CEW is the larger fund by AUM.
How are TBNK and CEW managed?
TBNK is passively managed by TD Asset Management. It tracks the Solactive Canadian Bank Dividend Index NTR - CAD benchmark. CEW is actively managed by iShares. It does not track an index.
What sectors do TBNK and CEW emphasize?
TBNK is most exposed to Finance. CEW is most exposed to Finance.
Which ETF is attracting more investor flows: TBNK or CEW?
Year to date, TBNK has seen -$33.43 M in net flows, compared with +$4.46 M for CEW. CEW has attracted more net investor money so far.
How do the fees of TBNK and CEW compare?
TBNK has an expense ratio of 0.28%, while CEW has an expense ratio of 0.61%.
What are the top holdings of TBNK and CEW?
TBNK's largest holdings include Royal Bank of Canada, Canadian Imperial Bank of Commerce, and National Bank of Canada. CEW's top holdings include The Bank of Nova Scotia, Royal Bank of Canada, and The Toronto-Dominion Bank.
Which ETF is more diversified: TBNK or CEW?
TBNK holds 6 securities, while CEW holds 10. On holdings count, CEW is the more diversified portfolio.
Recent articles about TBNK and CEW
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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.