VS
When evaluating costs, TCSH features a management fee (MER) of 0.15%, compared to 0.28% for HEWB. Performance-wise, TCSH has returned 1.51% year-to-date with +$823 M in net flows, whereas HEWB is at 29.66% with +$32 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
TCSH
HEWB
| AuM | $1,333.33 M | $347.30 M |
| Management Fees | 0.15% | 0.28% |
| Exp. ratio | 0.16% | 0.28% |
| Tracking Difference | - | -0.74% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TCSH | +0.16% | +0.56% | +1.51% | +2.08% | - |
HEWB | -4.73% | +2.30% | +29.66% | +48.04% | +151.82% | |
| Flows | TCSH | +$66 M | +$247 M | +$823 M | +$922 M | - |
HEWB | +$6 M | +$18 M | +$32 M | +$32 M | +$39 M |
TCSH vs HEWB exposure
Countries
TCSH
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
TCSH
Exposure data will be available soon
HEWB
Finance
100.00%
As of September 16, 2026
Top 10 Holdings
TCSH
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
TCSH
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
TCSH
HEWB
| Provider | TD Asset Management | 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 | 2.14% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 27, 2024 | January 23, 2019 |
Frequently asked questions about TCSH and HEWB
Which ETF has performed better year to date: TCSH or HEWB?
As of September 16, 2026, TCSH has returned 1.51% year to date, while HEWB has returned 29.66%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: TCSH or HEWB?
As of September 16, 2026, TCSH manages $1.33 B in assets, while HEWB manages $347.30 M. TCSH is the larger fund by AUM.
How are TCSH and HEWB managed?
TCSH is actively managed by TD Asset Management. 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: TCSH or HEWB?
Year to date, TCSH has seen +$822.60 M in net flows, compared with +$32.44 M for HEWB. TCSH has attracted more net investor money so far.
How do the fees of TCSH and HEWB compare?
TCSH has an expense ratio of 0.16%, while HEWB has an expense ratio of 0.28%.
Recent articles about TCSH 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.