VS
When evaluating costs, TDB features a management fee (MER) of 0.08%, compared to 0.28% for HEWB. Performance-wise, TDB has returned 1.23% year-to-date with +$1 B 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
TDB
HEWB
| AuM | $4,093.22 M | $353.97 M |
| Management Fees | 0.08% | 0.28% |
| Exp. ratio | 0.08% | 0.28% |
| Tracking Difference | -0.06% | -0.83% |
Historical performance and flows
As of July 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TDB | -0.60% | +0.83% | +1.23% | +4.15% | +13.30% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | TDB | +$212 M | +$569 M | +$1,255 M | +$1,877 M | +$3,099 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
TDB vs HEWB exposure
Countries
TDB
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
TDB
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 16, 2026
Top 10 Holdings
TDB
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
TDB
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
TDB
HEWB
| Provider | TD Asset Management | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Broad Canadian Bond Universe GTR Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 3.49% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | March 22, 2016 | January 23, 2019 |
Frequently asked questions about TDB and HEWB
Which ETF has performed better year to date: TDB or HEWB?
As of July 16, 2026, TDB has returned 1.23% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: TDB or HEWB?
As of July 16, 2026, TDB manages $4.09 B in assets, while HEWB manages $353.97 M. TDB is the larger fund by AUM.
How are TDB and HEWB managed?
TDB is passively managed by TD Asset Management. It tracks the Solactive Broad Canadian Bond Universe 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: TDB or HEWB?
Year to date, TDB has seen +$1,254.94 M in net flows, compared with +$23.13 M for HEWB. TDB has attracted more net investor money so far.
How do the fees of TDB and HEWB compare?
TDB has an expense ratio of 0.08%, while HEWB has an expense ratio of 0.28%.
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