VS
When evaluating costs, TERM features a management fee (MER) of 0.2%, compared to 0.28% for HEWB. Performance-wise, TERM has returned 1.43% year-to-date with +$387 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
TERM
HEWB
| AuM | $836.65 M | $353.97 M |
| Management Fees | 0.20% | 0.28% |
| Exp. ratio | 0.22% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TERM | +0.03% | +0.71% | +1.43% | +3.72% | +18.76% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | TERM | +$40 M | +$172 M | +$387 M | +$453 M | +$476 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
TERM vs HEWB exposure
Countries
TERM
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
TERM
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
TERM
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
TERM
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
TERM
HEWB
| Provider | Manulife Investments | 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 | 3.34% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 10, 2020 | January 23, 2019 |
Frequently asked questions about TERM and HEWB
Which ETF has performed better year to date: TERM or HEWB?
As of July 17, 2026, TERM has returned 1.43% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: TERM or HEWB?
As of July 17, 2026, TERM manages $836.65 M in assets, while HEWB manages $353.97 M. TERM is the larger fund by AUM.
How are TERM and HEWB managed?
TERM is actively managed by Manulife Investments. 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: TERM or HEWB?
Year to date, TERM has seen +$386.77 M in net flows, compared with +$23.13 M for HEWB. TERM has attracted more net investor money so far.
How do the fees of TERM and HEWB compare?
TERM has an expense ratio of 0.22%, while HEWB has an expense ratio of 0.28%.
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