VS
When evaluating costs, USCL features a management fee (MER) of 0.65%, compared to 0.28% for HEWB. Performance-wise, USCL has returned 13.41% year-to-date with -$24 M in net flows, whereas HEWB is at 27.92% with +$27 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
USCL
HEWB
| AuM | $244.01 M | $337.15 M |
| Management Fees | 0.65% | 0.28% |
| Exp. ratio | 1.65% | 0.28% |
| Tracking Difference | - | -0.82% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | USCL | -0.58% | +4.25% | +13.41% | +21.34% | +66.35% |
HEWB | -3.97% | +6.81% | +27.92% | +56.97% | +153.07% | |
| Flows | USCL | +$0 M | -$7 M | -$24 M | -$51 M | +$203 M |
HEWB | +$4 M | +$15 M | +$27 M | +$26 M | +$33 M |
USCL vs HEWB exposure
Countries
USCL
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
USCL
Exposure data will be available soon
HEWB
Finance
100.00%
As of August 21, 2026
Top 10 Holdings
USCL
Exposure data will be available soon
HEWB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
USCL
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
USCL
HEWB
| Provider | Global X | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 11.92% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | July 5, 2023 | January 23, 2019 |
Frequently asked questions about USCL and HEWB
Which ETF has performed better year to date: USCL or HEWB?
As of August 21, 2026, USCL has returned 13.41% year to date, while HEWB has returned 27.92%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: USCL or HEWB?
As of August 21, 2026, USCL manages $244.01 M in assets, while HEWB manages $337.15 M. HEWB is the larger fund by AUM.
How are USCL and HEWB managed?
USCL is actively managed by Global X. 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: USCL or HEWB?
Year to date, USCL has seen -$23.81 M in net flows, compared with +$26.84 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of USCL and HEWB compare?
USCL has an expense ratio of 1.65%, while HEWB has an expense ratio of 0.28%.
Recent articles about USCL 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.