VS
When evaluating costs, VMO features a management fee (MER) of 0.35%, compared to 0.28% for HEWB. Performance-wise, VMO has returned 17.15% year-to-date with +$125 M in net flows, whereas HEWB is at 32.69% 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
VMO
HEWB
| AuM | $470.53 M | $349.73 M |
| Management Fees | 0.35% | 0.28% |
| Exp. ratio | 0.38% | 0.28% |
| Tracking Difference | - | -0.82% |
Historical performance and flows
As of July 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VMO | -6.99% | +0.59% | +17.15% | +29.99% | +101.04% |
HEWB | +1.93% | +15.92% | +32.69% | +68.13% | +146.31% | |
| Flows | VMO | +$15 M | +$61 M | +$125 M | +$148 M | +$255 M |
HEWB | +$7 M | +$15 M | +$27 M | +$26 M | +$35 M |
VMO vs HEWB exposure
Countries
VMO
Exposure data will be available soon
HEWB
Canada
100.00%
Sectors
VMO
Exposure data will be available soon
HEWB
Finance
100.00%
As of July 31, 2026
Top 10 Holdings
VMO
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
VMO
Exposure data will be available soon
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
VMO
HEWB
| Provider | Vanguard | 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 | 0.73% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | June 22, 2016 | January 23, 2019 |
Frequently asked questions about VMO and HEWB
Which ETF has performed better year to date: VMO or HEWB?
As of July 31, 2026, VMO has returned 17.15% year to date, while HEWB has returned 32.69%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: VMO or HEWB?
As of July 31, 2026, VMO manages $470.53 M in assets, while HEWB manages $349.73 M. VMO is the larger fund by AUM.
How are VMO and HEWB managed?
VMO is actively managed by Vanguard. 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: VMO or HEWB?
Year to date, VMO has seen +$124.78 M in net flows, compared with +$26.84 M for HEWB. VMO has attracted more net investor money so far.
How do the fees of VMO and HEWB compare?
VMO has an expense ratio of 0.38%, while HEWB has an expense ratio of 0.28%.
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