VS
iShares Core Conservative Balanced ETF (XCNS) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XCNS focuses its top 3 sector exposures on Sovereign, Municipal, and Information Technology, while HEWB leans towards Financials. When evaluating costs, XCNS features a management fee (MER) of 0.18%, compared to 0.28% for HEWB. Performance-wise, XCNS has returned 2.7% year-to-date with +$60 M in net flows, whereas HEWB is at 14.29% with +$12 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
XCNS
HEWB
| AuM | $380.38 M | $288.38 M |
| Management Fees | 0.18% | 0.28% |
| Exp. ratio | 0.19% | 0.28% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCNS | +3.81% | +1.70% | +2.70% | +13.21% | +33.48% |
HEWB | +15.04% | +14.76% | +14.29% | +66.21% | +117.26% | |
| Flows | XCNS | +$13 M | +$42 M | +$60 M | +$140 M | +$239 M |
HEWB | +$8 M | +$9 M | +$12 M | +$7 M | -$3 M |
XCNS vs HEWB exposure
Countries
XCNS
Canada
56.95%
USA
28.62%
Other
14.43%
HEWB
Canada
99.99%
Sectors
XCNS
Other
14.89%
Sovereign
13.64%
Municipal
10.39%
Information Technology
7.90%
Financials
7.51%
Other
45.67%
HEWB
Financials
99.99%
As of April 30, 2026
Top 10 Holdings
XCNS
NVIDIA
1.21%
APPLE
1.06%
MICROSOFT-T
0.78%
ROYAL BK CANADA
0.69%
CA135087T537
0.60%
CA135087T388
0.60%
AMAZON.COM INC
0.58%
Canada, Bonds 3.25% 1jun2035, CAD
0.57%
CA135087T792
0.56%
Canada, Bonds 3% 1jun2034, CAD
0.49%
HEWB
ROYAL BK CANADA
17.10%
TORONTO DOMINION
16.90%
BNS
16.65%
BANK OF MONTREAL
16.51%
CDN IMPERIAL BK
16.48%
NATIONAL BANK OF CANADA
16.35%
Diversification
XCNS
Total weight of top 10 holdings out of 21,721 total
7.14%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XCNS
HEWB
| Provider | iShares | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity, Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 2.56% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | August 7, 2019 | January 23, 2019 |
Frequently asked questions about XCNS and HEWB
Which ETF has performed better year to date: XCNS or HEWB?
As of April 30, 2026, XCNS has returned 2.70% year to date, while HEWB has returned 14.29%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: XCNS or HEWB?
As of April 30, 2026, XCNS manages $380.38 M in assets, while HEWB manages $288.38 M. XCNS is the larger fund by AUM.
How are XCNS and HEWB managed?
XCNS is actively managed by iShares. 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.
What sectors do XCNS and HEWB emphasize?
XCNS is most exposed to Sovereign, Municipal, and Information Technology. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: XCNS or HEWB?
Year to date, XCNS has seen +$59.78 M in net flows, compared with +$12.19 M for HEWB. XCNS has attracted more net investor money so far.
How do the fees of XCNS and HEWB compare?
XCNS has an expense ratio of 0.19%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of XCNS and HEWB?
XCNS's largest holdings include NVIDIA and APPLE. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XCNS or HEWB?
XCNS holds 18569 securities, while HEWB holds 6. On holdings count, XCNS is the more diversified portfolio.
Recent articles about XCNS and HEWB
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.