VS
Compare iShares Canadian Value Index ETF (XCV) vs HAMILTON CHAMPIONS Canadian Bank Equal-Weight Index ETF (HEB) to find the best fit for your portfolio. XCV provides Finance, Energy, and Non-Energy Materials exposures, while HEB is primarily weighted in Finance. When evaluating costs, XCV features a management fee (MER) of 0.5%, compared to 0.19% for HEB. Performance-wise, XCV has returned 25.88% year-to-date with +$107 M in net flows, whereas HEB is at 29.82% with +$26 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
XCV
HEB
| AuM | $249.42 M | $1,349.44 M |
| Management Fees | 0.50% | 0.19% |
| Exp. ratio | 0.55% | 0.05% |
| Tracking Difference | -0.91% | -0.38% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCV | -1.72% | +2.81% | +25.88% | +39.65% | +115.01% |
HEB | -4.70% | +2.37% | +29.82% | +48.38% | +152.73% | |
| Flows | XCV | +$6 M | +$0 M | +$107 M | +$112 M | +$81 M |
HEB | -$54 M | -$32 M | +$26 M | +$56 M | +$94 M |
XCV vs HEB exposure
Countries
XCV
Canada
99.72%
HEB
Canada
99.92%
Sectors
XCV
Finance
61.45%
Energy
26.75%
Other
11.80%
HEB
Finance
99.92%
As of September 15, 2026
Top 10 Holdings
XCV
Royal Bank of Canada
10.07%
The Toronto-Dominion Bank
9.91%
Bank of Montreal
7.79%
Enbridge, Inc.
7.53%
Canadian Imperial Bank of Commerce
6.77%
The Bank of Nova Scotia
6.72%
Canadian Natural Resources Ltd.
6.13%
Suncor Energy, Inc.
4.90%
Manulife Financial Corp.
4.62%
TC Energy Corp.
4.41%
HEB
Royal Bank of Canada
17.39%
Bank of Montreal
17.06%
The Toronto-Dominion Bank
16.87%
The Bank of Nova Scotia
16.44%
Canadian Imperial Bank of Commerce
16.11%
National Bank of Canada
16.04%
Diversification
XCV
Total weight of top 10 holdings out of 35 total
68.85%
HEB
Total weight of top 10 holdings out of 6 total
99.92%
Characteristics
Compare
XCV
HEB
| Provider | iShares | Hamilton ETFs |
| Management | Passively managed | Passively managed |
| Benchmark | Dow Jones Canada Select Value Total Return Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.19% | 2.70% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | April 3, 2023 |
Frequently asked questions about XCV and HEB
Which ETF has performed better year to date: XCV or HEB?
As of September 15, 2026, XCV has returned 25.88% year to date, while HEB has returned 29.82%. HEB is ahead on YTD performance.
Which ETF is larger by assets under management: XCV or HEB?
As of September 15, 2026, XCV manages $249.42 M in assets, while HEB manages $1.35 B. HEB is the larger fund by AUM.
How are XCV and HEB managed?
XCV is passively managed by iShares. It tracks the Dow Jones Canada Select Value Total Return Index - CAD benchmark. HEB is passively managed by Hamilton ETFs. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XCV and HEB emphasize?
XCV is most exposed to Finance, Energy, and Non-Energy Materials. HEB is most exposed to Finance.
Which ETF is attracting more investor flows: XCV or HEB?
Year to date, XCV has seen +$107.49 M in net flows, compared with +$25.59 M for HEB. XCV has attracted more net investor money so far.
How do the fees of XCV and HEB compare?
XCV has an expense ratio of 0.55%, while HEB has an expense ratio of 0.05%.
What are the top holdings of XCV and HEB?
XCV's largest holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal. HEB's top holdings include Royal Bank of Canada, Bank of Montreal, and The Toronto-Dominion Bank.
Which ETF is more diversified: XCV or HEB?
XCV holds 35 securities, while HEB holds 6. On holdings count, XCV is the more diversified portfolio.
Recent articles about XCV and HEB
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