VS
iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XFLB focuses its top 3 sector exposures on Sovereign, while HEWB leans towards Finance. When evaluating costs, XFLB features a management fee (MER) of 0.15%, compared to 0.28% for HEWB. Performance-wise, XFLB has returned 1.1% year-to-date with -$15 M in net flows, whereas HEWB is at 33.03% with +$38 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
XFLB
HEWB
| AuM | $34.22 M | $362.02 M |
| Management Fees | 0.15% | 0.28% |
| Exp. ratio | 0.17% | 0.28% |
| Tracking Difference | -0.11% | -0.71% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFLB | +4.29% | -1.10% | -1.10% | -4.73% | +3.14% |
HEWB | +3.71% | +0.24% | +33.03% | +44.69% | +175.64% | |
| Flows | XFLB | +$2 M | -$12 M | -$15 M | -$12 M | +$12 M |
HEWB | +$7 M | +$11 M | +$38 M | +$38 M | +$38 M |
XFLB vs HEWB exposure
Countries
XFLB
Canada
99.96%
HEWB
Canada
100.00%
Sectors
XFLB
Sovereign
99.96%
HEWB
Finance
100.00%
As of November 2, 2026
Top 10 Holdings
XFLB
Canada, Bonds 3.5% 1dec2057, CAD
26.26%
Canada, Bond 2 1jan2051 30Y
19.13%
Canada, Bonds 2.75% 1dec2055, CAD
18.77%
Canada, Bond 1.75 1dec2053 30Y
15.10%
Canada, Bond 3.5 1dec2045 30Y
5.96%
Canada, Bond 2.75 1dec2048 30Y
5.61%
Canada, Bond 2.75 1dec2064 50Y
4.01%
Canada, Bonds 3.75% 1jun2059, CAD
3.83%
Canada, Bonds 3.5% 1dec2056, CAD (D)
1.28%
HEWB
The Bank of Nova Scotia
17.14%
The Toronto-Dominion Bank
16.99%
Bank of Montreal
16.79%
Canadian Imperial Bank of Commerce
16.49%
Royal Bank of Canada
16.45%
National Bank of Canada
16.14%
Diversification
XFLB
Total weight of top 10 holdings out of 9 total
99.96%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XFLB
HEWB
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 3.24% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | January 23, 2019 |
Frequently asked questions about XFLB and HEWB
Which ETF has performed better year to date: XFLB or HEWB?
As of November 2, 2026, XFLB has returned -1.10% year to date, while HEWB has returned 33.03%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: XFLB or HEWB?
As of November 2, 2026, XFLB manages $34.22 M in assets, while HEWB manages $362.02 M. HEWB is the larger fund by AUM.
How are XFLB and HEWB managed?
XFLB is passively managed by iShares. It tracks the Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XFLB and HEWB emphasize?
XFLB is most exposed to Sovereign. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: XFLB or HEWB?
Year to date, XFLB has seen -$14.53 M in net flows, compared with +$38.16 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of XFLB and HEWB compare?
XFLB has an expense ratio of 0.17%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of XFLB and HEWB?
XFLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. HEWB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: XFLB or HEWB?
XFLB holds 9 securities, while HEWB holds 6. On holdings count, XFLB is the more diversified portfolio.
Recent articles about XFLB and HEWB
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.