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iShares Core Growth ETF Portfolio (XGRO) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGRO focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while HEWB leans towards Financials. When evaluating costs, XGRO features a management fee (MER) of 0.18%, compared to 0.28% for HEWB. Performance-wise, XGRO has returned 8.76% year-to-date with +$439 M in net flows, whereas HEWB is at 21.64% 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
XGRO
HEWB
| AuM | $4,811.14 M | $307.01 M |
| Management Fees | 0.18% | 0.28% |
| Exp. ratio | 0.20% | 0.28% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGRO | +1.17% | +7.25% | +8.76% | +22.90% | +64.86% |
HEWB | +5.66% | +18.78% | +21.64% | +62.64% | +139.85% | |
| Flows | XGRO | +$85 M | +$211 M | +$439 M | +$829 M | +$1,911 M |
HEWB | +$0 M | +$8 M | +$12 M | +$9 M | +$14 M |
XGRO vs HEWB exposure
Countries
XGRO
USA
39.43%
Canada
34.76%
Other
25.81%
HEWB
Canada
99.99%
Sectors
XGRO
Information Technology
16.89%
Financials
14.89%
Other
9.99%
Industrials
8.73%
Other
49.50%
HEWB
Financials
99.99%
As of June 8, 2026
Top 10 Holdings
XGRO
NVIDIA
2.56%
APPLE
2.10%
MICROSOFT-T
1.60%
ROYAL BK CANADA
1.42%
AMAZON.COM INC
1.36%
ALPHABET INC-CL
1.18%
BROADCOM LIMITED
1.04%
TORONTO DOMINION
1.02%
ALPHABET INC-CL
0.94%
SHOPIFY SUBORDINATE VOTING
0.84%
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
XGRO
Total weight of top 10 holdings out of 21,767 total
14.06%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XGRO
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 | 1.79% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | June 21, 2007 | January 23, 2019 |
Frequently asked questions about XGRO and HEWB
Which ETF has performed better year to date: XGRO or HEWB?
As of June 8, 2026, XGRO has returned 8.76% year to date, while HEWB has returned 21.64%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: XGRO or HEWB?
As of June 8, 2026, XGRO manages $4.81 B in assets, while HEWB manages $307.01 M. XGRO is the larger fund by AUM.
How are XGRO and HEWB managed?
XGRO 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 XGRO and HEWB emphasize?
XGRO is most exposed to Information Technology, Financials, and Industrials. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: XGRO or HEWB?
Year to date, XGRO has seen +$438.94 M in net flows, compared with +$12.25 M for HEWB. XGRO has attracted more net investor money so far.
How do the fees of XGRO and HEWB compare?
XGRO has an expense ratio of 0.20%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of XGRO and HEWB?
XGRO's largest holdings include NVIDIA and ALPHABET INC-CL. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XGRO or HEWB?
XGRO holds 18437 securities, while HEWB holds 6. On holdings count, XGRO is the more diversified portfolio.
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