VS
iShares U.S. High Yield Bond Index ETF (XHY) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XHY focuses its top 3 sector exposures on Media, Pipelines, and It services and computer programming, while HEWB leans towards Financials. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.28% for HEWB. Performance-wise, XHY has returned 0.45% year-to-date with +$138 M in net flows, whereas HEWB is at 14.46% 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
XHY
HEWB
| AuM | $1,081.93 M | $288.82 M |
| Management Fees | 0.50% | 0.28% |
| Exp. ratio | 0.55% | 0.28% |
| Tracking Difference | -0.27% | -0.80% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | +2.04% | +0.16% | +0.45% | +6.47% | +22.72% |
HEWB | +10.90% | +13.00% | +14.46% | +66.21% | +117.59% | |
| Flows | XHY | +$14 M | +$82 M | +$138 M | +$292 M | +$673 M |
HEWB | +$8 M | +$9 M | +$12 M | +$7 M | -$3 M |
XHY vs HEWB exposure
Countries
XHY
USA
88.95%
Other
11.05%
HEWB
Canada
99.99%
Sectors
XHY
Other
30.08%
Other
69.92%
HEWB
Financials
99.99%
As of April 30, 2026
Top 10 Holdings
XHY
US68288AAA51
0.56%
EchoStar, 10.75% 30nov2029, USD
0.48%
Cloud Software Group, 9% 30sep2029, USD
0.35%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.34%
US78488XAA28
0.33%
US982911AA70
0.32%
US045941AA96
0.31%
Venture Global LNG, 9.5% 1feb2029, USD
0.30%
US045941AB79
0.29%
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
XHY
Total weight of top 10 holdings out of 1,312 total
3.62%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
XHY
HEWB
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | 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 | 6.12% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | January 23, 2019 |
Frequently asked questions about XHY and HEWB
Which ETF has performed better year to date: XHY or HEWB?
As of April 30, 2026, XHY has returned 0.45% year to date, while HEWB has returned 14.46%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or HEWB?
As of April 30, 2026, XHY manages $1.08 B in assets, while HEWB manages $288.82 M. XHY is the larger fund by AUM.
How are XHY and HEWB managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do XHY and HEWB emphasize?
XHY is most exposed to Media, Pipelines, and It services and computer programming. HEWB is most exposed to Financials.
Which ETF is attracting more investor flows: XHY or HEWB?
Year to date, XHY has seen +$138.23 M in net flows, compared with +$12.19 M for HEWB. XHY has attracted more net investor money so far.
How do the fees of XHY and HEWB compare?
XHY has an expense ratio of 0.55%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of XHY and HEWB?
XHY's largest holdings include EchoStar, 10.75% 30nov2029, USD and Cloud Software Group, 9% 30sep2029, USD. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: XHY or HEWB?
XHY holds 972 securities, while HEWB holds 6. On holdings count, XHY is the more diversified portfolio.
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