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 Finance, Consumer Services, and Industrials, while HEWB leans towards Finance. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.28% for HEWB. Performance-wise, XHY has returned 1.66% year-to-date with +$335 M in net flows, whereas HEWB is at 31.01% with +$35 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 | $1,224.50 M | $352.89 M |
| Management Fees | 0.50% | 0.28% |
| Exp. ratio | 0.56% | 0.28% |
| Tracking Difference | -0.27% | -0.70% |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | -1.90% | -2.30% | -1.66% | -0.63% | +21.78% |
HEWB | -0.83% | -1.78% | +31.01% | +46.08% | +181.52% | |
| Flows | XHY | +$101 M | +$148 M | +$335 M | +$377 M | +$888 M |
HEWB | +$2 M | +$11 M | +$35 M | +$33 M | +$38 M |
XHY vs HEWB exposure
Countries
XHY
USA
85.65%
Other
14.35%
HEWB
Canada
100.00%
Sectors
XHY
Finance
17.32%
Consumer Services
13.32%
Industrials
9.39%
Energy
8.65%
Non-Energy Materials
7.98%
Business Services
7.24%
Other
36.10%
HEWB
Finance
100.00%
As of October 22, 2026
Top 10 Holdings
XHY
1261229 B.C., 10% 15apr2032, USD
0.51%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
EchoStar, 10.75% 30nov2029, USD
0.43%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.36%
Cloud Software Group, 9% 30sep2029, USD
0.36%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
Nexstar Media, 6.5% 15sep2033, USD
0.33%
Centene, 4.625% 15dec2029, USD
0.32%
Asurion LLC, 8% 31dec2032, USD
0.30%
HEWB
The Bank of Nova Scotia
17.59%
The Toronto-Dominion Bank
17.41%
Royal Bank of Canada
17.16%
Bank of Montreal
16.64%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.42%
Diversification
XHY
Total weight of top 10 holdings out of 1,310 total
3.77%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
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 | 6.39% | 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 October 22, 2026, XHY has returned -1.66% year to date, while HEWB has returned 31.01%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or HEWB?
As of October 22, 2026, XHY manages $1.22 B in assets, while HEWB manages $352.89 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 Finance, Consumer Services, and Industrials. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: XHY or HEWB?
Year to date, XHY has seen +$335.01 M in net flows, compared with +$34.54 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 0.56%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of XHY and HEWB?
XHY's largest holdings include 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD. HEWB's top holdings include The Bank of Nova Scotia, The Toronto-Dominion Bank, and Royal Bank of Canada.
Which ETF is more diversified: XHY or HEWB?
XHY holds 1292 securities, while HEWB holds 6. On holdings count, XHY is the more diversified portfolio.
Recent articles about XHY and HEWB
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