VS
iShares Short Term Strategic Fixed Income ETF (XSI) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSI focuses its top 3 sector exposures on Sovereign, Banks, and Other sectors, while HEWB leans towards Finance. When evaluating costs, XSI features a management fee (MER) of 0.5%, compared to 0.28% for HEWB. Performance-wise, XSI has returned 0.55% year-to-date with +$3 M in net flows, whereas HEWB is at 35.73% with +$23 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
XSI
HEWB
| AuM | $45.10 M | $353.97 M |
| Management Fees | 0.50% | 0.28% |
| Exp. ratio | 0.53% | 0.28% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSI | -0.13% | -0.03% | +0.55% | +2.96% | +15.02% |
HEWB | +6.03% | +19.86% | +35.73% | +71.14% | +157.48% | |
| Flows | XSI | +$0 M | -$2 M | +$3 M | +$3 M | -$6 M |
HEWB | +$9 M | +$16 M | +$23 M | +$22 M | +$25 M |
XSI vs HEWB exposure
Countries
XSI
USA
43.79%
Canada
27.61%
Other
24.21%
HEWB
Canada
100.00%
Sectors
XSI
Other
24.21%
Sovereign
21.67%
Other
54.12%
HEWB
Finance
100.00%
As of July 17, 2026
Top 10 Holdings
XSI
Canada, Bonds 3.5% 1dec2057, CAD
2.36%
Canada, Bond 2 1jan2051 30Y
1.93%
Canada, Bonds 2.75% 1dec2055, CAD
1.91%
Canada, Bond 1.75 1dec2053 30Y
1.52%
BlackRock Cash Funds - Institutional
0.81%
Canada, Bond 2.75 1dec2048 30Y
0.59%
Canada, Bond 4 1jun2041 30Y
0.59%
Canada, Bond 3.5 1dec2045 30Y
0.57%
Canada, Bond 2.75 1dec2064 50Y
0.48%
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
0.48%
HEWB
The Toronto-Dominion Bank
17.52%
Royal Bank of Canada
17.09%
Bank of Montreal
16.85%
The Bank of Nova Scotia
16.38%
Canadian Imperial Bank of Commerce
16.27%
National Bank of Canada
15.89%
Diversification
XSI
Total weight of top 10 holdings out of 11,374 total
11.25%
HEWB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
XSI
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 | Fixed Income | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 4.38% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | January 20, 2015 | January 23, 2019 |
Frequently asked questions about XSI and HEWB
Which ETF has performed better year to date: XSI or HEWB?
As of July 17, 2026, XSI has returned 0.55% year to date, while HEWB has returned 35.73%. HEWB is ahead on YTD performance.
Which ETF is larger by assets under management: XSI or HEWB?
As of July 17, 2026, XSI manages $45.10 M in assets, while HEWB manages $353.97 M. HEWB is the larger fund by AUM.
How are XSI and HEWB managed?
XSI 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 XSI and HEWB emphasize?
XSI is most exposed to Sovereign, Banks, and Other sectors. HEWB is most exposed to Finance.
Which ETF is attracting more investor flows: XSI or HEWB?
Year to date, XSI has seen +$3.39 M in net flows, compared with +$23.13 M for HEWB. HEWB has attracted more net investor money so far.
How do the fees of XSI and HEWB compare?
XSI has an expense ratio of 0.53%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of XSI and HEWB?
XSI's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD and Canada, Bond 2 1jan2051 30Y. HEWB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: XSI or HEWB?
XSI holds 2777 securities, while HEWB holds 6. On holdings count, XSI is the more diversified portfolio.
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