HEWB.TO Alternatives & Similar ETFs

Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB.TO) belongs to the Canada Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HEWB.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HEWB.TO

HEWB.TO charges 0.28% annually. There are 17 ETFs in the Canada Equities category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	0.04%	5.19B	Jan 2018	HEWB.TO vs QCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	HEWB.TO vs DMEC.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.23B	Feb 2020	HEWB.TO vs HXCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.05B	Mar 2016	HEWB.TO vs TTP.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	0.06%	16.67B	May 2009	HEWB.TO vs ZCN.TO

Best Risk-Adjusted Alternatives to HEWB.TO

HEWB.TO has a PortfoliosLab risk / return rank of 96. There are 6 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	98	4.02B	Apr 2011	HEWB.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	237.17M	Apr 2016	HEWB.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	97	235.07M	Nov 2006	HEWB.TO vs XCV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	97	2.46B	Dec 2005	HEWB.TO vs XDV.TO
HAL.TO	Global X Active Canadian Dividend ETF	96	123.68M	Feb 2010	HEWB.TO vs HAL.TO

Top Performing HEWB.TO Alternatives (YTD)

HEWB.TO is at 19.10% YTD. There are 7 ETFs in the Canada Equities category with higher YTD returns, going as high as 23.53%.

Symbol	Name	YTD Return	AUM	Inception
XCS.TO	iShares S&P/TSX SmallCap Index ETF	23.53%	264.65M	May 2007	HEWB.TO vs XCS.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	23.22%	77.00M	Jun 2007	HEWB.TO vs CFOU.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	22.21%	4.02B	Apr 2011	HEWB.TO vs XEI.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	20.72%	—	Mar 2025	HEWB.TO vs CLSA.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	20.31%	237.17M	Apr 2016	HEWB.TO vs HXH.TO

Lowest Volatility Alternatives to HEWB.TO

HEWB.TO has 12.83% 1-year volatility. There are 32 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 7.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	7.21%	4.02B	Apr 2011	HEWB.TO vs XEI.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.38%	99.35M	Apr 2012	HEWB.TO vs TLV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	7.83%	2.46B	Dec 2005	HEWB.TO vs XDV.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.04%	118.08M	May 2020	HEWB.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.23%	237.17M	Apr 2016	HEWB.TO vs HXH.TO

Lowest Drawdown Alternatives to HEWB.TO

HEWB.TO has a 1-year max drawdown of -8.97%. There are 25 ETFs in the Canada Equities category with shallower 1-year drawdowns, going as shallow as -2.24%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-2.24%	4.02B	Apr 2011	HEWB.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	-2.52%	237.17M	Apr 2016	HEWB.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	-3.86%	235.07M	Nov 2006	HEWB.TO vs XCV.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	-4.07%	99.35M	Apr 2012	HEWB.TO vs TLV.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	-4.11%	1.22B	Sep 2006	HEWB.TO vs CDZ.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 10 categories. AUM among these funds goes as high as $7B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	100	0.83%	6.70B	Nov 2021	HEWB.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	HEWB.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	81	20.85%	364.56M	Oct 2023	HEWB.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	HEWB.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	HEWB.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	HEWB.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	94	66.03%	342.08M	Jun 2021	HEWB.TO vs CHPS.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	96	18.85%	—	Jul 2023	HEWB.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	75	11.57%	249.48M	Jul 2023	HEWB.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.94%	713.85M	Sep 2011	HEWB.TO vs QQCC.TO

Often Compared With HEWB.TO

Investors most often compare HEWB.TO with FCCV.TO, ZLB.TO, XFN.TO. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	90	15.39%	1.06B	Jun 2020	HEWB.TO vs FCCV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	HEWB.TO vs ZLB.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities	91	12.51%	2.24B	Mar 2001	HEWB.TO vs XFN.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	Financials Equities	96	20.92%	—	Jul 2023	HEWB.TO vs BNKL.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.75%	29.66B	Feb 2001	HEWB.TO vs XIC.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	72	10.03%	3.48B	Nov 2011	HEWB.TO vs VCE.TO
XMD.TO	iShares S&P/TSX Completion Index ETF	Canada Equities	68	12.81%	759.33M	Mar 2001	HEWB.TO vs XMD.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	10.38%	—	Sep 2025	HEWB.TO vs CANY.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	62	6.62%	922.80M	Jan 2019	HEWB.TO vs FCCQ.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	HEWB.TO vs ZEB.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	93	14.98%	3.03B	Nov 2019	HEWB.TO vs TQCD.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Momentum, Canada Equities	76	9.66%	—	Jun 2020	HEWB.TO vs FCCM.NEO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	Canada Equities	48	5.50%	—	Apr 2025	HEWB.TO vs HVOI.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Canada Equities	93	8.54%	1.34B	Apr 2010	HEWB.TO vs FIE.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	HEWB.TO vs ZDV.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	79	11.91%	—	Jan 2025	HEWB.TO vs CMVP.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	Canada Equities	96	19.58%	96.00M	Jun 2020	HEWB.TO vs HCA.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	77	10.48%	15.96B	Aug 2013	HEWB.TO vs VCN.TO
FXM.TO	CI Morningstar Canada Value Index ETF	Canada Equities	95	15.45%	481.27M	Feb 2012	HEWB.TO vs FXM.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	82	12.27%	—	Oct 2020	HEWB.TO vs ESGC.TO

Compare HEWB.TO with Any Fund or Stock

Compare HEWB.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair HEWB.TO with funds that move differently

Global X Equal Weight Canadian Banks Index Corporate Class ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEWB.TO.

Explore HEWB.TO Diversifiers

Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB.TO) Alternatives