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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to HEWB.TO

HEWB.TO charges 0.28% annually. Among ETFs in the Canada Equities category, these options have the lowest expense ratios among HEWB.TO alternatives.

Symbol	Name	Expense Ratio	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	0.04%	Jan 24, 2018	HEWB.TO vs QCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	Apr 15, 2024	HEWB.TO vs DMEC.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	Feb 5, 2020	HEWB.TO vs HXCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	Mar 22, 2016	HEWB.TO vs TTP.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	0.05%	Aug 2, 2013	HEWB.TO vs VCN.TO

Best Risk-Adjusted Alternatives to HEWB.TO

Among ETFs in the Canada Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	Jun 26, 2020	HEWB.TO vs HCA.TO
FXM.TO	CI Morningstar Canada Value Index ETF	97	Feb 13, 2012	HEWB.TO vs FXM.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	97	Apr 12, 2011	HEWB.TO vs XEI.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	97	Mar 20, 2025	HEWB.TO vs CLSA.TO
XCV.TO	iShares Canadian Value Index ETF	97	Nov 6, 2006	HEWB.TO vs XCV.TO

Top Performing HEWB.TO Alternatives (YTD)

HEWB.TO alternatives from the Canada Equities category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	13.91%	Apr 12, 2011	HEWB.TO vs XEI.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	11.87%	Apr 8, 2016	HEWB.TO vs HXH.TO
XCS.TO	iShares S&P/TSX SmallCap Index ETF	11.18%	May 14, 2007	HEWB.TO vs XCS.TO
ZDV.TO	BMO Canadian Dividend ETF	10.62%	Oct 21, 2011	HEWB.TO vs ZDV.TO
HHIC.TO	Harvest Canadian High Income Shares ETF	9.05%	Aug 19, 2025	HEWB.TO vs HHIC.TO

Lowest Volatility Alternatives to HEWB.TO

HEWB.TO alternatives from the Canada Equities category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	8.37%	Apr 11, 2025	HEWB.TO vs HVOI.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	9.05%	Apr 24, 2012	HEWB.TO vs TLV.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	9.54%	May 26, 2020	HEWB.TO vs TCLV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	10.20%	Dec 19, 2005	HEWB.TO vs XDV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	10.26%	Apr 8, 2016	HEWB.TO vs HXH.TO

Lowest Drawdown Alternatives to HEWB.TO

HEWB.TO alternatives from the Canada Equities category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
TCLV.TO	TD Q Canadian Low Volatility ETF	-6.37%	May 26, 2020	HEWB.TO vs TCLV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	-6.53%	Oct 21, 2011	HEWB.TO vs ZLB.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	-6.57%	Apr 24, 2012	HEWB.TO vs TLV.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	-7.77%	Dec 19, 2005	HEWB.TO vs XDV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-8.31%	Apr 16, 2010	HEWB.TO vs FIE.TO

Other ETFs from Global X

Most popular Global X ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	99	0.35%	Nov 1, 2021	HEWB.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.30%	Apr 12, 2023	HEWB.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Derivative Income	48	-4.67%	Oct 10, 2023	HEWB.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	45	-3.28%	Nov 30, 2010	HEWB.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	93	2.91%	Sep 14, 2010	HEWB.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	96	1.13%	Feb 5, 2020	HEWB.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	98	1.67%	Jul 5, 2023	HEWB.TO vs HBNK.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	93	6.25%	Jun 21, 2021	HEWB.TO vs CHPS.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	30	-5.43%	Jul 5, 2023	HEWB.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-3.61%	Sep 13, 2011	HEWB.TO vs QQCC.TO

Often Compared With HEWB.TO

What investors most often compare with HEWB.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities	95	-2.14%	Mar 23, 2001	HEWB.TO vs XFN.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	Financials Equities	98	0.85%	Jul 5, 2023	HEWB.TO vs BNKL.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.89%	Feb 16, 2001	HEWB.TO vs XIC.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	90	3.13%	Nov 30, 2011	HEWB.TO vs VCE.TO
XMD.TO	iShares S&P/TSX Completion Index ETF	Canada Equities	94	7.32%	Mar 2, 2001	HEWB.TO vs XMD.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	1.73%	Sep 17, 2025	HEWB.TO vs CANY.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	97	7.36%	Nov 20, 2019	HEWB.TO vs TQCD.TO
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	95	5.92%	Jun 5, 2020	HEWB.TO vs FCCV.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	91	2.76%	Jan 18, 2019	HEWB.TO vs FCCQ.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Canada Equities	96	4.13%	Jun 5, 2020	HEWB.TO vs FCCM.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	7.10%	Jan 24, 2025	HEWB.TO vs CMVP.TO
WXM.TO	CI Morningstar Canada Momentum Index ETF	Canada Equities	97	8.73%	Feb 13, 2012	HEWB.TO vs WXM.TO
XCG.TO	iShares Canadian Growth Index ETF	Canada Equities	27	-0.53%	Nov 6, 2006	HEWB.TO vs XCG.TO
CDZ.TO	iShares S&P/TSX Canadian Dividend Aristocrats Inde...	Canada Equities	90	6.41%	Sep 8, 2006	HEWB.TO vs CDZ.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities	81	3.30%	Jul 24, 2012	HEWB.TO vs XMV.TO
ZIU.TO	BMO S&P/TSX 60 Index ETF	Canada Equities	93	2.87%	Sep 26, 2023	HEWB.TO vs ZIU.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.87%	May 29, 2009	HEWB.TO vs ZCN.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

Global X Equal Weight Canadian Banks Index Corporate Class ETF

Symbol name