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 18 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%	5.72B	Jan 2018	HEWB.TO vs QCN.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.31B	Mar 2016	HEWB.TO vs TTP.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.55B	Feb 2020	HEWB.TO vs HXCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	HEWB.TO vs DMEC.TO
VCE.TO	Vanguard FTSE Canada Index ETF	0.06%	3.54B	Nov 2011	HEWB.TO vs VCE.TO

Best Risk-Adjusted Alternatives to HEWB.TO

HEWB.TO has a PortfoliosLab risk / return rank of 98. There are 7 ETFs in the Canada Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	98	245.61M	Apr 2016	HEWB.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	98	250.15M	Nov 2006	HEWB.TO vs XCV.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	98	—	Mar 2025	HEWB.TO vs CLSA.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	107.00M	Jun 2020	HEWB.TO vs HCA.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	98	4.25B	Apr 2011	HEWB.TO vs XEI.TO

Top Performing HEWB.TO Alternatives (YTD)

HEWB.TO is at 34.74% YTD. There are 5 ETFs in the Canada Equities category with higher YTD returns, going as high as 53.52%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	53.52%	86.75M	Jun 2007	HEWB.TO vs CFOU.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	44.98%	1.09B	Oct 2020	HEWB.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	42.72%	—	Mar 2025	HEWB.TO vs CLSA.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	37.71%	2.38B	Mar 2001	HEWB.TO vs XEG.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	37.34%	107.00M	Jun 2020	HEWB.TO vs HCA.TO

Lowest Volatility Alternatives to HEWB.TO

HEWB.TO has 13.58% 1-year volatility. There are 45 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 6.39%.

Symbol	Name	Volatility 1Y	AUM	Inception
FCMI.TO	Fidelity Canadian Monthly High Income ETF	6.39%	—	Jan 2020	HEWB.TO vs FCMI.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.56%	103.58M	Apr 2012	HEWB.TO vs TLV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	8.03%	4.25B	Apr 2011	HEWB.TO vs XEI.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.27%	121.83M	May 2020	HEWB.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.47%	245.61M	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 36 ETFs in the Canada Equities category with shallower 1-year drawdowns, going as shallow as -2.52%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	-2.52%	245.61M	Apr 2016	HEWB.TO vs HXH.TO
FCMI.TO	Fidelity Canadian Monthly High Income ETF	-3.62%	—	Jan 2020	HEWB.TO vs FCMI.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	250.15M	Nov 2006	HEWB.TO vs XCV.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	-4.07%	103.58M	Apr 2012	HEWB.TO vs TLV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-4.22%	4.25B	Apr 2011	HEWB.TO vs XEI.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	1.12%	6.66B	Nov 2021	HEWB.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.14%	2.39B	Apr 2023	HEWB.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	60	15.07%	370.02M	Oct 2023	HEWB.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	65	11.55%	7.49B	Nov 2010	HEWB.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	91	13.52%	5.40B	Sep 2010	HEWB.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	80	47.72%	391.52M	Jun 2021	HEWB.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	62	0.91%	1.93B	Feb 2020	HEWB.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	35.85%	—	Jul 2023	HEWB.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	75	12.31%	250.73M	Jul 2023	HEWB.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	61	12.46%	709.55M	Sep 2011	HEWB.TO vs QQCC.TO

Often Compared With HEWB.TO

Investors most often compare HEWB.TO with FCCV.TO, ZLB.TO, BNKL.TO. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FCCV.TO	Fidelity Canadian Value ETF	Canada Equities	93	15.26%	1.19B	Jun 2020	HEWB.TO vs FCCV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	57	8.71%	6.24B	Oct 2011	HEWB.TO vs ZLB.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	44.30%	—	Jul 2023	HEWB.TO vs BNKL.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	87	12.55%	31.16B	Feb 2001	HEWB.TO vs XIC.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities, Canada Equities	97	25.84%	2.34B	Mar 2001	HEWB.TO vs XFN.TO
XCS.TO	iShares S&P/TSX SmallCap Index ETF	Canada Equities	58	15.23%	242.62M	May 2007	HEWB.TO vs XCS.TO
XMD.TO	iShares S&P/TSX Completion Index ETF	Canada Equities	55	7.43%	787.43M	Mar 2001	HEWB.TO vs XMD.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	35.82%	7.20B	Oct 2009	HEWB.TO vs ZEB.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	14.19%	—	Sep 2025	HEWB.TO vs CANY.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	70	6.48%	993.50M	Jan 2019	HEWB.TO vs FCCQ.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	96	18.55%	3.33B	Nov 2019	HEWB.TO vs TQCD.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	90	14.45%	—	Oct 2020	HEWB.TO vs ESGC.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.80%	1.86B	Oct 2011	HEWB.TO vs ZDV.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	Canada Equities	85	11.41%	—	Apr 2025	HEWB.TO vs HVOI.TO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	95	18.68%	—	Jan 2025	HEWB.TO vs CMVP.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Momentum, Canada Equities	85	10.68%	—	Jun 2020	HEWB.TO vs FCCM.NEO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Financials Equities, Canada Equities	94	18.56%	1.44B	Apr 2010	HEWB.TO vs FIE.TO
HAL.TO	Global X Active Canadian Dividend ETF	Canada Equities	98	23.33%	125.29M	Feb 2010	HEWB.TO vs HAL.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	86	12.22%	16.37B	Aug 2013	HEWB.TO vs VCN.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	98	25.47%	2.63B	Dec 2005	HEWB.TO vs XDV.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