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%	5.53B	Jan 2018	HEWB.TO vs QCN.TO
DMEC.TO	Desjardins Canadian Equity Index ETF	0.05%	—	Apr 2024	HEWB.TO vs DMEC.TO
TTP.TO	TD Canadian Equity Index ETF	0.05%	6.22B	Mar 2016	HEWB.TO vs TTP.TO
HXCN.TO	Global X S&P/TSX Capped Composite Index Corporate ...	0.05%	2.31B	Feb 2020	HEWB.TO vs HXCN.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	0.06%	16.91B	May 2009	HEWB.TO vs ZCN.TO

Best Risk-Adjusted Alternatives to HEWB.TO

HEWB.TO has a PortfoliosLab risk / return rank of 97. There are 5 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	241.91M	Apr 2016	HEWB.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	98	238.82M	Nov 2006	HEWB.TO vs XCV.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	98	105.70M	Jun 2020	HEWB.TO vs HCA.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.06B	Oct 2020	HEWB.TO vs HCAL.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	97	4.13B	Apr 2011	HEWB.TO vs XEI.TO

Top Performing HEWB.TO Alternatives (YTD)

HEWB.TO is at 29.89% YTD. There are 4 ETFs in the Canada Equities category with higher YTD returns, going as high as 42.22%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	42.22%	86.85M	Jun 2007	HEWB.TO vs CFOU.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	37.50%	1.06B	Oct 2020	HEWB.TO vs HCAL.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	33.59%	—	Mar 2025	HEWB.TO vs CLSA.TO
HCA.TO	Hamilton Canadian Bank Mean Reversion Index ETF	31.63%	105.70M	Jun 2020	HEWB.TO vs HCA.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	26.17%	2.38B	Mar 2001	HEWB.TO vs XEG.TO

Lowest Volatility Alternatives to HEWB.TO

HEWB.TO has 13.03% 1-year volatility. There are 29 ETFs in the Canada Equities category with lower 1-year volatility, going as low as 7.42%.

Symbol	Name	Volatility 1Y	AUM	Inception
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.42%	99.35M	Apr 2012	HEWB.TO vs TLV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	7.91%	4.13B	Apr 2011	HEWB.TO vs XEI.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.18%	120.67M	May 2020	HEWB.TO vs TCLV.TO
HXH.TO	Global X Canadian High Dividend Index Corporate Cl...	8.34%	241.91M	Apr 2016	HEWB.TO vs HXH.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	8.63%	2.57B	Dec 2005	HEWB.TO vs XDV.TO

Lowest Drawdown Alternatives to HEWB.TO

HEWB.TO has a 1-year max drawdown of -8.97%. There are 27 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%	241.91M	Apr 2016	HEWB.TO vs HXH.TO
XCV.TO	iShares Canadian Value Index ETF	-3.84%	238.82M	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
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	-4.22%	4.13B	Apr 2011	HEWB.TO vs XEI.TO
PXC.TO	Invesco RAFI Canadian Index ETF	-4.64%	245.79M	Jan 2012	HEWB.TO vs PXC.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	99	0.95%	6.67B	Nov 2021	HEWB.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.99%	2.36B	Apr 2023	HEWB.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	76	19.56%	379.27M	Oct 2023	HEWB.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.68%	7.12B	Nov 2010	HEWB.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	88	11.25%	5.30B	Sep 2010	HEWB.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	92	62.65%	416.39M	Jun 2021	HEWB.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	67	0.94%	1.92B	Feb 2020	HEWB.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.00%	—	Jul 2023	HEWB.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	78	12.39%	250.98M	Jul 2023	HEWB.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	15.98%	732.86M	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	91	13.80%	1.15B	Jun 2020	HEWB.TO vs FCCV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	HEWB.TO vs ZLB.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	36.54%	—	Jul 2023	HEWB.TO vs BNKL.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities, Canada Equities	96	20.97%	2.28B	Mar 2001	HEWB.TO vs XFN.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.67%	30.44B	Feb 2001	HEWB.TO vs XIC.TO
VCE.TO	Vanguard FTSE Canada Index ETF	Canada Equities	78	10.72%	3.48B	Nov 2011	HEWB.TO vs VCE.TO
XCS.TO	iShares S&P/TSX SmallCap Index ETF	Canada Equities	56	13.79%	257.14M	May 2007	HEWB.TO vs XCS.TO
XMD.TO	iShares S&P/TSX Completion Index ETF	Canada Equities	56	7.40%	764.37M	Mar 2001	HEWB.TO vs XMD.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	11.81%	—	Sep 2025	HEWB.TO vs CANY.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	HEWB.TO vs ZEB.TO
FCCQ.TO	Fidelity Canadian High Quality ETF	Canada Equities	67	5.82%	967.80M	Jan 2019	HEWB.TO vs FCCQ.TO
TQCD.TO	TD Q Canadian Dividend ETF	Canada Equities	93	14.29%	3.17B	Nov 2019	HEWB.TO vs TQCD.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	Oct 2011	HEWB.TO vs ZDV.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	Financials Equities, Canada Equities	91	14.46%	1.40B	Apr 2010	HEWB.TO vs FIE.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	Canada Equities	73	9.25%	—	Apr 2025	HEWB.TO vs HVOI.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	86	12.95%	—	Oct 2020	HEWB.TO vs ESGC.TO
FCCM.NEO	Fidelity Canadian Momentum Index ETF	Momentum, Canada Equities	79	9.13%	—	Jun 2020	HEWB.TO vs FCCM.NEO
CMVP.TO	HAMILTON CHAMPIONS Canadian Dividend Index ETF Cla...	Canada Equities	92	16.45%	—	Jan 2025	HEWB.TO vs CMVP.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	82	10.34%	15.96B	Aug 2013	HEWB.TO vs VCN.TO
HAL.TO	Global X Active Canadian Dividend ETF	Canada Equities	97	18.44%	126.57M	Feb 2010	HEWB.TO vs HAL.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