HEWB.TO vs. KNGC.TO

Last updated Jul 14, 2026

HEWB.TO (Global X Equal Weight Canadian Banks Index Corporate Class ETF) and KNGC.TO (Brompton Canadian Cash Flow Kings ETF) are both Canada Equities funds - HEWB.TO tracks the Solactive Equal Weight Canada Banks Index while KNGC.TO tracks the Brompton Index One Canadian Cash Flow Kings Index. Both are passively managed. Over the past year, HEWB.TO returned 70.17% vs 38.33% for KNGC.TO. At a 0.16 correlation, their price movements are largely independent. HEWB.TO charges 0.28%/yr vs 0.17%/yr for KNGC.TO.

Performance

HEWB.TO vs. KNGC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB.TO) and Brompton Canadian Cash Flow Kings ETF (KNGC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEWB.TO achieves a 33.45% return, which is significantly higher than KNGC.TO's 14.73% return.

HEWB.TO

• 1D: -0.36%
• 1M: 6.47%
• 6M: 31.58%
• YTD: 33.45%
• 1Y: 70.17%
• 3Y*: 36.57%
• 5Y*: 21.03%
• 10Y*: —

KNGC.TO

• 1D: -0.18%
• 1M: -1.73%
• 6M: 11.08%
• YTD: 14.73%
• 1Y: 38.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEWB.TO vs. KNGC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HEWB.TO Global X Equal Weight Canadian Banks Index Corporate Class ETF	33.45%	43.48%	19.63%
KNGC.TO Brompton Canadian Cash Flow Kings ETF	14.73%	41.07%	-4.91%

Correlation

The correlation between HEWB.TO and KNGC.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.16

Return for Risk

HEWB.TO vs. KNGC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEWB.TO

HEWB.TO Risk / Return Rank: 98
HEWB.TO Sharpe Ratio Rank: 98
HEWB.TO Sortino Ratio Rank: 98
HEWB.TO Omega Ratio Rank: 98
HEWB.TO Calmar Ratio Rank: 97
HEWB.TO Martin Ratio Rank: 97

KNGC.TO

KNGC.TO Risk / Return Rank: 95
KNGC.TO Sharpe Ratio Rank: 95
KNGC.TO Sortino Ratio Rank: 95
KNGC.TO Omega Ratio Rank: 95
KNGC.TO Calmar Ratio Rank: 96
KNGC.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEWB.TO vs. KNGC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB.TO) and Brompton Canadian Cash Flow Kings ETF (KNGC.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HEWB.TO	KNGC.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.23	3.04	+2.19
Sortino ratio: Return per unit of downside risk	6.84	4.28	+2.56
Omega ratio: Gain probability vs. loss probability	1.94	1.60	+0.34
Calmar ratio: Return relative to maximum drawdown	7.87	6.79	+1.08
Martin ratio: Return relative to average drawdown	35.70	23.80	+11.90

HEWB.TO vs. KNGC.TO - Sharpe Ratio Comparison

The current HEWB.TO Sharpe Ratio is 5.23, which is higher than the KNGC.TO Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of HEWB.TO and KNGC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HEWB.TO vs. KNGC.TO - Drawdown Comparison

The maximum HEWB.TO drawdown since its inception was -39.43%, which is greater than KNGC.TO's maximum drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for HEWB.TO and KNGC.TO.

Drawdown Indicators

	HEWB.TO	KNGC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.43%	-25.52%	-13.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	-5.67%	-3.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.89%	—	—
Current Drawdown Current decline from peak	-0.36%	-4.38%	+4.02%
Average Drawdown Average peak-to-trough decline	-7.17%	-4.63%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	1.61%	+0.36%

Volatility

HEWB.TO vs. KNGC.TO - Volatility Comparison

Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB.TO) has a higher volatility of 4.26% compared to Brompton Canadian Cash Flow Kings ETF (KNGC.TO) at 3.66%. This indicates that HEWB.TO's price experiences larger fluctuations and is considered to be riskier than KNGC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEWB.TO	KNGC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	3.66%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	11.85%	9.57%	+2.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.51%	12.68%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	17.63%	-3.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	17.63%	+1.61%

HEWB.TO vs. KNGC.TO - Expense Ratio Comparison

HEWB.TO has a 0.28% expense ratio, which is higher than KNGC.TO's 0.17% expense ratio.

Dividends

HEWB.TO vs. KNGC.TO - Dividend Comparison

HEWB.TO has not paid dividends to shareholders, while KNGC.TO's dividend yield for the trailing twelve months is around 1.62%.

Position	TTM	2025	2024
HEWB.TO Global X Equal Weight Canadian Banks Index Corporate Class ETF	0.00%	0.00%	0.00%
KNGC.TO Brompton Canadian Cash Flow Kings ETF	1.62%	1.69%	0.78%

Frequently Asked Questions

Can I hold both HEWB.TO and KNGC.TO in my portfolio?

HEWB.TO and KNGC.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEWB.TO or KNGC.TO?

On fees, KNGC.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEWB.TO or KNGC.TO?

KNGC.TO is cheaper with a 0.17% expense ratio, compared with 0.28% for HEWB.TO.

What is the main difference between HEWB.TO and KNGC.TO?

HEWB.TO tracks Solactive Equal Weight Canada Banks Index, while KNGC.TO tracks Brompton Index One Canadian Cash Flow Kings Index. They also come from different issuers: Global X and Brompton. Their fees differ too: 0.28% for HEWB.TO and 0.17% for KNGC.TO.