iShares Equal Weight Banc & Lifeco ETF (CEW.TO) seeks to provide a diversified, equal-weighted portfolio of common shares of the largest Canadian banks and life insurance companies.
An Exchange Traded Fund (ETF) is a collection of hundreds or thousands of stocks or bonds in a single fund that trades on major stock exchanges. ETFs combine the diversification of mutual funds with lower investment minimum and real-time pricing.
CEW ETF Review
- Targeted exposure to specific sectors of the Canadian financial services industry
- Can be used to express a sector view
- Earn regular monthly dividend income
What is the Best Canadian Financial ETF in Canada?
- BANK.TO: Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund
- BKCC.TO: Horizons Equal Weight Canadian Bank Covered Call ETF
- BNC.TO: Purpose Canadian Financial Income Fund
- BKCL.TO: Horizons Enhanced Equal Weight Canadian Banks Covered Call ETF
- BNKL.TO: Horizons Enhanced Equal Weight Banks Index ETF
- CBNK.TO: Mulvihill Enhanced Yield Canadian Bank ETF
- CEW.TO: iShares Equal Weight Banc & Lifeco ETF
- CIC.TO: CI Canadian Banks Covered Call Income Class ETF
- FIE.TO: iShares Canadian Financial Monthly Income ETF
- HBNK.TO: Horizons Equal Weight Banks Index ETF
- HCA.TO: Hamilton Canadian Bank Mean Reversion Index ETF
- HCAL.TO: Hamilton Enhanced Canadian Bank ETF
- HEB.TO: Hamilton Canadian Bank Equal-Weight Index ETF
- HEWB.TO: Horizons Equal Weight Canada Banks Index ETF
- HFIN.TO: Hamilton Enhanced Canadian Financials ETF
- HMAX.TO: Hamilton Canadian Financials Yield Maximizer ETF
- HXF.TO: Horizons S&P/TSX Capped Financials Index ETF
- RBNK.TO: RBC Canadian Bank Yield Index ETF
- TBNK.TO: TD Canadian Bank Dividend Index ETF
- XFN.TO: iShares S&P/TSX Capped Financials Index ETF
- ZEB.TO: BMO Equal Weight Banks Index ETF
- ZWB.TO: BMO Covered Call Canadian Banks ETF
Here is a table comparing CEW to similar Canadian financial ETFs as of October 31, 2023.
| Manager |  | |  |  |  | |
| ETF | CEW | XFN | ZEB | HCAL | HEWB | HXF |
| Inception | 2008-02-06 | 2001-03-23 | 2009-10-20 | 2020-10-14 | 2019-01-22 | 2013-09-16 |
| MER | 0.61% | 0.61% | 0.28% | 1.46% | 0.28% | 0.28% |
| AUM | $175,031,592 | $1,314,751,491 | $3,687,880,000 | $397,000,000 | $116,974,499 | $69,827,561 |
| 1Y | 0.12% | -4.34% | -9.52 | -14.73% | -9.47% | -4.03% |
| 3Y | 13.12% | 11.37% | 10.55% | 10.01% | 10.69% | 11.80% |
| 5Y | 7.79% | 6.12% | 5.39% | N/A | N/A | 6.50% |
| 10Y | 7.87% | 7.13% | 7.45% | N/A | N/A | 7.47% |
