PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Global X Active Global Dividend ETF (HAZ.TO) Sharpe Ratio: 2.03

ETF · Currency in CAD · Last updated Jun 17, 2026

Global X Active Global Dividend ETF (formerly Horizons Active Global Dividend ETF) is an actively managed fund that seeks long-term total returns from regular dividend income and modest capital growth by investing primarily in equity and equity-related securities of dividend-paying companies located anywhere in the world. Sub-advised by Guardian Capital LP, it uses a proprietary stock-selection process focused on dividend growth, payout, and sustainability. It trades on the Toronto Stock Exchange and distributes income monthly.

HAZ.TO's Sharpe Ratio of 2.03 indicates that for each unit of volatility, it generates 2.03 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HAZ.TO Sharpe Ratio Rank

HAZ.TO Sharpe Ratio Rank: 66.967
Above Average

HAZ.TO ranks above 66.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

HAZ.TO Sharpe Ratio Market Positioning

The chart shows HAZ.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.88 or lower
  • Yellow zone (middle 50%): 0.88 to 2.21
  • Green zone (top 25%): 2.21 or higher
  • Top 1%: 7.40+
  • Median: 1.63 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Active Global Dividend ETF's Sharpe Ratio with other ETFs in the Global Equity Income category across multiple time periods, showing how HAZ.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
TQGD.TOTD Q Global Dividend ETF2.86
ZDH.TOBMO International Dividend Hedged to CAD ETF2.37
TGED.TOTD Active Global Enhanced Dividend ETF2.03
HAZ.TOGlobal X Active Global Dividend ETF2.03
PAYG.TOBrompton Global Equity HighPay ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HAZ.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HAZ.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does HAZ.TO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio