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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Global X Canadian Select Universe Bond Index Corporate Class ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
HBB.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.
Returns By Period
Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) has returned -0.00% so far this year and -0.04% over the past 12 months. Over the last ten years, HBB.TO has returned 1.32% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.
Global X Canadian Select Universe Bond Index Corporate Class ETF
- 1D
- 0.20%
- 1M
- -2.10%
- YTD
- -0.00%
- 6M
- -0.58%
- 1Y
- -0.04%
- 3Y*
- 2.82%
- 5Y*
- 0.11%
- 10Y*
- 1.32%
Benchmark (S&P 500 Index)
- 1D
- 2.80%
- 1M
- -3.22%
- YTD
- -3.34%
- 6M
- -2.48%
- 1Y
- 12.46%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
Monthly Returns
Based on dividend-adjusted daily data since May 8, 2014, HBB.TO's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, your investment would double in approximately 34.0 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2020 with a return of +4.8%, while the worst month was Jan 2022 at -3.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HBB.TO closed higher 49% of trading days. The best single day was Mar 17, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -9.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.54% | 1.59% | -2.10% | -0.00% | |||||||||
| 2025 | 1.06% | 1.09% | -0.28% | -0.82% | -0.04% | 0.12% | -0.89% | 0.39% | 1.80% | 0.63% | 0.21% | -1.40% | 1.84% |
| 2024 | -1.34% | -0.28% | 0.24% | -2.04% | 1.93% | 1.21% | 2.19% | 0.27% | 2.18% | -1.20% | 1.79% | -0.93% | 3.96% |
| 2023 | 2.85% | -1.83% | 2.02% | 1.02% | -1.96% | 0.02% | -1.16% | -0.40% | -2.41% | 0.21% | 4.66% | 2.88% | 5.76% |
| 2022 | -3.47% | -0.80% | -2.95% | -3.40% | -0.22% | -2.40% | 4.11% | -2.78% | -0.74% | -0.94% | 2.88% | -1.63% | -11.94% |
| 2021 | -1.21% | -2.40% | -1.04% | -0.24% | 0.69% | 1.03% | 1.02% | -0.22% | -1.52% | -0.84% | 0.51% | 1.95% | -2.35% |
Benchmark Metrics
Global X Canadian Select Universe Bond Index Corporate Class ETF has an annualized alpha of 1.32%, beta of 0.06, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 09, 2014.
- This ETF participated in 22.66% of S&P 500 Index downside but only 15.80% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R² of 0.02 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.02 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.32%
- Beta
- 0.06
- R²
- 0.02
- Upside Capture
- 15.80%
- Downside Capture
- 22.66%
Expense Ratio
HBB.TO has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
HBB.TO ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) and compare them to a chosen benchmark (S&P 500 Index).
| HBB.TO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 0.69 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.02 | 1.06 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.14 | -1.06 |
Martin ratioReturn relative to average drawdown | 0.17 | 4.22 | -4.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore HBB.TO risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Canadian Select Universe Bond Index Corporate Class ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Canadian Select Universe Bond Index Corporate Class ETF was 18.23%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Global X Canadian Select Universe Bond Index Corporate Class ETF drawdown is 4.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.23% | Aug 5, 2020 | 555 | Oct 20, 2022 | — | — | — |
| -12.97% | Mar 10, 2020 | 5 | Mar 16, 2020 | 63 | Jun 15, 2020 | 68 |
| -4.86% | Sep 28, 2016 | 62 | Dec 23, 2016 | 506 | Jan 3, 2019 | 568 |
| -3.6% | Feb 5, 2015 | 192 | Nov 10, 2015 | 100 | Apr 5, 2016 | 292 |
| -2.9% | Aug 16, 2019 | 51 | Oct 29, 2019 | 61 | Jan 27, 2020 | 112 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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