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Global X Enhanced All-Equity Asset Allocation ETF ...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO)

ETF · Currency in CAD · Last updated Apr 1, 2026

HEQL seeks to provide enhanced long-term capital growth by investing in a globally diversified portfolio of equity ETFs with a target allocation of 100% equity and employing approximately 25% leverage to amplify growth potential.

ETF Info

ISIN
CA37963C1005
CUSIP
37963C100
Issuer
Global X
Inception Date
Oct 10, 2023
Category
Leveraged Equities
Leveraged
1.25x
Index Tracked
No Index (Active)
Domicile
Canada
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart

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Global X Enhanced All-Equity Asset Allocation ETF CAD

Often compared with HEQL.TO:
HEQL.TO vs. XEQT.TOHEQL.TO vs. EQCL.TOHEQL.TO vs. FEQT.NEOHEQL.TO vs. MIX.TOHEQL.TO vs. VDY.TOHEQL.TO vs. CLSA.TOHEQL.TO vs. HEQT.TOHEQL.TO vs. VFV.TOHEQL.TO vs. XIC.TOHEQL.TO vs. HYLD.TOMore HEQL.TO alternatives

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in Global X Enhanced All-Equity Asset Allocation ETF CAD, 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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S&P 500 Index

Different Benchmark Currency

HEQL.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 Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) has returned 0.05% so far this year and 23.67% over the past 12 months.

Global X Enhanced All-Equity Asset Allocation ETF CAD

1D
3.03%
1M
-5.59%
YTD
0.05%
6M
3.41%
1Y
23.67%
3Y*
—
5Y*
—
10Y*
—

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 12, 2023, HEQL.TO's average daily return is +0.12%, while the average monthly return is +1.89%. At this rate, your investment would double in approximately 3.1 years.

Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +9.4%, while the worst month was Mar 2026 at -5.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HEQL.TO closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Apr 3, 2025 at -5.5%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.66%3.22%-5.59%0.05%
20254.52%-1.85%-3.17%-5.05%8.91%3.51%2.32%3.22%5.79%3.55%0.51%-0.69%22.78%
20241.61%5.45%3.67%-2.04%2.38%2.96%3.25%-0.43%4.00%0.15%5.42%-0.40%28.97%
2023-4.09%9.37%3.67%8.75%

Benchmark Metrics

Global X Enhanced All-Equity Asset Allocation ETF CAD has an annualized alpha of 22.53%, beta of 0.92, and R² of 0.61 versus S&P 500 Index. Calculated based on daily prices since October 20, 2023.

  • This ETF captured 155.21% of S&P 500 Index gains but only 45.15% of its losses — a favorable profile for investors.
  • This ETF generated an annualized alpha of 22.53% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • With beta of 0.92 and R² of 0.61, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
Alpha
22.53%
Beta
0.92
R²
0.61
Upside Capture
155.21%
Downside Capture
45.15%

Expense Ratio

HEQL.TO has a high expense ratio of 1.46%, indicating above-average management fees.

Return for Risk

Risk / Return Rank

HEQL.TO ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

HEQL.TO Risk / Return Rank: 5656
Overall Rank
HEQL.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HEQL.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
HEQL.TO Omega Ratio Rank: 6767
Omega Ratio Rank
HEQL.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
HEQL.TO Martin Ratio Rank: 4040
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) and compare them to a chosen benchmark (S&P 500 Index).

HEQL.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.24

0.69

+0.55

Sortino ratio

Return per unit of downside risk

1.82

1.06

+0.76

Omega ratio

Gain probability vs. loss probability

1.26

1.17

+0.09

Calmar ratio

Return relative to maximum drawdown

0.89

1.14

-0.25

Martin ratio

Return relative to average drawdown

3.82

4.22

-0.40

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 HEQL.TO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

HEQL.TO Sortino RatioHEQL.TO Sharpe Ratio

Dividends

Dividend History

Global X Enhanced All-Equity Asset Allocation ETF CAD provided a 1.67% dividend yield over the last twelve months, with an annual payout of CA$0.55 per share. The fund has been increasing its distributions for 2 consecutive years.

0.60%0.80%1.00%1.20%1.40%1.60%1.80%CA$0.00CA$0.10CA$0.20CA$0.30CA$0.40CA$0.50CA$0.60202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
DividendCA$0.55CA$0.60CA$0.48CA$0.12

Dividend yield

1.67%1.82%1.75%0.55%

Monthly Dividends

The table displays the monthly dividend distributions for Global X Enhanced All-Equity Asset Allocation ETF CAD. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026CA$0.05CA$0.05CA$0.00CA$0.10
2025CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.60
2024CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.48
2023CA$0.04CA$0.04CA$0.04CA$0.12

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 Enhanced All-Equity Asset Allocation ETF CAD. 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 Enhanced All-Equity Asset Allocation ETF CAD was 19.86%, occurring on Apr 8, 2025. Recovery took 45 trading sessions.

The current Global X Enhanced All-Equity Asset Allocation ETF CAD drawdown is 6.79%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.86%Feb 20, 202526Apr 8, 202545Jun 24, 202571
-10.69%Feb 26, 202617Mar 20, 2026———
-8.57%Jul 17, 202413Aug 6, 202422Sep 20, 202435
-5.16%Dec 17, 202417Jan 13, 20255Jan 22, 202522
-4.67%Nov 13, 20256Nov 20, 202510Dec 4, 202516

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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