CRQ.NEO vs. HXH.TO
CRQ.NEO (iShares Canadian Fundamental Index ETF) and HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) are both Canada Equities funds - CRQ.NEO tracks the FTSE RAFI Canada Index while HXH.TO tracks the Solactive Canadian High Dividend Yield Index. Both are passively managed. Over the past 10 years, CRQ.NEO returned 13.46%/yr vs 11.73%/yr for HXH.TO. A 0.64 correlation means they provide meaningful diversification when combined. CRQ.NEO charges 0.72%/yr vs 0.11%/yr for HXH.TO.
Performance
CRQ.NEO vs. HXH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CRQ.NEO achieves a 17.22% return, which is significantly lower than HXH.TO's 20.80% return. Over the past 10 years, CRQ.NEO has outperformed HXH.TO with an annualized return of 13.46%, while HXH.TO has yielded a comparatively lower 11.73% annualized return.
CRQ.NEO
- 1D
- 1.11%
- 1M
- 4.70%
- YTD
- 17.22%
- 6M
- 20.22%
- 1Y
- 44.45%
- 3Y*
- 26.75%
- 5Y*
- 17.85%
- 10Y*
- 13.46%
HXH.TO
- 1D
- 0.41%
- 1M
- 3.23%
- YTD
- 20.80%
- 6M
- 21.66%
- 1Y
- 42.18%
- 3Y*
- 22.00%
- 5Y*
- 16.16%
- 10Y*
- 11.73%
CRQ.NEO vs. HXH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 17.22% | 31.87% | 22.17% | 9.76% | 0.89% | 33.95% | -2.73% | 19.66% | -10.18% | 6.98% |
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF | 20.80% | 25.86% | 15.24% | 6.33% | 5.00% | 34.51% | -7.66% | 22.17% | -14.86% | 8.10% |
Correlation
The correlation between CRQ.NEO and HXH.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2016 | 0.64 |
The correlation between CRQ.NEO and HXH.TO shifts across timeframes, from 0.50 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRQ.NEO vs. HXH.TO — Risk / Return Rank
CRQ.NEO
HXH.TO
CRQ.NEO vs. HXH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) and Global X Canadian High Dividend Index Corporate Class ETF (HXH.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.
| CRQ.NEO | HXH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 2.12 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.53 | 16.79 | -10.26 |
| Martin ratioReturn relative to average drawdown | 31.92 | 52.44 | -20.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRQ.NEO | HXH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.55 | 5.17 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.45 | 1.33 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.73 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.76 | -0.07 |
Drawdowns
CRQ.NEO vs. HXH.TO - Drawdown Comparison
The maximum CRQ.NEO drawdown since its inception was -41.75%, roughly equal to the maximum HXH.TO drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and HXH.TO.
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Drawdown Indicators
| CRQ.NEO | HXH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -40.80% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -2.52% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | -10.55% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -15.88% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | -40.80% | -0.95% |
Current DrawdownCurrent decline from peak | 0.00% | -0.32% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -4.86% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 0.81% | +0.59% |
Volatility
CRQ.NEO vs. HXH.TO - Volatility Comparison
iShares Canadian Fundamental Index ETF (CRQ.NEO) has a higher volatility of 3.13% compared to Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) at 2.94%. This indicates that CRQ.NEO's price experiences larger fluctuations and is considered to be riskier than HXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRQ.NEO | HXH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 2.94% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 6.79% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.81% | 8.23% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 12.18% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 16.05% | +0.22% |
CRQ.NEO vs. HXH.TO - Expense Ratio Comparison
CRQ.NEO has a 0.72% expense ratio, which is higher than HXH.TO's 0.11% expense ratio.
Dividends
CRQ.NEO vs. HXH.TO - Dividend Comparison
CRQ.NEO's dividend yield for the trailing twelve months is around 1.87%, while HXH.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 1.87% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRQ.NEO and HXH.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.72% for CRQ.NEO.
CRQ.NEO tracks FTSE RAFI Canada Index, while HXH.TO tracks Solactive Canadian High Dividend Yield Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.72% for CRQ.NEO and 0.11% for HXH.TO.
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