ESGA.TO vs. HXH.TO
ESGA.TO (BMO MSCI Canada Selection Equity Index ETF) and HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) are both Canada Equities funds. Over the past 5 years, ESGA.TO returned 12.40%/yr vs 16.32%/yr for HXH.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
ESGA.TO vs. HXH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGA.TO achieves a 8.01% return, which is significantly lower than HXH.TO's 21.04% return.
ESGA.TO
- 1D
- 0.16%
- 1M
- 2.81%
- YTD
- 8.01%
- 6M
- 7.25%
- 1Y
- 28.36%
- 3Y*
- 22.99%
- 5Y*
- 12.40%
- 10Y*
- —
HXH.TO
- 1D
- -0.52%
- 1M
- 2.18%
- YTD
- 21.04%
- 6M
- 19.64%
- 1Y
- 41.78%
- 3Y*
- 22.00%
- 5Y*
- 16.32%
- 10Y*
- 11.86%
ESGA.TO vs. HXH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 8.01% | 32.44% | 21.41% | 13.92% | -15.59% | 24.90% | 7.30% |
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF | 21.04% | 25.86% | 15.24% | 6.33% | 5.00% | 34.51% | -8.29% |
Correlation
The correlation between ESGA.TO and HXH.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | 0.44 |
The correlation between ESGA.TO and HXH.TO shifts across timeframes, from 0.25 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESGA.TO vs. HXH.TO — Risk / Return Rank
ESGA.TO
HXH.TO
ESGA.TO vs. HXH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Canada Selection Equity Index ETF (ESGA.TO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESGA.TO | HXH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.72 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 2.06 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 16.63 | -13.28 |
| Martin ratioReturn relative to average drawdown | 11.99 | 51.19 | -39.20 |
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Drawdowns
ESGA.TO vs. HXH.TO - Drawdown Comparison
The maximum ESGA.TO drawdown since its inception was -32.68%, smaller than the maximum HXH.TO drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for ESGA.TO and HXH.TO.
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Drawdown Indicators
| ESGA.TO | HXH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -40.80% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -2.52% | -5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | -10.55% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.40% | -15.48% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.80% | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.15% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -4.83% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.82% | +1.55% |
Volatility
ESGA.TO vs. HXH.TO - Volatility Comparison
BMO MSCI Canada Selection Equity Index ETF (ESGA.TO) has a higher volatility of 3.14% compared to Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) at 2.44%. This indicates that ESGA.TO'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
| ESGA.TO | HXH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 2.44% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 6.74% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 8.34% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 12.20% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 16.00% | +0.23% |
Dividends
ESGA.TO vs. HXH.TO - Dividend Comparison
ESGA.TO'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 |
|---|---|---|---|---|---|---|---|
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 1.87% | 1.93% | 2.50% | 2.98% | 3.42% | 2.66% | 3.23% |
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% |
Frequently Asked Questions
ESGA.TO and HXH.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Global X.
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