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ETP.TO vs. HAZ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ETP.TO vs. HAZ.TO

Last updated Jul 16, 2026
Documentation

ETP.TO (First Trust Global Risk Managed Income Index ETF) and HAZ.TO (Global X Active Global Dividend ETF) are both Global Equity Income funds. ETP.TO is passively managed, while HAZ.TO is actively managed. Over the past 10 years, ETP.TO returned 3.70%/yr vs 11.13%/yr for HAZ.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

ETP.TO vs. HAZ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust Global Risk Managed Income Index ETF (ETP.TO) and Global X Active Global Dividend ETF (HAZ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ETP.TO achieves a 5.10% return, which is significantly lower than HAZ.TO's 14.12% return. Over the past 10 years, ETP.TO has underperformed HAZ.TO with an annualized return of 3.70%, while HAZ.TO has yielded a comparatively higher 11.13% annualized return.

ETP.TO

1D
0.05%
1M
0.74%
6M
4.76%
YTD
5.10%
1Y
10.42%
3Y*
9.87%
5Y*
3.80%
10Y*
3.70%

HAZ.TO

1D
-0.62%
1M
1.63%
6M
11.40%
YTD
14.12%
1Y
21.46%
3Y*
18.36%
5Y*
13.70%
10Y*
11.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETP.TO vs. HAZ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ETP.TO
First Trust Global Risk Managed Income Index ETF		5.10%9.03%11.18%5.68%-10.84%6.08%-0.95%11.41%-4.09%5.12%
HAZ.TO
Global X Active Global Dividend ETF		14.12%7.49%25.38%17.61%-8.86%27.34%7.50%15.27%-4.50%12.50%

Correlation

The correlation between ETP.TO and HAZ.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Jul 23, 2014

0.22

The correlation between ETP.TO and HAZ.TO shifts across timeframes, from -0.01 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Global Risk Managed Income Index ETF

Global X Active Global Dividend ETF

Often compared with HAZ.TO:
HAZ.TO vs. TGED.TOHAZ.TO vs. ZDH.TOHAZ.TO vs. TQGD.TOHAZ.TO vs. CASH.TOHAZ.TO vs. PAYG.TOHAZ.TO vs. QQCL.TOHAZ.TO vs. XAW.TO

Return for Risk

ETP.TO vs. HAZ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ETP.TO
ETP.TO Risk / Return Rank: 9292
Overall Rank
ETP.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
ETP.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
ETP.TO Omega Ratio Rank: 9595
Omega Ratio Rank
ETP.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
ETP.TO Martin Ratio Rank: 9090
Martin Ratio Rank
HAZ.TO
HAZ.TO Risk / Return Rank: 8383
Overall Rank
HAZ.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HAZ.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
HAZ.TO Omega Ratio Rank: 7979
Omega Ratio Rank
HAZ.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
HAZ.TO Martin Ratio Rank: 8585
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.

ETP.TO vs. HAZ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Risk Managed Income Index ETF (ETP.TO) and Global X Active Global Dividend ETF (HAZ.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.

ETP.TOHAZ.TODifference
Sharpe ratioReturn per unit of total volatility
2.90
2.10

+0.80

Sortino ratioReturn per unit of downside risk
4.28
3.05

+1.23

Omega ratioGain probability vs. loss probability

1.58

1.37

+0.21

Calmar ratioReturn relative to maximum drawdown

3.90

3.93

-0.04

Martin ratioReturn relative to average drawdown

16.53

13.72

+2.82

ETP.TO vs. HAZ.TO - Sharpe Ratio Comparison

The current ETP.TO Sharpe Ratio is 2.90, which is higher than the HAZ.TO Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ETP.TO and HAZ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ETP.TO vs. HAZ.TO - Drawdown Comparison

The maximum ETP.TO drawdown since its inception was -26.38%, roughly equal to the maximum HAZ.TO drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for ETP.TO and HAZ.TO.

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Drawdown Indicators

ETP.TOHAZ.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.38%

-25.55%

-0.83%

Max Drawdown (1Y)

Largest decline over 1 year

-2.81%

-5.48%

+2.67%

Max Drawdown (3Y)

Largest decline over 3 years

-5.73%

-14.09%

+8.36%

Max Drawdown (5Y)

Largest decline over 5 years

-15.30%

-18.07%

+2.77%

Max Drawdown (10Y)

Largest decline over 10 years

-26.38%

-25.55%

-0.83%

Current Drawdown

Current decline from peak

0.00%

-1.28%

+1.28%

Average Drawdown

Average peak-to-trough decline

-3.26%

-3.22%

-0.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.66%

1.57%

-0.91%

Volatility

ETP.TO vs. HAZ.TO - Volatility Comparison

The current volatility for First Trust Global Risk Managed Income Index ETF (ETP.TO) is 0.70%, while Global X Active Global Dividend ETF (HAZ.TO) has a volatility of 2.45%. This indicates that ETP.TO experiences smaller price fluctuations and is considered to be less risky than HAZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ETP.TOHAZ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.70%

2.45%

-1.75%

Volatility (6M)

Calculated over the trailing 6-month period

2.90%

7.82%

-4.92%

Volatility (1Y)

Calculated over the trailing 1-year period

3.78%

10.29%

-6.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.86%

12.15%

-6.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.13%

14.28%

-7.15%

Dividends

ETP.TO vs. HAZ.TO - Dividend Comparison

ETP.TO's dividend yield for the trailing twelve months is around 3.62%, more than HAZ.TO's 1.26% yield.

PositionTTM20252024202320222021202020192018201720162015
ETP.TO
First Trust Global Risk Managed Income Index ETF		3.62%4.03%3.73%4.15%3.25%2.93%3.78%3.76%4.33%4.08%3.84%4.28%
HAZ.TO
Global X Active Global Dividend ETF		1.26%1.48%0.96%1.78%3.40%1.71%1.93%2.27%2.31%2.20%2.40%2.51%

Frequently Asked Questions

ETP.TO and HAZ.TO have a correlation of -0.01, 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: First Trust and Global X.

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