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FHG.TO vs. XGI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FHG.TO vs. XGI.TO

Last updated Jul 16, 2026
Documentation

FHG.TO (First Trust AlphaDEX U.S. Industrials Sector Index ETF) and XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) are both Industrials Equities funds - FHG.TO tracks the StrataQuant Industrials Index while XGI.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, FHG.TO returned 13.82%/yr vs 11.88%/yr for XGI.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

FHG.TO vs. XGI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) and iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.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, FHG.TO achieves a 13.37% return, which is significantly higher than XGI.TO's 12.09% return. Over the past 10 years, FHG.TO has outperformed XGI.TO with an annualized return of 13.82%, while XGI.TO has yielded a comparatively lower 11.88% annualized return.

FHG.TO

1D
0.89%
1M
-0.52%
6M
4.59%
YTD
13.37%
1Y
19.43%
3Y*
16.34%
5Y*
11.58%
10Y*
13.82%

XGI.TO

1D
0.04%
1M
0.73%
6M
6.74%
YTD
12.09%
1Y
20.43%
3Y*
18.69%
5Y*
12.46%
10Y*
11.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FHG.TO vs. XGI.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FHG.TO
First Trust AlphaDEX U.S. Industrials Sector Index ETF		13.37%2.40%26.33%23.13%-11.70%27.10%7.70%29.30%-11.05%15.22%
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		12.09%20.93%16.18%21.83%-8.79%14.92%4.64%26.41%-11.83%20.23%

Correlation

The correlation between FHG.TO and XGI.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.62

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

0.53

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

0.50

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

0.33

Correlation (All Time)
Calculated using the full available price history since Oct 30, 2014

0.30

Over the past year, FHG.TO and XGI.TO have become more correlated (0.62) than their long-term average of 0.30, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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First Trust AlphaDEX U.S. Industrials Sector Index ETF

iShares S&P Global Industrials Index ETF (CAD-Hedged)

Often compared with XGI.TO:
XGI.TO vs. CEW.TOXGI.TO vs. SPGIXGI.TO vs. CIF.TOXGI.TO vs. XUU.TOXGI.TO vs. XDIV.TOXGI.TO vs. ZDJ.TOXGI.TO vs. EQL.TO

Return for Risk

FHG.TO vs. XGI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FHG.TO
FHG.TO Risk / Return Rank: 3535
Overall Rank
FHG.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
FHG.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
FHG.TO Omega Ratio Rank: 3434
Omega Ratio Rank
FHG.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
FHG.TO Martin Ratio Rank: 3737
Martin Ratio Rank
XGI.TO
XGI.TO Risk / Return Rank: 4646
Overall Rank
XGI.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XGI.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XGI.TO Omega Ratio Rank: 4646
Omega Ratio Rank
XGI.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XGI.TO Martin Ratio Rank: 5151
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.

FHG.TO vs. XGI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) and iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.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.

FHG.TOXGI.TODifference
Sharpe ratioReturn per unit of total volatility
1.01
1.31

-0.30

Sortino ratioReturn per unit of downside risk
1.69
1.95

-0.27

Omega ratioGain probability vs. loss probability

1.20

1.25

-0.05

Calmar ratioReturn relative to maximum drawdown

1.50

1.75

-0.25

Martin ratioReturn relative to average drawdown

4.69

6.87

-2.19

FHG.TO vs. XGI.TO - Sharpe Ratio Comparison

The current FHG.TO Sharpe Ratio is 1.01, which is comparable to the XGI.TO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FHG.TO and XGI.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

FHG.TO vs. XGI.TO - Drawdown Comparison

The maximum FHG.TO drawdown since its inception was -38.86%, smaller than the maximum XGI.TO drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FHG.TO and XGI.TO.

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Drawdown Indicators

FHG.TOXGI.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.86%

-42.61%

+3.75%

Max Drawdown (1Y)

Largest decline over 1 year

-13.01%

-11.74%

-1.27%

Max Drawdown (3Y)

Largest decline over 3 years

-25.15%

-16.14%

-9.01%

Max Drawdown (5Y)

Largest decline over 5 years

-25.15%

-24.78%

-0.37%

Max Drawdown (10Y)

Largest decline over 10 years

-38.86%

-42.61%

+3.75%

Current Drawdown

Current decline from peak

-3.09%

-4.05%

+0.96%

Average Drawdown

Average peak-to-trough decline

-6.06%

-5.75%

-0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.16%

2.98%

+1.18%

Volatility

FHG.TO vs. XGI.TO - Volatility Comparison

First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) and iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) have volatilities of 5.00% and 5.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FHG.TOXGI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.00%

5.21%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

14.93%

13.62%

+1.31%

Volatility (1Y)

Calculated over the trailing 1-year period

19.24%

15.66%

+3.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.90%

17.24%

+1.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.79%

23.99%

-4.20%

Dividends

FHG.TO vs. XGI.TO - Dividend Comparison

FHG.TO's dividend yield for the trailing twelve months is around 0.57%, less than XGI.TO's 1.24% yield.

PositionTTM20252024202320222021202020192018201720162015
FHG.TO
First Trust AlphaDEX U.S. Industrials Sector Index ETF		0.57%0.40%1.09%0.77%1.33%0.34%1.11%0.57%1.36%0.54%0.24%0.58%
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		1.24%1.54%2.69%1.24%1.34%0.91%0.96%1.30%1.88%1.15%1.39%1.46%

Frequently Asked Questions

FHG.TO and XGI.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FHG.TO tracks StrataQuant Industrials Index, while XGI.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: First Trust and iShares.

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