FIE.TO vs. HAL.TO
FIE.TO (iShares Canadian Financial Monthly Income ETF) and HAL.TO (Global X Active Canadian Dividend ETF) are both Canada Equities funds. FIE.TO is passively managed, while HAL.TO is actively managed. Over the past 10 years, FIE.TO returned 11.90%/yr vs 11.69%/yr for HAL.TO. A 0.55 correlation means they provide meaningful diversification when combined. FIE.TO charges 0.85%/yr vs 0.67%/yr for HAL.TO.
Performance
FIE.TO vs. HAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FIE.TO achieves a 8.54% return, which is significantly lower than HAL.TO's 17.28% return. Both investments have delivered pretty close results over the past 10 years, with FIE.TO having a 11.90% annualized return and HAL.TO not far behind at 11.69%.
FIE.TO
- 1D
- -0.37%
- 1M
- 2.99%
- YTD
- 8.54%
- 6M
- 12.57%
- 1Y
- 31.11%
- 3Y*
- 24.63%
- 5Y*
- 12.71%
- 10Y*
- 11.90%
HAL.TO
- 1D
- 1.49%
- 1M
- 3.85%
- YTD
- 17.28%
- 6M
- 20.97%
- 1Y
- 42.29%
- 3Y*
- 21.26%
- 5Y*
- 14.92%
- 10Y*
- 11.69%
FIE.TO vs. HAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 8.54% | 28.28% | 27.54% | 12.58% | -14.35% | 29.02% | 1.33% | 18.97% | -9.12% | 12.01% |
HAL.TO Global X Active Canadian Dividend ETF | 17.28% | 24.60% | 21.69% | -0.73% | 3.43% | 21.17% | -2.64% | 25.04% | -6.22% | 7.10% |
Correlation
The correlation between FIE.TO and HAL.TO is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2010 | 0.55 |
The correlation between FIE.TO and HAL.TO shifts across timeframes, from 0.55 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
FIE.TO vs. HAL.TO - Sectors Allocation Comparison
Sectors
FIE.TO
HAL.TO
Financial Services
Real Estate
Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Healthcare
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Industrials
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Technology
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-
Utilities
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Financial Services
FIE.TO
HAL.TO
Real Estate
FIE.TO
HAL.TO
Basic Materials
FIE.TO
-
HAL.TO
Communication Services
FIE.TO
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HAL.TO
-
Consumer Cyclical
FIE.TO
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HAL.TO
Consumer Defensive
FIE.TO
-
HAL.TO
Energy
FIE.TO
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HAL.TO
Healthcare
FIE.TO
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HAL.TO
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Industrials
FIE.TO
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HAL.TO
Technology
FIE.TO
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HAL.TO
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Utilities
FIE.TO
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HAL.TO
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Return for Risk
FIE.TO vs. HAL.TO — Risk / Return Rank
FIE.TO
HAL.TO
FIE.TO vs. HAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Financial Monthly Income ETF (FIE.TO) and Global X Active Canadian Dividend ETF (HAL.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.
| FIE.TO | HAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.93 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 8.26 | -2.78 |
| Martin ratioReturn relative to average drawdown | 22.60 | 37.67 | -15.07 |
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
| FIE.TO | HAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.73 | 4.46 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.21 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.79 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.79 | -0.04 |
Drawdowns
FIE.TO vs. HAL.TO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, which is greater than HAL.TO's maximum drawdown of -39.70%. Use the drawdown chart below to compare losses from any high point for FIE.TO and HAL.TO.
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Drawdown Indicators
| FIE.TO | HAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -39.70% | -2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -5.15% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -12.44% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -16.43% | -6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -42.24% | -39.70% | -2.54% |
Current DrawdownCurrent decline from peak | -1.30% | 0.00% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -4.19% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.13% | +0.25% |
Volatility
FIE.TO vs. HAL.TO - Volatility Comparison
iShares Canadian Financial Monthly Income ETF (FIE.TO) has a higher volatility of 2.87% compared to Global X Active Canadian Dividend ETF (HAL.TO) at 2.48%. This indicates that FIE.TO's price experiences larger fluctuations and is considered to be riskier than HAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIE.TO | HAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.48% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 7.85% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 9.53% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 12.36% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 14.85% | -0.81% |
FIE.TO vs. HAL.TO - Expense Ratio Comparison
FIE.TO has a 0.85% expense ratio, which is higher than HAL.TO's 0.67% expense ratio.
Dividends
FIE.TO vs. HAL.TO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 4.52%, more than HAL.TO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.52% | 4.81% | 5.84% | 6.98% | 7.31% | 5.85% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
HAL.TO Global X Active Canadian Dividend ETF | 1.97% | 2.37% | 2.79% | 3.60% | 4.84% | 2.99% | 3.56% | 2.96% | 3.43% | 3.17% | 2.84% | 3.19% |
Frequently Asked Questions
FIE.TO and HAL.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HAL.TO is cheaper at 0.67% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HAL.TO is cheaper with a 0.67% expense ratio, compared with 0.85% for FIE.TO.
They also come from different issuers: iShares and Global X. Their fees differ too: 0.85% for FIE.TO and 0.67% for HAL.TO.
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