HAD.TO vs. XAGH.TO

Last updated Jul 16, 2026

HAD.TO (Global X Active Canadian Bond ETF) and XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) are both Total Bond Market funds. HAD.TO is actively managed, while XAGH.TO is passively managed. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

HAD.TO vs. XAGH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Canadian Bond ETF (HAD.TO) and iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HAD.TO

• 1D: 0.33%
• 1M: -0.58%
• 6M: 0.64%
• YTD: 0.97%
• 1Y: 4.00%
• 3Y*: 4.26%
• 5Y*: 0.24%
• 10Y*: 1.37%

XAGH.TO

• 1D: 0.28%
• 1M: -0.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HAD.TO vs. XAGH.TO - Yearly Performance Comparison

	2026 (YTD)
HAD.TO Global X Active Canadian Bond ETF	0.64%
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	-0.56%

Correlation

The correlation between HAD.TO and XAGH.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.52

Return for Risk

HAD.TO vs. XAGH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HAD.TO

HAD.TO Risk / Return Rank: 27
HAD.TO Sharpe Ratio Rank: 26
HAD.TO Sortino Ratio Rank: 25
HAD.TO Omega Ratio Rank: 24
HAD.TO Calmar Ratio Rank: 31
HAD.TO Martin Ratio Rank: 30

XAGH.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HAD.TO vs. XAGH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Active Canadian Bond ETF (HAD.TO) and iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.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.

	HAD.TO	XAGH.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.81	—	—
Sortino ratio: Return per unit of downside risk	1.20	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.32	—	—
Martin ratio: Return relative to average drawdown	3.48	—	—

Drawdowns

HAD.TO vs. XAGH.TO - Drawdown Comparison

The maximum HAD.TO drawdown since its inception was -22.77%, which is greater than XAGH.TO's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for HAD.TO and XAGH.TO.

Drawdown Indicators

	HAD.TO	XAGH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.77%	-3.18%	-19.59%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.77%	—	—
Current Drawdown Current decline from peak	-4.38%	-2.22%	-2.16%
Average Drawdown Average peak-to-trough decline	-5.45%	-1.43%	-4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	—	—

Volatility

Volatility by Period

	HAD.TO	XAGH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.98%	5.21%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.06%	5.21%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.90%	5.21%	+3.69%

Dividends

HAD.TO vs. XAGH.TO - Dividend Comparison

HAD.TO's dividend yield for the trailing twelve months is around 3.73%, more than XAGH.TO's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAD.TO Global X Active Canadian Bond ETF	3.73%	3.46%	3.14%	3.04%	3.12%	2.09%	2.04%	2.29%	2.64%	2.85%	2.96%	2.61%
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	1.91%	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

Can I hold both HAD.TO and XAGH.TO in my portfolio?

HAD.TO and XAGH.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HAD.TO and XAGH.TO?

They also come from different issuers: Global X and iShares.