HAF.TO vs. BND.TO
HAF.TO (Global X Active Global Fixed Income ETF) and BND.TO (Purpose Global Bond Fund) are both Global Bonds funds. Both are actively managed. Over the past 10 years, HAF.TO returned 2.95%/yr vs 3.04%/yr for BND.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
HAF.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAF.TO achieves a 2.70% return, which is significantly higher than BND.TO's 1.55% return. Both investments have delivered pretty close results over the past 10 years, with HAF.TO having a 2.95% annualized return and BND.TO not far ahead at 3.04%.
HAF.TO
- 1D
- 0.29%
- 1M
- 0.56%
- YTD
- 2.70%
- 6M
- 3.43%
- 1Y
- 3.00%
- 3Y*
- 5.57%
- 5Y*
- 2.57%
- 10Y*
- 2.95%
BND.TO
- 1D
- 0.22%
- 1M
- 1.11%
- YTD
- 1.55%
- 6M
- 1.75%
- 1Y
- 5.96%
- 3Y*
- 7.48%
- 5Y*
- 3.28%
- 10Y*
- 3.04%
HAF.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAF.TO Global X Active Global Fixed Income ETF | 2.70% | 2.56% | 3.65% | 10.92% | -6.00% | 1.88% | 2.75% | 3.00% | 0.23% | 4.03% |
BND.TO Purpose Global Bond Fund | 1.55% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 6.14% | 4.16% | -0.91% | 1.72% |
Correlation
The correlation between HAF.TO and BND.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.13 |
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Return for Risk
HAF.TO vs. BND.TO — Risk / Return Rank
HAF.TO
BND.TO
HAF.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Global Fixed Income ETF (HAF.TO) and Purpose Global Bond Fund (BND.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.
| HAF.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.36 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.09 | -1.31 |
| Martin ratioReturn relative to average drawdown | 1.73 | 8.59 | -6.86 |
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Drawdowns
HAF.TO vs. BND.TO - Drawdown Comparison
The maximum HAF.TO drawdown since its inception was -30.65%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for HAF.TO and BND.TO.
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Drawdown Indicators
| HAF.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.65% | -16.55% | -14.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -2.87% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -4.46% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -12.13% | -12.43% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -28.04% | -16.55% | -11.49% |
Current DrawdownCurrent decline from peak | -0.43% | -0.11% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -2.10% | -7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 0.70% | +1.03% |
Volatility
HAF.TO vs. BND.TO - Volatility Comparison
Global X Active Global Fixed Income ETF (HAF.TO) has a higher volatility of 1.77% compared to Purpose Global Bond Fund (BND.TO) at 1.22%. This indicates that HAF.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAF.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.22% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 2.72% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.86% | 3.14% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 5.10% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.11% | 5.15% | +5.96% |
Dividends
HAF.TO vs. BND.TO - Dividend Comparison
HAF.TO's dividend yield for the trailing twelve months is around 4.97%, less than BND.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.82% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
HAF.TO Global X Active Global Fixed Income ETF | 4.97% | 5.05% | 5.47% | 5.34% | 4.36% | 2.41% | 3.08% | 3.23% | 2.82% | 3.11% | 3.98% | 3.84% |
Frequently Asked Questions
HAF.TO and BND.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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