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HAL.TO vs. XCSR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAL.TO vs. XCSR.TO

Last updated Jun 5, 2026

HAL.TO (Global X Active Canadian Dividend ETF) and XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) are both Canada Equities funds. HAL.TO is actively managed, while XCSR.TO is passively managed. Over the past 5 years, HAL.TO returned 15.10%/yr vs 13.66%/yr for XCSR.TO. A 0.70 correlation means they provide meaningful diversification when combined. HAL.TO charges 0.67%/yr vs 0.17%/yr for XCSR.TO.

Performance

HAL.TO vs. XCSR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Canadian Dividend ETF (HAL.TO) and iShares ESG Advanced MSCI Canada Index ETF (XCSR.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, HAL.TO achieves a 18.22% return, which is significantly higher than XCSR.TO's 7.96% return.

HAL.TO

1D
0.80%
1M
4.37%
YTD
18.22%
6M
21.01%
1Y
44.00%
3Y*
21.73%
5Y*
15.10%
10Y*
11.72%

XCSR.TO

1D
1.26%
1M
6.36%
YTD
7.96%
6M
7.56%
1Y
32.34%
3Y*
25.22%
5Y*
13.66%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAL.TO vs. XCSR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HAL.TO
Global X Active Canadian Dividend ETF		18.22%24.60%21.69%-0.73%3.43%21.17%17.90%
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		7.96%35.35%23.27%15.18%-14.41%22.30%4,511.52%

Correlation

The correlation between HAL.TO and XCSR.TO is 0.65, 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

0.65

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

0.68

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

0.71

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2020

0.70

The correlation between HAL.TO and XCSR.TO has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

HAL.TO vs. XCSR.TO - Sectors Allocation Comparison

Sectors
HAL.TO
XCSR.TO

Energy

25.2%

-

Financial Services

24.9%
49.4%

Industrials

15.3%
6.1%

Basic Materials

12.9%
17.5%

Utilities

12.6%
1.1%

Consumer Defensive

4.0%
5.7%

Real Estate

3.2%
1.5%

Consumer Cyclical

1.8%
3.0%

Communication Services

-

1.2%

Healthcare

-

0.2%

Technology

-

14.2%

Energy

HAL.TO
25.2%
XCSR.TO

-

Financial Services

HAL.TO
24.9%
XCSR.TO
49.4%

Industrials

HAL.TO
15.3%
XCSR.TO
6.1%

Basic Materials

HAL.TO
12.9%
XCSR.TO
17.5%

Utilities

HAL.TO
12.6%
XCSR.TO
1.1%

Consumer Defensive

HAL.TO
4.0%
XCSR.TO
5.7%

Real Estate

HAL.TO
3.2%
XCSR.TO
1.5%

Consumer Cyclical

HAL.TO
1.8%
XCSR.TO
3.0%

Communication Services

HAL.TO

-

XCSR.TO
1.2%

Healthcare

HAL.TO

-

XCSR.TO
0.2%

Technology

HAL.TO

-

XCSR.TO
14.2%

Compare stocks, funds, or ETFs

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

Global X Active Canadian Dividend ETF

iShares ESG Advanced MSCI Canada Index ETF

Often compared with HAL.TO:
HAL.TO vs. HXH.TOHAL.TO vs. HCA.TOHAL.TO vs. CASH.TOHAL.TO vs. CFOU.TOHAL.TO vs. CBIL.TOHAL.TO vs. HBNK.TOHAL.TO vs. XCS.TO
Often compared with XCSR.TO:
XCSR.TO vs. XESG.TOXCSR.TO vs. XCS.TOXCSR.TO vs. XUSR.TOXCSR.TO vs. XEN.TOXCSR.TO vs. XMD.TOXCSR.TO vs. XIT.TOXCSR.TO vs. CSIQ

Return for Risk

HAL.TO vs. XCSR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAL.TO
HAL.TO Risk / Return Rank: 9797
Overall Rank
HAL.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HAL.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
HAL.TO Omega Ratio Rank: 9797
Omega Ratio Rank
HAL.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
HAL.TO Martin Ratio Rank: 9696
Martin Ratio Rank
XCSR.TO
XCSR.TO Risk / Return Rank: 6464
Overall Rank
XCSR.TO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
XCSR.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
XCSR.TO Omega Ratio Rank: 6464
Omega Ratio Rank
XCSR.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XCSR.TO Martin Ratio Rank: 6565
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.

HAL.TO vs. XCSR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Active Canadian Dividend ETF (HAL.TO) and iShares ESG Advanced MSCI Canada Index ETF (XCSR.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.

HAL.TOXCSR.TODifference
Sharpe ratioReturn per unit of total volatility
4.64
2.15

+2.48

Sortino ratioReturn per unit of downside risk
6.25
2.89

+3.37

Omega ratioGain probability vs. loss probability

1.97

1.38

+0.59

Calmar ratioReturn relative to maximum drawdown

8.59

2.92

+5.67

Martin ratioReturn relative to average drawdown

39.20

11.63

+27.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAL.TO vs. XCSR.TO - Sharpe Ratio Comparison

The current HAL.TO Sharpe Ratio is 4.64, which is higher than the XCSR.TO Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of HAL.TO and XCSR.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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Sharpe Ratios by Period

HAL.TOXCSR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.64

2.15

+2.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.23

0.98

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.08

+0.71

Drawdowns

HAL.TO vs. XCSR.TO - Drawdown Comparison

The maximum HAL.TO drawdown since its inception was -39.70%, which is greater than XCSR.TO's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for HAL.TO and XCSR.TO.

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Drawdown Indicators

HAL.TOXCSR.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.70%

-23.56%

-16.14%

Max Drawdown (1Y)

Largest decline over 1 year

-5.15%

-11.12%

+5.97%

Max Drawdown (3Y)

Largest decline over 3 years

-12.44%

-12.14%

-0.30%

Max Drawdown (5Y)

Largest decline over 5 years

-16.43%

-23.56%

+7.13%

Max Drawdown (10Y)

Largest decline over 10 years

-39.70%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.19%

-5.12%

+0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.13%

2.79%

-1.66%

Volatility

HAL.TO vs. XCSR.TO - Volatility Comparison

The current volatility for Global X Active Canadian Dividend ETF (HAL.TO) is 2.55%, while iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) has a volatility of 4.09%. This indicates that HAL.TO experiences smaller price fluctuations and is considered to be less risky than XCSR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HAL.TOXCSR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

4.09%

-1.54%

Volatility (6M)

Calculated over the trailing 6-month period

7.83%

12.50%

-4.67%

Volatility (1Y)

Calculated over the trailing 1-year period

9.55%

15.11%

-5.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.36%

13.95%

-1.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.85%

1,367.87%

-1,353.02%

HAL.TO vs. XCSR.TO - Expense Ratio Comparison

HAL.TO has a 0.67% expense ratio, which is higher than XCSR.TO's 0.17% expense ratio.

Dividends

HAL.TO vs. XCSR.TO - Dividend Comparison

HAL.TO's dividend yield for the trailing twelve months is around 1.95%, more than XCSR.TO's 1.63% yield.

PositionTTM20252024202320222021202020192018201720162015
HAL.TO
Global X Active Canadian Dividend ETF		1.95%2.37%2.79%3.60%4.84%2.99%3.56%2.96%3.43%3.17%2.84%3.19%
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		1.63%1.73%2.20%2.61%2.78%1.53%0.81%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HAL.TO and XCSR.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XCSR.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XCSR.TO is cheaper with a 0.17% expense ratio, compared with 0.67% for HAL.TO.

They also come from different issuers: Global X and iShares. Their fees differ too: 0.67% for HAL.TO and 0.17% for XCSR.TO.

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