HAL.TO vs. XEG.TO
HAL.TO (Global X Active Canadian Dividend ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - HAL.TO is a Canada Equities fund actively managed by Global X, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. HAL.TO is actively managed, while XEG.TO is passively managed. Over the past 10 years, HAL.TO returned 12.01%/yr vs 10.26%/yr for XEG.TO. At a 0.37 correlation, their price movements are largely independent. HAL.TO charges 0.67%/yr vs 0.60%/yr for XEG.TO.
Performance
HAL.TO vs. XEG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAL.TO achieves a 20.02% return, which is significantly lower than XEG.TO's 25.59% return. Over the past 10 years, HAL.TO has outperformed XEG.TO with an annualized return of 12.01%, while XEG.TO has yielded a comparatively lower 10.26% annualized return.
HAL.TO
- 1D
- 0.22%
- 1M
- 4.06%
- YTD
- 20.02%
- 6M
- 19.99%
- 1Y
- 43.63%
- 3Y*
- 22.23%
- 5Y*
- 15.03%
- 10Y*
- 12.01%
XEG.TO
- 1D
- -0.25%
- 1M
- -7.91%
- YTD
- 25.59%
- 6M
- 25.40%
- 1Y
- 45.16%
- 3Y*
- 22.26%
- 5Y*
- 25.66%
- 10Y*
- 10.26%
HAL.TO vs. XEG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAL.TO Global X Active Canadian Dividend ETF | 20.02% | 24.60% | 21.69% | -0.73% | 3.43% | 21.17% | -2.63% | 22.29% | -3.89% | 7.26% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 25.59% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
Correlation
The correlation between HAL.TO and XEG.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2010 | 0.37 |
Over the past year, the correlation between HAL.TO and XEG.TO has dropped to 0.07 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
HAL.TO vs. XEG.TO - Sectors Allocation Comparison
Sectors
HAL.TO
XEG.TO
Financial Services
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Energy
Industrials
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Basic Materials
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Utilities
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Consumer Defensive
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Real Estate
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Consumer Cyclical
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Communication Services
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Healthcare
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Technology
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-
Financial Services
HAL.TO
XEG.TO
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Energy
HAL.TO
XEG.TO
Industrials
HAL.TO
XEG.TO
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Basic Materials
HAL.TO
XEG.TO
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Utilities
HAL.TO
XEG.TO
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Consumer Defensive
HAL.TO
XEG.TO
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Real Estate
HAL.TO
XEG.TO
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Consumer Cyclical
HAL.TO
XEG.TO
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Communication Services
HAL.TO
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XEG.TO
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Healthcare
HAL.TO
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XEG.TO
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Technology
HAL.TO
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XEG.TO
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Return for Risk
HAL.TO vs. XEG.TO — Risk / Return Rank
HAL.TO
XEG.TO
HAL.TO vs. XEG.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 S&P/TSX Capped Energy Index ETF (XEG.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.
| HAL.TO | XEG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.32 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 8.52 | 2.75 | +5.76 |
| Martin ratioReturn relative to average drawdown | 38.49 | 9.67 | +28.83 |
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Drawdowns
HAL.TO vs. XEG.TO - Drawdown Comparison
The maximum HAL.TO drawdown since its inception was -39.70%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for HAL.TO and XEG.TO.
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Drawdown Indicators
| HAL.TO | XEG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.70% | -87.51% | +47.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -16.47% | +11.32% |
Max Drawdown (3Y)Largest decline over 3 years | -12.44% | -25.67% | +13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -28.42% | +11.99% |
Max Drawdown (10Y)Largest decline over 10 years | -39.70% | -79.66% | +39.96% |
Current DrawdownCurrent decline from peak | 0.00% | -16.47% | +16.47% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -34.58% | +29.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 4.68% | -3.54% |
Volatility
HAL.TO vs. XEG.TO - Volatility Comparison
The current volatility for Global X Active Canadian Dividend ETF (HAL.TO) is 2.43%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 8.29%. This indicates that HAL.TO experiences smaller price fluctuations and is considered to be less risky than XEG.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.TO | XEG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 8.29% | -5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 19.87% | -11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.82% | 23.35% | -13.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 28.65% | -16.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 33.38% | -15.67% |
HAL.TO vs. XEG.TO - Expense Ratio Comparison
HAL.TO has a 0.67% expense ratio, which is higher than XEG.TO's 0.60% expense ratio.
Dividends
HAL.TO vs. XEG.TO - Dividend Comparison
HAL.TO's dividend yield for the trailing twelve months is around 1.90%, less than XEG.TO's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAL.TO Global X Active Canadian Dividend ETF | 1.90% | 2.37% | 2.79% | 3.60% | 4.84% | 2.99% | 3.57% | 3.03% | 3.50% | 3.32% | 2.99% | 3.62% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.93% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
HAL.TO and XEG.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEG.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEG.TO is cheaper with a 0.60% expense ratio, compared with 0.67% for HAL.TO.
HAL.TO is categorized as Canada Equities, while XEG.TO is Energy Equities. They also come from different issuers: Global X and iShares. Their fees differ too: 0.67% for HAL.TO and 0.60% for XEG.TO.
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