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HAZ.TO vs. ETP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAZ.TO vs. ETP.TO

Last updated Jul 17, 2026
Documentation

HAZ.TO (Global X Active Global Dividend ETF) and ETP.TO (First Trust Global Risk Managed Income Index ETF) are both Global Equity Income funds. HAZ.TO is actively managed, while ETP.TO is passively managed. Over the past 10 years, HAZ.TO returned 11.16%/yr vs 3.70%/yr for ETP.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

HAZ.TO vs. ETP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Global Dividend ETF (HAZ.TO) and First Trust Global Risk Managed Income Index ETF (ETP.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, HAZ.TO achieves a 14.39% return, which is significantly higher than ETP.TO's 5.10% return. Over the past 10 years, HAZ.TO has outperformed ETP.TO with an annualized return of 11.16%, while ETP.TO has yielded a comparatively lower 3.70% annualized return.

HAZ.TO

1D
0.24%
1M
2.03%
6M
11.72%
YTD
14.39%
1Y
22.22%
3Y*
18.40%
5Y*
13.75%
10Y*
11.16%

ETP.TO

1D
0.05%
1M
0.74%
6M
4.82%
YTD
5.10%
1Y
10.80%
3Y*
9.87%
5Y*
3.80%
10Y*
3.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAZ.TO vs. ETP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HAZ.TO
Global X Active Global Dividend ETF		14.39%7.49%25.38%17.61%-8.86%27.34%7.50%15.27%-4.50%12.50%
ETP.TO
First Trust Global Risk Managed Income Index ETF		5.10%9.03%11.18%5.68%-10.84%6.08%-0.95%11.41%-4.09%5.12%

Correlation

The correlation between HAZ.TO and ETP.TO is -0.02, 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

-0.02

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

0.11

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

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Jul 23, 2014

0.22

The correlation between HAZ.TO and ETP.TO shifts across timeframes, from -0.02 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

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 Global Dividend ETF

First Trust Global Risk Managed Income Index ETF

Often compared with HAZ.TO:
HAZ.TO vs. TGED.TOHAZ.TO vs. ZDH.TOHAZ.TO vs. TQGD.TOHAZ.TO vs. CASH.TOHAZ.TO vs. PAYG.TOHAZ.TO vs. XAW.TOHAZ.TO vs. QQCL.TO
Often compared with ETP.TO:
ETP.TO vs. BDIV.TOETP.TO vs. DXG.TOETP.TO vs. FDN.TOETP.TO vs. FHG.TOETP.TO vs. FHH.TOETP.TO vs. FHQ.TOETP.TO vs. FINT.TO

Return for Risk

HAZ.TO vs. ETP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAZ.TO
HAZ.TO Risk / Return Rank: 8585
Overall Rank
HAZ.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
HAZ.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
HAZ.TO Omega Ratio Rank: 8181
Omega Ratio Rank
HAZ.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
HAZ.TO Martin Ratio Rank: 8686
Martin Ratio Rank
ETP.TO
ETP.TO Risk / Return Rank: 9292
Overall Rank
ETP.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
ETP.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
ETP.TO Omega Ratio Rank: 9595
Omega Ratio Rank
ETP.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
ETP.TO Martin Ratio Rank: 9191
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.

HAZ.TO vs. ETP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Active Global Dividend ETF (HAZ.TO) and First Trust Global Risk Managed Income Index ETF (ETP.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.

HAZ.TOETP.TODifference
Sharpe ratioReturn per unit of total volatility
2.17
2.90

-0.73

Sortino ratioReturn per unit of downside risk
3.16
4.28

-1.13

Omega ratioGain probability vs. loss probability

1.38

1.58

-0.20

Calmar ratioReturn relative to maximum drawdown

4.08

3.90

+0.18

Martin ratioReturn relative to average drawdown

14.19

16.53

-2.34

HAZ.TO vs. ETP.TO - Sharpe Ratio Comparison

The current HAZ.TO Sharpe Ratio is 2.17, which is comparable to the ETP.TO Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of HAZ.TO and ETP.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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Drawdowns

HAZ.TO vs. ETP.TO - Drawdown Comparison

The maximum HAZ.TO drawdown since its inception was -25.55%, roughly equal to the maximum ETP.TO drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for HAZ.TO and ETP.TO.

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Drawdown Indicators

HAZ.TOETP.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.55%

-26.38%

+0.83%

Max Drawdown (1Y)

Largest decline over 1 year

-5.48%

-2.81%

-2.67%

Max Drawdown (3Y)

Largest decline over 3 years

-14.09%

-5.73%

-8.36%

Max Drawdown (5Y)

Largest decline over 5 years

-18.07%

-15.30%

-2.77%

Max Drawdown (10Y)

Largest decline over 10 years

-25.55%

-26.38%

+0.83%

Current Drawdown

Current decline from peak

-1.05%

0.00%

-1.05%

Average Drawdown

Average peak-to-trough decline

-3.22%

-3.26%

+0.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.57%

0.66%

+0.91%

Volatility

HAZ.TO vs. ETP.TO - Volatility Comparison

Global X Active Global Dividend ETF (HAZ.TO) has a higher volatility of 2.44% compared to First Trust Global Risk Managed Income Index ETF (ETP.TO) at 0.70%. This indicates that HAZ.TO's price experiences larger fluctuations and is considered to be riskier than ETP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HAZ.TOETP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.44%

0.70%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

7.82%

2.90%

+4.92%

Volatility (1Y)

Calculated over the trailing 1-year period

10.27%

3.78%

+6.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.15%

5.86%

+6.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.28%

7.13%

+7.15%

Dividends

HAZ.TO vs. ETP.TO - Dividend Comparison

HAZ.TO's dividend yield for the trailing twelve months is around 1.25%, less than ETP.TO's 3.62% yield.

PositionTTM20252024202320222021202020192018201720162015
ETP.TO
First Trust Global Risk Managed Income Index ETF		3.62%4.03%3.73%4.15%3.25%2.93%3.78%3.76%4.33%4.08%3.84%4.28%
HAZ.TO
Global X Active Global Dividend ETF		1.25%1.48%0.96%1.78%3.40%1.71%1.93%2.27%2.31%2.20%2.40%2.51%

Frequently Asked Questions

HAZ.TO and ETP.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Global X and First Trust.

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