HAZ.TO vs. HBNK.TO

Last updated Jun 17, 2026

HAZ.TO (Global X Active Global Dividend ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - HAZ.TO is a Global Equity Income fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. HAZ.TO is actively managed, while HBNK.TO is passively managed. Over the past year, HAZ.TO returned 20.83% vs 69.78% for HBNK.TO. At a 0.46 correlation, their price movements are largely independent.

Performance

HAZ.TO vs. HBNK.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 Global X Equal Weight Banks Index ETF (HBNK.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAZ.TO achieves a 12.12% return, which is significantly lower than HBNK.TO's 26.81% return.

HAZ.TO

• 1D: -0.15%
• 1M: 2.74%
• YTD: 12.12%
• 6M: 11.57%
• 1Y: 20.83%
• 3Y*: 17.90%
• 5Y*: 13.80%
• 10Y*: 11.47%

HBNK.TO

• 1D: 1.19%
• 1M: 9.70%
• YTD: 26.81%
• 6M: 27.52%
• 1Y: 69.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
HAZ.TO Global X Active Global Dividend ETF	12.12%	7.49%	25.38%	8.65%
HBNK.TO Global X Equal Weight Banks Index ETF	26.81%	43.71%	24.77%	9.82%

Correlation

The correlation between HAZ.TO and HBNK.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023	0.46

Return for Risk

HAZ.TO vs. HBNK.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: 71
HAZ.TO Sharpe Ratio Rank: 67
HAZ.TO Sortino Ratio Rank: 71
HAZ.TO Omega Ratio Rank: 63
HAZ.TO Calmar Ratio Rank: 80
HAZ.TO Martin Ratio Rank: 75

HBNK.TO

HBNK.TO Risk / Return Rank: 97
HBNK.TO Sharpe Ratio Rank: 98
HBNK.TO Sortino Ratio Rank: 98
HBNK.TO Omega Ratio Rank: 97
HBNK.TO Calmar Ratio Rank: 96
HBNK.TO Martin Ratio Rank: 96

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. HBNK.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 Global X Equal Weight Banks Index ETF (HBNK.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.TO	HBNK.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.03	5.43	-3.40
Sortino ratio: Return per unit of downside risk	2.97	7.32	-4.35
Omega ratio: Gain probability vs. loss probability	1.35	2.00	-0.64
Calmar ratio: Return relative to maximum drawdown	3.82	8.27	-4.46
Martin ratio: Return relative to average drawdown	13.27	35.99	-22.72

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

The current HAZ.TO Sharpe Ratio is 2.03, which is lower than the HBNK.TO Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of HAZ.TO and HBNK.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.

Drawdowns

HAZ.TO vs. HBNK.TO - Drawdown Comparison

The maximum HAZ.TO drawdown since its inception was -25.55%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for HAZ.TO and HBNK.TO.

Drawdown Indicators

	HAZ.TO	HBNK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-14.78%	-10.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.48%	-8.48%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.55%	—	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.24%	-2.30%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.95%	-0.38%

Volatility

HAZ.TO vs. HBNK.TO - Volatility Comparison

The current volatility for Global X Active Global Dividend ETF (HAZ.TO) is 2.90%, while Global X Equal Weight Banks Index ETF (HBNK.TO) has a volatility of 4.64%. This indicates that HAZ.TO experiences smaller price fluctuations and is considered to be less risky than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAZ.TO	HBNK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	4.64%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	7.74%	11.33%	-3.59%
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	12.92%	-2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	12.73%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.30%	12.73%	+1.57%

Dividends

HAZ.TO vs. HBNK.TO - Dividend Comparison

HAZ.TO's dividend yield for the trailing twelve months is around 1.30%, less than HBNK.TO's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAZ.TO Global X Active Global Dividend ETF	1.30%	1.48%	0.96%	1.78%	3.40%	1.71%	1.93%	2.27%	2.31%	2.20%	2.40%	2.51%
HBNK.TO Global X Equal Weight Banks Index ETF	2.64%	3.24%	4.15%	2.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HAZ.TO and HBNK.TO in my portfolio?

HAZ.TO and HBNK.TO have a correlation of 0.44, 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 HAZ.TO and HBNK.TO?

HAZ.TO is categorized as Global Equity Income, while HBNK.TO is Financials Equities.