PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HBAL.TO vs. VRIF.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HBAL.TO vs. VRIF.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Balanced Asset Allocation ETF (HBAL.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.TO).

HBAL.TO and VRIF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBAL.TO is an actively managed fund by Global X. It was launched on Aug 1, 2018. VRIF.TO is an actively managed fund by Vanguard. It was launched on Sep 9, 2020.

Performance

HBAL.TO vs. VRIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Balanced Asset Allocation ETF (HBAL.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

HBAL.TO vs. VRIF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HBAL.TO
Global X Balanced Asset Allocation ETF		0.37%13.57%16.65%15.57%-17.70%14.70%7.57%
VRIF.TO
Vanguard Retirement Income ETF Portfolio		0.44%10.58%8.44%8.97%-11.50%7.44%5.55%

Returns By Period

In the year-to-date period, HBAL.TO achieves a 0.37% return, which is significantly lower than VRIF.TO's 0.44% return.

HBAL.TO

1D
1.52%
1M
-2.43%
YTD
0.37%
6M
2.20%
1Y
12.96%
3Y*
12.82%
5Y*
7.11%
10Y*
—

VRIF.TO

1D
-0.19%
1M
-2.55%
YTD
0.44%
6M
1.48%
1Y
8.92%
3Y*
8.12%
5Y*
4.08%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Balanced Asset Allocation ETF

Vanguard Retirement Income ETF Portfolio

Often compared with HBAL.TO:
HBAL.TO vs. ZBAL.TOHBAL.TO vs. TCON.TOHBAL.TO vs. CSBG.NEOHBAL.TO vs. ZESG.TOHBAL.TO vs. MIX.TOHBAL.TO vs. PYF.TOHBAL.TO vs. CHPS.TO
Often compared with VRIF.TO:
VRIF.TO vs. ZMI.TOVRIF.TO vs. VBAL.TOVRIF.TO vs. PID.TOVRIF.TO vs. XEI.TOVRIF.TO vs. TEC.TOVRIF.TO vs. cpd.TOVRIF.TO vs. ZBAL.TO

HBAL.TO vs. VRIF.TO - Expense Ratio Comparison

HBAL.TO has a 0.20% expense ratio, which is lower than VRIF.TO's 0.29% expense ratio.

VRIF.TO
Vanguard Retirement Income ETF Portfolio
HBAL.TO
Global X Balanced Asset Allocation ETF

Return for Risk

HBAL.TO vs. VRIF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HBAL.TO
HBAL.TO Risk / Return Rank: 6868
Overall Rank
HBAL.TO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
HBAL.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
HBAL.TO Omega Ratio Rank: 7272
Omega Ratio Rank
HBAL.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
HBAL.TO Martin Ratio Rank: 6464
Martin Ratio Rank
VRIF.TO
VRIF.TO Risk / Return Rank: 7474
Overall Rank
VRIF.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VRIF.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
VRIF.TO Omega Ratio Rank: 7676
Omega Ratio Rank
VRIF.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
VRIF.TO Martin Ratio Rank: 6969
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.

HBAL.TO vs. VRIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Balanced Asset Allocation ETF (HBAL.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.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.

HBAL.TOVRIF.TODifference

Sharpe ratio

Return per unit of total volatility

1.34

1.48

-0.14

Sortino ratio

Return per unit of downside risk

1.86

2.08

-0.22

Omega ratio

Gain probability vs. loss probability

1.28

1.30

-0.01

Calmar ratio

Return relative to maximum drawdown

1.77

1.96

-0.19

Martin ratio

Return relative to average drawdown

7.19

7.47

-0.28

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

HBAL.TO vs. VRIF.TO - Sharpe Ratio Comparison

The current HBAL.TO Sharpe Ratio is 1.34, which is comparable to the VRIF.TO Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of HBAL.TO and VRIF.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

HBAL.TOVRIF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.34

1.48

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.67

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.82

-0.12

Correlation

The correlation between HBAL.TO and VRIF.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HBAL.TO vs. VRIF.TO - Dividend Comparison

HBAL.TO's dividend yield for the trailing twelve months is around 2.41%, less than VRIF.TO's 3.49% yield.

TTM2025202420232022202120202019
HBAL.TO
Global X Balanced Asset Allocation ETF		2.41%2.41%2.28%1.08%0.02%0.06%0.04%0.19%
VRIF.TO
Vanguard Retirement Income ETF Portfolio		3.49%3.77%3.96%4.33%4.72%3.86%1.27%0.00%

Drawdowns

HBAL.TO vs. VRIF.TO - Drawdown Comparison

The maximum HBAL.TO drawdown since its inception was -22.49%, which is greater than VRIF.TO's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for HBAL.TO and VRIF.TO.

Loading graphics...

Drawdown Indicators

HBAL.TOVRIF.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.49%

-16.19%

-6.30%

Max Drawdown (1Y)

Largest decline over 1 year

-7.26%

-4.55%

-2.71%

Max Drawdown (5Y)

Largest decline over 5 years

-22.11%

-16.19%

-5.92%

Current Drawdown

Current decline from peak

-3.16%

-3.08%

-0.08%

Average Drawdown

Average peak-to-trough decline

-4.61%

-3.96%

-0.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.79%

1.20%

+0.59%

Volatility

HBAL.TO vs. VRIF.TO - Volatility Comparison

Global X Balanced Asset Allocation ETF (HBAL.TO) has a higher volatility of 4.07% compared to Vanguard Retirement Income ETF Portfolio (VRIF.TO) at 2.93%. This indicates that HBAL.TO's price experiences larger fluctuations and is considered to be riskier than VRIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

HBAL.TOVRIF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

2.93%

+1.14%

Volatility (6M)

Calculated over the trailing 6-month period

6.25%

4.02%

+2.23%

Volatility (1Y)

Calculated over the trailing 1-year period

9.71%

6.04%

+3.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.47%

6.17%

+4.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.19%

6.23%

+5.96%