HBB.TO vs. HXDM.TO

Last updated Jun 4, 2026

HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) and HXDM.TO (Global X Intl Developed Markets Equity Index Corporate Class ETF) are both exchange-traded funds - HBB.TO is a Total Bond Market fund tracking the Solactive Canadian Select Universe Bond, while HXDM.TO is a International Equity fund tracking the Global X EAFE Futures Roll Index (Total Return). Both are passively managed. Over the past 5 years, HBB.TO returned 0.33%/yr vs 10.52%/yr for HXDM.TO. At a 0.11 correlation, their price movements are largely independent. HBB.TO charges 0.09%/yr vs 0.20%/yr for HXDM.TO.

Performance

HBB.TO vs. HXDM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBB.TO achieves a 1.48% return, which is significantly lower than HXDM.TO's 9.69% return.

HBB.TO

• 1D: -0.04%
• 1M: 1.71%
• YTD: 1.48%
• 6M: 0.58%
• 1Y: 2.70%
• 3Y*: 3.63%
• 5Y*: 0.33%
• 10Y*: 1.30%

HXDM.TO

• 1D: -0.48%
• 1M: 5.65%
• YTD: 9.69%
• 6M: 9.95%
• 1Y: 21.59%
• 3Y*: 16.62%
• 5Y*: 10.52%
• 10Y*: —

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

HBB.TO vs. HXDM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF	1.48%	1.84%	3.96%	5.76%	-11.94%	-2.35%	8.33%	5.81%	1.19%	2.10%
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF	9.69%	24.06%	11.07%	15.09%	-8.78%	10.16%	4.59%	15.19%	-7.21%	5.87%

Correlation

The correlation between HBB.TO and HXDM.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 28, 2017	0.11

Over the past year, HBB.TO and HXDM.TO have become more correlated (0.40) than their long-term average of 0.11, meaning their price movements have been converging.

HBB.TO vs. HXDM.TO - Sectors Allocation Comparison

Sectors	HBB.TO	HXDM.TO
Real Estate	9.1%	3.1%
Basic Materials	-	7.5%
Communication Services	-	6.2%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	11.8%
Energy	-	3.4%
Financial Services	-	16.0%
Healthcare	-	14.4%
Industrials	-	14.7%
Technology	-	8.8%
Utilities	-	3.9%

Return for Risk

HBB.TO vs. HXDM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HBB.TO

HBB.TO Risk / Return Rank: 19
HBB.TO Sharpe Ratio Rank: 19
HBB.TO Sortino Ratio Rank: 17
HBB.TO Omega Ratio Rank: 18
HBB.TO Calmar Ratio Rank: 22
HBB.TO Martin Ratio Rank: 19

HXDM.TO

HXDM.TO Risk / Return Rank: 41
HXDM.TO Sharpe Ratio Rank: 41
HXDM.TO Sortino Ratio Rank: 41
HXDM.TO Omega Ratio Rank: 41
HXDM.TO Calmar Ratio Rank: 38
HXDM.TO Martin Ratio Rank: 45

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.

HBB.TO vs. HXDM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.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.

	HBB.TO	HXDM.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.46	-0.84
Sortino ratio: Return per unit of downside risk	0.84	2.09	-1.24
Omega ratio: Gain probability vs. loss probability	1.11	1.27	-0.16
Calmar ratio: Return relative to maximum drawdown	0.97	1.90	-0.93
Martin ratio: Return relative to average drawdown	2.20	7.36	-5.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HBB.TO vs. HXDM.TO - Sharpe Ratio Comparison

The current HBB.TO Sharpe Ratio is 0.61, which is lower than the HXDM.TO Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of HBB.TO and HXDM.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.

Sharpe Ratios by Period

	HBB.TO	HXDM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	1.46	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.75	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.58	-0.29

Drawdowns

HBB.TO vs. HXDM.TO - Drawdown Comparison

The maximum HBB.TO drawdown since its inception was -18.23%, smaller than the maximum HXDM.TO drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for HBB.TO and HXDM.TO.

Drawdown Indicators

	HBB.TO	HXDM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.23%	-28.43%	+10.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-11.40%	+8.62%
Max Drawdown (3Y) Largest decline over 3 years	-5.56%	-14.65%	+9.09%
Max Drawdown (5Y) Largest decline over 5 years	-16.19%	-23.87%	+7.68%
Max Drawdown (10Y) Largest decline over 10 years	-18.23%	—	—
Current Drawdown Current decline from peak	-2.97%	-2.03%	-0.94%
Average Drawdown Average peak-to-trough decline	-4.58%	-4.75%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	2.94%	-1.71%

Volatility

HBB.TO vs. HXDM.TO - Volatility Comparison

The current volatility for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) is 1.58%, while Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) has a volatility of 5.80%. This indicates that HBB.TO experiences smaller price fluctuations and is considered to be less risky than HXDM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HBB.TO	HXDM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	5.80%	-4.22%
Volatility (6M) Calculated over the trailing 6-month period	3.43%	12.54%	-9.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.44%	14.92%	-10.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.54%	14.07%	-7.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.09%	15.42%	-8.33%

HBB.TO vs. HXDM.TO - Expense Ratio Comparison

HBB.TO has a 0.09% expense ratio, which is lower than HXDM.TO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HBB.TO vs. HXDM.TO - Dividend Comparison

Neither HBB.TO nor HXDM.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HBB.TO and HXDM.TO in my portfolio?

HBB.TO and HXDM.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HBB.TO or HXDM.TO?

On fees, HBB.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBB.TO or HXDM.TO?

HBB.TO is cheaper with a 0.09% expense ratio, compared with 0.20% for HXDM.TO.

What is the main difference between HBB.TO and HXDM.TO?

HBB.TO is categorized as Total Bond Market, while HXDM.TO is International Equity. HBB.TO tracks Solactive Canadian Select Universe Bond, while HXDM.TO tracks Global X EAFE Futures Roll Index (Total Return). Their fees differ too: 0.09% for HBB.TO and 0.20% for HXDM.TO.