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HBB.TO vs. XEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBB.TO vs. XEQT.TO

Last updated Jun 4, 2026

HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - HBB.TO is a Total Bond Market fund tracking the Solactive Canadian Select Universe Bond, while XEQT.TO is a Global Equities fund actively managed by iShares. HBB.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, HBB.TO returned 0.33%/yr vs 13.72%/yr for XEQT.TO. At a 0.11 correlation, their price movements are largely independent. HBB.TO charges 0.09%/yr vs 0.20%/yr for XEQT.TO.

Performance

HBB.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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, HBB.TO achieves a 1.48% return, which is significantly lower than XEQT.TO's 12.29% 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%

XEQT.TO

1D
-0.56%
1M
5.98%
YTD
12.29%
6M
11.20%
1Y
29.24%
3Y*
21.78%
5Y*
13.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
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%-1.93%
XEQT.TO
iShares Core Equity ETF Portfolio		12.29%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Correlation

The correlation between HBB.TO and XEQT.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

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

0.25

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

0.16

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2019

0.11

Over the past year, HBB.TO and XEQT.TO have become more correlated (0.34) than their long-term average of 0.11, meaning their price movements have been converging.

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

Sectors
HBB.TO
XEQT.TO

Real Estate

9.1%
2.2%

Basic Materials

-

7.3%

Communication Services

-

6.4%

Consumer Cyclical

-

7.8%

Consumer Defensive

-

4.4%

Energy

-

7.2%

Financial Services

-

20.3%

Healthcare

-

6.6%

Industrials

-

12.1%

Technology

-

22.9%

Utilities

-

2.8%

Real Estate

HBB.TO
9.1%
XEQT.TO
2.2%

Basic Materials

HBB.TO

-

XEQT.TO
7.3%

Communication Services

HBB.TO

-

XEQT.TO
6.4%

Consumer Cyclical

HBB.TO

-

XEQT.TO
7.8%

Consumer Defensive

HBB.TO

-

XEQT.TO
4.4%

Energy

HBB.TO

-

XEQT.TO
7.2%

Financial Services

HBB.TO

-

XEQT.TO
20.3%

Healthcare

HBB.TO

-

XEQT.TO
6.6%

Industrials

HBB.TO

-

XEQT.TO
12.1%

Technology

HBB.TO

-

XEQT.TO
22.9%

Utilities

HBB.TO

-

XEQT.TO
2.8%

Compare stocks, funds, or ETFs

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Global X Canadian Select Universe Bond Index Corporate Class ETF

iShares Core Equity ETF Portfolio

Often compared with HBB.TO:
HBB.TO vs. XAGG.TOHBB.TO vs. HSAV.TOHBB.TO vs. CHPS.TOHBB.TO vs. QQCL.TOHBB.TO vs. HXS.TOHBB.TO vs. USCL.TOHBB.TO vs. CASH.TO
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

HBB.TO vs. XEQT.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: 1919
Overall Rank
HBB.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
HBB.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
HBB.TO Omega Ratio Rank: 1818
Omega Ratio Rank
HBB.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
HBB.TO Martin Ratio Rank: 1919
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 7575
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7878
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.

HBB.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
0.61
2.53

-1.92

Sortino ratioReturn per unit of downside risk
0.84
3.49

-2.65

Omega ratioGain probability vs. loss probability

1.11

1.47

-0.36

Calmar ratioReturn relative to maximum drawdown

0.97

3.56

-2.59

Martin ratioReturn relative to average drawdown

2.20

15.50

-13.31

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. XEQT.TO - Sharpe Ratio Comparison

The current HBB.TO Sharpe Ratio is 0.61, which is lower than the XEQT.TO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of HBB.TO and XEQT.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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Sharpe Ratios by Period

HBB.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.61

2.53

-1.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

1.05

-1.00

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

0.95

-0.65

Drawdowns

HBB.TO vs. XEQT.TO - Drawdown Comparison

The maximum HBB.TO drawdown since its inception was -18.23%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for HBB.TO and XEQT.TO.

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Drawdown Indicators

HBB.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.23%

-29.74%

+11.51%

Max Drawdown (1Y)

Largest decline over 1 year

-2.78%

-8.25%

+5.47%

Max Drawdown (3Y)

Largest decline over 3 years

-5.56%

-15.08%

+9.52%

Max Drawdown (5Y)

Largest decline over 5 years

-16.19%

-19.56%

+3.37%

Max Drawdown (10Y)

Largest decline over 10 years

-18.23%

—

—

Current Drawdown

Current decline from peak

-2.97%

-0.56%

-2.41%

Average Drawdown

Average peak-to-trough decline

-4.58%

-4.11%

-0.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.23%

1.89%

-0.66%

Volatility

HBB.TO vs. XEQT.TO - Volatility Comparison

The current volatility for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) is 1.58%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that HBB.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HBB.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.58%

3.70%

-2.12%

Volatility (6M)

Calculated over the trailing 6-month period

3.43%

9.38%

-5.95%

Volatility (1Y)

Calculated over the trailing 1-year period

4.44%

11.63%

-7.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.54%

13.12%

-6.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.09%

15.56%

-8.47%

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

HBB.TO has a 0.09% expense ratio, which is lower than XEQT.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. XEQT.TO - Dividend Comparison

HBB.TO has not paid dividends to shareholders, while XEQT.TO's dividend yield for the trailing twelve months is around 1.48%.

PositionTTM2025202420232022202120202019
HBB.TO
Global X Canadian Select Universe Bond Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.01%2.07%2.12%1.64%1.66%1.19%

Frequently Asked Questions

HBB.TO and XEQT.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

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

HBB.TO is categorized as Total Bond Market, while XEQT.TO is Global Equities. They also come from different issuers: Global X and iShares. Their fees differ too: 0.09% for HBB.TO and 0.20% for XEQT.TO.

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