HBGD.TO vs. BDVL

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Big Data & Hardware Index ETF (HBGD.TO) and iShares Disciplined Volatility Equity Active ETF (BDVL).

HBGD.TO and BDVL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBGD.TO is managed by Global X. BDVL is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Minimum Volatility Index. It was launched on Sep 12, 2025.

Performance

HBGD.TO vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Big Data & Hardware Index ETF (HBGD.TO) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

HBGD.TO vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
HBGD.TO Global X Big Data & Hardware Index ETF	-0.49%	12.18%
BDVL iShares Disciplined Volatility Equity Active ETF	0.72%	1.55%

Different Trading Currencies

HBGD.TO is traded in CAD, while BDVL is traded in USD. To make them comparable, the BDVL values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HBGD.TO achieves a -0.49% return, which is significantly lower than BDVL's 0.72% return.

HBGD.TO

• 1D: 1.84%
• 1M: -11.13%
• YTD: -0.49%
• 6M: 5.49%
• 1Y: 84.40%
• 3Y*: 43.43%
• 5Y*: 38.80%
• 10Y*: —

BDVL

• 1D: 1.96%
• 1M: -3.58%
• YTD: 0.72%
• 6M: 1.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBGD.TO vs. BDVL - Expense Ratio Comparison

HBGD.TO has a 0.64% expense ratio, which is higher than BDVL's 0.40% expense ratio.

HBGD.TO

Global X Big Data & Hardware Index ETF

BDVL

iShares Disciplined Volatility Equity Active ETF

Return for Risk

HBGD.TO vs. BDVL — Risk / Return Rank

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

HBGD.TO

HBGD.TO Risk / Return Rank: 90
HBGD.TO Sharpe Ratio Rank: 92
HBGD.TO Sortino Ratio Rank: 91
HBGD.TO Omega Ratio Rank: 85
HBGD.TO Calmar Ratio Rank: 94
HBGD.TO Martin Ratio Rank: 87

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.

HBGD.TO vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Big Data & Hardware Index ETF (HBGD.TO) and iShares Disciplined Volatility Equity Active ETF (BDVL). 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.

	HBGD.TO	BDVL	Difference
Sharpe ratio Return per unit of total volatility	2.12	—	—
Sortino ratio Return per unit of downside risk	2.69	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	3.68	—	—
Martin ratio Return relative to average drawdown	10.78	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HBGD.TO	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	0.46	-1.23

Correlation

The correlation between HBGD.TO and BDVL is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HBGD.TO vs. BDVL - Dividend Comparison

HBGD.TO's dividend yield for the trailing twelve months is around 0.39%, less than BDVL's 2.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HBGD.TO Global X Big Data & Hardware Index ETF	0.39%	0.39%	0.53%	0.64%	1.22%	0.83%	0.32%	1.52%	0.68%
BDVL iShares Disciplined Volatility Equity Active ETF	2.81%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HBGD.TO vs. BDVL - Drawdown Comparison

The maximum HBGD.TO drawdown since its inception was -100.00%, which is greater than BDVL's maximum drawdown of -6.20%. Use the drawdown chart below to compare losses from any high point for HBGD.TO and BDVL.

Drawdown Indicators

	HBGD.TO	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-7.71%	-92.29%
Max Drawdown (1Y) Largest decline over 1 year	-22.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.43%	—	—
Current Drawdown Current decline from peak	-99.98%	-5.45%	-94.53%
Average Drawdown Average peak-to-trough decline	-99.99%	-1.17%	-98.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	—	—

Volatility

Volatility by Period

	HBGD.TO	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.10%	9.35%	+30.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.43%	9.35%	+87.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.08%	9.35%	+78.73%