PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HBGD.TO vs. FWD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBGD.TO vs. FWD

Last updated Jun 4, 2026

HBGD.TO (Global X Big Data & Hardware Index ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. Over the past 3 years, HBGD.TO returned 67.20%/yr vs 41.10%/yr for FWD. A 0.57 correlation means they provide meaningful diversification when combined. HBGD.TO charges 0.64%/yr vs 0.65%/yr for FWD.

Performance

HBGD.TO vs. FWD - 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 AB Disruptors ETF (FWD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

HBGD.TO is traded in CAD, while FWD is traded in USD. To make them comparable, the FWD 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 82.51% return, which is significantly higher than FWD's 41.89% return.

HBGD.TO

1D
-1.98%
1M
29.31%
YTD
82.51%
6M
82.99%
1Y
184.36%
3Y*
67.20%
5Y*
61.94%
10Y*
—

FWD

1D
0.14%
1M
16.43%
YTD
41.89%
6M
39.24%
1Y
78.22%
3Y*
41.10%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HBGD.TO vs. FWD - Yearly Performance Comparison

2026 (YTD)202520242023
HBGD.TO
Global X Big Data & Hardware Index ETF		82.51%53.48%15.92%72.10%
FWD
AB Disruptors ETF		41.89%25.95%40.33%21.19%

Correlation

The correlation between HBGD.TO and FWD is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.68

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

0.59

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2023

0.57

The correlation between HBGD.TO and FWD shifts across timeframes, from 0.57 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

HBGD.TO vs. FWD - Sectors Allocation Comparison

Sectors
HBGD.TO
FWD

Technology

68.7%
52.6%

Financial Services

24.9%
0.5%

Real Estate

4.4%
0.7%

Communication Services

2.0%
2.6%

Basic Materials

-

1.8%

Consumer Cyclical

-

2.4%

Consumer Defensive

-

0.8%

Energy

-

2.6%

Healthcare

-

6.6%

Industrials

-

17.7%

Utilities

-

1.0%

Technology

HBGD.TO
68.7%
FWD
52.6%

Financial Services

HBGD.TO
24.9%
FWD
0.5%

Real Estate

HBGD.TO
4.4%
FWD
0.7%

Communication Services

HBGD.TO
2.0%
FWD
2.6%

Basic Materials

HBGD.TO

-

FWD
1.8%

Consumer Cyclical

HBGD.TO

-

FWD
2.4%

Consumer Defensive

HBGD.TO

-

FWD
0.8%

Energy

HBGD.TO

-

FWD
2.6%

Healthcare

HBGD.TO

-

FWD
6.6%

Industrials

HBGD.TO

-

FWD
17.7%

Utilities

HBGD.TO

-

FWD
1.0%

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 Big Data & Hardware Index ETF

AB Disruptors ETF

Often compared with HBGD.TO:
HBGD.TO vs. MTRX.TOHBGD.TO vs. CHPS-U.TOHBGD.TO vs. CHPS.TOHBGD.TO vs. SMHHBGD.TO vs. JPGL.LHBGD.TO vs. QYLDHBGD.TO vs. IQM
Often compared with FWD:
FWD vs. QQQFWD vs. ARKKFWD vs. SPMOFWD vs. SMHFWD vs. VOOFWD vs. ARKFFWD vs. VGT

Return for Risk

HBGD.TO vs. FWD — 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: 9494
Overall Rank
HBGD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HBGD.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
HBGD.TO Omega Ratio Rank: 9292
Omega Ratio Rank
HBGD.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
HBGD.TO Martin Ratio Rank: 9393
Martin Ratio Rank
FWD
FWD Risk / Return Rank: 8787
Overall Rank
FWD Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FWD Sortino Ratio Rank: 8383
Sortino Ratio Rank
FWD Omega Ratio Rank: 8383
Omega Ratio Rank
FWD Calmar Ratio Rank: 9191
Calmar Ratio Rank
FWD Martin Ratio Rank: 9090
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.

HBGD.TO vs. FWD - 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 AB Disruptors ETF (FWD). 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.TOFWDDifference
Sharpe ratioReturn per unit of total volatility
4.84
3.33

+1.51

Sortino ratioReturn per unit of downside risk
4.92
3.96

+0.96

Omega ratioGain probability vs. loss probability

1.62

1.54

+0.08

Calmar ratioReturn relative to maximum drawdown

8.40

6.87

+1.53

Martin ratioReturn relative to average drawdown

25.05

22.07

+2.98

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

HBGD.TO vs. FWD - Sharpe Ratio Comparison

The current HBGD.TO Sharpe Ratio is 4.84, which is higher than the FWD Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of HBGD.TO and FWD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HBGD.TOFWDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.84

3.33

+1.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.74

1.76

-2.50

Drawdowns

HBGD.TO vs. FWD - Drawdown Comparison

The maximum HBGD.TO drawdown since its inception was -100.00%, which is greater than FWD's maximum drawdown of -29.79%. Use the drawdown chart below to compare losses from any high point for HBGD.TO and FWD.

Loading charts...

Drawdown Indicators

HBGD.TOFWDDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-29.79%

-70.21%

Max Drawdown (1Y)

Largest decline over 1 year

-22.09%

-11.44%

-10.65%

Max Drawdown (3Y)

Largest decline over 3 years

-38.68%

-29.79%

-8.89%

Max Drawdown (5Y)

Largest decline over 5 years

-63.43%

—

—

Current Drawdown

Current decline from peak

-99.97%

0.00%

-99.97%

Average Drawdown

Average peak-to-trough decline

-99.99%

-3.95%

-96.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.39%

3.56%

+3.83%

Volatility

HBGD.TO vs. FWD - Volatility Comparison

Global X Big Data & Hardware Index ETF (HBGD.TO) has a higher volatility of 13.31% compared to AB Disruptors ETF (FWD) at 7.74%. This indicates that HBGD.TO's price experiences larger fluctuations and is considered to be riskier than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HBGD.TOFWDDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.31%

7.74%

+5.57%

Volatility (6M)

Calculated over the trailing 6-month period

28.67%

18.52%

+10.15%

Volatility (1Y)

Calculated over the trailing 1-year period

38.34%

23.64%

+14.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

96.54%

23.73%

+72.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

87.39%

23.73%

+63.66%

HBGD.TO vs. FWD - Expense Ratio Comparison

HBGD.TO has a 0.64% expense ratio, which is lower than FWD's 0.65% expense ratio.

Dividends

HBGD.TO vs. FWD - Dividend Comparison

HBGD.TO's dividend yield for the trailing twelve months is around 0.21%, more than FWD's 0.08% yield.

PositionTTM20252024202320222021202020192018
FWD
AB Disruptors ETF		0.08%0.11%1.89%0.00%0.00%0.00%0.00%0.00%0.00%
HBGD.TO
Global X Big Data & Hardware Index ETF		0.21%0.39%0.53%0.64%1.22%0.83%0.32%1.52%0.68%

Frequently Asked Questions

HBGD.TO and FWD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HBGD.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HBGD.TO is cheaper with a 0.64% expense ratio, compared with 0.65% for FWD.

They also come from different issuers: Global X and AllianceBernstein. Their fees differ too: 0.64% for HBGD.TO and 0.65% for FWD.

Portfolio Optimizer

Find the right allocation for HBGD.TO and FWD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer