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HBGD.TO vs. SOXL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBGD.TO vs. SOXL

Last updated Jun 4, 2026

HBGD.TO (Global X Big Data & Hardware Index ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - HBGD.TO is a Global Equities fund managed by Global X, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Over the past 5 years, HBGD.TO returned 61.94%/yr vs 51.27%/yr for SOXL. At a 0.46 correlation, their price movements are largely independent. HBGD.TO charges 0.64%/yr vs 0.75%/yr for SOXL.

Performance

HBGD.TO vs. SOXL - 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 Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HBGD.TO is traded in CAD, while SOXL is traded in USD. To make them comparable, the SOXL 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 lower than SOXL's 539.11% 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*
—

SOXL

1D
0.00%
1M
112.10%
YTD
539.11%
6M
467.23%
1Y
1,373.18%
3Y*
133.46%
5Y*
51.27%
10Y*
65.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HBGD.TO vs. SOXL - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HBGD.TO
Global X Big Data & Hardware Index ETF		82.51%53.48%15.92%129.66%-56.87%375.98%117.21%41.31%-100.00%
SOXL
Direxion Daily Semiconductor Bull 3X ETF		575.97%47.80%-4.77%219.78%-84.64%116.86%67.16%215.51%-47.84%

Correlation

The correlation between HBGD.TO and SOXL is 0.63, 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

0.63

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

0.56

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

0.52

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2018

0.46

The correlation between HBGD.TO and SOXL shifts across timeframes, from 0.46 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

HBGD.TO vs. SOXL - Sectors Allocation Comparison

Sectors
HBGD.TO
SOXL

Technology

68.7%
100.0%

Financial Services

24.9%

-

Real Estate

4.4%

-

Communication Services

2.0%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Utilities

-

-

Technology

HBGD.TO
68.7%
SOXL
100.0%

Financial Services

HBGD.TO
24.9%
SOXL

-

Real Estate

HBGD.TO
4.4%
SOXL

-

Communication Services

HBGD.TO
2.0%
SOXL

-

Basic Materials

HBGD.TO

-

SOXL

-

Consumer Cyclical

HBGD.TO

-

SOXL

-

Consumer Defensive

HBGD.TO

-

SOXL

-

Energy

HBGD.TO

-

SOXL

-

Healthcare

HBGD.TO

-

SOXL

-

Industrials

HBGD.TO

-

SOXL

-

Utilities

HBGD.TO

-

SOXL

-

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

Direxion Daily Semiconductor Bull 3X 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 SOXL:
SOXL vs. TQQQSOXL vs. SOXXSOXL vs. SOXSSOXL vs. USDSOXL vs. TECLSOXL vs. NVDLSOXL vs. SPY

Return for Risk

HBGD.TO vs. SOXL — 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
SOXL
SOXL Risk / Return Rank: 9797
Overall Rank
SOXL Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
SOXL Sortino Ratio Rank: 9595
Sortino Ratio Rank
SOXL Omega Ratio Rank: 9595
Omega Ratio Rank
SOXL Calmar Ratio Rank: 9999
Calmar Ratio Rank
SOXL Martin Ratio Rank: 9999
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. SOXL - 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 Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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.TOSOXLDifference
Sharpe ratioReturn per unit of total volatility
4.84
13.72

-8.88

Sortino ratioReturn per unit of downside risk
4.92
5.13

-0.21

Omega ratioGain probability vs. loss probability

1.62

1.72

-0.10

Calmar ratioReturn relative to maximum drawdown

8.40

32.73

-24.33

Martin ratioReturn relative to average drawdown

25.05

111.07

-86.02

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. SOXL - Sharpe Ratio Comparison

The current HBGD.TO Sharpe Ratio is 4.84, which is lower than the SOXL Sharpe Ratio of 13.72. The chart below compares the historical Sharpe Ratios of HBGD.TO and SOXL, 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

HBGD.TOSOXLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.84

13.72

-8.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.49

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.68

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.74

0.56

-1.29

Drawdowns

HBGD.TO vs. SOXL - Drawdown Comparison

The maximum HBGD.TO drawdown since its inception was -100.00%, which is greater than SOXL's maximum drawdown of -89.64%. Use the drawdown chart below to compare losses from any high point for HBGD.TO and SOXL.

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Drawdown Indicators

HBGD.TOSOXLDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-89.64%

-10.36%

Max Drawdown (1Y)

Largest decline over 1 year

-22.09%

-42.44%

+20.35%

Max Drawdown (3Y)

Largest decline over 3 years

-38.68%

-87.31%

+48.63%

Max Drawdown (5Y)

Largest decline over 5 years

-63.43%

-89.64%

+26.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-89.64%

—

Current Drawdown

Current decline from peak

-99.97%

0.00%

-99.97%

Average Drawdown

Average peak-to-trough decline

-99.99%

-33.94%

-66.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.39%

12.48%

-5.09%

Volatility

HBGD.TO vs. SOXL - Volatility Comparison

The current volatility for Global X Big Data & Hardware Index ETF (HBGD.TO) is 13.31%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.78%. This indicates that HBGD.TO experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HBGD.TOSOXLDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.31%

40.78%

-27.47%

Volatility (6M)

Calculated over the trailing 6-month period

28.67%

80.69%

-52.02%

Volatility (1Y)

Calculated over the trailing 1-year period

38.34%

101.48%

-63.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

96.54%

105.46%

-8.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

87.39%

97.19%

-9.80%

HBGD.TO vs. SOXL - Expense Ratio Comparison

HBGD.TO has a 0.64% expense ratio, which is lower than SOXL's 0.75% expense ratio.

Dividends

HBGD.TO vs. SOXL - Dividend Comparison

HBGD.TO's dividend yield for the trailing twelve months is around 0.21%, more than SOXL's 0.03% yield.

PositionTTM2025202420232022202120202019201820172016
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%0.00%0.00%
SOXL
Direxion Daily Semiconductor Bull 3X ETF		0.03%0.34%1.18%0.51%1.07%0.04%0.05%0.38%1.30%0.09%4.84%

Frequently Asked Questions

HBGD.TO and SOXL have a correlation of 0.63, 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 0.75% for SOXL.

HBGD.TO is categorized as Global Equities, while SOXL is Leveraged Equities. They also come from different issuers: Global X and Direxion. Their fees differ too: 0.64% for HBGD.TO and 0.75% for SOXL.

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