HBND.TO vs. HTB.TO
HBND.TO ( Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged)) and HTB.TO (Global X US 7-10 Year Treasury Bond Index Corporate Class ETF) are both Government Bonds funds. Both are actively managed. Over the past year, HBND.TO returned 3.21% vs 6.00% for HTB.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
HBND.TO vs. HTB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBND.TO achieves a -1.35% return, which is significantly lower than HTB.TO's 1.75% return.
HBND.TO
- 1D
- -0.17%
- 1M
- -2.10%
- 6M
- -2.35%
- YTD
- -1.35%
- 1Y
- 3.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HTB.TO
- 1D
- 0.06%
- 1M
- -0.08%
- 6M
- 0.31%
- YTD
- 1.75%
- 1Y
- 6.00%
- 3Y*
- 4.70%
- 5Y*
- 0.56%
- 10Y*
- 1.14%
HBND.TO vs. HTB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | -1.35% | 4.05% | -7.02% | 4.34% |
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 1.75% | 2.71% | 8.07% | 2.23% |
Correlation
The correlation between HBND.TO and HTB.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.60 |
The correlation between HBND.TO and HTB.TO shifts across timeframes, from 0.46 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HBND.TO vs. HTB.TO — Risk / Return Rank
HBND.TO
HTB.TO
HBND.TO vs. HTB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) and Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HBND.TO | HTB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.12 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.15 | 2.31 | -1.17 |
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Drawdowns
HBND.TO vs. HTB.TO - Drawdown Comparison
The maximum HBND.TO drawdown since its inception was -13.62%, smaller than the maximum HTB.TO drawdown of -26.11%. Use the drawdown chart below to compare losses from any high point for HBND.TO and HTB.TO.
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Drawdown Indicators
| HBND.TO | HTB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -26.11% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -5.39% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.11% | — |
Current DrawdownCurrent decline from peak | -8.98% | -11.86% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -12.51% | +5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.60% | +0.21% |
Volatility
HBND.TO vs. HTB.TO - Volatility Comparison
Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) has a higher volatility of 2.64% compared to Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) at 1.99%. This indicates that HBND.TO's price experiences larger fluctuations and is considered to be riskier than HTB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBND.TO | HTB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.99% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 4.50% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 6.08% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 9.35% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.23% | 9.38% | +1.85% |
Dividends
HBND.TO vs. HTB.TO - Dividend Comparison
HBND.TO's dividend yield for the trailing twelve months is around 11.30%, while HTB.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | 11.30% | 11.84% | 11.51% | 2.41% |
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HBND.TO and HTB.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton Capital and Global X.
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