HEB.TO vs. HXF.TO
Compare and contrast key facts about Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) and Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO).
HEB.TO and HXF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEB.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Apr 3, 2023. HXF.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX Capped Financials Index (Total Return). It was launched on Sep 16, 2013. Both HEB.TO and HXF.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HEB.TO vs. HXF.TO - Performance Comparison
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HEB.TO vs. HXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HEB.TO Hamilton Canadian Bank Equal-Weight Index ETF | 1.58% | 44.00% | 23.58% | 8.60% |
HXF.TO Global X S&P/TSX Capped Financials Index Corporate Class ETF | -4.96% | 35.34% | 30.20% | 11.62% |
Returns By Period
In the year-to-date period, HEB.TO achieves a 1.58% return, which is significantly higher than HXF.TO's -4.96% return.
HEB.TO
- 1D
- 2.50%
- 1M
- -4.22%
- YTD
- 1.58%
- 6M
- 14.53%
- 1Y
- 51.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HXF.TO
- 1D
- 0.11%
- 1M
- -5.44%
- YTD
- -4.96%
- 6M
- 5.45%
- 1Y
- 31.51%
- 3Y*
- 23.11%
- 5Y*
- 15.32%
- 10Y*
- 13.40%
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HEB.TO vs. HXF.TO - Expense Ratio Comparison
HEB.TO has a 0.19% expense ratio, which is lower than HXF.TO's 0.25% 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%.
Return for Risk
HEB.TO vs. HXF.TO — Risk / Return Rank
HEB.TO
HXF.TO
HEB.TO vs. HXF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) and Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.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.
| HEB.TO | HXF.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.84 | 2.18 | +1.66 |
Sortino ratioReturn per unit of downside risk | 4.89 | 2.90 | +1.99 |
Omega ratioGain probability vs. loss probability | 1.74 | 1.47 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 5.92 | 2.91 | +3.02 |
Martin ratioReturn relative to average drawdown | 25.35 | 12.18 | +13.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEB.TO | HXF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.84 | 2.18 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.09 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.01 | 0.75 | +1.26 |
Correlation
The correlation between HEB.TO and HXF.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HEB.TO vs. HXF.TO - Dividend Comparison
HEB.TO's dividend yield for the trailing twelve months is around 2.97%, while HXF.TO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HEB.TO Hamilton Canadian Bank Equal-Weight Index ETF | 2.97% | 3.20% | 4.24% | 3.75% |
HXF.TO Global X S&P/TSX Capped Financials Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEB.TO vs. HXF.TO - Drawdown Comparison
The maximum HEB.TO drawdown since its inception was -14.82%, smaller than the maximum HXF.TO drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for HEB.TO and HXF.TO.
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Drawdown Indicators
| HEB.TO | HXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.82% | -39.77% | +24.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -10.13% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.77% | — |
Current DrawdownCurrent decline from peak | -6.09% | -7.34% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -5.14% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.42% | -0.35% |
Volatility
HEB.TO vs. HXF.TO - Volatility Comparison
Hamilton Canadian Bank Equal-Weight Index ETF (HEB.TO) has a higher volatility of 6.09% compared to Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO) at 5.77%. This indicates that HEB.TO's price experiences larger fluctuations and is considered to be riskier than HXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEB.TO | HXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 5.77% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 9.58% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 14.65% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 14.17% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 16.86% | -4.18% |