HEQL.TO vs. XDIV.TO
Compare and contrast key facts about Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).
HEQL.TO and XDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEQL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023. XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017.
Performance
HEQL.TO vs. XDIV.TO - Performance Comparison
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HEQL.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD | 0.05% | 22.78% | 28.97% | 8.75% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 8.31% | 24.92% | 19.56% | 6.61% |
Returns By Period
In the year-to-date period, HEQL.TO achieves a 0.05% return, which is significantly lower than XDIV.TO's 8.31% return.
HEQL.TO
- 1D
- 3.03%
- 1M
- -5.59%
- YTD
- 0.05%
- 6M
- 3.41%
- 1Y
- 23.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDIV.TO
- 1D
- 0.79%
- 1M
- 2.40%
- YTD
- 8.31%
- 6M
- 13.89%
- 1Y
- 28.03%
- 3Y*
- 20.18%
- 5Y*
- 15.78%
- 10Y*
- —
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HEQL.TO vs. XDIV.TO - Expense Ratio Comparison
HEQL.TO has a 1.46% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Return for Risk
HEQL.TO vs. XDIV.TO — Risk / Return Rank
HEQL.TO
XDIV.TO
HEQL.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| HEQL.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 2.82 | -1.58 |
Sortino ratioReturn per unit of downside risk | 1.82 | 3.37 | -1.56 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.62 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.78 | -1.89 |
Martin ratioReturn relative to average drawdown | 3.82 | 14.46 | -10.64 |
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
| HEQL.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.82 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.74 | +0.96 |
Correlation
The correlation between HEQL.TO and XDIV.TO is 0.38, 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
HEQL.TO vs. XDIV.TO - Dividend Comparison
HEQL.TO's dividend yield for the trailing twelve months is around 1.67%, less than XDIV.TO's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD | 1.67% | 1.82% | 1.75% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.58% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% |
Drawdowns
HEQL.TO vs. XDIV.TO - Drawdown Comparison
The maximum HEQL.TO drawdown since its inception was -19.86%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for HEQL.TO and XDIV.TO.
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Drawdown Indicators
| HEQL.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.86% | -41.30% | +21.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.14% | -10.53% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -6.79% | 0.00% | -6.79% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -4.32% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 2.02% | +2.61% |
Volatility
HEQL.TO vs. XDIV.TO - Volatility Comparison
Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) has a higher volatility of 7.68% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.71%. This indicates that HEQL.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEQL.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 2.71% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 5.79% | +6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.32% | 10.03% | +11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 10.43% | +8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 16.10% | +2.47% |