HFG.TO vs. FIE.TO
HFG.TO (Hamilton Global Financials ETF) and FIE.TO (iShares Canadian Financial Monthly Income ETF) are both Financials Equities funds. Both are actively managed. Over the past 5 years, HFG.TO returned 15.43%/yr vs 14.03%/yr for FIE.TO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
HFG.TO vs. FIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HFG.TO achieves a 7.76% return, which is significantly lower than FIE.TO's 18.97% return.
HFG.TO
- 1D
- 0.32%
- 1M
- 6.00%
- 6M
- 7.83%
- YTD
- 7.76%
- 1Y
- 17.10%
- 3Y*
- 25.28%
- 5Y*
- 15.43%
- 10Y*
- —
FIE.TO
- 1D
- 1.31%
- 1M
- 5.54%
- 6M
- 18.02%
- YTD
- 18.97%
- 1Y
- 35.03%
- 3Y*
- 26.36%
- 5Y*
- 14.03%
- 10Y*
- 12.47%
HFG.TO vs. FIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFG.TO Hamilton Global Financials ETF | 7.76% | 22.93% | 30.80% | 18.51% | -9.52% | 30.39% | 15.62% | 16.95% | -14.80% | 2.48% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 18.97% | 24.36% | 27.62% | 12.58% | -14.35% | 27.34% | 1.33% | 18.97% | -9.12% | 8.86% |
Correlation
The correlation between HFG.TO and FIE.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2017 | 0.54 |
The correlation between HFG.TO and FIE.TO has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
HFG.TO vs. FIE.TO — Risk / Return Rank
HFG.TO
FIE.TO
HFG.TO vs. FIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Global Financials ETF (HFG.TO) and iShares Canadian Financial Monthly Income ETF (FIE.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.
| HFG.TO | FIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.75 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 4.89 | -3.33 |
| Martin ratioReturn relative to average drawdown | 4.96 | 15.90 | -10.94 |
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Drawdowns
HFG.TO vs. FIE.TO - Drawdown Comparison
The maximum HFG.TO drawdown since its inception was -42.71%, roughly equal to the maximum FIE.TO drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for HFG.TO and FIE.TO.
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Drawdown Indicators
| HFG.TO | FIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -42.24% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -7.19% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | -10.70% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -22.93% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.24% | — |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -4.86% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.21% | +1.25% |
Volatility
HFG.TO vs. FIE.TO - Volatility Comparison
Hamilton Global Financials ETF (HFG.TO) has a higher volatility of 3.60% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 2.32%. This indicates that HFG.TO's price experiences larger fluctuations and is considered to be riskier than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFG.TO | FIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.32% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 7.33% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 9.22% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 10.58% | +5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 14.05% | +6.21% |
Dividends
HFG.TO vs. FIE.TO - Dividend Comparison
HFG.TO's dividend yield for the trailing twelve months is around 2.40%, less than FIE.TO's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.19% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
HFG.TO Hamilton Global Financials ETF | 2.40% | 2.55% | 3.05% | 3.86% | 10.09% | 4.16% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFG.TO and FIE.TO have a correlation of 0.49, 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 and iShares.
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