HFG.TO vs. MIX.TO

Last updated Jul 16, 2026

HFG.TO (Hamilton Global Financials ETF) and MIX.TO (Hamilton Enhanced Mixed Asset ETF) are both exchange-traded funds - HFG.TO is a Financials Equities fund actively managed by Hamilton, while MIX.TO is a Diversified Portfolio fund tracking the Solactive Hamilton Mixed Asset Index. HFG.TO is actively managed, while MIX.TO is passively managed. Over the past year, HFG.TO returned 17.10% vs 21.62% for MIX.TO. At a 0.40 correlation, their price movements are largely independent.

Performance

HFG.TO vs. MIX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Global Financials ETF (HFG.TO) and Hamilton Enhanced Mixed Asset ETF (MIX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFG.TO achieves a 7.76% return, which is significantly higher than MIX.TO's 5.73% 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*: —

MIX.TO

• 1D: 0.78%
• 1M: -1.89%
• 6M: 2.60%
• YTD: 5.73%
• 1Y: 21.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFG.TO vs. MIX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HFG.TO Hamilton Global Financials ETF	7.76%	18.81%
MIX.TO Hamilton Enhanced Mixed Asset ETF	5.73%	24.69%

Correlation

The correlation between HFG.TO and MIX.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.40

Return for Risk

HFG.TO vs. MIX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFG.TO

HFG.TO Risk / Return Rank: 42
HFG.TO Sharpe Ratio Rank: 44
HFG.TO Sortino Ratio Rank: 45
HFG.TO Omega Ratio Rank: 48
HFG.TO Calmar Ratio Rank: 36
HFG.TO Martin Ratio Rank: 38

MIX.TO

MIX.TO Risk / Return Rank: 54
MIX.TO Sharpe Ratio Rank: 57
MIX.TO Sortino Ratio Rank: 55
MIX.TO Omega Ratio Rank: 55
MIX.TO Calmar Ratio Rank: 49
MIX.TO Martin Ratio Rank: 56

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.

HFG.TO vs. MIX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Global Financials ETF (HFG.TO) and Hamilton Enhanced Mixed Asset ETF (MIX.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	MIX.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.56	-0.25
Sortino ratio: Return per unit of downside risk	1.93	2.16	-0.23
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.57	2.03	-0.46
Martin ratio: Return relative to average drawdown	4.96	7.84	-2.88

HFG.TO vs. MIX.TO - Sharpe Ratio Comparison

The current HFG.TO Sharpe Ratio is 1.31, which is comparable to the MIX.TO Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of HFG.TO and MIX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HFG.TO vs. MIX.TO - Drawdown Comparison

The maximum HFG.TO drawdown since its inception was -42.71%, which is greater than MIX.TO's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for HFG.TO and MIX.TO.

Drawdown Indicators

	HFG.TO	MIX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-42.71%	-10.71%	-32.00%
Max Drawdown (1Y) Largest decline over 1 year	-10.95%	-10.71%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.20%	—	—
Current Drawdown Current decline from peak	-0.54%	-2.94%	+2.40%
Average Drawdown Average peak-to-trough decline	-5.38%	-1.53%	-3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.77%	+0.69%

Volatility

HFG.TO vs. MIX.TO - Volatility Comparison

Hamilton Global Financials ETF (HFG.TO) has a higher volatility of 3.60% compared to Hamilton Enhanced Mixed Asset ETF (MIX.TO) at 3.33%. This indicates that HFG.TO's price experiences larger fluctuations and is considered to be riskier than MIX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFG.TO	MIX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.33%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	11.65%	-0.96%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	13.89%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	13.15%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	13.15%	+7.11%

Dividends

HFG.TO vs. MIX.TO - Dividend Comparison

HFG.TO's dividend yield for the trailing twelve months is around 2.40%, more than MIX.TO's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HFG.TO Hamilton Global Financials ETF	2.40%	2.55%	3.05%	3.86%	10.09%	4.16%	1.85%
MIX.TO Hamilton Enhanced Mixed Asset ETF	1.68%	1.23%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HFG.TO and MIX.TO in my portfolio?

HFG.TO and MIX.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HFG.TO and MIX.TO?

HFG.TO is categorized as Financials Equities, while MIX.TO is Diversified Portfolio.