HFG.TO vs. XUSF.TO
HFG.TO (Hamilton Global Financials ETF) and XUSF.TO (iShares S&P U.S. Financials Index ETF) are both Financials Equities funds. HFG.TO is actively managed, while XUSF.TO is passively managed. Over the past year, HFG.TO returned 17.10% vs 12.70% for XUSF.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
HFG.TO vs. XUSF.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 higher than XUSF.TO's 5.23% 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*
- —
XUSF.TO
- 1D
- -0.34%
- 1M
- 5.89%
- 6M
- 5.84%
- YTD
- 5.23%
- 1Y
- 12.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFG.TO vs. XUSF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HFG.TO Hamilton Global Financials ETF | 7.76% | 22.93% | 30.80% | 9.89% |
XUSF.TO iShares S&P U.S. Financials Index ETF | 5.23% | 9.67% | 39.77% | 8.23% |
Correlation
The correlation between HFG.TO and XUSF.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 6, 2023 | 0.42 |
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Return for Risk
HFG.TO vs. XUSF.TO — Risk / Return Rank
HFG.TO
XUSF.TO
HFG.TO vs. XUSF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Global Financials ETF (HFG.TO) and iShares S&P U.S. Financials Index ETF (XUSF.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 | XUSF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.76 | +0.81 |
| Martin ratioReturn relative to average drawdown | 4.96 | 1.81 | +3.15 |
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Drawdowns
HFG.TO vs. XUSF.TO - Drawdown Comparison
The maximum HFG.TO drawdown since its inception was -42.71%, which is greater than XUSF.TO's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for HFG.TO and XUSF.TO.
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Drawdown Indicators
| HFG.TO | XUSF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -16.88% | -25.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -14.66% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.34% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -3.45% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 6.15% | -2.69% |
Volatility
HFG.TO vs. XUSF.TO - Volatility Comparison
The current volatility for Hamilton Global Financials ETF (HFG.TO) is 3.60%, while iShares S&P U.S. Financials Index ETF (XUSF.TO) has a volatility of 4.58%. This indicates that HFG.TO experiences smaller price fluctuations and is considered to be less risky than XUSF.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 | XUSF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.58% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 11.80% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 15.44% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 17.84% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 17.84% | +2.42% |
Dividends
HFG.TO vs. XUSF.TO - Dividend Comparison
HFG.TO's dividend yield for the trailing twelve months is around 2.40%, more than XUSF.TO's 0.85% 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% |
XUSF.TO iShares S&P U.S. Financials Index ETF | 0.85% | 0.75% | 0.81% | 0.34% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFG.TO and XUSF.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 and iShares.
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