HGY.TO vs. HYLD

Last updated Jun 4, 2026

HGY.TO (Global X Gold Yield ETF) and HYLD (High Yield ETF) are both exchange-traded funds - HGY.TO is a Gold fund actively managed by Global X, while HYLD is a High Yield Bonds fund actively managed by Eve Capital. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. HGY.TO charges 0.86%/yr vs 1.29%/yr for HYLD.

Performance

HGY.TO vs. HYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Gold Yield ETF (HGY.TO) and High Yield ETF (HYLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HGY.TO is traded in CAD, while HYLD is traded in USD. To make them comparable, the HYLD values have been converted to CAD using the latest available exchange rates.

Returns By Period

HGY.TO

• 1D: -0.83%
• 1M: -1.36%
• YTD: 1.16%
• 6M: 3.23%
• 1Y: 23.98%
• 3Y*: 24.16%
• 5Y*: 13.84%
• 10Y*: 9.42%

HYLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HGY.TO vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HGY.TO Global X Gold Yield ETF	1.16%	48.66%	21.36%	9.51%	-1.07%	-4.51%	18.67%	13.62%	-3.58%	8.33%
HYLD High Yield ETF	0.00%	0.00%	0.00%	3.28%	-5.17%	4.46%	1.37%	1.89%	8.75%	2.03%

Correlation

The correlation between HGY.TO and HYLD is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.08
Correlation (10Y) Calculated over the trailing 10-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Dec 21, 2010	-0.14

The correlation between HGY.TO and HYLD shifts across timeframes, from -0.14 (all time) to 0.02 (3 years), reflecting how their relationship changes across market environments.

HGY.TO vs. HYLD - Sectors Allocation Comparison

Sectors	HGY.TO	HYLD
Financial Services	100.0%	0.5%
Basic Materials	-	0.0%
Communication Services	-	10.8%
Consumer Cyclical	-	9.6%
Consumer Defensive	-	4.7%
Energy	-	29.9%
Healthcare	-	5.0%
Industrials	-	3.4%
Real Estate	-	0.2%
Technology	-	34.8%
Utilities	-	1.1%

Return for Risk

HGY.TO vs. HYLD — Risk / Return Rank

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

HGY.TO

HGY.TO Risk / Return Rank: 28
HGY.TO Sharpe Ratio Rank: 29
HGY.TO Sortino Ratio Rank: 26
HGY.TO Omega Ratio Rank: 31
HGY.TO Calmar Ratio Rank: 29
HGY.TO Martin Ratio Rank: 27

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.

HGY.TO vs. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Yield ETF (HGY.TO) and High Yield ETF (HYLD). 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.

	HGY.TO	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.38	—	—
Martin ratio: Return relative to average drawdown	3.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HGY.TO	HYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	—	—

Drawdowns

Drawdown Indicators

	HGY.TO	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-39.53%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.31%	—	—
Current Drawdown Current decline from peak	-15.54%	—	—
Average Drawdown Average peak-to-trough decline	-17.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	—	—

Volatility

Volatility by Period

	HGY.TO	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	—	—

HGY.TO vs. HYLD - Expense Ratio Comparison

HGY.TO has a 0.86% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

HGY.TO vs. HYLD - Dividend Comparison

HGY.TO's dividend yield for the trailing twelve months is around 6.13%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HGY.TO Global X Gold Yield ETF	6.13%	4.92%	5.32%	6.10%	6.42%	5.87%	5.72%	4.19%	4.66%	4.63%	5.37%	6.13%
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%

Frequently Asked Questions

Can I hold both HGY.TO and HYLD in my portfolio?

HGY.TO and HYLD have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HGY.TO or HYLD?

On fees, HGY.TO is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HGY.TO or HYLD?

HGY.TO is cheaper with a 0.86% expense ratio, compared with 1.29% for HYLD.

What is the main difference between HGY.TO and HYLD?

HGY.TO is categorized as Gold, while HYLD is High Yield Bonds. They also come from different issuers: Global X and Eve Capital. Their fees differ too: 0.86% for HGY.TO and 1.29% for HYLD.