HLPR.TO vs. HXQ.TO

Last updated Aug 4, 2026

HLPR.TO (Global X Laddered Canadian Preferred Share Index Corporate Class ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - HLPR.TO is a Preferred Stock fund tracking the Solactive Laddered Canadian Preferred Share Index, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, HLPR.TO returned 7.83%/yr vs 16.73%/yr for HXQ.TO. Their 0.19 correlation means their historical movements had little consistent relationship. HLPR.TO charges 0.30%/yr vs 0.25%/yr for HXQ.TO.

Performance

HLPR.TO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLPR.TO achieves a 9.05% return, which is significantly lower than HXQ.TO's 14.56% return.

HLPR.TO

• 1D: 0.00%
• 1M: 2.00%
• 6M: 8.10%
• YTD: 9.05%
• 1Y: 16.31%
• 3Y*: 19.62%
• 5Y*: 7.83%
• 10Y*: —
• ALL TIME*: 8.67%

HXQ.TO

• 1D: 0.69%
• 1M: -5.98%
• 6M: 12.81%
• YTD: 14.56%
• 1Y: 26.47%
• 3Y*: 24.20%
• 5Y*: 16.73%
• 10Y*: 21.14%
• ALL TIME*: 21.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF	CA$46.84K	CA$160.25K	CA$108.75K
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	CA$2.97M	CA$3.02M	CA$3.91M

HLPR.TO vs. HXQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF	9.05%	18.79%	28.13%	2.89%	-17.83%	23.17%	6.42%	0.80%
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF	14.56%	15.05%	35.98%	51.16%	-27.84%	26.20%	45.58%	20.93%

Correlation

The correlation between HLPR.TO and HXQ.TO is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.18
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019	0.19

Return for Risk

HLPR.TO vs. HXQ.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HLPR.TO

HLPR.TO Risk / Return Rank: 97
HLPR.TO Sharpe Ratio Rank: 97
HLPR.TO Sortino Ratio Rank: 97
HLPR.TO Omega Ratio Rank: 97
HLPR.TO Calmar Ratio Rank: 96
HLPR.TO Martin Ratio Rank: 97

HXQ.TO

HXQ.TO Risk / Return Rank: 49
HXQ.TO Sharpe Ratio Rank: 50
HXQ.TO Sortino Ratio Rank: 47
HXQ.TO Omega Ratio Rank: 49
HXQ.TO Calmar Ratio Rank: 52
HXQ.TO Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HLPR.TO vs. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.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.

	HLPR.TO	HXQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.55	1.25	+2.30
Sortino ratio: Return per unit of downside risk	4.99	1.75	+3.24
Omega ratio: Gain probability vs. loss probability	1.77	1.23	+0.54
Calmar ratio: Return relative to maximum drawdown	6.23	1.90	+4.32
Martin ratio: Return relative to average drawdown	35.88	5.49	+30.38

HLPR.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current HLPR.TO Sharpe Ratio is 3.55, which is higher than the HXQ.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of HLPR.TO and HXQ.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

HLPR.TO vs. HXQ.TO - Drawdown Comparison

The maximum HLPR.TO drawdown since its inception was -38.96%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for HLPR.TO and HXQ.TO.

Drawdown Indicators

	HLPR.TO	HXQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.96%	-31.60%	-7.36%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-12.43%	+9.94%
Max Drawdown (3Y) Largest decline over 3 years	-9.48%	-22.58%	+13.10%
Max Drawdown (5Y) Largest decline over 5 years	-26.79%	-31.60%	+4.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.60%	—
Current Drawdown Current decline from peak	0.00%	-7.80%	+7.80%
Average Drawdown Average peak-to-trough decline	-6.43%	-5.72%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	4.30%	-3.87%

Volatility

HLPR.TO vs. HXQ.TO - Volatility Comparison

The current volatility for Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) is 1.17%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 6.71%. This indicates that HLPR.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLPR.TO	HXQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	6.71%	-5.54%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	15.67%	-12.76%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	18.98%	-14.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	21.29%	-12.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.97%	21.07%	-8.10%

HLPR.TO vs. HXQ.TO - Expense Ratio Comparison

HLPR.TO has a 0.30% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

HLPR.TO vs. HXQ.TO - Dividend Comparison

Neither HLPR.TO nor HXQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HLPR.TO and HXQ.TO in my portfolio?

HLPR.TO and HXQ.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HLPR.TO or HXQ.TO?

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HLPR.TO or HXQ.TO?

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.30% for HLPR.TO.

What is the main difference between HLPR.TO and HXQ.TO?

HLPR.TO is categorized as Preferred Stock, while HXQ.TO is Nasdaq-100. HLPR.TO tracks Solactive Laddered Canadian Preferred Share Index, while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 0.30% for HLPR.TO and 0.25% for HXQ.TO.