HSH.TO vs. EQLI.TO
HSH.TO (Global X S&P 500 CAD Hedged Index Corporate Class ETF) and EQLI.TO (Invesco S&P 500 Equal Weight Income Advantage ETF) are both S&P 500 funds. HSH.TO is actively managed, while EQLI.TO is passively managed. Over the past year, HSH.TO returned 19.57% vs 20.67% for EQLI.TO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
HSH.TO vs. EQLI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HSH.TO achieves a 9.63% return, which is significantly lower than EQLI.TO's 12.94% return.
HSH.TO
- 1D
- 0.10%
- 1M
- 0.05%
- 6M
- 8.63%
- YTD
- 9.63%
- 1Y
- 19.57%
- 3Y*
- 18.33%
- 5Y*
- 11.71%
- 10Y*
- —
EQLI.TO
- 1D
- -0.44%
- 1M
- 1.27%
- 6M
- 8.86%
- YTD
- 12.94%
- 1Y
- 20.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSH.TO vs. EQLI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HSH.TO Global X S&P 500 CAD Hedged Index Corporate Class ETF | 9.63% | 15.34% | 4.95% |
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF | 12.94% | 6.41% | 7.17% |
Correlation
The correlation between HSH.TO and EQLI.TO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | 0.57 |
The correlation between HSH.TO and EQLI.TO has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
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Return for Risk
HSH.TO vs. EQLI.TO — Risk / Return Rank
HSH.TO
EQLI.TO
HSH.TO vs. EQLI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH.TO) and Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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.
| HSH.TO | EQLI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.80 | -1.74 |
| Martin ratioReturn relative to average drawdown | 8.81 | 14.48 | -5.67 |
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Drawdowns
HSH.TO vs. EQLI.TO - Drawdown Comparison
The maximum HSH.TO drawdown since its inception was -34.19%, which is greater than EQLI.TO's maximum drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for HSH.TO and EQLI.TO.
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Drawdown Indicators
| HSH.TO | EQLI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.19% | -15.56% | -18.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -5.47% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -2.47% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -2.33% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.43% | +0.80% |
Volatility
HSH.TO vs. EQLI.TO - Volatility Comparison
Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH.TO) has a higher volatility of 3.77% compared to Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) at 2.37%. This indicates that HSH.TO's price experiences larger fluctuations and is considered to be riskier than EQLI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSH.TO | EQLI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 2.37% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 7.06% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 9.21% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 11.94% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 11.94% | +8.17% |
Dividends
HSH.TO vs. EQLI.TO - Dividend Comparison
HSH.TO has not paid dividends to shareholders, while EQLI.TO's dividend yield for the trailing twelve months is around 8.15%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF | 8.15% | 8.74% | 2.99% |
HSH.TO Global X S&P 500 CAD Hedged Index Corporate Class ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HSH.TO and EQLI.TO have a correlation of 0.58, 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: Global X and Invesco.
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