HTB.TO vs. HBND.TO
HTB.TO (Global X US 7-10 Year Treasury Bond Index Corporate Class ETF) and HBND.TO ( Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged)) are both Government Bonds funds. Both are actively managed. Over the past year, HTB.TO returned 6.05% vs 3.46% for HBND.TO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
HTB.TO vs. HBND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HTB.TO achieves a 1.68% return, which is significantly higher than HBND.TO's -1.19% return.
HTB.TO
- 1D
- 0.08%
- 1M
- 0.03%
- 6M
- 0.05%
- YTD
- 1.68%
- 1Y
- 6.05%
- 3Y*
- 4.68%
- 5Y*
- 0.54%
- 10Y*
- 1.13%
HBND.TO
- 1D
- 0.25%
- 1M
- -1.45%
- 6M
- -2.34%
- YTD
- -1.19%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HTB.TO vs. HBND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 1.68% | 2.71% | 8.07% | 2.23% |
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | -1.19% | 4.05% | -7.02% | 4.34% |
Correlation
The correlation between HTB.TO and HBND.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 15, 2023 | 0.60 |
The correlation between HTB.TO and HBND.TO shifts across timeframes, from 0.46 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HTB.TO vs. HBND.TO — Risk / Return Rank
HTB.TO
HBND.TO
HTB.TO vs. HBND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) and Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.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.
| HTB.TO | HBND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.07 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.51 | +0.62 |
| Martin ratioReturn relative to average drawdown | 2.34 | 1.24 | +1.09 |
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Drawdowns
HTB.TO vs. HBND.TO - Drawdown Comparison
The maximum HTB.TO drawdown since its inception was -26.11%, which is greater than HBND.TO's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for HTB.TO and HBND.TO.
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Drawdown Indicators
| HTB.TO | HBND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.11% | -13.62% | -12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -6.76% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.11% | — | — |
Current DrawdownCurrent decline from peak | -11.91% | -8.83% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -6.55% | -5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.79% | -0.20% |
Volatility
HTB.TO vs. HBND.TO - Volatility Comparison
The current volatility for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) is 2.00%, while Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) (HBND.TO) has a volatility of 2.70%. This indicates that HTB.TO experiences smaller price fluctuations and is considered to be less risky than HBND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTB.TO | HBND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 2.70% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 6.18% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 8.44% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 11.24% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 11.24% | -1.86% |
Dividends
HTB.TO vs. HBND.TO - Dividend Comparison
HTB.TO has not paid dividends to shareholders, while HBND.TO's dividend yield for the trailing twelve months is around 11.28%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBND.TO Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedged) | 11.28% | 11.84% | 11.51% | 2.41% |
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HTB.TO and HBND.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: Global X and Hamilton Capital.
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