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HXDM.TO vs. RID.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXDM.TO vs. RID.TO

Last updated Jul 16, 2026
Documentation

HXDM.TO (Global X Intl Developed Markets Equity Index Corporate Class ETF) and RID.TO (RBC Quant EAFE Dividend Leaders ETF CAD) are both International Equity funds. HXDM.TO is passively managed, while RID.TO is actively managed. Over the past 5 years, HXDM.TO returned 10.82%/yr vs 13.70%/yr for RID.TO. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

HXDM.TO vs. RID.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) and RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HXDM.TO achieves a 12.68% return, which is significantly lower than RID.TO's 16.07% return.

HXDM.TO

1D
0.32%
1M
0.52%
6M
7.52%
YTD
12.68%
1Y
24.37%
3Y*
16.98%
5Y*
10.82%
10Y*
—

RID.TO

1D
0.13%
1M
0.58%
6M
10.88%
YTD
16.07%
1Y
32.72%
3Y*
22.79%
5Y*
13.70%
10Y*
10.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXDM.TO vs. RID.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HXDM.TO
Global X Intl Developed Markets Equity Index Corporate Class ETF		12.68%24.06%11.07%15.09%-8.78%10.16%4.59%15.19%-8.61%
RID.TO
RBC Quant EAFE Dividend Leaders ETF CAD		16.07%33.82%13.48%16.19%-10.04%12.26%0.73%10.85%-5.98%

Correlation

The correlation between HXDM.TO and RID.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Jan 9, 2018

0.74

The correlation between HXDM.TO and RID.TO shifts across timeframes, from 0.70 (5 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Global X Intl Developed Markets Equity Index Corporate Class ETF

RBC Quant EAFE Dividend Leaders ETF CAD

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Return for Risk

HXDM.TO vs. RID.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXDM.TO
HXDM.TO Risk / Return Rank: 5656
Overall Rank
HXDM.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
HXDM.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
HXDM.TO Omega Ratio Rank: 5858
Omega Ratio Rank
HXDM.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
HXDM.TO Martin Ratio Rank: 5858
Martin Ratio Rank
RID.TO
RID.TO Risk / Return Rank: 8383
Overall Rank
RID.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
RID.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
RID.TO Omega Ratio Rank: 8383
Omega Ratio Rank
RID.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
RID.TO Martin Ratio Rank: 8484
Martin Ratio Rank
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.

HXDM.TO vs. RID.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) and RBC Quant EAFE Dividend Leaders ETF CAD (RID.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.

HXDM.TORID.TODifference
Sharpe ratioReturn per unit of total volatility
1.57
2.20

-0.64

Sortino ratioReturn per unit of downside risk
2.23
3.03

-0.80

Omega ratioGain probability vs. loss probability

1.29

1.40

-0.11

Calmar ratioReturn relative to maximum drawdown

2.15

3.34

-1.19

Martin ratioReturn relative to average drawdown

8.14

13.44

-5.30

HXDM.TO vs. RID.TO - Sharpe Ratio Comparison

The current HXDM.TO Sharpe Ratio is 1.57, which is comparable to the RID.TO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of HXDM.TO and RID.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.

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Drawdowns

HXDM.TO vs. RID.TO - Drawdown Comparison

The maximum HXDM.TO drawdown since its inception was -28.43%, roughly equal to the maximum RID.TO drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for HXDM.TO and RID.TO.

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Drawdown Indicators

HXDM.TORID.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.43%

-28.74%

+0.31%

Max Drawdown (1Y)

Largest decline over 1 year

-11.40%

-9.85%

-1.55%

Max Drawdown (3Y)

Largest decline over 3 years

-14.65%

-15.23%

+0.58%

Max Drawdown (5Y)

Largest decline over 5 years

-23.87%

-23.88%

+0.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.74%

—

Current Drawdown

Current decline from peak

-2.34%

-2.31%

-0.03%

Average Drawdown

Average peak-to-trough decline

-4.78%

-4.45%

-0.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

2.44%

+0.56%

Volatility

HXDM.TO vs. RID.TO - Volatility Comparison

The current volatility for Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) is 3.99%, while RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) has a volatility of 4.23%. This indicates that HXDM.TO experiences smaller price fluctuations and is considered to be less risky than RID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXDM.TORID.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.99%

4.23%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

13.45%

12.09%

+1.36%

Volatility (1Y)

Calculated over the trailing 1-year period

15.64%

14.95%

+0.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.25%

14.10%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.43%

14.98%

+0.45%

Dividends

HXDM.TO vs. RID.TO - Dividend Comparison

HXDM.TO has not paid dividends to shareholders, while RID.TO's dividend yield for the trailing twelve months is around 2.84%.

PositionTTM20252024202320222021202020192018201720162015
HXDM.TO
Global X Intl Developed Markets Equity Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
RID.TO
RBC Quant EAFE Dividend Leaders ETF CAD		2.84%3.03%3.52%3.76%4.09%2.65%3.54%4.14%4.57%3.00%3.35%3.22%

Frequently Asked Questions

HXDM.TO and RID.TO have a correlation of 0.88, 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 RBC.

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