HXE.TO vs. ENBE.TO
HXE.TO (Global X S&P/TSX Capped Energy Index Corporate Class ETF) and ENBE.TO (Harvest Enbridge Enhanced High Income Shares ETF) are both exchange-traded funds - HXE.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index (Total Return), while ENBE.TO is a Derivative Income fund actively managed by Harvest. HXE.TO is passively managed, while ENBE.TO is actively managed. Their 0.31 correlation means their historical movements had little consistent relationship. HXE.TO charges 0.27%/yr vs 0.40%/yr for ENBE.TO.
Performance
HXE.TO vs. ENBE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXE.TO achieves a 46.03% return, which is significantly higher than ENBE.TO's 20.40% return.
HXE.TO
- 1D
- 1.47%
- 1M
- 14.90%
- 6M
- 33.24%
- YTD
- 46.03%
- 1Y
- 66.82%
- 3Y*
- 25.08%
- 5Y*
- 33.12%
- 10Y*
- 12.31%
- ALL TIME*
- 7.13%
ENBE.TO
- 1D
- -1.28%
- 1M
- -0.09%
- 6M
- 19.49%
- YTD
- 20.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$135.31K | CA$104.69K | CA$69.67K | |
| CA$127.64K | CA$109.88K | CA$163.06K |
HXE.TO vs. ENBE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HXE.TO Global X S&P/TSX Capped Energy Index Corporate Class ETF | 46.03% | 16.13% |
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 20.40% | -0.98% |
Correlation
The correlation between HXE.TO and ENBE.TO is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | 0.31 |
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Return for Risk
HXE.TO vs. ENBE.TO — Risk / Return Rank
HXE.TO
ENBE.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HXE.TO vs. ENBE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) and Harvest Enbridge Enhanced High Income Shares ETF (ENBE.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.
| HXE.TO | ENBE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | — | — |
| Martin ratioReturn relative to average drawdown | 11.16 | — | — |
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Drawdowns
HXE.TO vs. ENBE.TO - Drawdown Comparison
The maximum HXE.TO drawdown since its inception was -85.92%, which is greater than ENBE.TO's maximum drawdown of -11.28%. Use the drawdown chart below to compare losses from any high point for HXE.TO and ENBE.TO.
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Drawdown Indicators
| HXE.TO | ENBE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -11.28% | -74.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.40% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -5.26% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -30.54% | -3.14% | -27.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | — | — |
Volatility
HXE.TO vs. ENBE.TO - Volatility Comparison
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Volatility by Period
| HXE.TO | ENBE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.05% | 18.34% | +6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.24% | 18.34% | +10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.81% | 18.34% | +15.47% |
HXE.TO vs. ENBE.TO - Expense Ratio Comparison
HXE.TO has a 0.27% expense ratio, which is lower than ENBE.TO's 0.40% expense ratio.
Dividends
HXE.TO vs. ENBE.TO - Dividend Comparison
HXE.TO has not paid dividends to shareholders, while ENBE.TO's dividend yield for the trailing twelve months is around 10.95%.
| Position | TTM | 2025 |
|---|---|---|
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 10.95% | 4.47% |
HXE.TO Global X S&P/TSX Capped Energy Index Corporate Class ETF | 0.00% | 0.00% |
Frequently Asked Questions
HXE.TO and ENBE.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXE.TO is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXE.TO is cheaper with a 0.27% expense ratio, compared with 0.40% for ENBE.TO.
HXE.TO is categorized as Energy Equities, while ENBE.TO is Derivative Income. They also come from different issuers: Global X and Harvest. Their fees differ too: 0.27% for HXE.TO and 0.40% for ENBE.TO.
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