HXF.TO vs. FIE.TO
HXF.TO (Global X S&P/TSX Capped Financials Index Corporate Class ETF) and FIE.TO (iShares Canadian Financial Monthly Income ETF) are both Financials Equities funds. HXF.TO is passively managed, while FIE.TO is actively managed. Over the past 10 years, HXF.TO returned 16.04%/yr vs 12.31%/yr for FIE.TO. At a 0.46 correlation, their price movements are largely independent. HXF.TO charges 0.25%/yr vs 0.74%/yr for FIE.TO.
Performance
HXF.TO vs. FIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXF.TO achieves a 20.97% return, which is significantly higher than FIE.TO's 14.56% return. Over the past 10 years, HXF.TO has outperformed FIE.TO with an annualized return of 16.04%, while FIE.TO has yielded a comparatively lower 12.31% annualized return.
HXF.TO
- 1D
- 0.49%
- 1M
- 7.63%
- YTD
- 20.97%
- 6M
- 21.66%
- 1Y
- 52.43%
- 3Y*
- 34.42%
- 5Y*
- 19.35%
- 10Y*
- 16.04%
FIE.TO
- 1D
- 0.09%
- 1M
- 4.86%
- YTD
- 14.56%
- 6M
- 11.23%
- 1Y
- 32.60%
- 3Y*
- 26.44%
- 5Y*
- 13.03%
- 10Y*
- 12.31%
HXF.TO vs. FIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXF.TO Global X S&P/TSX Capped Financials Index Corporate Class ETF | 20.97% | 35.34% | 30.19% | 12.46% | -9.00% | 35.14% | 1.80% | 21.45% | -9.50% | 12.67% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 14.56% | 24.36% | 27.62% | 12.58% | -14.35% | 27.34% | 1.33% | 18.97% | -9.12% | 12.01% |
Correlation
The correlation between HXF.TO and FIE.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2013 | 0.46 |
The correlation between HXF.TO and FIE.TO shifts across timeframes, from 0.33 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HXF.TO vs. FIE.TO — Risk / Return Rank
HXF.TO
FIE.TO
HXF.TO vs. FIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO) and iShares Canadian Financial Monthly Income ETF (FIE.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.
| HXF.TO | FIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.71 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 6.64 | 4.55 | +2.08 |
| Martin ratioReturn relative to average drawdown | 26.97 | 14.80 | +12.17 |
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Drawdowns
HXF.TO vs. FIE.TO - Drawdown Comparison
The maximum HXF.TO drawdown since its inception was -39.77%, smaller than the maximum FIE.TO drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for HXF.TO and FIE.TO.
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Drawdown Indicators
| HXF.TO | FIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.77% | -42.24% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -7.19% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -12.90% | -10.70% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -22.93% | +1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | -42.24% | +2.47% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -4.88% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.21% | -0.26% |
Volatility
HXF.TO vs. FIE.TO - Volatility Comparison
Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO) has a higher volatility of 3.60% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 2.54%. This indicates that HXF.TO's price experiences larger fluctuations and is considered to be riskier than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXF.TO | FIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.54% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 7.83% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 9.02% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 10.55% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 14.06% | +3.01% |
HXF.TO vs. FIE.TO - Expense Ratio Comparison
HXF.TO has a 0.25% expense ratio, which is lower than FIE.TO's 0.74% expense ratio.
Dividends
HXF.TO vs. FIE.TO - Dividend Comparison
HXF.TO has not paid dividends to shareholders, while FIE.TO's dividend yield for the trailing twelve months is around 4.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.34% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
HXF.TO Global X S&P/TSX Capped Financials 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% |
Frequently Asked Questions
HXF.TO and FIE.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXF.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXF.TO is cheaper with a 0.25% expense ratio, compared with 0.74% for FIE.TO.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.25% for HXF.TO and 0.74% for FIE.TO.
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