HXF.TO vs. HFG.TO
HXF.TO (Global X S&P/TSX Capped Financials Index Corporate Class ETF) and HFG.TO (Hamilton Global Financials ETF) are both Financials Equities funds. HXF.TO is passively managed, while HFG.TO is actively managed. Over the past 5 years, HXF.TO returned 20.22%/yr vs 15.63%/yr for HFG.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
HXF.TO vs. HFG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXF.TO achieves a 26.34% return, which is significantly higher than HFG.TO's 8.69% return.
HXF.TO
- 1D
- 1.42%
- 1M
- 6.47%
- 6M
- 25.61%
- YTD
- 26.34%
- 1Y
- 54.30%
- 3Y*
- 33.98%
- 5Y*
- 20.22%
- 10Y*
- 16.29%
HFG.TO
- 1D
- 0.86%
- 1M
- 5.60%
- 6M
- 8.52%
- YTD
- 8.69%
- 1Y
- 19.95%
- 3Y*
- 24.92%
- 5Y*
- 15.63%
- 10Y*
- —
HXF.TO vs. HFG.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 | 26.34% | 35.34% | 30.19% | 12.46% | -9.00% | 35.14% | 1.80% | 21.45% | -9.50% | 10.27% |
HFG.TO Hamilton Global Financials ETF | 8.69% | 22.93% | 30.80% | 18.51% | -9.52% | 30.39% | 15.62% | 16.95% | -14.80% | 2.48% |
Correlation
The correlation between HXF.TO and HFG.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2017 | 0.38 |
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Return for Risk
HXF.TO vs. HFG.TO — Risk / Return Rank
HXF.TO
HFG.TO
HXF.TO vs. HFG.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 Hamilton Global Financials ETF (HFG.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 | HFG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.30 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.78 | 1.83 | +4.95 |
| Martin ratioReturn relative to average drawdown | 27.43 | 5.78 | +21.65 |
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Drawdowns
HXF.TO vs. HFG.TO - Drawdown Comparison
The maximum HXF.TO drawdown since its inception was -39.77%, smaller than the maximum HFG.TO drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for HXF.TO and HFG.TO.
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Drawdown Indicators
| HXF.TO | HFG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.77% | -42.71% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -10.95% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.90% | -13.64% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -20.20% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -39.77% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -5.37% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.46% | -1.50% |
Volatility
HXF.TO vs. HFG.TO - Volatility Comparison
Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO) and Hamilton Global Financials ETF (HFG.TO) have volatilities of 3.58% and 3.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXF.TO | HFG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.51% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 10.72% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 13.12% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 16.04% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 20.25% | -3.22% |
Dividends
HXF.TO vs. HFG.TO - Dividend Comparison
HXF.TO has not paid dividends to shareholders, while HFG.TO's dividend yield for the trailing twelve months is around 2.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HFG.TO Hamilton Global Financials ETF | 2.38% | 2.55% | 3.05% | 3.86% | 10.09% | 4.16% | 1.85% |
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% |
Frequently Asked Questions
HXF.TO and HFG.TO have a correlation of 0.39, 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.
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