HXH.TO vs. GLAD

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Gladstone Capital Corporation (GLAD).

HXH.TO is a passively managed fund by Global X that tracks the performance of the Solactive Canadian High Dividend Yield Index. It was launched on Apr 8, 2016.

Performance

HXH.TO vs. GLAD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Gladstone Capital Corporation (GLAD). The values are adjusted to include any dividend payments, if applicable.

HXH.TO vs. GLAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	11.87%	25.86%	15.24%	6.33%	5.00%	34.51%	-7.66%	22.17%	-14.86%	8.10%
GLAD Gladstone Capital Corporation	-12.83%	-24.76%	59.61%	20.00%	-4.05%	39.23%	-2.37%	41.27%	-5.70%	0.23%

Different Trading Currencies

HXH.TO is traded in CAD, while GLAD is traded in USD. To make them comparable, the GLAD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HXH.TO achieves a 11.87% return, which is significantly higher than GLAD's -12.83% return.

HXH.TO

• 1D: -0.04%
• 1M: 1.19%
• YTD: 11.87%
• 6M: 17.08%
• 1Y: 35.91%
• 3Y*: 19.22%
• 5Y*: 16.30%
• 10Y*: —

GLAD

• 1D: 0.94%
• 1M: -1.95%
• YTD: -12.83%
• 6M: -16.96%
• 1Y: -33.25%
• 3Y*: 7.99%
• 5Y*: 7.82%
• 10Y*: 11.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HXH.TO vs. GLAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HXH.TO

HXH.TO Risk / Return Rank: 97
HXH.TO Sharpe Ratio Rank: 98
HXH.TO Sortino Ratio Rank: 98
HXH.TO Omega Ratio Rank: 98
HXH.TO Calmar Ratio Rank: 93
HXH.TO Martin Ratio Rank: 97

GLAD

GLAD Risk / Return Rank: 8
GLAD Sharpe Ratio Rank: 3
GLAD Sortino Ratio Rank: 6
GLAD Omega Ratio Rank: 5
GLAD Calmar Ratio Rank: 13
GLAD Martin Ratio Rank: 13

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.

HXH.TO vs. GLAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Gladstone Capital Corporation (GLAD). 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.

	HXH.TO	GLAD	Difference
Sharpe ratio Return per unit of total volatility	3.52	-1.24	+4.75
Sortino ratio Return per unit of downside risk	4.34	-1.70	+6.03
Omega ratio Gain probability vs. loss probability	1.79	0.78	+1.01
Calmar ratio Return relative to maximum drawdown	3.43	-0.86	+4.29
Martin ratio Return relative to average drawdown	19.35	-1.51	+20.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXH.TO vs. GLAD - Sharpe Ratio Comparison

The current HXH.TO Sharpe Ratio is 3.52, which is higher than the GLAD Sharpe Ratio of -1.24. The chart below compares the historical Sharpe Ratios of HXH.TO and GLAD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HXH.TO	GLAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.52	-1.24	+4.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.35	0.35	+1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.43	+0.28

Correlation

The correlation between HXH.TO and GLAD is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HXH.TO vs. GLAD - Dividend Comparison

HXH.TO has not paid dividends to shareholders, while GLAD's dividend yield for the trailing twelve months is around 11.47%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HXH.TO Global X Canadian High Dividend 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%
GLAD Gladstone Capital Corporation	11.47%	9.85%	8.37%	9.16%	8.42%	6.73%	8.97%	8.46%	11.51%	9.12%	8.95%	11.49%

Drawdowns

HXH.TO vs. GLAD - Drawdown Comparison

The maximum HXH.TO drawdown since its inception was -40.80%, smaller than the maximum GLAD drawdown of -54.53%. Use the drawdown chart below to compare losses from any high point for HXH.TO and GLAD.

Drawdown Indicators

	HXH.TO	GLAD	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-74.87%	+34.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-39.22%	+28.83%
Max Drawdown (5Y) Largest decline over 5 years	-15.88%	-39.59%	+23.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-58.37%	—
Current Drawdown Current decline from peak	-0.31%	-36.67%	+36.36%
Average Drawdown Average peak-to-trough decline	-4.94%	-18.62%	+13.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	22.02%	-20.18%

Volatility

HXH.TO vs. GLAD - Volatility Comparison

The current volatility for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) is 2.87%, while Gladstone Capital Corporation (GLAD) has a volatility of 8.16%. This indicates that HXH.TO experiences smaller price fluctuations and is considered to be less risky than GLAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXH.TO	GLAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	8.16%	-5.29%
Volatility (6M) Calculated over the trailing 6-month period	6.29%	17.91%	-11.62%
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	27.01%	-16.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	22.34%	-10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	28.81%	-12.74%