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HXH.TO vs. HAL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXH.TO vs. HAL.TO

Last updated Jun 4, 2026

HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) and HAL.TO (Global X Active Canadian Dividend ETF) are both Canada Equities funds from Global X. HXH.TO is passively managed, while HAL.TO is actively managed. Over the past 10 years, HXH.TO returned 11.74%/yr vs 11.69%/yr for HAL.TO. A 0.58 correlation means they provide meaningful diversification when combined. HXH.TO charges 0.11%/yr vs 0.67%/yr for HAL.TO.

Performance

HXH.TO vs. HAL.TO - 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 Global X Active Canadian Dividend ETF (HAL.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, HXH.TO achieves a 20.31% return, which is significantly higher than HAL.TO's 17.28% return. Both investments have delivered pretty close results over the past 10 years, with HXH.TO having a 11.74% annualized return and HAL.TO not far behind at 11.69%.

HXH.TO

1D
0.07%
1M
3.71%
YTD
20.31%
6M
22.05%
1Y
40.82%
3Y*
21.85%
5Y*
16.07%
10Y*
11.74%

HAL.TO

1D
1.49%
1M
3.85%
YTD
17.28%
6M
20.97%
1Y
42.29%
3Y*
21.26%
5Y*
14.92%
10Y*
11.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXH.TO vs. HAL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXH.TO
Global X Canadian High Dividend Index Corporate Class ETF		20.31%25.86%15.24%6.33%5.00%34.51%-7.66%22.17%-14.86%8.10%
HAL.TO
Global X Active Canadian Dividend ETF		17.28%24.60%21.69%-0.73%3.43%21.17%-2.64%25.04%-6.22%7.10%

Correlation

The correlation between HXH.TO and HAL.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

0.60

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

0.66

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Apr 13, 2016

0.58

The correlation between HXH.TO and HAL.TO shifts across timeframes, from 0.39 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

HXH.TO vs. HAL.TO - Sectors Allocation Comparison

Sectors
HXH.TO
HAL.TO

Real Estate

32.3%
3.2%

Basic Materials

-

12.9%

Communication Services

-

-

Consumer Cyclical

-

1.8%

Consumer Defensive

-

4.0%

Energy

-

25.2%

Financial Services

-

24.9%

Healthcare

-

-

Industrials

-

15.3%

Technology

-

-

Utilities

-

12.6%

Real Estate

HXH.TO
32.3%
HAL.TO
3.2%

Basic Materials

HXH.TO

-

HAL.TO
12.9%

Communication Services

HXH.TO

-

HAL.TO

-

Consumer Cyclical

HXH.TO

-

HAL.TO
1.8%

Consumer Defensive

HXH.TO

-

HAL.TO
4.0%

Energy

HXH.TO

-

HAL.TO
25.2%

Financial Services

HXH.TO

-

HAL.TO
24.9%

Healthcare

HXH.TO

-

HAL.TO

-

Industrials

HXH.TO

-

HAL.TO
15.3%

Technology

HXH.TO

-

HAL.TO

-

Utilities

HXH.TO

-

HAL.TO
12.6%

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Global X Canadian High Dividend Index Corporate Class ETF

Global X Active Canadian Dividend ETF

Often compared with HXH.TO:
HXH.TO vs. VDY.TOHXH.TO vs. HXT.TOHXH.TO vs. XEI.TOHXH.TO vs. XDIV.TOHXH.TO vs. ZRE.TOHXH.TO vs. ZEQT.TOHXH.TO vs. SPMO
Often compared with HAL.TO:
HAL.TO vs. HCA.TOHAL.TO vs. CASH.TOHAL.TO vs. CFOU.TOHAL.TO vs. CBIL.TOHAL.TO vs. HBNK.TOHAL.TO vs. HEWB.TOHAL.TO vs. XCS.TO

Return for Risk

HXH.TO vs. HAL.TO — 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: 9898
Overall Rank
HXH.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HXH.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
HXH.TO Omega Ratio Rank: 9898
Omega Ratio Rank
HXH.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
HXH.TO Martin Ratio Rank: 9797
Martin Ratio Rank
HAL.TO
HAL.TO Risk / Return Rank: 9696
Overall Rank
HAL.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HAL.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
HAL.TO Omega Ratio Rank: 9797
Omega Ratio Rank
HAL.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
HAL.TO Martin Ratio Rank: 9696
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.

HXH.TO vs. HAL.TO - 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 Global X Active Canadian Dividend ETF (HAL.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.

HXH.TOHAL.TODifference
Sharpe ratioReturn per unit of total volatility
4.99
4.46

+0.53

Sortino ratioReturn per unit of downside risk
7.51
6.04

+1.48

Omega ratioGain probability vs. loss probability

2.08

1.93

+0.15

Calmar ratioReturn relative to maximum drawdown

16.25

8.26

+7.99

Martin ratioReturn relative to average drawdown

50.77

37.67

+13.10

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. HAL.TO - Sharpe Ratio Comparison

The current HXH.TO Sharpe Ratio is 4.99, which is comparable to the HAL.TO Sharpe Ratio of 4.46. The chart below compares the historical Sharpe Ratios of HXH.TO and HAL.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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Sharpe Ratios by Period

HXH.TOHAL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.99

4.46

+0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.33

1.21

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.79

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.79

-0.03

Drawdowns

HXH.TO vs. HAL.TO - Drawdown Comparison

The maximum HXH.TO drawdown since its inception was -40.80%, roughly equal to the maximum HAL.TO drawdown of -39.70%. Use the drawdown chart below to compare losses from any high point for HXH.TO and HAL.TO.

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Drawdown Indicators

HXH.TOHAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.80%

-39.70%

-1.10%

Max Drawdown (1Y)

Largest decline over 1 year

-2.52%

-5.15%

+2.63%

Max Drawdown (3Y)

Largest decline over 3 years

-10.55%

-12.44%

+1.89%

Max Drawdown (5Y)

Largest decline over 5 years

-15.88%

-16.43%

+0.55%

Max Drawdown (10Y)

Largest decline over 10 years

-40.80%

-39.70%

-1.10%

Current Drawdown

Current decline from peak

-0.73%

0.00%

-0.73%

Average Drawdown

Average peak-to-trough decline

-4.86%

-4.19%

-0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.81%

1.13%

-0.32%

Volatility

HXH.TO vs. HAL.TO - Volatility Comparison

Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) has a higher volatility of 3.02% compared to Global X Active Canadian Dividend ETF (HAL.TO) at 2.48%. This indicates that HXH.TO's price experiences larger fluctuations and is considered to be riskier than HAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXH.TOHAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.02%

2.48%

+0.54%

Volatility (6M)

Calculated over the trailing 6-month period

6.79%

7.85%

-1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

8.23%

9.53%

-1.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.18%

12.36%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.05%

14.85%

+1.20%

HXH.TO vs. HAL.TO - Expense Ratio Comparison

HXH.TO has a 0.11% expense ratio, which is lower than HAL.TO's 0.67% expense ratio.

Dividends

HXH.TO vs. HAL.TO - Dividend Comparison

HXH.TO has not paid dividends to shareholders, while HAL.TO's dividend yield for the trailing twelve months is around 1.97%.

PositionTTM20252024202320222021202020192018201720162015
HAL.TO
Global X Active Canadian Dividend ETF		1.97%2.37%2.79%3.60%4.84%2.99%3.56%2.96%3.43%3.17%2.84%3.19%
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%

Frequently Asked Questions

HXH.TO and HAL.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.

On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.67% for HAL.TO.

Their fees differ too: 0.11% for HXH.TO and 0.67% for HAL.TO.

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