HXH.TO vs. HLPR.TO

Last updated Jul 14, 2026

HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) and HLPR.TO (Global X Laddered Canadian Preferred Share Index Corporate Class ETF) are both exchange-traded funds - HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index, while HLPR.TO is a Preferred Stock/Convertible Bonds fund tracking the Solactive Laddered Canadian Preferred Share Index. Both are passively managed. Over the past 5 years, HXH.TO returned 16.80%/yr vs 7.68%/yr for HLPR.TO. At a 0.25 correlation, their price movements are largely independent. HXH.TO charges 0.11%/yr vs 0.30%/yr for HLPR.TO.

Performance

HXH.TO vs. HLPR.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 Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HXH.TO achieves a 23.76% return, which is significantly higher than HLPR.TO's 7.94% return.

HXH.TO

• 1D: 1.04%
• 1M: 1.06%
• 6M: 23.24%
• YTD: 23.76%
• 1Y: 42.73%
• 3Y*: 23.03%
• 5Y*: 16.80%
• 10Y*: 11.83%

HLPR.TO

• 1D: 0.11%
• 1M: 1.91%
• 6M: 7.22%
• YTD: 7.94%
• 1Y: 16.47%
• 3Y*: 19.67%
• 5Y*: 7.68%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	23.76%	25.86%	15.24%	6.33%	5.00%	34.51%	-7.66%	7.52%
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF	7.94%	18.79%	28.13%	2.89%	-17.83%	23.17%	6.42%	0.80%

Correlation

The correlation between HXH.TO and HLPR.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019	0.25

Over the past year, the correlation between HXH.TO and HLPR.TO has dropped to 0.00 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Return for Risk

HXH.TO vs. HLPR.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: 98
HXH.TO Sharpe Ratio Rank: 98
HXH.TO Sortino Ratio Rank: 98
HXH.TO Omega Ratio Rank: 98
HXH.TO Calmar Ratio Rank: 99
HXH.TO Martin Ratio Rank: 98

HLPR.TO

HLPR.TO Risk / Return Rank: 97
HLPR.TO Sharpe Ratio Rank: 97
HLPR.TO Sortino Ratio Rank: 97
HLPR.TO Omega Ratio Rank: 97
HLPR.TO Calmar Ratio Rank: 96
HLPR.TO Martin Ratio Rank: 97

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. HLPR.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 Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.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.

	HXH.TO	HLPR.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.07	3.83	+1.24
Sortino ratio: Return per unit of downside risk	7.71	5.35	+2.36
Omega ratio: Gain probability vs. loss probability	2.07	1.84	+0.23
Calmar ratio: Return relative to maximum drawdown	17.01	6.65	+10.35
Martin ratio: Return relative to average drawdown	51.26	38.06	+13.19

HXH.TO vs. HLPR.TO - Sharpe Ratio Comparison

The current HXH.TO Sharpe Ratio is 5.07, which is higher than the HLPR.TO Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of HXH.TO and HLPR.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.

Drawdowns

HXH.TO vs. HLPR.TO - Drawdown Comparison

The maximum HXH.TO drawdown since its inception was -40.80%, roughly equal to the maximum HLPR.TO drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for HXH.TO and HLPR.TO.

Drawdown Indicators

	HXH.TO	HLPR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-38.96%	-1.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	-2.49%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-10.55%	-9.88%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-15.48%	-26.79%	+11.31%
Max Drawdown (10Y) Largest decline over 10 years	-40.80%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.82%	-6.48%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.43%	+0.41%

Volatility

HXH.TO vs. HLPR.TO - Volatility Comparison

Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) has a higher volatility of 2.60% compared to Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) at 1.12%. This indicates that HXH.TO's price experiences larger fluctuations and is considered to be riskier than HLPR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXH.TO	HLPR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	1.12%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	6.71%	2.81%	+3.90%
Volatility (1Y) Calculated over the trailing 1-year period	8.48%	4.33%	+4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	8.34%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	13.01%	+3.00%

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

HXH.TO has a 0.11% expense ratio, which is lower than HLPR.TO's 0.30% expense ratio.

Dividends

HXH.TO vs. HLPR.TO - Dividend Comparison

Neither HXH.TO nor HLPR.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HXH.TO and HLPR.TO in my portfolio?

HXH.TO and HLPR.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HXH.TO or HLPR.TO?

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.

Which ETF is cheaper, HXH.TO or HLPR.TO?

HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.30% for HLPR.TO.

What is the main difference between HXH.TO and HLPR.TO?

HXH.TO is categorized as Canada Equities, while HLPR.TO is Preferred Stock/Convertible Bonds. HXH.TO tracks Solactive Canadian High Dividend Yield Index, while HLPR.TO tracks Solactive Laddered Canadian Preferred Share Index. Their fees differ too: 0.11% for HXH.TO and 0.30% for HLPR.TO.