HXH.TO vs. PDF.TO

Last updated Aug 4, 2026

HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) and PDF.TO (Purpose Core Dividend Fund) are both exchange-traded funds - HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index, while PDF.TO is a Dividend fund actively managed by Purpose. HXH.TO is passively managed, while PDF.TO is actively managed. Over the past 10 years, HXH.TO returned 12.20%/yr vs 9.70%/yr for PDF.TO. Their 0.58 correlation means they have sometimes moved together and sometimes differently. HXH.TO charges 0.11%/yr vs 0.66%/yr for PDF.TO.

Performance

HXH.TO vs. PDF.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 Purpose Core Dividend Fund (PDF.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 25.25% return, which is significantly higher than PDF.TO's 20.56% return. Over the past 10 years, HXH.TO has outperformed PDF.TO with an annualized return of 12.20%, while PDF.TO has yielded a comparatively lower 9.70% annualized return.

HXH.TO

• 1D: -0.23%
• 1M: 3.99%
• 6M: 21.03%
• YTD: 25.25%
• 1Y: 42.71%
• 3Y*: 23.27%
• 5Y*: 17.45%
• 10Y*: 12.20%
• ALL TIME*: 12.39%

PDF.TO

• 1D: 0.07%
• 1M: 1.78%
• 6M: 16.58%
• YTD: 20.56%
• 1Y: 35.64%
• 3Y*: 19.06%
• 5Y*: 12.16%
• 10Y*: 9.70%
• ALL TIME*: 10.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF	CA$171.87K	CA$164.71K	CA$187.22K
PDF.TO Purpose Core Dividend Fund	CA$197.79K	CA$214.85K	CA$225.89K

HXH.TO vs. PDF.TO - 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	25.25%	25.86%	15.24%	6.33%	5.00%	34.51%	-7.66%	22.17%	-14.86%	8.10%
PDF.TO Purpose Core Dividend Fund	20.56%	20.44%	13.61%	4.13%	-1.74%	24.35%	-0.79%	23.25%	-11.14%	7.37%

Correlation

The correlation between HXH.TO and PDF.TO is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (10Y) Provides a long-term view across more market conditions.	0.58
Correlation (All Time) Calculated using the full available price history since Apr 12, 2016	0.58

The correlation between HXH.TO and PDF.TO has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

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

Sectors	HXH.TO	PDF.TO
Real Estate	32.3%	-
Basic Materials	-	3.9%
Communication Services	-	2.9%
Consumer Cyclical	-	8.2%
Consumer Defensive	-	3.6%
Energy	-	12.3%
Financial Services	-	43.2%
Healthcare	-	6.9%
Industrials	-	6.5%
Technology	-	7.8%
Utilities	-	4.7%

Return for Risk

HXH.TO vs. PDF.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

PDF.TO

PDF.TO Risk / Return Rank: 97
PDF.TO Sharpe Ratio Rank: 98
PDF.TO Sortino Ratio Rank: 98
PDF.TO Omega Ratio Rank: 97
PDF.TO Calmar Ratio Rank: 95
PDF.TO Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HXH.TO vs. PDF.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 Purpose Core Dividend Fund (PDF.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	PDF.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.87	4.17	+0.70
Sortino ratio: Return per unit of downside risk	7.26	6.01	+1.25
Omega ratio: Gain probability vs. loss probability	1.99	1.78	+0.21
Calmar ratio: Return relative to maximum drawdown	16.64	5.54	+11.10
Martin ratio: Return relative to average drawdown	49.99	25.22	+24.76

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

The current HXH.TO Sharpe Ratio is 4.87, which is comparable to the PDF.TO Sharpe Ratio of 4.17. The chart below compares the historical Sharpe Ratios of HXH.TO and PDF.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. PDF.TO - Drawdown Comparison

The maximum HXH.TO drawdown since its inception was -40.80%, which is greater than PDF.TO's maximum drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for HXH.TO and PDF.TO.

Drawdown Indicators

	HXH.TO	PDF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-36.00%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	-6.35%	+3.83%
Max Drawdown (3Y) Largest decline over 3 years	-10.55%	-9.28%	-1.27%
Max Drawdown (5Y) Largest decline over 5 years	-15.48%	-15.81%	+0.33%
Max Drawdown (10Y) Largest decline over 10 years	-40.80%	-36.00%	-4.80%
Current Drawdown Current decline from peak	-0.43%	-0.76%	+0.33%
Average Drawdown Average peak-to-trough decline	-4.79%	-3.44%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	1.39%	-0.55%

Volatility

HXH.TO vs. PDF.TO - Volatility Comparison

Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Purpose Core Dividend Fund (PDF.TO) have volatilities of 2.78% and 2.82%, 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.

Volatility by Period

	HXH.TO	PDF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.82%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	6.55%	6.95%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	8.63%	8.46%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.09%	10.35%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	13.58%	+2.43%

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

HXH.TO has a 0.11% expense ratio, which is lower than PDF.TO's 0.66% expense ratio.

Dividends

HXH.TO vs. PDF.TO - Dividend Comparison

HXH.TO has not paid dividends to shareholders, while PDF.TO's dividend yield for the trailing twelve months is around 2.78%.

Position	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%
PDF.TO Purpose Core Dividend Fund	2.78%	3.49%	3.82%	4.17%	3.77%	3.19%	3.84%	3.65%	4.33%	3.50%	3.38%	3.40%

Frequently Asked Questions

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

HXH.TO and PDF.TO have a correlation of 0.55, 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 PDF.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 PDF.TO?

HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.66% for PDF.TO.

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

HXH.TO is categorized as Canada Equities, while PDF.TO is Dividend. They also come from different issuers: Global X and Purpose. Their fees differ too: 0.11% for HXH.TO and 0.66% for PDF.TO.