HXH.TO vs. XEG.TO
HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, HXH.TO returned 12.15%/yr vs 10.96%/yr for XEG.TO. A 0.53 correlation means they provide meaningful diversification when combined. HXH.TO charges 0.11%/yr vs 0.60%/yr for XEG.TO.
Performance
HXH.TO vs. XEG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXH.TO achieves a 22.00% return, which is significantly lower than XEG.TO's 30.47% return. Over the past 10 years, HXH.TO has outperformed XEG.TO with an annualized return of 12.15%, while XEG.TO has yielded a comparatively lower 10.96% annualized return.
HXH.TO
- 1D
- 0.48%
- 1M
- 0.67%
- YTD
- 22.00%
- 6M
- 22.85%
- 1Y
- 42.78%
- 3Y*
- 23.61%
- 5Y*
- 16.40%
- 10Y*
- 12.15%
XEG.TO
- 1D
- 0.20%
- 1M
- -11.00%
- YTD
- 30.47%
- 6M
- 33.01%
- 1Y
- 46.85%
- 3Y*
- 25.76%
- 5Y*
- 26.37%
- 10Y*
- 10.96%
HXH.TO vs. XEG.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 | 22.00% | 25.86% | 15.24% | 6.33% | 5.00% | 34.51% | -7.66% | 22.17% | -14.86% | 8.10% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 30.47% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
Correlation
The correlation between HXH.TO and XEG.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 | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2016 | 0.53 |
The correlation between HXH.TO and XEG.TO shifts across timeframes, from 0.39 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
HXH.TO vs. XEG.TO - Sectors Allocation Comparison
Sectors
HXH.TO
XEG.TO
Real Estate
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Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Financial Services
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Healthcare
-
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Industrials
-
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Technology
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-
Utilities
-
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Real Estate
HXH.TO
XEG.TO
-
Basic Materials
HXH.TO
-
XEG.TO
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Communication Services
HXH.TO
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XEG.TO
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Consumer Cyclical
HXH.TO
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XEG.TO
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Consumer Defensive
HXH.TO
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XEG.TO
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Energy
HXH.TO
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XEG.TO
Financial Services
HXH.TO
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XEG.TO
-
Healthcare
HXH.TO
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XEG.TO
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Industrials
HXH.TO
-
XEG.TO
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Technology
HXH.TO
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XEG.TO
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Utilities
HXH.TO
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XEG.TO
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Return for Risk
HXH.TO vs. XEG.TO — Risk / Return Rank
HXH.TO
XEG.TO
HXH.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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 | XEG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.14 | ||
| Sortino ratioReturn per unit of downside risk | +5.22 | ||
| Omega ratioGain probability vs. loss probability | 2.09 | 1.33 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 17.03 | 3.14 | +13.88 |
| Martin ratioReturn relative to average drawdown | 52.70 | 11.48 | +41.22 |
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Drawdowns
HXH.TO vs. XEG.TO - Drawdown Comparison
The maximum HXH.TO drawdown since its inception was -40.80%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for HXH.TO and XEG.TO.
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Drawdown Indicators
| HXH.TO | XEG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -87.51% | +46.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -14.97% | +12.45% |
Max Drawdown (3Y)Largest decline over 3 years | -10.55% | -25.67% | +15.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.48% | -28.42% | +12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -40.80% | -79.66% | +38.86% |
Current DrawdownCurrent decline from peak | -0.37% | -13.23% | +12.86% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -34.56% | +29.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 4.11% | -3.30% |
Volatility
HXH.TO vs. XEG.TO - Volatility Comparison
The current volatility for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) is 2.49%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 8.45%. This indicates that HXH.TO experiences smaller price fluctuations and is considered to be less risky than XEG.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.TO | XEG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 8.45% | -5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 19.59% | -12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.32% | 23.43% | -15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.19% | 28.65% | -16.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 33.40% | -17.37% |
HXH.TO vs. XEG.TO - Expense Ratio Comparison
HXH.TO has a 0.11% expense ratio, which is lower than XEG.TO's 0.60% expense ratio.
Dividends
HXH.TO vs. XEG.TO - Dividend Comparison
HXH.TO has not paid dividends to shareholders, while XEG.TO's dividend yield for the trailing twelve months is around 2.93%.
| 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% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.93% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
HXH.TO and XEG.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 0.60% for XEG.TO.
HXH.TO is categorized as Canada Equities, while XEG.TO is Energy Equities. HXH.TO tracks Solactive Canadian High Dividend Yield Index, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.11% for HXH.TO and 0.60% for XEG.TO.
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