MIX.TO vs. GBAL.TO
MIX.TO (Hamilton Enhanced Mixed Asset ETF) and GBAL.TO (iShares ESG Balanced ETF Portfolio) are both Diversified Portfolio funds. MIX.TO is passively managed, while GBAL.TO is actively managed. Over the past year, MIX.TO returned 28.31% vs 17.91% for GBAL.TO. A 0.69 correlation means they provide meaningful diversification when combined. MIX.TO charges 0.00%/yr vs 0.25%/yr for GBAL.TO.
Performance
MIX.TO vs. GBAL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIX.TO achieves a 8.17% return, which is significantly lower than GBAL.TO's 9.21% return.
MIX.TO
- 1D
- -0.70%
- 1M
- 3.91%
- YTD
- 8.17%
- 6M
- 7.84%
- 1Y
- 28.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBAL.TO
- 1D
- -0.24%
- 1M
- 5.86%
- YTD
- 9.21%
- 6M
- 7.46%
- 1Y
- 17.91%
- 3Y*
- 15.59%
- 5Y*
- 9.01%
- 10Y*
- —
MIX.TO vs. GBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MIX.TO Hamilton Enhanced Mixed Asset ETF | 8.17% | 25.24% |
GBAL.TO iShares ESG Balanced ETF Portfolio | 9.21% | 13.91% |
Correlation
The correlation between MIX.TO and GBAL.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.69 |
The correlation between MIX.TO and GBAL.TO has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIX.TO vs. GBAL.TO — Risk / Return Rank
MIX.TO
GBAL.TO
MIX.TO vs. GBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Mixed Asset ETF (MIX.TO) and iShares ESG Balanced ETF Portfolio (GBAL.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.
| MIX.TO | GBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.81 | -0.15 |
| Martin ratioReturn relative to average drawdown | 11.08 | 11.18 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MIX.TO | GBAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.91 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.53 | 1.03 | +1.50 |
Drawdowns
MIX.TO vs. GBAL.TO - Drawdown Comparison
The maximum MIX.TO drawdown since its inception was -10.71%, smaller than the maximum GBAL.TO drawdown of -18.92%. Use the drawdown chart below to compare losses from any high point for MIX.TO and GBAL.TO.
Loading charts...
Drawdown Indicators
| MIX.TO | GBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.71% | -18.92% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -6.40% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.92% | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.24% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -4.30% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.61% | +0.95% |
Volatility
MIX.TO vs. GBAL.TO - Volatility Comparison
Hamilton Enhanced Mixed Asset ETF (MIX.TO) has a higher volatility of 4.07% compared to iShares ESG Balanced ETF Portfolio (GBAL.TO) at 3.20%. This indicates that MIX.TO's price experiences larger fluctuations and is considered to be riskier than GBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIX.TO | GBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.20% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 7.87% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 9.42% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 9.70% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 9.54% | +3.09% |
MIX.TO vs. GBAL.TO - Expense Ratio Comparison
MIX.TO has a 0.00% expense ratio, which is lower than GBAL.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MIX.TO vs. GBAL.TO - Dividend Comparison
MIX.TO's dividend yield for the trailing twelve months is around 1.57%, less than GBAL.TO's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GBAL.TO iShares ESG Balanced ETF Portfolio | 1.71% | 1.83% | 1.84% | 2.40% | 1.87% | 1.43% | 0.96% |
MIX.TO Hamilton Enhanced Mixed Asset ETF | 1.57% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MIX.TO and GBAL.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIX.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIX.TO is cheaper with a 0.00% expense ratio, compared with 0.25% for GBAL.TO.
They also come from different issuers: Hamilton and iShares. Their fees differ too: 0.00% for MIX.TO and 0.25% for GBAL.TO.
Find the right allocation for MIX.TO and GBAL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer