MTRX.TO vs. HBGD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and Global X Big Data & Hardware Index ETF (HBGD.TO).

MTRX.TO and HBGD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTRX.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset AI Infrastructure CAD Index. It was launched on Feb 20, 2025. HBGD.TO is managed by Global X.

Performance

MTRX.TO vs. HBGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and Global X Big Data & Hardware Index ETF (HBGD.TO). The values are adjusted to include any dividend payments, if applicable.

MTRX.TO vs. HBGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	12.31%	37.29%
HBGD.TO Global X Big Data & Hardware Index ETF	-0.49%	43.31%

Returns By Period

In the year-to-date period, MTRX.TO achieves a 12.31% return, which is significantly higher than HBGD.TO's -0.49% return.

MTRX.TO

• 1D: 4.95%
• 1M: -7.80%
• YTD: 12.31%
• 6M: 16.39%
• 1Y: 76.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBGD.TO

• 1D: 1.84%
• 1M: -11.13%
• YTD: -0.49%
• 6M: 5.49%
• 1Y: 84.40%
• 3Y*: 43.43%
• 5Y*: 38.80%
• 10Y*: —

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

MTRX.TO vs. HBGD.TO - Expense Ratio Comparison

MTRX.TO has a 0.49% expense ratio, which is lower than HBGD.TO's 0.64% expense ratio.

HBGD.TO

Global X Big Data & Hardware Index ETF

MTRX.TO

Global X Artificial Intelligence Infrastructure Index ETF

Return for Risk

MTRX.TO vs. HBGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTRX.TO

MTRX.TO Risk / Return Rank: 96
MTRX.TO Sharpe Ratio Rank: 96
MTRX.TO Sortino Ratio Rank: 96
MTRX.TO Omega Ratio Rank: 95
MTRX.TO Calmar Ratio Rank: 96
MTRX.TO Martin Ratio Rank: 95

HBGD.TO

HBGD.TO Risk / Return Rank: 90
HBGD.TO Sharpe Ratio Rank: 92
HBGD.TO Sortino Ratio Rank: 91
HBGD.TO Omega Ratio Rank: 85
HBGD.TO Calmar Ratio Rank: 94
HBGD.TO Martin Ratio Rank: 87

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.

MTRX.TO vs. HBGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and Global X Big Data & Hardware Index ETF (HBGD.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.

	MTRX.TO	HBGD.TO	Difference
Sharpe ratio Return per unit of total volatility	2.54	2.12	+0.42
Sortino ratio Return per unit of downside risk	3.44	2.69	+0.74
Omega ratio Gain probability vs. loss probability	1.48	1.34	+0.13
Calmar ratio Return relative to maximum drawdown	4.37	3.68	+0.69
Martin ratio Return relative to average drawdown	14.98	10.78	+4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTRX.TO vs. HBGD.TO - Sharpe Ratio Comparison

The current MTRX.TO Sharpe Ratio is 2.54, which is comparable to the HBGD.TO Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of MTRX.TO and HBGD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MTRX.TO	HBGD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.12	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	-0.77	+2.30

Correlation

The correlation between MTRX.TO and HBGD.TO is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MTRX.TO vs. HBGD.TO - Dividend Comparison

MTRX.TO's dividend yield for the trailing twelve months is around 0.03%, less than HBGD.TO's 0.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HBGD.TO Global X Big Data & Hardware Index ETF	0.39%	0.39%	0.53%	0.64%	1.22%	0.83%	0.32%	1.52%	0.68%

Drawdowns

MTRX.TO vs. HBGD.TO - Drawdown Comparison

The maximum MTRX.TO drawdown since its inception was -19.75%, smaller than the maximum HBGD.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for MTRX.TO and HBGD.TO.

Drawdown Indicators

	MTRX.TO	HBGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-19.75%	-100.00%	+80.25%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-22.09%	+7.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.43%	—
Current Drawdown Current decline from peak	-9.93%	-99.98%	+90.05%
Average Drawdown Average peak-to-trough decline	-4.35%	-99.99%	+95.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	7.54%	-3.23%

Volatility

MTRX.TO vs. HBGD.TO - Volatility Comparison

Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and Global X Big Data & Hardware Index ETF (HBGD.TO) have volatilities of 13.44% and 13.09%, 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

	MTRX.TO	HBGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	13.09%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	22.35%	29.05%	-6.70%
Volatility (1Y) Calculated over the trailing 1-year period	31.32%	40.10%	-8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	96.43%	-64.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.59%	88.08%	-56.49%