MTRX vs. HBGD.TO

Last updated Jun 23, 2026

MTRX (Matrix Service Company) is a stock, while HBGD.TO (Global X Big Data & Hardware Index ETF) is Global Equities fund managed by Global X. Over the past 5 years, MTRX returned 6.23%/yr vs 27.54%/yr for HBGD.TO. At a 0.21 correlation, their price movements are largely independent.

Performance

MTRX vs. HBGD.TO - Performance Comparison

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

Different Trading Currencies

MTRX is traded in USD, while HBGD.TO is traded in CAD. To make them comparable, the HBGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MTRX achieves a 19.23% return, which is significantly lower than HBGD.TO's 85.47% return.

MTRX

• 1D: -0.21%
• 1M: 9.58%
• YTD: 19.23%
• 6M: 17.92%
• 1Y: 9.67%
• 3Y*: 35.88%
• 5Y*: 6.23%
• 10Y*: -1.22%

HBGD.TO

• 1D: 1.30%
• 1M: 13.30%
• YTD: 85.47%
• 6M: 86.35%
• 1Y: 177.31%
• 3Y*: 63.41%
• 5Y*: 27.54%
• 10Y*: —

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

MTRX vs. HBGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MTRX Matrix Service Company	19.23%	-2.26%	22.39%	57.23%	-17.29%	-31.76%	-51.84%	27.54%	-3.55%
HBGD.TO Global X Big Data & Hardware Index ETF	85.47%	60.82%	6.87%	135.26%	-59.44%	59.83%	571.56%	342.08%	3,968.57%

Correlation

The correlation between MTRX and HBGD.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 21, 2018	0.21

The correlation between MTRX and HBGD.TO shifts across timeframes, from 0.21 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MTRX vs. HBGD.TO — Risk / Return Rank

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

MTRX

MTRX Risk / Return Rank: 48
MTRX Sharpe Ratio Rank: 50
MTRX Sortino Ratio Rank: 45
MTRX Omega Ratio Rank: 48
MTRX Calmar Ratio Rank: 49
MTRX Martin Ratio Rank: 48

HBGD.TO

HBGD.TO Risk / Return Rank: 95
HBGD.TO Sharpe Ratio Rank: 97
HBGD.TO Sortino Ratio Rank: 94
HBGD.TO Omega Ratio Rank: 92
HBGD.TO Calmar Ratio Rank: 96
HBGD.TO Martin Ratio Rank: 94

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 vs. HBGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matrix Service Company (MTRX) 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.

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.

	MTRX	HBGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.20	4.32	-4.11
Sortino ratio: Return per unit of downside risk	0.55	4.31	-3.76
Omega ratio: Gain probability vs. loss probability	1.09	1.56	-0.47
Calmar ratio: Return relative to maximum drawdown	0.27	7.88	-7.61
Martin ratio: Return relative to average drawdown	0.49	23.01	-22.52

MTRX vs. HBGD.TO - Sharpe Ratio Comparison

The current MTRX Sharpe Ratio is 0.20, which is lower than the HBGD.TO Sharpe Ratio of 4.32. The chart below compares the historical Sharpe Ratios of MTRX and HBGD.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

MTRX vs. HBGD.TO - Drawdown Comparison

The maximum MTRX drawdown since its inception was -90.70%, smaller than the maximum HBGD.TO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for MTRX and HBGD.TO.

Drawdown Indicators

	MTRX	HBGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-90.70%	-99.95%	+9.25%
Max Drawdown (1Y) Largest decline over 1 year	-36.03%	-22.64%	-13.39%
Max Drawdown (3Y) Largest decline over 3 years	-36.03%	-39.62%	+3.59%
Max Drawdown (5Y) Largest decline over 5 years	-70.02%	-66.03%	-3.99%
Max Drawdown (10Y) Largest decline over 10 years	-86.56%	—	—
Current Drawdown Current decline from peak	-62.51%	-63.00%	+0.49%
Average Drawdown Average peak-to-trough decline	-59.99%	-86.34%	+26.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.91%	7.74%	+12.17%

Volatility

MTRX vs. HBGD.TO - Volatility Comparison

The current volatility for Matrix Service Company (MTRX) is 11.05%, while Global X Big Data & Hardware Index ETF (HBGD.TO) has a volatility of 15.96%. This indicates that MTRX experiences smaller price fluctuations and is considered to be less risky than HBGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTRX	HBGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	15.96%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	33.76%	31.90%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	47.72%	41.40%	+6.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.02%	41.64%	+12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.32%	242,962.08%	-242,906.76%

Dividends

MTRX vs. HBGD.TO - Dividend Comparison

MTRX has not paid dividends to shareholders, while HBGD.TO's dividend yield for the trailing twelve months is around 0.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HBGD.TO Global X Big Data & Hardware Index ETF	0.20%	0.39%	0.53%	0.64%	1.22%	1.65%	0.96%	13.70%	18.40%
MTRX Matrix Service Company	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MTRX and HBGD.TO in my portfolio?

MTRX and HBGD.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.