PID.TO vs. HXDM.TO

Last updated Jul 25, 2026

PID.TO (Purpose International Dividend Fund) and HXDM.TO (Global X Intl Developed Markets Equity Index Corporate Class ETF) are both Foreign Large Cap Equities funds. PID.TO is actively managed, while HXDM.TO is passively managed. Over the past 5 years, PID.TO returned 14.46%/yr vs 10.43%/yr for HXDM.TO. A 0.73 correlation means they provide meaningful diversification when combined. PID.TO charges 0.65%/yr vs 0.20%/yr for HXDM.TO.

Performance

PID.TO vs. HXDM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose International Dividend Fund (PID.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PID.TO achieves a 14.90% return, which is significantly higher than HXDM.TO's 11.88% return.

PID.TO

• 1D: 0.77%
• 1M: 2.96%
• 6M: 12.68%
• YTD: 14.90%
• 1Y: 28.81%
• 3Y*: 21.82%
• 5Y*: 14.46%
• 10Y*: 10.45%
• ALL TIME*: 9.12%

HXDM.TO

• 1D: 0.63%
• 1M: -0.05%
• 6M: 7.72%
• YTD: 11.88%
• 1Y: 20.39%
• 3Y*: 16.83%
• 5Y*: 10.43%
• 10Y*: —
• ALL TIME*: 8.22%

*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)
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF	CA$1.59M	CA$1.72M	CA$1.71M
PID.TO Purpose International Dividend Fund	CA$137.95K	CA$141.14K	CA$191.06K

PID.TO vs. HXDM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PID.TO Purpose International Dividend Fund	14.90%	33.43%	13.85%	15.75%	-2.67%	7.76%	-3.24%	14.04%	-0.74%
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF	11.88%	24.06%	11.07%	15.09%	-8.78%	10.16%	4.59%	15.19%	-8.61%

Correlation

The correlation between PID.TO and HXDM.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 9, 2018	0.73

The correlation between PID.TO and HXDM.TO shifts across timeframes, from 0.73 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PID.TO vs. HXDM.TO — Risk / Return Rank

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

PID.TO

PID.TO Risk / Return Rank: 81
PID.TO Sharpe Ratio Rank: 86
PID.TO Sortino Ratio Rank: 85
PID.TO Omega Ratio Rank: 85
PID.TO Calmar Ratio Rank: 72
PID.TO Martin Ratio Rank: 78

HXDM.TO

HXDM.TO Risk / Return Rank: 55
HXDM.TO Sharpe Ratio Rank: 56
HXDM.TO Sortino Ratio Rank: 54
HXDM.TO Omega Ratio Rank: 55
HXDM.TO Calmar Ratio Rank: 51
HXDM.TO Martin Ratio Rank: 57

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.

PID.TO vs. HXDM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose International Dividend Fund (PID.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.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.

	PID.TO	HXDM.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.31	+0.71
Sortino ratio: Return per unit of downside risk	2.80	1.89	+0.91
Omega ratio: Gain probability vs. loss probability	1.37	1.24	+0.13
Calmar ratio: Return relative to maximum drawdown	2.61	1.80	+0.81
Martin ratio: Return relative to average drawdown	10.08	6.71	+3.36

PID.TO vs. HXDM.TO - Sharpe Ratio Comparison

The current PID.TO Sharpe Ratio is 2.02, which is higher than the HXDM.TO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of PID.TO and HXDM.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

PID.TO vs. HXDM.TO - Drawdown Comparison

The maximum PID.TO drawdown since its inception was -27.27%, roughly equal to the maximum HXDM.TO drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for PID.TO and HXDM.TO.

Drawdown Indicators

	PID.TO	HXDM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.27%	-28.43%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.09%	-11.40%	+0.31%
Max Drawdown (3Y) Largest decline over 3 years	-12.35%	-14.65%	+2.30%
Max Drawdown (5Y) Largest decline over 5 years	-20.07%	-23.87%	+3.80%
Max Drawdown (10Y) Largest decline over 10 years	-27.27%	—	—
Current Drawdown Current decline from peak	-0.90%	-3.04%	+2.14%
Average Drawdown Average peak-to-trough decline	-4.12%	-4.77%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	3.04%	-0.17%

Volatility

PID.TO vs. HXDM.TO - Volatility Comparison

Purpose International Dividend Fund (PID.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) have volatilities of 3.82% and 3.92%, 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

	PID.TO	HXDM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	3.92%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	13.39%	-1.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.33%	15.64%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	14.27%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.79%	15.43%	-1.64%

PID.TO vs. HXDM.TO - Expense Ratio Comparison

PID.TO has a 0.65% expense ratio, which is higher than HXDM.TO's 0.20% expense ratio.

Dividends

PID.TO vs. HXDM.TO - Dividend Comparison

PID.TO's dividend yield for the trailing twelve months is around 2.75%, while HXDM.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HXDM.TO Global X Intl Developed Markets Equity 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%
PID.TO Purpose International Dividend Fund	2.75%	3.12%	4.02%	4.39%	4.86%	4.50%	4.64%	4.28%	4.67%	3.53%	3.49%	2.10%

Frequently Asked Questions

Can I hold both PID.TO and HXDM.TO in my portfolio?

PID.TO and HXDM.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PID.TO or HXDM.TO?

On fees, HXDM.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PID.TO or HXDM.TO?

HXDM.TO is cheaper with a 0.20% expense ratio, compared with 0.65% for PID.TO.

What is the main difference between PID.TO and HXDM.TO?

They also come from different issuers: Purpose Investments Inc. and Global X. Their fees differ too: 0.65% for PID.TO and 0.20% for HXDM.TO.