QIF.NEO vs. FHG.TO
QIF.NEO (AGF Systematic Global Infrastructure ETF) and FHG.TO (First Trust AlphaDEX U.S. Industrials Sector Index ETF) are both Industrials Equities funds. QIF.NEO is actively managed, while FHG.TO is passively managed. Over the past 5 years, QIF.NEO returned 11.27%/yr vs 11.58%/yr for FHG.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
QIF.NEO vs. FHG.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QIF.NEO having a 13.73% return and FHG.TO slightly lower at 13.37%.
QIF.NEO
- 1D
- -0.49%
- 1M
- -0.40%
- 6M
- 10.78%
- YTD
- 13.73%
- 1Y
- 22.63%
- 3Y*
- 17.37%
- 5Y*
- 11.27%
- 10Y*
- —
FHG.TO
- 1D
- 0.89%
- 1M
- -0.52%
- 6M
- 4.59%
- YTD
- 13.37%
- 1Y
- 19.43%
- 3Y*
- 16.34%
- 5Y*
- 11.58%
- 10Y*
- 13.82%
QIF.NEO vs. FHG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QIF.NEO AGF Systematic Global Infrastructure ETF | 13.73% | 14.80% | 21.37% | 4.72% | -2.67% | 20.54% | -8.96% | 20.89% | 5.27% |
FHG.TO First Trust AlphaDEX U.S. Industrials Sector Index ETF | 13.37% | 2.40% | 26.33% | 23.13% | -11.70% | 27.10% | 7.70% | 29.30% | -7.46% |
Correlation
The correlation between QIF.NEO and FHG.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2018 | 0.24 |
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Return for Risk
QIF.NEO vs. FHG.TO — Risk / Return Rank
QIF.NEO
FHG.TO
QIF.NEO vs. FHG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF Systematic Global Infrastructure ETF (QIF.NEO) and First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.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.
| QIF.NEO | FHG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.20 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 1.50 | +3.39 |
| Martin ratioReturn relative to average drawdown | 13.28 | 4.69 | +8.60 |
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Drawdowns
QIF.NEO vs. FHG.TO - Drawdown Comparison
The maximum QIF.NEO drawdown since its inception was -30.71%, smaller than the maximum FHG.TO drawdown of -38.86%. Use the drawdown chart below to compare losses from any high point for QIF.NEO and FHG.TO.
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Drawdown Indicators
| QIF.NEO | FHG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -38.86% | +8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -13.01% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.29% | -25.15% | +14.86% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -25.15% | +9.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.86% | — |
Current DrawdownCurrent decline from peak | -2.34% | -3.09% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -6.06% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 4.16% | -2.45% |
Volatility
QIF.NEO vs. FHG.TO - Volatility Comparison
The current volatility for AGF Systematic Global Infrastructure ETF (QIF.NEO) is 2.29%, while First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) has a volatility of 5.00%. This indicates that QIF.NEO experiences smaller price fluctuations and is considered to be less risky than FHG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIF.NEO | FHG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 5.00% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 14.93% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 19.24% | -9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 18.90% | -7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 19.79% | -5.01% |
Dividends
QIF.NEO vs. FHG.TO - Dividend Comparison
QIF.NEO's dividend yield for the trailing twelve months is around 5.14%, more than FHG.TO's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHG.TO First Trust AlphaDEX U.S. Industrials Sector Index ETF | 0.57% | 0.40% | 1.09% | 0.77% | 1.33% | 0.34% | 1.11% | 0.57% | 1.36% | 0.54% | 0.24% | 0.58% |
QIF.NEO AGF Systematic Global Infrastructure ETF | 5.14% | 5.32% | 4.60% | 3.61% | 3.22% | 3.05% | 3.12% | 3.16% | 2.24% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QIF.NEO and FHG.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: AGF and First Trust.
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