RING.TO vs. HBNK.TO
RING.TO (Global X Equal Weight Canadian Telecommunications Index ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - RING.TO is a Communications Equities fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. RING.TO is actively managed, while HBNK.TO is passively managed. Over the past year, RING.TO returned -8.67% vs 75.14% for HBNK.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
RING.TO vs. HBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RING.TO achieves a -8.72% return, which is significantly lower than HBNK.TO's 36.76% return.
RING.TO
- 1D
- 1.56%
- 1M
- -10.93%
- 6M
- -9.56%
- YTD
- -8.72%
- 1Y
- -8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBNK.TO
- 1D
- 1.46%
- 1M
- 9.13%
- 6M
- 35.31%
- YTD
- 36.76%
- 1Y
- 75.14%
- 3Y*
- 37.95%
- 5Y*
- —
- 10Y*
- —
RING.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RING.TO Global X Equal Weight Canadian Telecommunications Index ETF | -8.72% | 10.75% | -9.24% |
HBNK.TO Global X Equal Weight Banks Index ETF | 36.76% | 43.71% | 2.32% |
Correlation
The correlation between RING.TO and HBNK.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.05 |
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Return for Risk
RING.TO vs. HBNK.TO — Risk / Return Rank
RING.TO
HBNK.TO
RING.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Telecommunications Index ETF (RING.TO) and Global X Equal Weight Banks Index ETF (HBNK.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.
| RING.TO | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.24 | ||
| Sortino ratioReturn per unit of downside risk | -8.09 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 2.00 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 8.91 | -9.41 |
| Martin ratioReturn relative to average drawdown | -1.42 | 38.63 | -40.05 |
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Drawdowns
RING.TO vs. HBNK.TO - Drawdown Comparison
The maximum RING.TO drawdown since its inception was -20.62%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for RING.TO and HBNK.TO.
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Drawdown Indicators
| RING.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -14.78% | -5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -8.48% | -9.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.78% | — |
Current DrawdownCurrent decline from peak | -14.76% | 0.00% | -14.76% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -2.24% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 1.95% | +4.18% |
Volatility
RING.TO vs. HBNK.TO - Volatility Comparison
Global X Equal Weight Canadian Telecommunications Index ETF (RING.TO) has a higher volatility of 6.61% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 4.00%. This indicates that RING.TO's price experiences larger fluctuations and is considered to be riskier than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RING.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 4.00% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 11.63% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 13.39% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 12.77% | +3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 12.77% | +3.93% |
Dividends
RING.TO vs. HBNK.TO - Dividend Comparison
RING.TO's dividend yield for the trailing twelve months is around 6.41%, more than HBNK.TO's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 2.47% | 3.24% | 4.15% | 2.45% |
RING.TO Global X Equal Weight Canadian Telecommunications Index ETF | 6.41% | 6.32% | 1.25% | 0.00% |
Frequently Asked Questions
RING.TO and HBNK.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING.TO is categorized as Communications Equities, while HBNK.TO is Financials Equities.
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