TGGR.TO vs. HBGD.TO

Last updated Jul 25, 2026

TGGR.TO (TD Active Global Equity Growth ETF) and HBGD.TO (Global X Big Data & Hardware Index ETF) are both exchange-traded funds - TGGR.TO is a Global Equities fund actively managed by TD, while HBGD.TO is a Technology Equities fund tracking the Solactive Big Data & Hardware Index. TGGR.TO is actively managed, while HBGD.TO is passively managed. Over the past 5 years, TGGR.TO returned 10.67%/yr vs 24.16%/yr for HBGD.TO. At a 0.39 correlation, their price movements are largely independent. TGGR.TO charges 0.72%/yr vs 0.64%/yr for HBGD.TO.

Performance

TGGR.TO vs. HBGD.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, TGGR.TO achieves a 11.35% return, which is significantly lower than HBGD.TO's 43.70% return.

TGGR.TO

• 1D: 0.00%
• 1M: 0.27%
• 6M: 8.48%
• YTD: 11.35%
• 1Y: 20.04%
• 3Y*: 16.53%
• 5Y*: 10.67%
• 10Y*: —
• ALL TIME*: 14.73%

HBGD.TO

• 1D: -3.80%
• 1M: -18.34%
• 6M: 23.47%
• YTD: 43.70%
• 1Y: 85.21%
• 3Y*: 44.62%
• 5Y*: 24.16%
• 10Y*: —
• ALL TIME*: 184.27%

*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)
HBGD.TO Global X Big Data & Hardware Index ETF	CA$189.22K	CA$324.68K	CA$347.34K
TGGR.TO TD Active Global Equity Growth ETF	CA$66.71K	CA$57.32K	CA$77.20K

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TGGR.TO TD Active Global Equity Growth ETF	11.35%	9.22%	22.80%	25.77%	-16.26%	26.36%	16.94%
HBGD.TO Global X Big Data & Hardware Index ETF	43.70%	53.48%	15.92%	129.66%	-56.87%	59.75%	-75.81%

Correlation

The correlation between TGGR.TO and HBGD.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020	0.39

The correlation between TGGR.TO and HBGD.TO shifts across timeframes, from 0.39 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.

TGGR.TO vs. HBGD.TO - Sectors Allocation Comparison

Sectors	TGGR.TO	HBGD.TO
Technology	35.3%	75.7%
Healthcare	13.1%	-
Financial Services	13.1%	17.9%
Consumer Cyclical	10.3%	-
Communication Services	8.9%	3.1%
Industrials	8.2%	-
Consumer Defensive	4.1%	-
Energy	2.5%	-
Basic Materials	2.4%	-
Real Estate	1.6%	3.2%
Utilities	0.6%	-

Return for Risk

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

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

TGGR.TO

TGGR.TO Risk / Return Rank: 63
TGGR.TO Sharpe Ratio Rank: 66
TGGR.TO Sortino Ratio Rank: 69
TGGR.TO Omega Ratio Rank: 65
TGGR.TO Calmar Ratio Rank: 56
TGGR.TO Martin Ratio Rank: 60

HBGD.TO

HBGD.TO Risk / Return Rank: 77
HBGD.TO Sharpe Ratio Rank: 82
HBGD.TO Sortino Ratio Rank: 73
HBGD.TO Omega Ratio Rank: 72
HBGD.TO Calmar Ratio Rank: 82
HBGD.TO Martin Ratio Rank: 73

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.

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

This table presents a comparison of risk-adjusted performance metrics for TD Active Global Equity Growth ETF (TGGR.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.

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.

	TGGR.TO	HBGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.90	-0.39
Sortino ratio: Return per unit of downside risk	2.27	2.37	-0.10
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	1.98	3.14	-1.16
Martin ratio: Return relative to average drawdown	7.24	9.18	-1.94

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

The current TGGR.TO Sharpe Ratio is 1.52, which is comparable to the HBGD.TO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of TGGR.TO 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

TGGR.TO vs. HBGD.TO - Drawdown Comparison

The maximum TGGR.TO drawdown since its inception was -27.61%, smaller than the maximum HBGD.TO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for TGGR.TO and HBGD.TO.

Drawdown Indicators

	TGGR.TO	HBGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.61%	-99.95%	+72.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-27.30%	+17.12%
Max Drawdown (3Y) Largest decline over 3 years	-18.71%	-38.68%	+19.97%
Max Drawdown (5Y) Largest decline over 5 years	-27.61%	-63.43%	+35.82%
Current Drawdown Current decline from peak	-2.63%	-71.01%	+68.38%
Average Drawdown Average peak-to-trough decline	-5.71%	-86.16%	+80.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	9.33%	-6.56%

Volatility

TGGR.TO vs. HBGD.TO - Volatility Comparison

The current volatility for TD Active Global Equity Growth ETF (TGGR.TO) is 3.92%, while Global X Big Data & Hardware Index ETF (HBGD.TO) has a volatility of 19.63%. This indicates that TGGR.TO 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

	TGGR.TO	HBGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	19.63%	-15.71%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	37.33%	-26.88%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	44.97%	-31.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	41.13%	-25.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.48%	238,183.37%	-238,167.89%

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

TGGR.TO has a 0.72% expense ratio, which is higher than HBGD.TO's 0.64% expense ratio.

Dividends

TGGR.TO vs. HBGD.TO - Dividend Comparison

TGGR.TO's dividend yield for the trailing twelve months is around 0.51%, more than HBGD.TO's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HBGD.TO Global X Big Data & Hardware Index ETF	0.27%	0.39%	0.53%	0.64%	1.22%	1.65%	0.96%	13.70%	18.41%
TGGR.TO TD Active Global Equity Growth ETF	0.51%	0.56%	0.52%	0.56%	0.55%	0.32%	0.06%	0.00%	0.00%

Frequently Asked Questions

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

TGGR.TO and HBGD.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TGGR.TO or HBGD.TO?

On fees, HBGD.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TGGR.TO or HBGD.TO?

HBGD.TO is cheaper with a 0.64% expense ratio, compared with 0.72% for TGGR.TO.

What is the main difference between TGGR.TO and HBGD.TO?

TGGR.TO is categorized as Global Equities, while HBGD.TO is Technology Equities. They also come from different issuers: TD and Global X. Their fees differ too: 0.72% for TGGR.TO and 0.64% for HBGD.TO.