THE.TO vs. HXDM.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD International Equity CAD Hedged Index ETF (THE.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO).

THE.TO and HXDM.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THE.TO is a passively managed fund by TD that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index. It was launched on Mar 22, 2016. HXDM.TO is a passively managed fund by Global X that tracks the performance of the Global X EAFE Futures Roll Index (Total Return). It was launched on Sep 26, 2017. Both THE.TO and HXDM.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

THE.TO vs. HXDM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD International Equity CAD Hedged Index ETF (THE.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.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THE.TO TD International Equity CAD Hedged Index ETF	2.09%	21.73%	12.21%	18.48%	-6.72%	21.04%	1.71%	20.59%	-7.76%	4.64%
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF	2.29%	24.06%	11.07%	15.09%	-8.78%	10.16%	4.59%	15.19%	-7.21%	5.87%

Returns By Period

In the year-to-date period, THE.TO achieves a 2.09% return, which is significantly lower than HXDM.TO's 2.29% return.

THE.TO

• 1D: 2.43%
• 1M: -6.25%
• YTD: 2.09%
• 6M: 8.04%
• 1Y: 19.25%
• 3Y*: 15.00%
• 5Y*: 11.72%
• 10Y*: 10.79%

HXDM.TO

• 1D: 3.24%
• 1M: -6.15%
• YTD: 2.29%
• 6M: 5.18%
• 1Y: 17.67%
• 3Y*: 14.27%
• 5Y*: 9.58%
• 10Y*: —

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

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

HXDM.TO

Global X Intl Developed Markets Equity Index Corporate Class ETF

Return for Risk

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

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

THE.TO

THE.TO Risk / Return Rank: 66
THE.TO Sharpe Ratio Rank: 65
THE.TO Sortino Ratio Rank: 69
THE.TO Omega Ratio Rank: 70
THE.TO Calmar Ratio Rank: 60
THE.TO Martin Ratio Rank: 67

HXDM.TO

HXDM.TO Risk / Return Rank: 57
HXDM.TO Sharpe Ratio Rank: 58
HXDM.TO Sortino Ratio Rank: 56
HXDM.TO Omega Ratio Rank: 56
HXDM.TO Calmar Ratio Rank: 57
HXDM.TO Martin Ratio Rank: 56

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.

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

This table presents a comparison of risk-adjusted performance metrics for TD International Equity CAD Hedged Index ETF (THE.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.

	THE.TO	HXDM.TO	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.04	+0.12
Sortino ratio Return per unit of downside risk	1.75	1.48	+0.27
Omega ratio Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio Return relative to maximum drawdown	1.55	1.47	+0.08
Martin ratio Return relative to average drawdown	6.91	5.58	+1.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current THE.TO Sharpe Ratio is 1.16, which is comparable to the HXDM.TO Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of THE.TO and HXDM.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THE.TO	HXDM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.04	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.70	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.54	+0.15

Correlation

The correlation between THE.TO and HXDM.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

THE.TO vs. HXDM.TO - Dividend Comparison

THE.TO's dividend yield for the trailing twelve months is around 2.55%, while HXDM.TO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
THE.TO TD International Equity CAD Hedged Index ETF	2.55%	2.57%	2.73%	2.64%	3.46%	5.61%	2.47%	2.53%	3.48%	2.27%	2.10%
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%

Drawdowns

THE.TO vs. HXDM.TO - Drawdown Comparison

The maximum THE.TO drawdown since its inception was -32.08%, which is greater than HXDM.TO's maximum drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for THE.TO and HXDM.TO.

Drawdown Indicators

	THE.TO	HXDM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.08%	-28.43%	-3.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-11.68%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-15.55%	-23.87%	+8.32%
Max Drawdown (10Y) Largest decline over 10 years	-32.08%	—	—
Current Drawdown Current decline from peak	-6.51%	-6.80%	+0.29%
Average Drawdown Average peak-to-trough decline	-3.62%	-4.78%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	3.09%	-0.37%

Volatility

THE.TO vs. HXDM.TO - Volatility Comparison

The current volatility for TD International Equity CAD Hedged Index ETF (THE.TO) is 6.11%, while Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) has a volatility of 7.89%. This indicates that THE.TO experiences smaller price fluctuations and is considered to be less risky than HXDM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THE.TO	HXDM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	7.89%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	11.20%	-1.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.61%	17.06%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.04%	13.82%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	15.34%	-0.30%