WSRD.TO vs. HXDM.TO

Last updated Jul 16, 2026

WSRD.TO (Wealthsimple Developed Markets ex North America Socially Responsible Index ETF) and HXDM.TO (Global X Intl Developed Markets Equity Index Corporate Class ETF) are both International Equity funds. WSRD.TO is actively managed, while HXDM.TO is passively managed. Over the past 5 years, WSRD.TO returned 3.97%/yr vs 10.82%/yr for HXDM.TO. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

WSRD.TO vs. HXDM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.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, WSRD.TO achieves a 2.80% return, which is significantly lower than HXDM.TO's 12.68% return.

WSRD.TO

• 1D: 0.29%
• 1M: 0.78%
• 6M: 0.32%
• YTD: 2.80%
• 1Y: 9.08%
• 3Y*: 11.38%
• 5Y*: 3.97%
• 10Y*: —

HXDM.TO

• 1D: 0.32%
• 1M: 0.52%
• 6M: 7.52%
• YTD: 12.68%
• 1Y: 24.37%
• 3Y*: 16.98%
• 5Y*: 10.82%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF	2.80%	18.84%	9.39%	14.01%	-20.37%	8.79%	18.09%
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF	12.68%	24.06%	11.07%	15.09%	-8.78%	10.16%	11.21%

Correlation

The correlation between WSRD.TO and HXDM.TO is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 17, 2020	0.77

The correlation between WSRD.TO and HXDM.TO has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

Return for Risk

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

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

WSRD.TO

WSRD.TO Risk / Return Rank: 21
WSRD.TO Sharpe Ratio Rank: 22
WSRD.TO Sortino Ratio Rank: 21
WSRD.TO Omega Ratio Rank: 20
WSRD.TO Calmar Ratio Rank: 21
WSRD.TO Martin Ratio Rank: 23

HXDM.TO

HXDM.TO Risk / Return Rank: 56
HXDM.TO Sharpe Ratio Rank: 57
HXDM.TO Sortino Ratio Rank: 57
HXDM.TO Omega Ratio Rank: 58
HXDM.TO Calmar Ratio Rank: 52
HXDM.TO Martin Ratio Rank: 58

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.

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

This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.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.

	WSRD.TO	HXDM.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.57	-0.93
Sortino ratio: Return per unit of downside risk	1.01	2.23	-1.22
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.17
Calmar ratio: Return relative to maximum drawdown	0.80	2.15	-1.35
Martin ratio: Return relative to average drawdown	2.37	8.14	-5.78

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

The current WSRD.TO Sharpe Ratio is 0.64, which is lower than the HXDM.TO Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of WSRD.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

WSRD.TO vs. HXDM.TO - Drawdown Comparison

The maximum WSRD.TO drawdown since its inception was -34.80%, 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 WSRD.TO and HXDM.TO.

Drawdown Indicators

	WSRD.TO	HXDM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-28.43%	-6.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-11.40%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-12.76%	-14.65%	+1.89%
Max Drawdown (5Y) Largest decline over 5 years	-34.80%	-23.87%	-10.93%
Current Drawdown Current decline from peak	-2.20%	-2.34%	+0.14%
Average Drawdown Average peak-to-trough decline	-9.47%	-4.78%	-4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	3.00%	+0.84%

Volatility

WSRD.TO vs. HXDM.TO - Volatility Comparison

Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) and Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) have volatilities of 4.02% and 3.99%, 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

	WSRD.TO	HXDM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.99%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	13.45%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	15.64%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	14.25%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	15.43%	-1.11%

Dividends

WSRD.TO vs. HXDM.TO - Dividend Comparison

WSRD.TO's dividend yield for the trailing twelve months is around 2.49%, while HXDM.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF	2.49%	2.28%	2.58%	2.31%	2.18%	1.20%	0.41%

Frequently Asked Questions

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

WSRD.TO and HXDM.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

They also come from different issuers: Wealthsimple and Global X.