XESG.TO vs. HXH.TO
XESG.TO (iShares ESG Aware MSCI Canada Index ETF) and HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) are both Canada Equities funds - XESG.TO tracks the Morningstar Canada GR CAD while HXH.TO tracks the Solactive Canadian High Dividend Yield Index. Both are passively managed. Over the past 5 years, XESG.TO returned 12.42%/yr vs 16.07%/yr for HXH.TO. A 0.59 correlation means they provide meaningful diversification when combined. XESG.TO charges 0.16%/yr vs 0.11%/yr for HXH.TO.
Performance
XESG.TO vs. HXH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XESG.TO achieves a 10.34% return, which is significantly lower than HXH.TO's 20.31% return.
XESG.TO
- 1D
- -0.94%
- 1M
- 3.12%
- YTD
- 10.34%
- 6M
- 9.25%
- 1Y
- 29.31%
- 3Y*
- 20.90%
- 5Y*
- 12.42%
- 10Y*
- —
HXH.TO
- 1D
- 0.07%
- 1M
- 3.71%
- YTD
- 20.31%
- 6M
- 22.05%
- 1Y
- 40.82%
- 3Y*
- 21.85%
- 5Y*
- 16.07%
- 10Y*
- 11.74%
XESG.TO vs. HXH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 10.34% | 26.25% | 20.05% | 10.13% | -7.77% | 22.91% | 4.80% | 15.28% |
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF | 20.31% | 25.86% | 15.24% | 6.33% | 5.00% | 34.51% | -7.66% | 6.76% |
Correlation
The correlation between XESG.TO and HXH.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2019 | 0.59 |
Over the past year, the correlation between XESG.TO and HXH.TO has dropped to 0.34 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
XESG.TO vs. HXH.TO - Sectors Allocation Comparison
Sectors
XESG.TO
HXH.TO
Financial Services
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Energy
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Basic Materials
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Industrials
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Technology
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Utilities
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Consumer Cyclical
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Consumer Defensive
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Real Estate
Communication Services
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Healthcare
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Financial Services
XESG.TO
HXH.TO
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Energy
XESG.TO
HXH.TO
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Basic Materials
XESG.TO
HXH.TO
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Industrials
XESG.TO
HXH.TO
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Technology
XESG.TO
HXH.TO
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Utilities
XESG.TO
HXH.TO
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Consumer Cyclical
XESG.TO
HXH.TO
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Consumer Defensive
XESG.TO
HXH.TO
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Real Estate
XESG.TO
HXH.TO
Communication Services
XESG.TO
HXH.TO
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Healthcare
XESG.TO
HXH.TO
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Return for Risk
XESG.TO vs. HXH.TO — Risk / Return Rank
XESG.TO
HXH.TO
XESG.TO vs. HXH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and Global X Canadian High Dividend Index Corporate Class ETF (HXH.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.
| XESG.TO | HXH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 2.08 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 16.25 | -13.08 |
| Martin ratioReturn relative to average drawdown | 14.11 | 50.77 | -36.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XESG.TO | HXH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 4.99 | -2.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.33 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.76 | +0.06 |
Drawdowns
XESG.TO vs. HXH.TO - Drawdown Comparison
The maximum XESG.TO drawdown since its inception was -37.36%, smaller than the maximum HXH.TO drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for XESG.TO and HXH.TO.
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Drawdown Indicators
| XESG.TO | HXH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.36% | -40.80% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -2.52% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.18% | -10.55% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -15.88% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.80% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.73% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -4.86% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 0.81% | +1.27% |
Volatility
XESG.TO vs. HXH.TO - Volatility Comparison
iShares ESG Aware MSCI Canada Index ETF (XESG.TO) has a higher volatility of 3.37% compared to Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) at 3.02%. This indicates that XESG.TO's price experiences larger fluctuations and is considered to be riskier than HXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XESG.TO | HXH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.02% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 6.79% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 8.23% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 12.18% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 16.05% | +0.78% |
XESG.TO vs. HXH.TO - Expense Ratio Comparison
XESG.TO has a 0.16% expense ratio, which is higher than HXH.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XESG.TO vs. HXH.TO - Dividend Comparison
XESG.TO's dividend yield for the trailing twelve months is around 1.96%, while HXH.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 1.96% | 2.13% | 2.45% | 2.74% | 2.63% | 1.88% | 2.15% | 1.05% |
Frequently Asked Questions
XESG.TO and HXH.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.16% for XESG.TO.
XESG.TO tracks Morningstar Canada GR CAD, while HXH.TO tracks Solactive Canadian High Dividend Yield Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.16% for XESG.TO and 0.11% for HXH.TO.
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