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XGI.TO vs. FHG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XGI.TO vs. FHG.TO

Last updated Jul 16, 2026
Documentation

XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) and FHG.TO (First Trust AlphaDEX U.S. Industrials Sector Index ETF) are both Industrials Equities funds - XGI.TO tracks the Morningstar Gbl GR CAD while FHG.TO tracks the StrataQuant Industrials Index. Both are passively managed. Over the past 10 years, XGI.TO returned 11.88%/yr vs 13.82%/yr for FHG.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

XGI.TO vs. FHG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XGI.TO achieves a 12.09% return, which is significantly lower than FHG.TO's 13.37% return. Over the past 10 years, XGI.TO has underperformed FHG.TO with an annualized return of 11.88%, while FHG.TO has yielded a comparatively higher 13.82% annualized return.

XGI.TO

1D
0.04%
1M
0.73%
6M
6.74%
YTD
12.09%
1Y
20.43%
3Y*
18.69%
5Y*
12.46%
10Y*
11.88%

FHG.TO

1D
0.89%
1M
-0.52%
6M
4.59%
YTD
13.37%
1Y
19.43%
3Y*
16.34%
5Y*
11.58%
10Y*
13.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XGI.TO vs. FHG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		12.09%20.93%16.18%21.83%-8.79%14.92%4.64%26.41%-11.83%20.23%
FHG.TO
First Trust AlphaDEX U.S. Industrials Sector Index ETF		13.37%2.40%26.33%23.13%-11.70%27.10%7.70%29.30%-11.05%15.22%

Correlation

The correlation between XGI.TO and FHG.TO is 0.62, 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

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Oct 30, 2014

0.30

Over the past year, XGI.TO and FHG.TO have become more correlated (0.62) than their long-term average of 0.30, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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iShares S&P Global Industrials Index ETF (CAD-Hedged)

First Trust AlphaDEX U.S. Industrials Sector Index ETF

Often compared with XGI.TO:
XGI.TO vs. CEW.TOXGI.TO vs. SPGIXGI.TO vs. CIF.TOXGI.TO vs. XUU.TOXGI.TO vs. XDIV.TOXGI.TO vs. ZDJ.TOXGI.TO vs. EQL.TO

Return for Risk

XGI.TO vs. FHG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XGI.TO
XGI.TO Risk / Return Rank: 4646
Overall Rank
XGI.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XGI.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XGI.TO Omega Ratio Rank: 4646
Omega Ratio Rank
XGI.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XGI.TO Martin Ratio Rank: 5151
Martin Ratio Rank
FHG.TO
FHG.TO Risk / Return Rank: 3535
Overall Rank
FHG.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
FHG.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
FHG.TO Omega Ratio Rank: 3434
Omega Ratio Rank
FHG.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
FHG.TO Martin Ratio Rank: 3737
Martin Ratio Rank
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.

XGI.TO vs. FHG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.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.

XGI.TOFHG.TODifference
Sharpe ratioReturn per unit of total volatility
1.31
1.01

+0.30

Sortino ratioReturn per unit of downside risk
1.95
1.69

+0.27

Omega ratioGain probability vs. loss probability

1.25

1.20

+0.05

Calmar ratioReturn relative to maximum drawdown

1.75

1.50

+0.25

Martin ratioReturn relative to average drawdown

6.87

4.69

+2.19

XGI.TO vs. FHG.TO - Sharpe Ratio Comparison

The current XGI.TO Sharpe Ratio is 1.31, which is comparable to the FHG.TO Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of XGI.TO and FHG.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.

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Drawdowns

XGI.TO vs. FHG.TO - Drawdown Comparison

The maximum XGI.TO drawdown since its inception was -42.61%, which is greater than FHG.TO's maximum drawdown of -38.86%. Use the drawdown chart below to compare losses from any high point for XGI.TO and FHG.TO.

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Drawdown Indicators

XGI.TOFHG.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.61%

-38.86%

-3.75%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-13.01%

+1.27%

Max Drawdown (3Y)

Largest decline over 3 years

-16.14%

-25.15%

+9.01%

Max Drawdown (5Y)

Largest decline over 5 years

-24.78%

-25.15%

+0.37%

Max Drawdown (10Y)

Largest decline over 10 years

-42.61%

-38.86%

-3.75%

Current Drawdown

Current decline from peak

-4.05%

-3.09%

-0.96%

Average Drawdown

Average peak-to-trough decline

-5.75%

-6.06%

+0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

4.16%

-1.18%

Volatility

XGI.TO vs. FHG.TO - Volatility Comparison

iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) have volatilities of 5.21% and 5.00%, 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.

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Volatility by Period

XGI.TOFHG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.21%

5.00%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

13.62%

14.93%

-1.31%

Volatility (1Y)

Calculated over the trailing 1-year period

15.66%

19.24%

-3.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.24%

18.90%

-1.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.99%

19.79%

+4.20%

Dividends

XGI.TO vs. FHG.TO - Dividend Comparison

XGI.TO's dividend yield for the trailing twelve months is around 1.24%, more than FHG.TO's 0.57% yield.

PositionTTM20252024202320222021202020192018201720162015
FHG.TO
First Trust AlphaDEX U.S. Industrials Sector Index ETF		0.57%0.40%1.09%0.77%1.33%0.34%1.11%0.57%1.36%0.54%0.24%0.58%
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		1.24%1.54%2.69%1.24%1.34%0.91%0.96%1.30%1.88%1.15%1.39%1.46%

Frequently Asked Questions

XGI.TO and FHG.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XGI.TO tracks Morningstar Gbl GR CAD, while FHG.TO tracks StrataQuant Industrials Index. They also come from different issuers: iShares and First Trust.

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