XHD.TO vs. HULC.TO
XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and HULC.TO (Global X US Large Cap Index Corporate Class ETF) are both Large Cap Blend Equities funds - XHD.TO tracks the Morningstar US Market TR CAD while HULC.TO tracks the Solactive US Large Cap Index (CA NTR). Both are passively managed. Over the past 5 years, XHD.TO returned 6.55%/yr vs 34.17%/yr for HULC.TO. At a 0.33 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.08%/yr for HULC.TO.
Performance
XHD.TO vs. HULC.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XHD.TO having a 11.94% return and HULC.TO slightly higher at 12.50%.
XHD.TO
- 1D
- 0.83%
- 1M
- 0.69%
- YTD
- 11.94%
- 6M
- 5.51%
- 1Y
- 11.69%
- 3Y*
- 9.73%
- 5Y*
- 6.55%
- 10Y*
- 6.22%
HULC.TO
- 1D
- -0.15%
- 1M
- 7.49%
- YTD
- 12.50%
- 6M
- 10.64%
- 1Y
- 29.64%
- 3Y*
- 24.34%
- 5Y*
- 34.17%
- 10Y*
- —
XHD.TO vs. HULC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 11.94% | 3.92% | 9.50% | -0.07% | 4.22% | 17.88% | 6.47% |
HULC.TO Global X US Large Cap Index Corporate Class ETF | 12.50% | 12.69% | 35.93% | 24.43% | -14.75% | 153.78% | 26.06% |
Correlation
The correlation between XHD.TO and HULC.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.33 |
Over the past year, the correlation between XHD.TO and HULC.TO has dropped to 0.12 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
XHD.TO vs. HULC.TO - Sectors Allocation Comparison
Sectors
XHD.TO
HULC.TO
Consumer Defensive
Energy
Healthcare
Financial Services
Utilities
Technology
Consumer Cyclical
Industrials
Basic Materials
Communication Services
Real Estate
-
Consumer Defensive
XHD.TO
HULC.TO
Energy
XHD.TO
HULC.TO
Healthcare
XHD.TO
HULC.TO
Financial Services
XHD.TO
HULC.TO
Utilities
XHD.TO
HULC.TO
Technology
XHD.TO
HULC.TO
Consumer Cyclical
XHD.TO
HULC.TO
Industrials
XHD.TO
HULC.TO
Basic Materials
XHD.TO
HULC.TO
Communication Services
XHD.TO
HULC.TO
Real Estate
XHD.TO
-
HULC.TO
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Return for Risk
XHD.TO vs. HULC.TO — Risk / Return Rank
XHD.TO
HULC.TO
XHD.TO vs. HULC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) and Global X US Large Cap Index Corporate Class ETF (HULC.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.
| XHD.TO | HULC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 3.41 | -1.61 |
| Martin ratioReturn relative to average drawdown | 5.11 | 12.23 | -7.12 |
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
| XHD.TO | HULC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.38 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.73 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.75 | -0.22 |
Drawdowns
XHD.TO vs. HULC.TO - Drawdown Comparison
The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than HULC.TO's maximum drawdown of -23.94%. Use the drawdown chart below to compare losses from any high point for XHD.TO and HULC.TO.
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Drawdown Indicators
| XHD.TO | HULC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -23.94% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -8.73% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.75% | -19.46% | +6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -23.94% | +7.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -0.15% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.68% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.43% | -0.14% |
Volatility
XHD.TO vs. HULC.TO - Volatility Comparison
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) has a higher volatility of 3.78% compared to Global X US Large Cap Index Corporate Class ETF (HULC.TO) at 3.01%. This indicates that XHD.TO's price experiences larger fluctuations and is considered to be riskier than HULC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHD.TO | HULC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.01% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 9.25% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 12.53% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 46.99% | -33.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 43.82% | -28.29% |
XHD.TO vs. HULC.TO - Expense Ratio Comparison
XHD.TO has a 0.33% expense ratio, which is higher than HULC.TO's 0.08% expense ratio.
Dividends
XHD.TO vs. HULC.TO - Dividend Comparison
XHD.TO's dividend yield for the trailing twelve months is around 2.38%, while HULC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HULC.TO Global X US Large Cap 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% | 0.00% |
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 2.38% | 2.61% | 2.99% | 3.09% | 2.69% | 2.81% | 3.44% | 2.46% | 2.81% | 2.36% | 2.48% | 3.00% |
Frequently Asked Questions
XHD.TO and HULC.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HULC.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HULC.TO is cheaper with a 0.08% expense ratio, compared with 0.33% for XHD.TO.
XHD.TO tracks Morningstar US Market TR CAD, while HULC.TO tracks Solactive US Large Cap Index (CA NTR). They also come from different issuers: iShares and Global X. Their fees differ too: 0.33% for XHD.TO and 0.08% for HULC.TO.
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