XIT.TO vs. HBGD.TO

Last updated Jul 25, 2026

XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and HBGD.TO (Global X Big Data & Hardware Index ETF) are both Technology Equities funds - XIT.TO tracks the S&P/TSX Capped Information Technology Index while HBGD.TO tracks the Solactive Big Data & Hardware Index. Both are passively managed. Over the past 5 years, XIT.TO returned 2.87%/yr vs 24.16%/yr for HBGD.TO. At a 0.35 correlation, their price movements are largely independent. XIT.TO charges 0.60%/yr vs 0.64%/yr for HBGD.TO.

Performance

XIT.TO vs. HBGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and Global X Big Data & Hardware Index ETF (HBGD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIT.TO achieves a -13.73% return, which is significantly lower than HBGD.TO's 43.70% return.

XIT.TO

• 1D: -0.10%
• 1M: -5.92%
• 6M: -5.28%
• YTD: -13.73%
• 1Y: -6.86%
• 3Y*: 12.98%
• 5Y*: 2.87%
• 10Y*: 16.43%
• ALL TIME*: 11.98%

HBGD.TO

• 1D: -3.80%
• 1M: -18.34%
• 6M: 23.47%
• YTD: 43.70%
• 1Y: 85.21%
• 3Y*: 44.62%
• 5Y*: 24.16%
• 10Y*: —
• ALL TIME*: 184.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HBGD.TO Global X Big Data & Hardware Index ETF	CA$189.22K	CA$324.68K	CA$347.34K
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF	CA$932.35K	CA$850.30K	CA$1.09M

XIT.TO vs. HBGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF	-13.73%	15.48%	30.02%	55.56%	-35.85%	10.74%	45.91%	60.84%	-13.94%
HBGD.TO Global X Big Data & Hardware Index ETF	43.70%	53.48%	15.92%	129.66%	-56.87%	59.75%	555.62%	323.86%	4,068.42%

Correlation

The correlation between XIT.TO and HBGD.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 21, 2018	0.35

XIT.TO vs. HBGD.TO - Sectors Allocation Comparison

Sectors	XIT.TO	HBGD.TO
Technology	99.8%	75.7%
Financial Services	0.8%	17.9%
Industrials	0.2%	-
Basic Materials	-	-
Communication Services	-	3.1%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	3.2%
Utilities	-	-

Return for Risk

XIT.TO vs. HBGD.TO — Risk / Return Rank

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

XIT.TO

XIT.TO Risk / Return Rank: 10
XIT.TO Sharpe Ratio Rank: 9
XIT.TO Sortino Ratio Rank: 10
XIT.TO Omega Ratio Rank: 10
XIT.TO Calmar Ratio Rank: 9
XIT.TO Martin Ratio Rank: 10

HBGD.TO

HBGD.TO Risk / Return Rank: 77
HBGD.TO Sharpe Ratio Rank: 82
HBGD.TO Sortino Ratio Rank: 73
HBGD.TO Omega Ratio Rank: 72
HBGD.TO Calmar Ratio Rank: 82
HBGD.TO Martin Ratio Rank: 73

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.

XIT.TO vs. HBGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and Global X Big Data & Hardware Index ETF (HBGD.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.

	XIT.TO	HBGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.90	-2.12
Sortino ratio: Return per unit of downside risk	-0.09	2.37	-2.46
Omega ratio: Gain probability vs. loss probability	0.99	1.30	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.22	3.14	-3.35
Martin ratio: Return relative to average drawdown	-0.40	9.18	-9.58

XIT.TO vs. HBGD.TO - Sharpe Ratio Comparison

The current XIT.TO Sharpe Ratio is -0.22, which is lower than the HBGD.TO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of XIT.TO and HBGD.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

XIT.TO vs. HBGD.TO - Drawdown Comparison

The maximum XIT.TO drawdown since its inception was -56.92%, smaller than the maximum HBGD.TO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for XIT.TO and HBGD.TO.

Drawdown Indicators

	XIT.TO	HBGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-56.92%	-99.95%	+43.03%
Max Drawdown (1Y) Largest decline over 1 year	-31.93%	-27.30%	-4.63%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-38.68%	+6.75%
Max Drawdown (5Y) Largest decline over 5 years	-54.15%	-63.43%	+9.28%
Max Drawdown (10Y) Largest decline over 10 years	-54.15%	—	—
Current Drawdown Current decline from peak	-22.99%	-71.01%	+48.02%
Average Drawdown Average peak-to-trough decline	-17.01%	-86.16%	+69.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.17%	9.33%	+7.84%

Volatility

XIT.TO vs. HBGD.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) is 5.47%, while Global X Big Data & Hardware Index ETF (HBGD.TO) has a volatility of 19.63%. This indicates that XIT.TO experiences smaller price fluctuations and is considered to be less risky than HBGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIT.TO	HBGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	19.63%	-14.16%
Volatility (6M) Calculated over the trailing 6-month period	24.09%	37.33%	-13.24%
Volatility (1Y) Calculated over the trailing 1-year period	31.75%	44.97%	-13.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.47%	41.13%	-11.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.59%	238,183.37%	-238,154.78%

XIT.TO vs. HBGD.TO - Expense Ratio Comparison

XIT.TO has a 0.60% expense ratio, which is lower than HBGD.TO's 0.64% expense ratio.

Dividends

XIT.TO vs. HBGD.TO - Dividend Comparison

XIT.TO has not paid dividends to shareholders, while HBGD.TO's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HBGD.TO Global X Big Data & Hardware Index ETF	0.27%	0.39%	0.53%	0.64%	1.22%	1.65%	0.96%	13.70%	18.41%	0.00%	0.00%	0.00%
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.34%	0.00%	0.15%	0.18%	0.10%

Frequently Asked Questions

Can I hold both XIT.TO and HBGD.TO in my portfolio?

XIT.TO and HBGD.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIT.TO or HBGD.TO?

On fees, XIT.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XIT.TO or HBGD.TO?

XIT.TO is cheaper with a 0.60% expense ratio, compared with 0.64% for HBGD.TO.

What is the main difference between XIT.TO and HBGD.TO?

XIT.TO tracks S&P/TSX Capped Information Technology Index, while HBGD.TO tracks Solactive Big Data & Hardware Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.60% for XIT.TO and 0.64% for HBGD.TO.