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XMI.TO vs. HBGD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMI.TO vs. HBGD.TO

Last updated Jul 25, 2026
Documentation

XMI.TO (iShares MSCI Min Vol EAFE Index ETF) and HBGD.TO (Global X Big Data & Hardware Index ETF) are both exchange-traded funds - XMI.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Minimum Volatility Index, while HBGD.TO is a Technology Equities fund tracking the Solactive Big Data & Hardware Index. Both are passively managed. Over the past 5 years, XMI.TO returned 8.34%/yr vs 24.16%/yr for HBGD.TO. At a 0.17 correlation, their price movements are largely independent. XMI.TO charges 0.40%/yr vs 0.64%/yr for HBGD.TO.

Performance

XMI.TO vs. HBGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol EAFE Index ETF (XMI.TO) and Global X Big Data & Hardware Index ETF (HBGD.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, XMI.TO achieves a 9.90% return, which is significantly lower than HBGD.TO's 43.70% return.

XMI.TO

1D
1.23%
1M
3.55%
6M
7.91%
YTD
9.90%
1Y
14.17%
3Y*
15.24%
5Y*
8.34%
10Y*
6.30%
ALL TIME*
9.10%

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HBGD.TO

Global X Big Data & Hardware Index ETF
CA$189.22KCA$324.68KCA$347.34K

XMI.TO

iShares MSCI Min Vol EAFE Index ETF
CA$47.75KCA$79.69KCA$218.68K

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

2026 (YTD)20252024202320222021202020192018
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		9.90%19.69%13.51%9.32%-10.50%7.01%-2.02%9.84%-3.42%
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 XMI.TO and HBGD.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.07

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

0.15

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

0.18

Correlation (All Time)
Calculated using the full available price history since Jun 21, 2018

0.17

The correlation between XMI.TO and HBGD.TO shifts across timeframes, from 0.07 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
XMI.TO
HBGD.TO

Financial Services

19.4%
17.9%

Industrials

14.4%

-

Consumer Defensive

12.1%

-

Healthcare

11.6%

-

Communication Services

8.9%
3.1%

Utilities

8.3%

-

Energy

7.1%

-

Consumer Cyclical

5.0%

-

Technology

4.3%
75.7%

Real Estate

2.9%
3.2%

Basic Materials

1.4%

-

Financial Services

XMI.TO
19.4%
HBGD.TO
17.9%

Industrials

XMI.TO
14.4%
HBGD.TO

-

Consumer Defensive

XMI.TO
12.1%
HBGD.TO

-

Healthcare

XMI.TO
11.6%
HBGD.TO

-

Communication Services

XMI.TO
8.9%
HBGD.TO
3.1%

Utilities

XMI.TO
8.3%
HBGD.TO

-

Energy

XMI.TO
7.1%
HBGD.TO

-

Consumer Cyclical

XMI.TO
5.0%
HBGD.TO

-

Technology

XMI.TO
4.3%
HBGD.TO
75.7%

Real Estate

XMI.TO
2.9%
HBGD.TO
3.2%

Basic Materials

XMI.TO
1.4%
HBGD.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Min Vol EAFE Index ETF

Global X Big Data & Hardware Index ETF

Often compared with XMI.TO:
XMI.TO vs. XMV.TOXMI.TO vs. ZLB.TOXMI.TO vs. XMU.TOXMI.TO vs. EFAVXMI.TO vs. XEF.TOXMI.TO vs. XMW.TOXMI.TO vs. XUU.TO
Often compared with HBGD.TO:
HBGD.TO vs. MTRX.TOHBGD.TO vs. CHPS-U.TOHBGD.TO vs. CHPS.TOHBGD.TO vs. SMHHBGD.TO vs. JPGL.LHBGD.TO vs. QYLDHBGD.TO vs. VMO.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMI.TO
XMI.TO Risk / Return Rank: 6060
Overall Rank
XMI.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
XMI.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XMI.TO Omega Ratio Rank: 6060
Omega Ratio Rank
XMI.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
XMI.TO Martin Ratio Rank: 5757
Martin Ratio Rank
HBGD.TO
HBGD.TO Risk / Return Rank: 7777
Overall Rank
HBGD.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HBGD.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
HBGD.TO Omega Ratio Rank: 7272
Omega Ratio Rank
HBGD.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
HBGD.TO Martin Ratio Rank: 7373
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol EAFE Index ETF (XMI.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.

XMI.TOHBGD.TODifference
Sharpe ratioReturn per unit of total volatility
1.37
1.90

-0.53

Sortino ratioReturn per unit of downside risk
1.95
2.37

-0.42

Omega ratioGain probability vs. loss probability

1.26

1.30

-0.05

Calmar ratioReturn relative to maximum drawdown

2.33

3.14

-0.81

Martin ratioReturn relative to average drawdown

6.63

9.18

-2.54

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

The current XMI.TO Sharpe Ratio is 1.37, which is comparable to the HBGD.TO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of XMI.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.

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Drawdowns

XMI.TO vs. HBGD.TO - Drawdown Comparison

The maximum XMI.TO drawdown since its inception was -23.08%, smaller than the maximum HBGD.TO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for XMI.TO and HBGD.TO.

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Drawdown Indicators

XMI.TOHBGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.08%

-99.95%

+76.87%

Max Drawdown (1Y)

Largest decline over 1 year

-6.12%

-27.30%

+21.18%

Max Drawdown (3Y)

Largest decline over 3 years

-7.97%

-38.68%

+30.71%

Max Drawdown (5Y)

Largest decline over 5 years

-21.18%

-63.43%

+42.25%

Max Drawdown (10Y)

Largest decline over 10 years

-23.08%

—

—

Current Drawdown

Current decline from peak

0.00%

-71.01%

+71.01%

Average Drawdown

Average peak-to-trough decline

-4.02%

-86.16%

+82.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

9.33%

-7.19%

Volatility

XMI.TO vs. HBGD.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol EAFE Index ETF (XMI.TO) is 2.80%, while Global X Big Data & Hardware Index ETF (HBGD.TO) has a volatility of 19.63%. This indicates that XMI.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.

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Volatility by Period

XMI.TOHBGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.80%

19.63%

-16.83%

Volatility (6M)

Calculated over the trailing 6-month period

8.27%

37.33%

-29.06%

Volatility (1Y)

Calculated over the trailing 1-year period

10.37%

44.97%

-34.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.92%

41.13%

-31.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.36%

238,183.37%

-238,172.01%

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

XMI.TO has a 0.40% expense ratio, which is lower than HBGD.TO's 0.64% expense ratio.

Dividends

XMI.TO vs. HBGD.TO - Dividend Comparison

XMI.TO's dividend yield for the trailing twelve months is around 2.60%, more than HBGD.TO's 0.27% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XMI.TO
iShares MSCI Min Vol EAFE Index ETF		2.60%2.69%2.64%2.56%1.98%1.93%1.16%3.74%2.93%2.07%3.29%2.02%

Frequently Asked Questions

XMI.TO and HBGD.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMI.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMI.TO is cheaper with a 0.40% expense ratio, compared with 0.64% for HBGD.TO.

XMI.TO is categorized as Foreign Large Cap Equities, while HBGD.TO is Technology Equities. XMI.TO tracks MSCI EAFE Minimum Volatility Index, while HBGD.TO tracks Solactive Big Data & Hardware Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for XMI.TO and 0.64% for HBGD.TO.

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