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

XML.TO vs. HBGD.TO

Last updated Jun 4, 2026

XML.TO (iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)) and HBGD.TO (Global X Big Data & Hardware Index ETF) are both Global Equities funds. Over the past 5 years, XML.TO returned 9.34%/yr vs 61.94%/yr for HBGD.TO. At a 0.20 correlation, their price movements are largely independent. XML.TO charges 0.40%/yr vs 0.64%/yr for HBGD.TO.

Performance

XML.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 (CAD-Hedged) (XML.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, XML.TO achieves a 3.89% return, which is significantly lower than HBGD.TO's 82.51% return.

XML.TO

1D
-0.12%
1M
-0.91%
YTD
3.89%
6M
5.30%
1Y
9.71%
3Y*
13.01%
5Y*
9.34%
10Y*
7.35%

HBGD.TO

1D
-1.98%
1M
29.31%
YTD
82.51%
6M
82.99%
1Y
184.36%
3Y*
67.20%
5Y*
61.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)		3.89%17.56%14.13%11.69%-6.94%13.27%-5.87%16.26%-3.79%
HBGD.TO
Global X Big Data & Hardware Index ETF		82.51%53.48%15.92%129.66%-56.87%375.98%117.21%41.31%-100.00%

Correlation

The correlation between XML.TO and HBGD.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.15

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

0.21

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2018

0.20

The correlation between XML.TO and HBGD.TO shifts across timeframes, from 0.11 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
XML.TO
HBGD.TO

Financial Services

19.9%
24.9%

Industrials

15.1%

-

Healthcare

12.4%

-

Consumer Defensive

11.5%

-

Communication Services

9.7%
2.0%

Utilities

9.1%

-

Energy

8.2%

-

Consumer Cyclical

5.2%

-

Technology

4.5%
68.7%

Real Estate

2.9%
4.4%

Basic Materials

1.6%

-

Financial Services

XML.TO
19.9%
HBGD.TO
24.9%

Industrials

XML.TO
15.1%
HBGD.TO

-

Healthcare

XML.TO
12.4%
HBGD.TO

-

Consumer Defensive

XML.TO
11.5%
HBGD.TO

-

Communication Services

XML.TO
9.7%
HBGD.TO
2.0%

Utilities

XML.TO
9.1%
HBGD.TO

-

Energy

XML.TO
8.2%
HBGD.TO

-

Consumer Cyclical

XML.TO
5.2%
HBGD.TO

-

Technology

XML.TO
4.5%
HBGD.TO
68.7%

Real Estate

XML.TO
2.9%
HBGD.TO
4.4%

Basic Materials

XML.TO
1.6%
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 (CAD-Hedged)

Global X Big Data & Hardware Index ETF

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XML.TO vs. XIN.TOXML.TO vs. XMI.TOXML.TO vs. XMU.TOXML.TO vs. HXQ.TOXML.TO vs. XSP.TOXML.TO vs. XEQT.TOXML.TO vs. XMW.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. IQM

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XML.TO
XML.TO Risk / Return Rank: 3535
Overall Rank
XML.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
XML.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
XML.TO Omega Ratio Rank: 3535
Omega Ratio Rank
XML.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
XML.TO Martin Ratio Rank: 3636
Martin Ratio Rank
HBGD.TO
HBGD.TO Risk / Return Rank: 9494
Overall Rank
HBGD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HBGD.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
HBGD.TO Omega Ratio Rank: 9292
Omega Ratio Rank
HBGD.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
HBGD.TO Martin Ratio Rank: 9393
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.

XML.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 (CAD-Hedged) (XML.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.

XML.TOHBGD.TODifference
Sharpe ratioReturn per unit of total volatility
1.15
4.84

-3.69

Sortino ratioReturn per unit of downside risk
1.63
4.92

-3.29

Omega ratioGain probability vs. loss probability

1.23

1.62

-0.39

Calmar ratioReturn relative to maximum drawdown

2.00

8.40

-6.40

Martin ratioReturn relative to average drawdown

5.42

25.05

-19.63

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XML.TO Sharpe Ratio is 1.15, which is lower than the HBGD.TO Sharpe Ratio of 4.84. The chart below compares the historical Sharpe Ratios of XML.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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Sharpe Ratios by Period

XML.TOHBGD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.15

4.84

-3.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.65

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

-0.74

+1.35

Drawdowns

XML.TO vs. HBGD.TO - Drawdown Comparison

The maximum XML.TO drawdown since its inception was -28.62%, smaller than the maximum HBGD.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for XML.TO and HBGD.TO.

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Drawdown Indicators

XML.TOHBGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.62%

-100.00%

+71.38%

Max Drawdown (1Y)

Largest decline over 1 year

-4.88%

-22.09%

+17.21%

Max Drawdown (3Y)

Largest decline over 3 years

-7.46%

-38.68%

+31.22%

Max Drawdown (5Y)

Largest decline over 5 years

-12.34%

-63.43%

+51.09%

Max Drawdown (10Y)

Largest decline over 10 years

-28.62%

—

—

Current Drawdown

Current decline from peak

-4.26%

-99.97%

+95.71%

Average Drawdown

Average peak-to-trough decline

-3.41%

-99.99%

+96.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

7.39%

-5.59%

Volatility

XML.TO vs. HBGD.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) (XML.TO) is 2.60%, while Global X Big Data & Hardware Index ETF (HBGD.TO) has a volatility of 13.31%. This indicates that XML.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

XML.TOHBGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.60%

13.31%

-10.71%

Volatility (6M)

Calculated over the trailing 6-month period

6.48%

28.67%

-22.19%

Volatility (1Y)

Calculated over the trailing 1-year period

8.50%

38.34%

-29.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

96.54%

-86.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.09%

87.39%

-75.30%

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

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

Dividends

XML.TO vs. HBGD.TO - Dividend Comparison

XML.TO's dividend yield for the trailing twelve months is around 2.66%, more than HBGD.TO's 0.21% yield.

PositionTTM2025202420232022202120202019201820172016
HBGD.TO
Global X Big Data & Hardware Index ETF		0.21%0.39%0.53%0.64%1.22%0.83%0.32%1.52%0.68%0.00%0.00%
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)		2.66%2.76%2.67%2.56%2.02%1.92%1.11%3.62%2.77%1.92%3.34%

Frequently Asked Questions

XML.TO and HBGD.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for XML.TO and 0.64% for HBGD.TO.

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