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

XMW.TO vs. HBGD.TO

Last updated Jul 25, 2026
Documentation

XMW.TO (iShares MSCI Min Vol Global Index ETF) and HBGD.TO (Global X Big Data & Hardware Index ETF) are both exchange-traded funds - XMW.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, while HBGD.TO is a Technology Equities fund tracking the Solactive Big Data & Hardware Index. Both are passively managed. Over the past 5 years, XMW.TO returned 7.13%/yr vs 24.16%/yr for HBGD.TO. At a 0.12 correlation, their price movements are largely independent. XMW.TO charges 0.48%/yr vs 0.64%/yr for HBGD.TO.

Performance

XMW.TO vs. HBGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Min Vol Global Index ETF (XMW.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, XMW.TO achieves a 5.79% return, which is significantly lower than HBGD.TO's 43.70% return.

XMW.TO

1D
1.00%
1M
0.91%
6M
4.93%
YTD
5.79%
1Y
7.55%
3Y*
11.03%
5Y*
7.13%
10Y*
7.02%
ALL TIME*
10.17%

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

XMW.TO

iShares MSCI Min Vol Global Index ETF
CA$124.60KCA$121.48KCA$132.62K

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

2026 (YTD)20252024202320222021202020192018
XMW.TO
iShares MSCI Min Vol Global Index ETF		5.79%5.84%20.05%4.68%-4.33%12.80%0.51%14.74%0.50%
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 XMW.TO and HBGD.TO is 0.03, 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

0.03

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

0.08

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

0.13

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

0.12

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

Sectors
XMW.TO
HBGD.TO

Technology

25.0%
75.7%

Healthcare

13.8%

-

Financial Services

13.5%
17.9%

Communication Services

11.4%
3.1%

Consumer Defensive

9.9%

-

Industrials

8.1%

-

Utilities

7.6%

-

Consumer Cyclical

5.2%

-

Energy

3.5%

-

Basic Materials

1.5%

-

Real Estate

0.7%
3.2%

Technology

XMW.TO
25.0%
HBGD.TO
75.7%

Healthcare

XMW.TO
13.8%
HBGD.TO

-

Financial Services

XMW.TO
13.5%
HBGD.TO
17.9%

Communication Services

XMW.TO
11.4%
HBGD.TO
3.1%

Consumer Defensive

XMW.TO
9.9%
HBGD.TO

-

Industrials

XMW.TO
8.1%
HBGD.TO

-

Utilities

XMW.TO
7.6%
HBGD.TO

-

Consumer Cyclical

XMW.TO
5.2%
HBGD.TO

-

Energy

XMW.TO
3.5%
HBGD.TO

-

Basic Materials

XMW.TO
1.5%
HBGD.TO

-

Real Estate

XMW.TO
0.7%
HBGD.TO
3.2%

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 Global Index ETF

Global X Big Data & Hardware Index ETF

Often compared with XMW.TO:
XMW.TO vs. ZLB.TOXMW.TO vs. ACWVXMW.TO vs. XMV.TOXMW.TO vs. XEF.TOXMW.TO vs. XEQT.TOXMW.TO vs. VXC.TOXMW.TO vs. XDIV.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMW.TO
XMW.TO Risk / Return Rank: 3939
Overall Rank
XMW.TO Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
XMW.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
XMW.TO Omega Ratio Rank: 3838
Omega Ratio Rank
XMW.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
XMW.TO Martin Ratio Rank: 3939
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.

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

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

XMW.TOHBGD.TODifference
Sharpe ratioReturn per unit of total volatility
0.98
1.90

-0.92

Sortino ratioReturn per unit of downside risk
1.41
2.37

-0.96

Omega ratioGain probability vs. loss probability

1.18

1.30

-0.13

Calmar ratioReturn relative to maximum drawdown

1.48

3.14

-1.66

Martin ratioReturn relative to average drawdown

4.05

9.18

-5.13

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

The current XMW.TO Sharpe Ratio is 0.98, which is lower than the HBGD.TO Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of XMW.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

XMW.TO vs. HBGD.TO - Drawdown Comparison

The maximum XMW.TO drawdown since its inception was -21.42%, smaller than the maximum HBGD.TO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for XMW.TO and HBGD.TO.

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Drawdown Indicators

XMW.TOHBGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-21.42%

-99.95%

+78.53%

Max Drawdown (1Y)

Largest decline over 1 year

-5.14%

-27.30%

+22.16%

Max Drawdown (3Y)

Largest decline over 3 years

-8.59%

-38.68%

+30.09%

Max Drawdown (5Y)

Largest decline over 5 years

-14.45%

-63.43%

+48.98%

Max Drawdown (10Y)

Largest decline over 10 years

-21.42%

—

—

Current Drawdown

Current decline from peak

-1.08%

-71.01%

+69.93%

Average Drawdown

Average peak-to-trough decline

-2.72%

-86.16%

+83.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

9.33%

-7.46%

Volatility

XMW.TO vs. HBGD.TO - Volatility Comparison

The current volatility for iShares MSCI Min Vol Global Index ETF (XMW.TO) is 2.46%, while Global X Big Data & Hardware Index ETF (HBGD.TO) has a volatility of 19.63%. This indicates that XMW.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

XMW.TOHBGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.46%

19.63%

-17.17%

Volatility (6M)

Calculated over the trailing 6-month period

5.72%

37.33%

-31.61%

Volatility (1Y)

Calculated over the trailing 1-year period

7.73%

44.97%

-37.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.72%

41.13%

-32.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.04%

238,183.37%

-238,172.33%

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

XMW.TO has a 0.48% expense ratio, which is lower than HBGD.TO's 0.64% expense ratio.

Dividends

XMW.TO vs. HBGD.TO - Dividend Comparison

XMW.TO's dividend yield for the trailing twelve months is around 1.43%, 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%
XMW.TO
iShares MSCI Min Vol Global Index ETF		1.43%1.58%1.81%1.98%1.66%1.43%1.52%2.20%2.01%1.61%2.02%1.85%

Frequently Asked Questions

XMW.TO and HBGD.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMW.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMW.TO is cheaper with a 0.48% expense ratio, compared with 0.64% for HBGD.TO.

XMW.TO is categorized as Global Equities, while HBGD.TO is Technology Equities. XMW.TO tracks Morningstar Gbl GR CAD, while HBGD.TO tracks Solactive Big Data & Hardware Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.48% for XMW.TO and 0.64% for HBGD.TO.

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