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Issuer
Global X
Inception Date
Sep 19, 2016
Category
S&P 500
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Accumulating
Asset Class
Equity

Share Price Chart


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Performance

HSH.TO Performance Chart

Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH.TO) is up 9.6% since the beginning of the year. HSH.TO is currently trading at CA$91 per share. Investors who bought CA$1,000 worth of HSH.TO shares 5 years ago would now be looking at an investment worth CA$1,740.


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S&P 500 Index

Returns By Period

Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH.TO) has returned 9.63% so far this year and 19.57% over the past 12 months.


Global X S&P 500 CAD Hedged Index Corporate Class ETF

1D
0.10%
1M
0.05%
6M
8.63%
YTD
9.63%
1Y
19.57%
3Y*
18.33%
5Y*
11.71%
10Y*

Benchmark (S&P 500 Index)

1D
-0.31%
1M
0.87%
6M
10.62%
YTD
13.50%
1Y
24.35%
3Y*
21.67%
5Y*
14.33%
10Y*
14.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HSH.TO Monthly Returns History

Based on dividend-adjusted daily data since Feb 21, 2019, HSH.TO's average daily return is +0.07%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +13.3%, while the worst month was Mar 2020 at -11.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HSH.TO closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -10.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.86%-0.90%-5.03%10.44%5.10%-1.24%0.75%9.63%
20252.48%-1.94%-6.66%-0.34%7.22%4.72%2.19%1.61%3.12%2.93%-0.33%0.05%15.34%
20242.37%4.18%2.69%-2.96%3.29%4.43%0.67%2.66%1.71%-0.25%5.46%-2.72%23.32%
20236.15%-1.96%3.05%1.76%0.61%6.09%3.22%-1.41%-4.95%-2.30%8.58%5.05%25.56%
2022-5.51%-3.47%4.42%-8.56%-0.18%-7.99%8.15%-3.99%-9.34%7.84%4.92%-6.00%-19.90%
2021-0.44%3.64%3.82%4.83%0.53%2.39%2.30%2.96%-3.83%5.78%-0.36%4.48%28.94%

Benchmark Metrics

Global X S&P 500 CAD Hedged Index Corporate Class ETF has an annualized alpha of 2.58%, beta of 0.80, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since February 21, 2019.

  • This ETF participated in 108.09% of S&P 500 Index downside but only 106.21% of its upside - more exposed to losses than it benefited from rallies.
  • This ETF generated an annualized alpha of 2.58% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha
2.58%
Beta
0.80
0.70
Upside Capture
106.21%
Downside Capture
108.09%

Return for Risk

Risk / Return Rank

HSH.TO ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


HSH.TO Risk / Return Rank: 5555
Overall Rank
HSH.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
HSH.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
HSH.TO Omega Ratio Rank: 5353
Omega Ratio Rank
HSH.TO Calmar Ratio Rank: 4949
Calmar Ratio Rank
HSH.TO Martin Ratio Rank: 6262
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH.TO) and compare them to S&P 500 Index.

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.


HSH.TOBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.36

Sortino ratioReturn per unit of downside risk

-0.46

Omega ratioGain probability vs. loss probability

1.27

1.33

-0.06

Calmar ratioReturn relative to maximum drawdown

2.06

2.67

-0.61

Martin ratioReturn relative to average drawdown

8.81

9.87

-1.06

Dividends

Dividend History


Global X S&P 500 CAD Hedged Index Corporate Class ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Global X S&P 500 CAD Hedged Index Corporate Class ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X S&P 500 CAD Hedged Index Corporate Class ETF was 34.19%, occurring on Mar 23, 2020. Recovery took 101 trading sessions.

The current Global X S&P 500 CAD Hedged Index Corporate Class ETF drawdown is 0.80%.


Drawdown

Fall

Recovery

Underwater

Related event

-34.19%Mar 2020
1mo 2d5mo 4d
6mo 6dFeb 2020 - Aug 2020
COVID crash2020
-25.26%Oct 2022
9mo 12d1y 2mo
1y 11moJan 2022 - Dec 2023
Bear market2022
-20.04%Apr 2025
1mo 17d2mo 20d
4mo 7dFeb 2025 - Jun 2025
2025 selloff2025
-9.56%Mar 2026
2mo 16d16d
3mo 2dJan 2026 - Apr 2026
-9.41%Oct 2020
1mo 27d10d
2mo 7dSep 2020 - Nov 2020

Drawdown Indicators


HSH.TOBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-34.19%

-48.87%

+14.68%

Max Drawdown (1Y)

Largest decline over 1 year

-9.56%

-9.17%

-0.39%

Max Drawdown (3Y)

Largest decline over 3 years

-20.04%

-19.59%

-0.45%

Max Drawdown (5Y)

Largest decline over 5 years

-25.26%

-23.14%

-2.12%

Max Drawdown (10Y)

Largest decline over 10 years

-27.97%

Current Drawdown

Current decline from peak

-0.80%

-0.82%

+0.02%

Average Drawdown

Average peak-to-trough decline

-5.44%

-9.63%

+4.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.23%

2.47%

-0.24%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with HSH.TO

Add Global X S&P 500 CAD Hedged Index Corporate Class ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with HSH.TO