Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Global X S&P/TSX Capped Energy Index Corporate Class ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) has returned 41.53% so far this year and 59.53% over the past 12 months. Over the last decade, HXE.TO has posted an annualized return of 13.21%, slightly higher than the S&P 500 Index benchmark’s 12.91%.

Based on dividend-adjusted daily data since Oct 17, 2013, HXE.TO's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, your investment would double in approximately 5.7 years.

Historically, 55% of months were positive and 45% were negative. The best month was Nov 2020 with a return of +36.2%, while the worst month was Mar 2020 at -46.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HXE.TO closed higher 44% of trading days. The best single day was Nov 9, 2020 with a return of +15.7%, while the worst single day was Mar 9, 2020 at -27.5%.

Global X S&P/TSX Capped Energy Index Corporate Class ETF has an annualized alpha of 3.28%, beta of 0.58, and R² of 0.08 versus S&P 500 Index. Calculated based on daily prices since October 18, 2013.

• This ETF participated in 63.26% of S&P 500 Index downside but only 47.23% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.58 may look defensive, but with R² of 0.08 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.08 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HXE.TO has an expense ratio of 0.27%, which is considered low.

HXE.TO ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) and compare them to a chosen benchmark (S&P 500 Index).

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.

The table below displays the maximum drawdowns of the Global X S&P/TSX Capped Energy 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/TSX Capped Energy Index Corporate Class ETF was 85.92%, occurring on Mar 18, 2020. Recovery took 551 trading sessions.

The current Global X S&P/TSX Capped Energy Index Corporate Class ETF drawdown is 1.02%.

The chart below shows the rolling one-month volatility.