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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Global X Europe 50 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.
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Different Benchmark Currency
HXX.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.
Returns By Period
Global X Europe 50 Index Corporate Class ETF (HXX.TO) has returned -2.56% so far this year and 13.23% over the past 12 months.
Global X Europe 50 Index Corporate Class ETF
- 1D
- 3.65%
- 1M
- -7.63%
- YTD
- -2.56%
- 6M
- 0.36%
- 1Y
- 13.23%
- 3Y*
- 14.99%
- 5Y*
- 11.63%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.80%
- 1M
- -3.22%
- YTD
- -3.34%
- 6M
- -2.48%
- 1Y
- 12.46%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
Monthly Returns
Based on dividend-adjusted daily data since Dec 12, 2016, HXX.TO's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, your investment would double in approximately 6.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +17.9%, while the worst month was Mar 2020 at -12.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HXX.TO closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 12, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.47% | 2.94% | -7.63% | -2.56% | |||||||||
| 2025 | 9.34% | 3.27% | -0.09% | -0.63% | 4.81% | 1.58% | -1.17% | 2.44% | 5.34% | 1.12% | 0.55% | 1.30% | 31.10% |
| 2024 | 1.62% | 6.46% | 4.02% | -2.48% | 3.26% | -2.98% | 2.12% | 1.17% | 1.93% | -3.09% | -2.43% | 1.52% | 11.15% |
| 2023 | 10.58% | 1.85% | 3.28% | 3.48% | -5.00% | 4.47% | 1.74% | -1.60% | -6.47% | 0.15% | 8.74% | 2.24% | 24.55% |
| 2022 | -4.00% | -7.84% | -2.37% | -5.23% | 3.17% | -9.38% | 4.51% | -4.23% | -4.74% | 9.74% | 15.35% | -2.27% | -9.72% |
| 2021 | -3.43% | 4.02% | 3.45% | 1.54% | 3.33% | -0.34% | 1.63% | 2.78% | -4.73% | 3.02% | -3.23% | 5.77% | 14.01% |
Benchmark Metrics
Global X Europe 50 Index Corporate Class ETF has an annualized alpha of 3.64%, beta of 0.71, and R² of 0.39 versus S&P 500 Index. Calculated based on daily prices since December 13, 2016.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.21%) than losses (81.44%) — typical of diversified or defensive assets.
- R² of 0.39 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.64%
- Beta
- 0.71
- R²
- 0.39
- Upside Capture
- 84.21%
- Downside Capture
- 81.44%
Expense Ratio
HXX.TO has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
HXX.TO ranks 34 for risk / return — below 34% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Europe 50 Index Corporate Class ETF (HXX.TO) and compare them to a chosen benchmark (S&P 500 Index).
| HXX.TO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.69 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.06 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.14 | -0.25 |
Martin ratioReturn relative to average drawdown | 3.19 | 4.22 | -1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore HXX.TO risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
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 Europe 50 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 Europe 50 Index Corporate Class ETF was 33.23%, occurring on Mar 16, 2020. Recovery took 170 trading sessions.
The current Global X Europe 50 Index Corporate Class ETF drawdown is 8.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.23% | Feb 10, 2020 | 25 | Mar 16, 2020 | 170 | Nov 17, 2020 | 195 |
| -28.91% | Sep 8, 2021 | 265 | Sep 27, 2022 | 87 | Feb 1, 2023 | 352 |
| -18.02% | Jan 24, 2018 | 232 | Dec 24, 2018 | 214 | Nov 1, 2019 | 446 |
| -16.5% | Mar 19, 2025 | 15 | Apr 8, 2025 | 28 | May 20, 2025 | 43 |
| -13.34% | Feb 27, 2026 | 16 | Mar 20, 2026 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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