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DLR-U.TO vs. HXS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DLR-U.TO vs. HXS.TO

Last updated Jul 16, 2026
Documentation

DLR-U.TO (Global X U.S. Dollar Currency ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - DLR-U.TO is a Currency fund actively managed by Global X, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. DLR-U.TO is actively managed, while HXS.TO is passively managed. Over the past 5 years, DLR-U.TO returned 2.72%/yr vs 12.85%/yr for HXS.TO. At a correlation of -0.01, they often move in opposite directions.

Performance

DLR-U.TO vs. HXS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Dollar Currency ETF (DLR-U.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DLR-U.TO is traded in USD, while HXS.TO is traded in CAD. To make them comparable, the HXS.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DLR-U.TO achieves a 1.24% return, which is significantly lower than HXS.TO's 10.51% return.

DLR-U.TO

1D
0.00%
1M
0.33%
6M
1.24%
YTD
1.24%
1Y
2.75%
3Y*
3.55%
5Y*
2.72%
10Y*
1.55%

HXS.TO

1D
0.80%
1M
-0.03%
6M
9.27%
YTD
10.51%
1Y
21.74%
3Y*
19.50%
5Y*
12.85%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DLR-U.TO vs. HXS.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
DLR-U.TO
Global X U.S. Dollar Currency ETF		1.24%3.23%4.12%3.96%1.19%-0.30%-0.20%1.14%
HXS.TO
Global X S&P 500 Index Corporate Class ETF		10.51%17.29%24.45%26.23%-17.92%27.36%18.59%16.82%

Correlation

The correlation between DLR-U.TO and HXS.TO is -0.06, 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

-0.06

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

-0.02

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

0.01

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2019

-0.01

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X U.S. Dollar Currency ETF

Global X S&P 500 Index Corporate Class ETF

Often compared with HXS.TO:
HXS.TO vs. VFV.TOHXS.TO vs. HXQ.TOHXS.TO vs. ZSP.TOHXS.TO vs. VOOHXS.TO vs. XUS.TOHXS.TO vs. SPYHXS.TO vs. TEC.TO

Return for Risk

DLR-U.TO vs. HXS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DLR-U.TO
DLR-U.TO Risk / Return Rank: 9696
Overall Rank
DLR-U.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DLR-U.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
DLR-U.TO Omega Ratio Rank: 9595
Omega Ratio Rank
DLR-U.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
DLR-U.TO Martin Ratio Rank: 9898
Martin Ratio Rank
HXS.TO
HXS.TO Risk / Return Rank: 7575
Overall Rank
HXS.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
HXS.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
HXS.TO Omega Ratio Rank: 7878
Omega Ratio Rank
HXS.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
HXS.TO Martin Ratio Rank: 7272
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.

DLR-U.TO vs. HXS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Dollar Currency ETF (DLR-U.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.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.

DLR-U.TOHXS.TODifference
Sharpe ratioReturn per unit of total volatility
2.55
1.63

+0.92

Sortino ratioReturn per unit of downside risk
4.09
2.26

+1.83

Omega ratioGain probability vs. loss probability

1.62

1.29

+0.33

Calmar ratioReturn relative to maximum drawdown

15.59

2.38

+13.21

Martin ratioReturn relative to average drawdown

46.28

9.90

+36.38

DLR-U.TO vs. HXS.TO - Sharpe Ratio Comparison

The current DLR-U.TO Sharpe Ratio is 2.55, which is higher than the HXS.TO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of DLR-U.TO and HXS.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

DLR-U.TO vs. HXS.TO - Drawdown Comparison

The maximum DLR-U.TO drawdown since its inception was -3.81%, smaller than the maximum HXS.TO drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for DLR-U.TO and HXS.TO.

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Drawdown Indicators

DLR-U.TOHXS.TODifference

Max Drawdown

Largest peak-to-trough decline

-3.81%

-33.50%

+29.69%

Max Drawdown (1Y)

Largest decline over 1 year

-0.18%

-9.16%

+8.98%

Max Drawdown (3Y)

Largest decline over 3 years

-0.18%

-18.82%

+18.64%

Max Drawdown (5Y)

Largest decline over 5 years

-0.30%

-24.57%

+24.27%

Max Drawdown (10Y)

Largest decline over 10 years

-0.89%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.71%

+0.71%

Average Drawdown

Average peak-to-trough decline

-1.79%

-5.09%

+3.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.06%

2.20%

-2.14%

Volatility

DLR-U.TO vs. HXS.TO - Volatility Comparison

The current volatility for Global X U.S. Dollar Currency ETF (DLR-U.TO) is 0.22%, while Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a volatility of 3.44%. This indicates that DLR-U.TO experiences smaller price fluctuations and is considered to be less risky than HXS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DLR-U.TOHXS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.22%

3.44%

-3.22%

Volatility (6M)

Calculated over the trailing 6-month period

0.70%

10.32%

-9.62%

Volatility (1Y)

Calculated over the trailing 1-year period

1.09%

13.41%

-12.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.00%

16.33%

-15.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.03%

18.63%

-17.60%

Dividends

DLR-U.TO vs. HXS.TO - Dividend Comparison

DLR-U.TO's dividend yield for the trailing twelve months is around 3.73%, while HXS.TO has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
DLR-U.TO
Global X U.S. Dollar Currency ETF		3.73%3.30%3.36%4.94%0.00%0.00%0.00%0.74%
HXS.TO
Global X S&P 500 Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DLR-U.TO and HXS.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DLR-U.TO is categorized as Currency, while HXS.TO is S&P 500.

Portfolio Optimizer

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