DMEC.TO vs. HXCN.TO
Compare and contrast key facts about Desjardins Canadian Equity Index ETF (DMEC.TO) and Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO).
DMEC.TO and HXCN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DMEC.TO is a passively managed fund by Desjardins that tracks the performance of the Solactive Canada Broad Market Index (CA NTR). It was launched on Apr 15, 2024. HXCN.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on Feb 5, 2020. Both DMEC.TO and HXCN.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DMEC.TO vs. HXCN.TO - Performance Comparison
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DMEC.TO vs. HXCN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DMEC.TO Desjardins Canadian Equity Index ETF | 4.30% | 31.87% | 16.56% |
HXCN.TO Global X S&P/TSX Capped Composite Index Corporate Class ETF | 4.55% | 31.20% | 16.62% |
Returns By Period
In the year-to-date period, DMEC.TO achieves a 4.30% return, which is significantly lower than HXCN.TO's 4.55% return.
DMEC.TO
- 1D
- 0.54%
- 1M
- -4.55%
- YTD
- 4.30%
- 6M
- 10.52%
- 1Y
- 34.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HXCN.TO
- 1D
- 0.74%
- 1M
- -4.24%
- YTD
- 4.55%
- 6M
- 10.60%
- 1Y
- 34.72%
- 3Y*
- 21.31%
- 5Y*
- 14.86%
- 10Y*
- —
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DMEC.TO vs. HXCN.TO - Expense Ratio Comparison
Both DMEC.TO and HXCN.TO have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
DMEC.TO vs. HXCN.TO — Risk / Return Rank
DMEC.TO
HXCN.TO
DMEC.TO vs. HXCN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Equity Index ETF (DMEC.TO) and Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.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.
| DMEC.TO | HXCN.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.31 | 2.23 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.93 | 2.85 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.44 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.13 | +0.24 |
Martin ratioReturn relative to average drawdown | 14.77 | 14.51 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DMEC.TO | HXCN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.23 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.10 | 0.78 | +1.33 |
Correlation
The correlation between DMEC.TO and HXCN.TO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DMEC.TO vs. HXCN.TO - Dividend Comparison
DMEC.TO's dividend yield for the trailing twelve months is around 2.03%, while HXCN.TO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
DMEC.TO Desjardins Canadian Equity Index ETF | 2.03% | 1.78% | 1.39% |
HXCN.TO Global X S&P/TSX Capped Composite Index Corporate Class ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
DMEC.TO vs. HXCN.TO - Drawdown Comparison
The maximum DMEC.TO drawdown since its inception was -12.15%, smaller than the maximum HXCN.TO drawdown of -37.09%. Use the drawdown chart below to compare losses from any high point for DMEC.TO and HXCN.TO.
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Drawdown Indicators
| DMEC.TO | HXCN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -37.09% | +24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -11.36% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.27% | — |
Current DrawdownCurrent decline from peak | -4.55% | -4.24% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -4.18% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.45% | -0.05% |
Volatility
DMEC.TO vs. HXCN.TO - Volatility Comparison
Desjardins Canadian Equity Index ETF (DMEC.TO) has a higher volatility of 5.82% compared to Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) at 5.16%. This indicates that DMEC.TO's price experiences larger fluctuations and is considered to be riskier than HXCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMEC.TO | HXCN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 5.16% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 10.69% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 15.62% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 13.63% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 17.95% | -4.88% |