PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EFX.TO vs. HXE.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EFX.TO vs. HXE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Enerflex Ltd. (EFX.TO) and Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO).

HXE.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX Capped Energy Index (Total Return). It was launched on Sep 16, 2013.

Performance

EFX.TO vs. HXE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Enerflex Ltd. (EFX.TO) and Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

EFX.TO vs. HXE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFX.TO
Enerflex Ltd.		37.72%49.76%136.45%-27.27%12.93%17.98%-44.71%-21.19%6.74%-8.14%
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Class ETF		41.53%17.30%14.39%3.95%53.52%81.48%-33.82%10.05%-26.98%-12.23%

Returns By Period

In the year-to-date period, EFX.TO achieves a 37.72% return, which is significantly lower than HXE.TO's 41.53% return. Both investments have delivered pretty close results over the past 10 years, with EFX.TO having a 13.39% annualized return and HXE.TO not far behind at 13.21%.

EFX.TO

1D
1.75%
1M
-4.80%
YTD
37.72%
6M
94.60%
1Y
164.45%
3Y*
55.39%
5Y*
29.60%
10Y*
13.39%

HXE.TO

1D
-0.76%
1M
15.83%
YTD
41.53%
6M
49.74%
1Y
59.53%
3Y*
27.25%
5Y*
33.29%
10Y*
13.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Enerflex Ltd.

Global X S&P/TSX Capped Energy Index Corporate Class ETF

Often compared with EFX.TO:
EFX.TO vs. CNLEFX.TO vs. CEU.TOEFX.TO vs. NNRG.NEOEFX.TO vs. IESCEFX.TO vs. WCP.TOEFX.TO vs. HPS-A.TO
Often compared with HXE.TO:
HXE.TO vs. XEG.TOHXE.TO vs. ENCC.TOHXE.TO vs. VDY.TOHXE.TO vs. CEW.TOHXE.TO vs. VCN.TOHXE.TO vs. XLEHXE.TO vs. OILY.TO

Return for Risk

EFX.TO vs. HXE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFX.TO
EFX.TO Risk / Return Rank: 9797
Overall Rank
EFX.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
EFX.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
EFX.TO Omega Ratio Rank: 9696
Omega Ratio Rank
EFX.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
EFX.TO Martin Ratio Rank: 9696
Martin Ratio Rank
HXE.TO
HXE.TO Risk / Return Rank: 9191
Overall Rank
HXE.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
HXE.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
HXE.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HXE.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
HXE.TO Martin Ratio Rank: 8888
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.

EFX.TO vs. HXE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enerflex Ltd. (EFX.TO) and Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.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.

EFX.TOHXE.TODifference

Sharpe ratio

Return per unit of total volatility

3.58

2.22

+1.36

Sortino ratio

Return per unit of downside risk

3.66

2.69

+0.97

Omega ratio

Gain probability vs. loss probability

1.56

1.42

+0.14

Calmar ratio

Return relative to maximum drawdown

7.01

3.03

+3.97

Martin ratio

Return relative to average drawdown

18.86

10.74

+8.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFX.TO vs. HXE.TO - Sharpe Ratio Comparison

The current EFX.TO Sharpe Ratio is 3.58, which is higher than the HXE.TO Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of EFX.TO and HXE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

EFX.TOHXE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.58

2.22

+1.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

1.15

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.30

0.39

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.22

-0.02

Correlation

The correlation between EFX.TO and HXE.TO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EFX.TO vs. HXE.TO - Dividend Comparison

EFX.TO's dividend yield for the trailing twelve months is around 0.56%, while HXE.TO has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
EFX.TO
Enerflex Ltd.		0.56%0.74%0.79%1.63%1.17%1.11%2.67%3.52%2.44%2.28%1.99%2.56%
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

EFX.TO vs. HXE.TO - Drawdown Comparison

The maximum EFX.TO drawdown since its inception was -76.30%, smaller than the maximum HXE.TO drawdown of -85.92%. Use the drawdown chart below to compare losses from any high point for EFX.TO and HXE.TO.

Loading graphics...

Drawdown Indicators

EFX.TOHXE.TODifference

Max Drawdown

Largest peak-to-trough decline

-76.30%

-85.92%

+9.62%

Max Drawdown (1Y)

Largest decline over 1 year

-23.95%

-20.40%

-3.55%

Max Drawdown (5Y)

Largest decline over 5 years

-53.30%

-28.83%

-24.47%

Max Drawdown (10Y)

Largest decline over 10 years

-76.30%

-80.40%

+4.10%

Current Drawdown

Current decline from peak

-8.76%

-1.02%

-7.74%

Average Drawdown

Average peak-to-trough decline

-32.31%

-31.18%

-1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.90%

5.76%

+3.14%

Volatility

EFX.TO vs. HXE.TO - Volatility Comparison

Enerflex Ltd. (EFX.TO) has a higher volatility of 10.03% compared to Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) at 6.15%. This indicates that EFX.TO's price experiences larger fluctuations and is considered to be riskier than HXE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

EFX.TOHXE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.03%

6.15%

+3.88%

Volatility (6M)

Calculated over the trailing 6-month period

33.21%

14.56%

+18.65%

Volatility (1Y)

Calculated over the trailing 1-year period

46.26%

27.03%

+19.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.51%

29.04%

+16.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.14%

33.64%

+11.50%