FEZ vs. HXT.TO
FEZ (SPDR EURO STOXX 50 ETF) and HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) are both exchange-traded funds - FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, FEZ returned 10.66%/yr vs 11.82%/yr for HXT.TO. A 0.54 correlation means they provide meaningful diversification when combined. FEZ charges 0.29%/yr vs 0.07%/yr for HXT.TO.
Performance
FEZ vs. HXT.TO - Performance Comparison
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Different Trading Currencies
FEZ is traded in USD, while HXT.TO is traded in CAD. To make them comparable, the HXT.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEZ achieves a 4.68% return, which is significantly lower than HXT.TO's 7.56% return. Over the past 10 years, FEZ has underperformed HXT.TO with an annualized return of 10.66%, while HXT.TO has yielded a comparatively higher 11.82% annualized return.
FEZ
- 1D
- 0.63%
- 1M
- 0.33%
- YTD
- 4.68%
- 6M
- 6.49%
- 1Y
- 15.20%
- 3Y*
- 17.76%
- 5Y*
- 9.78%
- 10Y*
- 10.66%
HXT.TO
- 1D
- -0.21%
- 1M
- 0.18%
- YTD
- 7.56%
- 6M
- 10.70%
- 1Y
- 28.39%
- 3Y*
- 20.80%
- 5Y*
- 11.20%
- 10Y*
- 11.82%
FEZ vs. HXT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEZ SPDR EURO STOXX 50 ETF | 4.68% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
HXT.TO Global X S&P/TSX 60 Corporate Class ETF | 7.56% | 34.90% | 11.50% | 14.75% | -11.86% | 28.17% | 7.92% | 27.43% | -15.03% | 17.74% |
Correlation
The correlation between FEZ and HXT.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2010 | 0.54 |
The correlation between FEZ and HXT.TO has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
FEZ vs. HXT.TO - Sectors Allocation Comparison
Sectors
FEZ
HXT.TO
Financial Services
Industrials
Technology
Consumer Cyclical
Consumer Defensive
Healthcare
-
Energy
Utilities
Basic Materials
Communication Services
Real Estate
-
Financial Services
FEZ
HXT.TO
Industrials
FEZ
HXT.TO
Technology
FEZ
HXT.TO
Consumer Cyclical
FEZ
HXT.TO
Consumer Defensive
FEZ
HXT.TO
Healthcare
FEZ
HXT.TO
-
Energy
FEZ
HXT.TO
Utilities
FEZ
HXT.TO
Basic Materials
FEZ
HXT.TO
Communication Services
FEZ
HXT.TO
Real Estate
FEZ
-
HXT.TO
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Return for Risk
FEZ vs. HXT.TO — Risk / Return Rank
FEZ
HXT.TO
FEZ vs. HXT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX 50 ETF (FEZ) and Global X S&P/TSX 60 Corporate Class ETF (HXT.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.
| FEZ | HXT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 3.50 | -2.38 |
| Martin ratioReturn relative to average drawdown | 3.81 | 15.10 | -11.29 |
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
| FEZ | HXT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.24 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.78 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.72 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.14 | +0.16 |
Drawdowns
FEZ vs. HXT.TO - Drawdown Comparison
The maximum FEZ drawdown since its inception was -64.21%, smaller than the maximum HXT.TO drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for FEZ and HXT.TO.
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Drawdown Indicators
| FEZ | HXT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.21% | -67.62% | +3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -8.16% | -5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -12.43% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -24.08% | -10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -41.00% | +1.31% |
Current DrawdownCurrent decline from peak | -2.79% | -2.07% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -17.07% | -31.09% | +14.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 1.89% | +2.11% |
Volatility
FEZ vs. HXT.TO - Volatility Comparison
SPDR EURO STOXX 50 ETF (FEZ) has a higher volatility of 5.64% compared to Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) at 3.83%. This indicates that FEZ's price experiences larger fluctuations and is considered to be riskier than HXT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEZ | HXT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 3.83% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 9.95% | +5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 12.73% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 14.47% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 16.59% | +4.53% |
FEZ vs. HXT.TO - Expense Ratio Comparison
FEZ has a 0.29% expense ratio, which is higher than HXT.TO's 0.07% expense ratio.
Dividends
FEZ vs. HXT.TO - Dividend Comparison
FEZ's dividend yield for the trailing twelve months is around 2.58%, while HXT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEZ SPDR EURO STOXX 50 ETF | 2.58% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
HXT.TO Global X S&P/TSX 60 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% |
Frequently Asked Questions
FEZ and HXT.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXT.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXT.TO is cheaper with a 0.07% expense ratio, compared with 0.29% for FEZ.
FEZ is categorized as Europe Equities, while HXT.TO is Canada Equities. FEZ tracks EURO STOXX 50 Index, while HXT.TO tracks S&P/TSX 60 Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.29% for FEZ and 0.07% for HXT.TO.
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