FNDF vs. HXT.TO

Last updated Jun 9, 2026

FNDF (Schwab Fundamental International Equity ETF) and HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) are both exchange-traded funds - FNDF is a Foreign Large Cap Equities fund tracking the RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, FNDF returned 11.78%/yr vs 11.82%/yr for HXT.TO. A 0.60 correlation means they provide meaningful diversification when combined. FNDF charges 0.25%/yr vs 0.07%/yr for HXT.TO.

Performance

FNDF vs. HXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Equity ETF (FNDF) and Global X S&P/TSX 60 Corporate Class ETF (HXT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FNDF 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, FNDF achieves a 17.34% return, which is significantly higher than HXT.TO's 7.56% return. Both investments have delivered pretty close results over the past 10 years, with FNDF having a 11.78% annualized return and HXT.TO not far ahead at 11.82%.

FNDF

• 1D: 0.86%
• 1M: -0.45%
• YTD: 17.34%
• 6M: 20.48%
• 1Y: 39.17%
• 3Y*: 22.42%
• 5Y*: 12.75%
• 10Y*: 11.78%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FNDF vs. HXT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNDF Schwab Fundamental International Equity ETF	17.34%	40.99%	2.29%	20.22%	-7.78%	14.97%	3.61%	18.46%	-14.21%	23.98%
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 FNDF and HXT.TO is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.60

The correlation between FNDF and HXT.TO shifts across timeframes, from 0.53 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

FNDF vs. HXT.TO - Sectors Allocation Comparison

Sectors	FNDF	HXT.TO
Financial Services	16.7%	37.3%
Industrials	15.9%	8.9%
Energy	12.3%	15.9%
Basic Materials	11.3%	12.6%
Technology	11.1%	12.0%
Consumer Cyclical	10.7%	3.9%
Consumer Defensive	6.9%	3.6%
Healthcare	5.5%	-
Communication Services	4.9%	2.4%
Utilities	3.8%	2.9%
Real Estate	0.9%	0.5%

Return for Risk

FNDF vs. HXT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNDF

FNDF Risk / Return Rank: 82
FNDF Sharpe Ratio Rank: 86
FNDF Sortino Ratio Rank: 81
FNDF Omega Ratio Rank: 83
FNDF Calmar Ratio Rank: 79
FNDF Martin Ratio Rank: 80

HXT.TO

HXT.TO Risk / Return Rank: 86
HXT.TO Sharpe Ratio Rank: 87
HXT.TO Sortino Ratio Rank: 86
HXT.TO Omega Ratio Rank: 85
HXT.TO Calmar Ratio Rank: 83
HXT.TO Martin Ratio Rank: 90

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.

FNDF vs. HXT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity ETF (FNDF) 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.

	FNDF	HXT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.24	+0.28
Sortino ratio: Return per unit of downside risk	3.26	3.03	+0.23
Omega ratio: Gain probability vs. loss probability	1.45	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	3.71	3.50	+0.22
Martin ratio: Return relative to average drawdown	14.05	15.10	-1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNDF vs. HXT.TO - Sharpe Ratio Comparison

The current FNDF Sharpe Ratio is 2.53, which is comparable to the HXT.TO Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of FNDF and HXT.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.

Sharpe Ratios by Period

	FNDF	HXT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.24	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.78	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.72	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.14	+0.38

Drawdowns

FNDF vs. HXT.TO - Drawdown Comparison

The maximum FNDF drawdown since its inception was -40.14%, smaller than the maximum HXT.TO drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for FNDF and HXT.TO.

Drawdown Indicators

	FNDF	HXT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-67.62%	+27.48%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-8.16%	-2.44%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	-12.43%	-1.46%
Max Drawdown (5Y) Largest decline over 5 years	-25.56%	-24.08%	-1.48%
Max Drawdown (10Y) Largest decline over 10 years	-40.14%	-41.00%	+0.86%
Current Drawdown Current decline from peak	-3.84%	-2.07%	-1.77%
Average Drawdown Average peak-to-trough decline	-7.64%	-31.09%	+23.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	1.89%	+0.91%

Volatility

FNDF vs. HXT.TO - Volatility Comparison

Schwab Fundamental International Equity ETF (FNDF) has a higher volatility of 5.97% compared to Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) at 3.83%. This indicates that FNDF'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.

Volatility by Period

	FNDF	HXT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	3.83%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	9.95%	+3.24%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	12.73%	+2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	14.47%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	16.59%	+1.12%

FNDF vs. HXT.TO - Expense Ratio Comparison

FNDF has a 0.25% expense ratio, which is higher than HXT.TO's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FNDF vs. HXT.TO - Dividend Comparison

FNDF's dividend yield for the trailing twelve months is around 2.93%, while HXT.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDF Schwab Fundamental International Equity ETF	2.93%	3.44%	4.01%	3.41%	3.10%	3.54%	2.17%	3.20%	3.47%	2.32%	2.42%	2.08%
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

Can I hold both FNDF and HXT.TO in my portfolio?

FNDF and HXT.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNDF or HXT.TO?

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.

Which ETF is cheaper, FNDF or HXT.TO?

HXT.TO is cheaper with a 0.07% expense ratio, compared with 0.25% for FNDF.

What is the main difference between FNDF and HXT.TO?

FNDF is categorized as Foreign Large Cap Equities, while HXT.TO is Canada Equities. FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while HXT.TO tracks S&P/TSX 60 Index. They also come from different issuers: Charles Schwab and Global X. Their fees differ too: 0.25% for FNDF and 0.07% for HXT.TO.