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HAC.TO vs. HXT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAC.TO vs. HXT.TO

Last updated Jul 16, 2026
Documentation

HAC.TO (Global X Seasonal Rotation ETF) and HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) are both exchange-traded funds - HAC.TO is a Tactical Allocation fund actively managed by Global X, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). HAC.TO is actively managed, while HXT.TO is passively managed. Over the past 10 years, HAC.TO returned 7.93%/yr vs 12.87%/yr for HXT.TO. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

HAC.TO vs. HXT.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, HAC.TO achieves a 10.60% return, which is significantly lower than HXT.TO's 13.87% return. Over the past 10 years, HAC.TO has underperformed HXT.TO with an annualized return of 7.93%, while HXT.TO has yielded a comparatively higher 12.87% annualized return.

HAC.TO

1D
0.28%
1M
1.23%
6M
5.06%
YTD
10.60%
1Y
18.36%
3Y*
13.25%
5Y*
8.19%
10Y*
7.93%

HXT.TO

1D
0.40%
1M
1.69%
6M
10.31%
YTD
13.87%
1Y
33.28%
3Y*
23.23%
5Y*
15.08%
10Y*
12.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAC.TO vs. HXT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HAC.TO
Global X Seasonal Rotation ETF		10.60%6.77%8.98%16.28%-4.92%20.95%-5.25%19.88%0.28%5.34%
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETF		13.87%28.74%20.94%12.02%-6.27%28.11%5.36%22.18%-7.89%9.77%

Correlation

The correlation between HAC.TO and HXT.TO is 0.67, 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

0.67

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

0.63

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

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Nov 11, 2010

0.57

The correlation between HAC.TO and HXT.TO has been stable across timeframes, ranging from 0.57 to 0.67 - a consistent structural relationship.

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 Seasonal Rotation ETF

Global X S&P/TSX 60 Index Corporate Class ETF

Often compared with HXT.TO:
HXT.TO vs. VCN.TOHXT.TO vs. XIU.TOHXT.TO vs. XIC.TOHXT.TO vs. XEQT.TOHXT.TO vs. VFV.TOHXT.TO vs. HXCN.TOHXT.TO vs. HXH.TO

Return for Risk

HAC.TO vs. HXT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAC.TO
HAC.TO Risk / Return Rank: 6565
Overall Rank
HAC.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
HAC.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
HAC.TO Omega Ratio Rank: 7575
Omega Ratio Rank
HAC.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
HAC.TO Martin Ratio Rank: 6868
Martin Ratio Rank
HXT.TO
HXT.TO Risk / Return Rank: 9393
Overall Rank
HXT.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
HXT.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
HXT.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HXT.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
HXT.TO Martin Ratio Rank: 9494
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Seasonal Rotation ETF (HAC.TO) and Global X S&P/TSX 60 Index 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.

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.

HAC.TOHXT.TODifference
Sharpe ratioReturn per unit of total volatility
1.61
2.79

-1.19

Sortino ratioReturn per unit of downside risk
2.14
3.70

-1.56

Omega ratioGain probability vs. loss probability

1.35

1.50

-0.15

Calmar ratioReturn relative to maximum drawdown

2.87

4.34

-1.47

Martin ratioReturn relative to average drawdown

9.83

19.88

-10.05

HAC.TO vs. HXT.TO - Sharpe Ratio Comparison

The current HAC.TO Sharpe Ratio is 1.61, which is lower than the HXT.TO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of HAC.TO 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.

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Drawdowns

HAC.TO vs. HXT.TO - Drawdown Comparison

The maximum HAC.TO drawdown since its inception was -32.62%, smaller than the maximum HXT.TO drawdown of -52.13%. Use the drawdown chart below to compare losses from any high point for HAC.TO and HXT.TO.

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Drawdown Indicators

HAC.TOHXT.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.62%

-52.13%

+19.51%

Max Drawdown (1Y)

Largest decline over 1 year

-6.43%

-7.71%

+1.28%

Max Drawdown (3Y)

Largest decline over 3 years

-13.12%

-12.36%

-0.76%

Max Drawdown (5Y)

Largest decline over 5 years

-13.12%

-16.33%

+3.21%

Max Drawdown (10Y)

Largest decline over 10 years

-32.62%

-35.48%

+2.86%

Current Drawdown

Current decline from peak

-0.50%

0.00%

-0.50%

Average Drawdown

Average peak-to-trough decline

-2.84%

-18.96%

+16.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

1.68%

+0.19%

Volatility

HAC.TO vs. HXT.TO - Volatility Comparison

The current volatility for Global X Seasonal Rotation ETF (HAC.TO) is 1.33%, while Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) has a volatility of 1.91%. This indicates that HAC.TO experiences smaller price fluctuations and is considered to be less risky 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

HAC.TOHXT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

1.91%

-0.58%

Volatility (6M)

Calculated over the trailing 6-month period

9.75%

9.48%

+0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

11.48%

11.99%

-0.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.19%

12.80%

-2.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.88%

15.13%

-3.25%

Dividends

HAC.TO vs. HXT.TO - Dividend Comparison

HAC.TO's dividend yield for the trailing twelve months is around 0.78%, while HXT.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
HAC.TO
Global X Seasonal Rotation ETF		0.78%0.86%0.00%1.12%0.37%0.00%0.00%0.10%7.12%
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HAC.TO and HXT.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HAC.TO is categorized as Tactical Allocation, while HXT.TO is Canada Equities.

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