HBB.TO vs. HXS.TO
HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - HBB.TO is a Total Bond Market fund tracking the Solactive Canadian Select Universe Bond, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, HBB.TO returned 1.30%/yr vs 15.90%/yr for HXS.TO. At a 0.01 correlation, their price movements are largely independent. HBB.TO charges 0.09%/yr vs 0.10%/yr for HXS.TO.
Performance
HBB.TO vs. HXS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBB.TO achieves a 1.48% return, which is significantly lower than HXS.TO's 11.99% return. Over the past 10 years, HBB.TO has underperformed HXS.TO with an annualized return of 1.30%, while HXS.TO has yielded a comparatively higher 15.90% annualized return.
HBB.TO
- 1D
- -0.04%
- 1M
- 1.71%
- YTD
- 1.48%
- 6M
- 0.58%
- 1Y
- 2.70%
- 3Y*
- 3.63%
- 5Y*
- 0.33%
- 10Y*
- 1.30%
HXS.TO
- 1D
- -0.27%
- 1M
- 7.20%
- YTD
- 11.99%
- 6M
- 10.17%
- 1Y
- 29.00%
- 3Y*
- 23.29%
- 5Y*
- 16.64%
- 10Y*
- 15.90%
HBB.TO vs. HXS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBB.TO Global X Canadian Select Universe Bond Index Corporate Class ETF | 1.48% | 1.84% | 3.96% | 5.76% | -11.94% | -2.35% | 8.33% | 5.81% | 1.19% | 1.98% |
HXS.TO Global X S&P 500 Index Corporate Class ETF | 11.99% | 11.93% | 34.98% | 23.22% | -12.72% | 27.30% | 15.78% | 24.69% | 3.03% | 13.60% |
Correlation
The correlation between HBB.TO and HXS.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 9, 2014 | 0.01 |
Over the past year, HBB.TO and HXS.TO have become more correlated (0.25) than their long-term average of 0.01, meaning their price movements have been converging.
HBB.TO vs. HXS.TO - Sectors Allocation Comparison
Sectors
HBB.TO
HXS.TO
Real Estate
Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
-
Energy
-
Financial Services
-
Healthcare
-
Industrials
-
Technology
-
Utilities
-
Real Estate
HBB.TO
HXS.TO
Basic Materials
HBB.TO
-
HXS.TO
Communication Services
HBB.TO
-
HXS.TO
Consumer Cyclical
HBB.TO
-
HXS.TO
Consumer Defensive
HBB.TO
-
HXS.TO
Energy
HBB.TO
-
HXS.TO
Financial Services
HBB.TO
-
HXS.TO
Healthcare
HBB.TO
-
HXS.TO
Industrials
HBB.TO
-
HXS.TO
Technology
HBB.TO
-
HXS.TO
Utilities
HBB.TO
-
HXS.TO
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Return for Risk
HBB.TO vs. HXS.TO — Risk / Return Rank
HBB.TO
HXS.TO
HBB.TO vs. HXS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.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.
| HBB.TO | HXS.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 2.46 | -1.85 |
Sortino ratioReturn per unit of downside risk | 0.84 | 3.36 | -2.51 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.45 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.33 | -2.36 |
Martin ratioReturn relative to average drawdown | 2.20 | 12.62 | -10.43 |
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
| HBB.TO | HXS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.46 | -1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.11 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.97 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.02 | -0.72 |
Drawdowns
HBB.TO vs. HXS.TO - Drawdown Comparison
The maximum HBB.TO drawdown since its inception was -18.23%, smaller than the maximum HXS.TO drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for HBB.TO and HXS.TO.
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Drawdown Indicators
| HBB.TO | HXS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.23% | -27.42% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -8.74% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -18.98% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -22.63% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -18.23% | -27.42% | +9.19% |
Current DrawdownCurrent decline from peak | -2.97% | -0.27% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -3.54% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.30% | -1.07% |
Volatility
HBB.TO vs. HXS.TO - Volatility Comparison
The current volatility for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) is 1.58%, while Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a volatility of 3.27%. This indicates that HBB.TO experiences smaller price fluctuations and is considered to be less risky than HXS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBB.TO | HXS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 3.27% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 8.83% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 11.85% | -7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 15.13% | -8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 16.53% | -9.44% |
HBB.TO vs. HXS.TO - Expense Ratio Comparison
HBB.TO has a 0.09% expense ratio, which is lower than HXS.TO's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HBB.TO vs. HXS.TO - Dividend Comparison
Neither HBB.TO nor HXS.TO has paid dividends to shareholders.
Frequently Asked Questions
HBB.TO and HXS.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HBB.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBB.TO is cheaper with a 0.09% expense ratio, compared with 0.10% for HXS.TO.
HBB.TO is categorized as Total Bond Market, while HXS.TO is S&P 500. HBB.TO tracks Solactive Canadian Select Universe Bond, while HXS.TO tracks S&P 500 Index. Their fees differ too: 0.09% for HBB.TO and 0.10% for HXS.TO.
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