HCON.TO vs. HXT.TO
HCON.TO (Global X Conservative Asset Allocation ETF) and HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) are both exchange-traded funds - HCON.TO is a Global Allocation fund actively managed by Global X, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. HCON.TO is actively managed, while HXT.TO is passively managed. Over the past 5 years, HCON.TO returned 5.15%/yr vs 14.72%/yr for HXT.TO. At a 0.44 correlation, their price movements are largely independent. HCON.TO charges 0.22%/yr vs 0.07%/yr for HXT.TO.
Performance
HCON.TO vs. HXT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HCON.TO achieves a 5.14% return, which is significantly lower than HXT.TO's 11.43% return.
HCON.TO
- 1D
- 0.26%
- 1M
- 3.04%
- YTD
- 5.14%
- 6M
- 5.14%
- 1Y
- 13.42%
- 3Y*
- 10.89%
- 5Y*
- 5.15%
- 10Y*
- —
HXT.TO
- 1D
- 1.27%
- 1M
- 5.06%
- YTD
- 11.43%
- 6M
- 12.28%
- 1Y
- 33.74%
- 3Y*
- 23.20%
- 5Y*
- 14.72%
- 10Y*
- 12.83%
HCON.TO vs. HXT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HCON.TO Global X Conservative Asset Allocation ETF | 5.14% | 10.11% | 12.67% | 11.86% | -16.79% | 9.57% | 14.05% | 16.76% | -6.03% |
HXT.TO Global X S&P/TSX 60 Corporate Class ETF | 11.43% | 28.74% | 20.94% | 12.02% | -6.27% | 28.11% | 5.36% | 22.18% | -10.92% |
Correlation
The correlation between HCON.TO and HXT.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018 | 0.44 |
The correlation between HCON.TO and HXT.TO shifts across timeframes, from 0.34 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
HCON.TO vs. HXT.TO - Sectors Allocation Comparison
Sectors
HCON.TO
HXT.TO
Technology
Financial Services
Industrials
Consumer Cyclical
Communication Services
Healthcare
-
Energy
Basic Materials
Consumer Defensive
Utilities
Real Estate
Technology
HCON.TO
HXT.TO
Financial Services
HCON.TO
HXT.TO
Industrials
HCON.TO
HXT.TO
Consumer Cyclical
HCON.TO
HXT.TO
Communication Services
HCON.TO
HXT.TO
Healthcare
HCON.TO
HXT.TO
-
Energy
HCON.TO
HXT.TO
Basic Materials
HCON.TO
HXT.TO
Consumer Defensive
HCON.TO
HXT.TO
Utilities
HCON.TO
HXT.TO
Real Estate
HCON.TO
HXT.TO
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Return for Risk
HCON.TO vs. HXT.TO — Risk / Return Rank
HCON.TO
HXT.TO
HCON.TO vs. HXT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Conservative Asset Allocation ETF (HCON.TO) 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.
| HCON.TO | HXT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.52 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 4.40 | -1.56 |
| Martin ratioReturn relative to average drawdown | 10.89 | 20.45 | -9.56 |
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
| HCON.TO | HXT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.88 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.16 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.70 | -0.10 |
Drawdowns
HCON.TO vs. HXT.TO - Drawdown Comparison
The maximum HCON.TO drawdown since its inception was -22.98%, smaller than the maximum HXT.TO drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for HCON.TO and HXT.TO.
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Drawdown Indicators
| HCON.TO | HXT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -35.48% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -7.71% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -12.36% | +6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -16.33% | -3.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.48% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -4.66% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.65% | -0.42% |
Volatility
HCON.TO vs. HXT.TO - Volatility Comparison
The current volatility for Global X Conservative Asset Allocation ETF (HCON.TO) is 2.04%, while Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) has a volatility of 3.40%. This indicates that HCON.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
| HCON.TO | HXT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.40% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | 9.40% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.69% | 11.77% | -5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 12.77% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 15.17% | -3.55% |
HCON.TO vs. HXT.TO - Expense Ratio Comparison
HCON.TO has a 0.22% 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
HCON.TO vs. HXT.TO - Dividend Comparison
HCON.TO's dividend yield for the trailing twelve months is around 2.73%, while HXT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HCON.TO Global X Conservative Asset Allocation ETF | 2.73% | 2.83% | 2.60% | 1.19% | 0.02% | 0.09% | 0.79% | 0.04% |
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% |
Frequently Asked Questions
HCON.TO and HXT.TO have a correlation of 0.34, 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 0.22% for HCON.TO.
HCON.TO is categorized as Global Allocation, while HXT.TO is Canada Equities. Their fees differ too: 0.22% for HCON.TO and 0.07% for HXT.TO.
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