HEQL.TO vs. HXS.TO
Compare and contrast key facts about Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.TO).
HEQL.TO and HXS.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEQL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023. HXS.TO is a passively managed fund by Global X that tracks the performance of the S&P 500 Index. It was launched on Nov 30, 2010.
Performance
HEQL.TO vs. HXS.TO - Performance Comparison
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HEQL.TO vs. HXS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD | 0.05% | 22.78% | 28.97% | 8.75% |
HXS.TO Global X S&P 500 Index Corporate Class ETF | -3.28% | 11.93% | 34.98% | 6.50% |
Returns By Period
In the year-to-date period, HEQL.TO achieves a 0.05% return, which is significantly higher than HXS.TO's -3.28% return.
HEQL.TO
- 1D
- 3.03%
- 1M
- -5.59%
- YTD
- 0.05%
- 6M
- 3.41%
- 1Y
- 23.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HXS.TO
- 1D
- 2.76%
- 1M
- -3.20%
- YTD
- -3.28%
- 6M
- -2.17%
- 1Y
- 13.01%
- 3Y*
- 18.86%
- 5Y*
- 13.61%
- 10Y*
- 14.34%
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HEQL.TO vs. HXS.TO - Expense Ratio Comparison
HEQL.TO has a 1.46% expense ratio, which is higher than HXS.TO's 0.10% expense ratio.
Return for Risk
HEQL.TO vs. HXS.TO — Risk / Return Rank
HEQL.TO
HXS.TO
HEQL.TO vs. HXS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.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.
| HEQL.TO | HXS.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.70 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.07 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.16 | -0.27 |
Martin ratioReturn relative to average drawdown | 3.82 | 4.32 | -0.51 |
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
| HEQL.TO | HXS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.70 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.96 | +0.75 |
Correlation
The correlation between HEQL.TO and HXS.TO is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HEQL.TO vs. HXS.TO - Dividend Comparison
HEQL.TO's dividend yield for the trailing twelve months is around 1.67%, while HXS.TO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD | 1.67% | 1.82% | 1.75% | 0.55% |
HXS.TO Global X S&P 500 Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEQL.TO vs. HXS.TO - Drawdown Comparison
The maximum HEQL.TO drawdown since its inception was -19.86%, smaller than the maximum HXS.TO drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for HEQL.TO and HXS.TO.
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Drawdown Indicators
| HEQL.TO | HXS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.86% | -27.42% | +7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.14% | -12.44% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.42% | — |
Current DrawdownCurrent decline from peak | -6.79% | -6.22% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -3.57% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 3.33% | +1.30% |
Volatility
HEQL.TO vs. HXS.TO - Volatility Comparison
Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) has a higher volatility of 7.68% compared to Global X S&P 500 Index Corporate Class ETF (HXS.TO) at 5.16%. This indicates that HEQL.TO's price experiences larger fluctuations and is considered to be riskier 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
| HEQL.TO | HXS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 5.16% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 9.53% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.32% | 18.62% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 15.14% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 16.53% | +2.04% |