HEQT.TO vs. TTTX.TO
HEQT.TO (Horizons All-Equity Asset Allocation ETF) and TTTX.TO (Global X Innovative Bluechip Top 10 Index ETF) are both Global Equities funds. HEQT.TO is actively managed, while TTTX.TO is passively managed. Over the past year, HEQT.TO returned 32.17% vs 41.10% for TTTX.TO. At a 0.11 correlation, their price movements are largely independent. HEQT.TO charges 0.20%/yr vs 0.60%/yr for TTTX.TO.
Performance
HEQT.TO vs. TTTX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HEQT.TO achieves a 14.13% return, which is significantly higher than TTTX.TO's 11.36% return.
HEQT.TO
- 1D
- 0.50%
- 1M
- 6.41%
- YTD
- 14.13%
- 6M
- 13.38%
- 1Y
- 32.17%
- 3Y*
- 25.88%
- 5Y*
- 16.89%
- 10Y*
- —
TTTX.TO
- 1D
- 0.19%
- 1M
- 5.75%
- YTD
- 11.36%
- 6M
- 10.30%
- 1Y
- 41.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEQT.TO vs. TTTX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 14.13% | 19.82% | 11.90% |
TTTX.TO Global X Innovative Bluechip Top 10 Index ETF | 11.36% | 18.31% | 21.44% |
Correlation
The correlation between HEQT.TO and TTTX.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.11 |
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Return for Risk
HEQT.TO vs. TTTX.TO — Risk / Return Rank
HEQT.TO
TTTX.TO
HEQT.TO vs. TTTX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons All-Equity Asset Allocation ETF (HEQT.TO) and Global X Innovative Bluechip Top 10 Index ETF (TTTX.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.
| HEQT.TO | TTTX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.47 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 3.54 | +0.27 |
| Martin ratioReturn relative to average drawdown | 16.80 | 10.76 | +6.03 |
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
| HEQT.TO | TTTX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 2.61 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 1.26 | -0.20 |
Drawdowns
HEQT.TO vs. TTTX.TO - Drawdown Comparison
The maximum HEQT.TO drawdown since its inception was -31.82%, which is greater than TTTX.TO's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for HEQT.TO and TTTX.TO.
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Drawdown Indicators
| HEQT.TO | TTTX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.82% | -23.27% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -11.68% | +3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.28% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -4.18% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.83% | -1.91% |
Volatility
HEQT.TO vs. TTTX.TO - Volatility Comparison
The current volatility for Horizons All-Equity Asset Allocation ETF (HEQT.TO) is 3.48%, while Global X Innovative Bluechip Top 10 Index ETF (TTTX.TO) has a volatility of 4.31%. This indicates that HEQT.TO experiences smaller price fluctuations and is considered to be less risky than TTTX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEQT.TO | TTTX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.31% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 11.88% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 15.85% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 20.65% | -5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 20.65% | -3.49% |
HEQT.TO vs. TTTX.TO - Expense Ratio Comparison
HEQT.TO has a 0.20% expense ratio, which is lower than TTTX.TO's 0.60% expense ratio.
Dividends
HEQT.TO vs. TTTX.TO - Dividend Comparison
HEQT.TO's dividend yield for the trailing twelve months is around 1.61%, more than TTTX.TO's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.61% | 1.70% | 3.22% | 7.85% | 7.31% | 0.48% | 1.40% | 0.22% |
TTTX.TO Global X Innovative Bluechip Top 10 Index ETF | 0.09% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEQT.TO and TTTX.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.60% for TTTX.TO.
They also come from different issuers: Horizons and Global X. Their fees differ too: 0.20% for HEQT.TO and 0.60% for TTTX.TO.
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