HFR.TO vs. HXS.TO
HFR.TO (Global X Active Ultra-Short Term Investment Grade Bond ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - HFR.TO is a Ultrashort Bond fund actively managed by Global X, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. HFR.TO is actively managed, while HXS.TO is passively managed. Over the past 10 years, HFR.TO returned 3.28%/yr vs 15.90%/yr for HXS.TO. At a 0.02 correlation, their price movements are largely independent. HFR.TO charges 0.46%/yr vs 0.10%/yr for HXS.TO.
Performance
HFR.TO vs. HXS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HFR.TO achieves a 1.32% return, which is significantly lower than HXS.TO's 11.99% return. Over the past 10 years, HFR.TO has underperformed HXS.TO with an annualized return of 3.28%, while HXS.TO has yielded a comparatively higher 15.90% annualized return.
HFR.TO
- 1D
- 0.05%
- 1M
- 0.54%
- YTD
- 1.32%
- 6M
- 1.44%
- 1Y
- 3.76%
- 3Y*
- 5.69%
- 5Y*
- 3.88%
- 10Y*
- 3.28%
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%
HFR.TO vs. HXS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFR.TO Global X Active Ultra-Short Term Investment Grade Bond ETF | 1.32% | 4.04% | 6.89% | 7.86% | -0.77% | 0.70% | 3.51% | 4.41% | 0.83% | 2.34% |
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 HFR.TO and HXS.TO is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2010 | 0.02 |
HFR.TO vs. HXS.TO - Sectors Allocation Comparison
Sectors
HFR.TO
HXS.TO
Real Estate
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Financial Services
-
Healthcare
-
Industrials
-
Technology
-
Utilities
-
Real Estate
HFR.TO
HXS.TO
Basic Materials
HFR.TO
-
HXS.TO
Communication Services
HFR.TO
-
HXS.TO
Consumer Cyclical
HFR.TO
-
HXS.TO
Consumer Defensive
HFR.TO
-
HXS.TO
Energy
HFR.TO
-
HXS.TO
Financial Services
HFR.TO
-
HXS.TO
Healthcare
HFR.TO
-
HXS.TO
Industrials
HFR.TO
-
HXS.TO
Technology
HFR.TO
-
HXS.TO
Utilities
HFR.TO
-
HXS.TO
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Return for Risk
HFR.TO vs. HXS.TO — Risk / Return Rank
HFR.TO
HXS.TO
HFR.TO vs. HXS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR.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.
| HFR.TO | HXS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.45 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 9.43 | 3.33 | +6.09 |
| Martin ratioReturn relative to average drawdown | 37.37 | 12.62 | +24.74 |
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
| HFR.TO | HXS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 2.46 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.21 | 1.11 | +1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.97 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.02 | -0.41 |
Drawdowns
HFR.TO vs. HXS.TO - Drawdown Comparison
The maximum HFR.TO drawdown since its inception was -22.56%, smaller than the maximum HXS.TO drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for HFR.TO and HXS.TO.
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Drawdown Indicators
| HFR.TO | HXS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -27.42% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -8.74% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -0.52% | -18.98% | +18.46% |
Max Drawdown (5Y)Largest decline over 5 years | -3.52% | -22.63% | +19.11% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | -27.42% | +4.86% |
Current DrawdownCurrent decline from peak | -0.05% | -0.27% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -3.54% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 2.30% | -2.20% |
Volatility
HFR.TO vs. HXS.TO - Volatility Comparison
The current volatility for Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR.TO) is 0.28%, while Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a volatility of 3.27%. This indicates that HFR.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
| HFR.TO | HXS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 3.27% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 8.83% | -8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 11.85% | -10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.76% | 15.13% | -13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 16.53% | -10.76% |
HFR.TO vs. HXS.TO - Expense Ratio Comparison
HFR.TO has a 0.46% expense ratio, which is higher than HXS.TO's 0.10% expense ratio.
Dividends
HFR.TO vs. HXS.TO - Dividend Comparison
HFR.TO's dividend yield for the trailing twelve months is around 3.65%, while HXS.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFR.TO Global X Active Ultra-Short Term Investment Grade Bond ETF | 3.65% | 3.76% | 4.50% | 5.67% | 3.39% | 1.29% | 2.69% | 2.61% | 2.35% | 2.12% | 1.97% | 2.13% |
HXS.TO Global X S&P 500 Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFR.TO and HXS.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXS.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXS.TO is cheaper with a 0.10% expense ratio, compared with 0.46% for HFR.TO.
HFR.TO is categorized as Ultrashort Bond, while HXS.TO is S&P 500. Their fees differ too: 0.46% for HFR.TO and 0.10% for HXS.TO.
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