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HMMJ.TO vs. HXS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HMMJ.TO vs. HXS.TO

Last updated Jul 16, 2026
Documentation

HMMJ.TO (Global X Marijuana Life Sciences Index ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - HMMJ.TO is a Cannabis fund actively managed by Global X, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. HMMJ.TO is actively managed, while HXS.TO is passively managed. Over the past 5 years, HMMJ.TO returned -36.39%/yr vs 15.36%/yr for HXS.TO. At a 0.43 correlation, their price movements are largely independent.

Performance

HMMJ.TO vs. HXS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Marijuana Life Sciences Index ETF (HMMJ.TO) and Global X S&P 500 Index Corporate Class ETF (HXS.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HMMJ.TO achieves a -7.62% return, which is significantly lower than HXS.TO's 13.39% return.

HMMJ.TO

1D
0.43%
1M
-1.78%
6M
-10.75%
YTD
-7.62%
1Y
2.05%
3Y*
-3.97%
5Y*
-36.39%
10Y*
—

HXS.TO

1D
0.10%
1M
0.60%
6M
10.56%
YTD
13.39%
1Y
24.82%
3Y*
22.28%
5Y*
15.36%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HMMJ.TO vs. HXS.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HMMJ.TO
Global X Marijuana Life Sciences Index ETF		-7.62%-12.90%0.05%-18.78%-76.54%-19.19%-7.94%-58.23%
HXS.TO
Global X S&P 500 Index Corporate Class ETF		13.39%11.93%34.98%23.22%-12.72%27.30%15.78%15.85%

Correlation

The correlation between HMMJ.TO and HXS.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2019

0.43

The correlation between HMMJ.TO and HXS.TO shifts across timeframes, from 0.35 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Marijuana Life Sciences Index ETF

Global X S&P 500 Index Corporate Class ETF

Often compared with HXS.TO:
HXS.TO vs. VFV.TOHXS.TO vs. HXQ.TOHXS.TO vs. ZSP.TOHXS.TO vs. VOOHXS.TO vs. XUS.TOHXS.TO vs. SPYHXS.TO vs. TEC.TO

Return for Risk

HMMJ.TO vs. HXS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HMMJ.TO
HMMJ.TO Risk / Return Rank: 1111
Overall Rank
HMMJ.TO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
HMMJ.TO Sortino Ratio Rank: 1212
Sortino Ratio Rank
HMMJ.TO Omega Ratio Rank: 1212
Omega Ratio Rank
HMMJ.TO Calmar Ratio Rank: 1010
Calmar Ratio Rank
HMMJ.TO Martin Ratio Rank: 1010
Martin Ratio Rank
HXS.TO
HXS.TO Risk / Return Rank: 7575
Overall Rank
HXS.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
HXS.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
HXS.TO Omega Ratio Rank: 7878
Omega Ratio Rank
HXS.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
HXS.TO Martin Ratio Rank: 7272
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HMMJ.TO vs. HXS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Marijuana Life Sciences Index ETF (HMMJ.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

HMMJ.TOHXS.TODifference
Sharpe ratioReturn per unit of total volatility
0.05
2.00

-1.95

Sortino ratioReturn per unit of downside risk
0.44
2.76

-2.32

Omega ratioGain probability vs. loss probability

1.05

1.36

-0.31

Calmar ratioReturn relative to maximum drawdown

0.06

2.85

-2.79

Martin ratioReturn relative to average drawdown

0.09

10.59

-10.50

HMMJ.TO vs. HXS.TO - Sharpe Ratio Comparison

The current HMMJ.TO Sharpe Ratio is 0.05, which is lower than the HXS.TO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of HMMJ.TO and HXS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HMMJ.TO vs. HXS.TO - Drawdown Comparison

The maximum HMMJ.TO drawdown since its inception was -96.73%, which is greater than HXS.TO's maximum drawdown of -27.41%. Use the drawdown chart below to compare losses from any high point for HMMJ.TO and HXS.TO.

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Drawdown Indicators

HMMJ.TOHXS.TODifference

Max Drawdown

Largest peak-to-trough decline

-96.73%

-27.41%

-69.32%

Max Drawdown (1Y)

Largest decline over 1 year

-33.15%

-8.74%

-24.41%

Max Drawdown (3Y)

Largest decline over 3 years

-47.92%

-18.98%

-28.94%

Max Drawdown (5Y)

Largest decline over 5 years

-91.74%

-22.63%

-69.11%

Current Drawdown

Current decline from peak

-96.06%

-0.87%

-95.19%

Average Drawdown

Average peak-to-trough decline

-67.53%

-4.23%

-63.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.78%

2.35%

+19.43%

Volatility

HMMJ.TO vs. HXS.TO - Volatility Comparison

Global X Marijuana Life Sciences Index ETF (HMMJ.TO) has a higher volatility of 5.64% compared to Global X S&P 500 Index Corporate Class ETF (HXS.TO) at 3.34%. This indicates that HMMJ.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

HMMJ.TOHXS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.64%

3.34%

+2.30%

Volatility (6M)

Calculated over the trailing 6-month period

20.49%

9.75%

+10.74%

Volatility (1Y)

Calculated over the trailing 1-year period

41.95%

12.47%

+29.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.24%

15.27%

+28.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.24%

17.69%

+30.55%

Dividends

HMMJ.TO vs. HXS.TO - Dividend Comparison

HMMJ.TO's dividend yield for the trailing twelve months is around 1.43%, while HXS.TO has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
HMMJ.TO
Global X Marijuana Life Sciences Index ETF		1.43%1.43%3.90%2.97%1.48%0.22%1.84%3.56%2.03%0.12%
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%

Frequently Asked Questions

HMMJ.TO and HXS.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HMMJ.TO is categorized as Cannabis, while HXS.TO is S&P 500.

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