HSH.TO vs. HXT.TO
HSH.TO (Global X S&P 500 CAD Hedged Index Corporate Class ETF) and HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) are both exchange-traded funds - HSH.TO is a S&P 500 fund actively managed by Global X, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). HSH.TO is actively managed, while HXT.TO is passively managed. Over the past 5 years, HSH.TO returned 11.71%/yr vs 15.08%/yr for HXT.TO. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
HSH.TO vs. HXT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HSH.TO achieves a 9.63% return, which is significantly lower than HXT.TO's 13.87% return.
HSH.TO
- 1D
- 0.10%
- 1M
- 0.05%
- 6M
- 8.63%
- YTD
- 9.63%
- 1Y
- 19.57%
- 3Y*
- 18.33%
- 5Y*
- 11.71%
- 10Y*
- —
HXT.TO
- 1D
- 0.40%
- 1M
- 1.69%
- 6M
- 10.31%
- YTD
- 13.87%
- 1Y
- 33.28%
- 3Y*
- 23.23%
- 5Y*
- 15.08%
- 10Y*
- 12.87%
HSH.TO vs. HXT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HSH.TO Global X S&P 500 CAD Hedged Index Corporate Class ETF | 9.63% | 15.34% | 23.32% | 25.56% | -19.90% | 28.94% | 16.14% | 17.33% |
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 13.87% | 28.74% | 20.94% | 12.02% | -6.27% | 28.11% | 5.36% | 9.06% |
Correlation
The correlation between HSH.TO and HXT.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2019 | 0.66 |
The correlation between HSH.TO and HXT.TO has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
HSH.TO vs. HXT.TO — Risk / Return Rank
HSH.TO
HXT.TO
HSH.TO vs. HXT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH.TO) and Global X S&P/TSX 60 Index 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.
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.
| HSH.TO | HXT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.50 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 4.34 | -2.28 |
| Martin ratioReturn relative to average drawdown | 8.81 | 19.88 | -11.07 |
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Drawdowns
HSH.TO vs. HXT.TO - Drawdown Comparison
The maximum HSH.TO drawdown since its inception was -34.19%, smaller than the maximum HXT.TO drawdown of -52.13%. Use the drawdown chart below to compare losses from any high point for HSH.TO and HXT.TO.
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Drawdown Indicators
| HSH.TO | HXT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.19% | -52.13% | +17.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -7.71% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -20.04% | -12.36% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -16.33% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.48% | — |
Current DrawdownCurrent decline from peak | -0.80% | 0.00% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -18.96% | +13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.68% | +0.55% |
Volatility
HSH.TO vs. HXT.TO - Volatility Comparison
Global X S&P 500 CAD Hedged Index Corporate Class ETF (HSH.TO) has a higher volatility of 3.77% compared to Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) at 1.91%. This indicates that HSH.TO's price experiences larger fluctuations and is considered to be riskier 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
| HSH.TO | HXT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 1.91% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 9.48% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 11.99% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 12.80% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 15.13% | +4.98% |
Dividends
HSH.TO vs. HXT.TO - Dividend Comparison
Neither HSH.TO nor HXT.TO has paid dividends to shareholders.
Frequently Asked Questions
HSH.TO and HXT.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSH.TO is categorized as S&P 500, while HXT.TO is Canada Equities.
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