HSH.TO vs. XUSC.TO
HSH.TO (Global X S&P 500 CAD Hedged Index Corporate Class ETF) and XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) are both exchange-traded funds - HSH.TO is a S&P 500 fund actively managed by Global X, while XUSC.TO is a Large Cap Blend Equities fund tracking the S&P 500 3% Capped Index. HSH.TO is actively managed, while XUSC.TO is passively managed. Over the past year, HSH.TO returned 19.57% vs 24.54% for XUSC.TO. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
HSH.TO vs. XUSC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSH.TO achieves a 9.63% return, which is significantly lower than XUSC.TO's 13.99% 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*
- —
XUSC.TO
- 1D
- -0.27%
- 1M
- 0.10%
- 6M
- 10.82%
- YTD
- 13.99%
- 1Y
- 24.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSH.TO vs. XUSC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HSH.TO Global X S&P 500 CAD Hedged Index Corporate Class ETF | 9.63% | 15.34% | 5.17% |
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units) | 13.99% | 11.40% | 10.66% |
Correlation
The correlation between HSH.TO and XUSC.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.79 |
The correlation between HSH.TO and XUSC.TO has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSH.TO vs. XUSC.TO — Risk / Return Rank
HSH.TO
XUSC.TO
HSH.TO vs. XUSC.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 iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.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 | XUSC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.24 | -1.19 |
| Martin ratioReturn relative to average drawdown | 8.81 | 11.73 | -2.91 |
Loading charts...
Drawdowns
HSH.TO vs. XUSC.TO - Drawdown Comparison
The maximum HSH.TO drawdown since its inception was -34.19%, which is greater than XUSC.TO's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for HSH.TO and XUSC.TO.
Loading charts...
Drawdown Indicators
| HSH.TO | XUSC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.19% | -18.31% | -15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -7.60% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -20.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -1.59% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -2.59% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.10% | +0.13% |
Volatility
HSH.TO vs. XUSC.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 iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) at 3.44%. This indicates that HSH.TO's price experiences larger fluctuations and is considered to be riskier than XUSC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSH.TO | XUSC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.44% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 9.40% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 12.09% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 15.65% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 15.65% | +4.46% |
Dividends
HSH.TO vs. XUSC.TO - Dividend Comparison
HSH.TO has not paid dividends to shareholders, while XUSC.TO's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HSH.TO Global X S&P 500 CAD Hedged Index Corporate Class ETF | 0.00% | 0.00% | 0.00% |
XUSC.TO iShares S&P 500 3% Capped Index ETF (CAD Units) | 0.94% | 0.94% | 0.24% |
Frequently Asked Questions
HSH.TO and XUSC.TO have a correlation of 0.83, 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 XUSC.TO is Large Cap Blend Equities. They also come from different issuers: Global X and iShares.
Find the right allocation for HSH.TO and XUSC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer