HUC.TO vs. CCOM.TO

Last updated Jun 4, 2026

HUC.TO (Global X Crude Oil ETF) and CCOM.TO (CI Auspice Broad Commodity Fund ETF Hedged Units) are both Commodities funds - HUC.TO tracks the Solactive Light Sweet Crude Oil Winter MD Rolling Futures Index ER while CCOM.TO tracks the Auspice Broad Commodity Excess Return Index. Both are passively managed. Over the past 3 years, HUC.TO returned 12.31%/yr vs 6.60%/yr for CCOM.TO. At a 0.26 correlation, their price movements are largely independent. HUC.TO charges 1.09%/yr vs 0.73%/yr for CCOM.TO.

Performance

HUC.TO vs. CCOM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Crude Oil ETF (HUC.TO) and CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HUC.TO achieves a 45.00% return, which is significantly higher than CCOM.TO's 14.12% return.

HUC.TO

• 1D: 1.46%
• 1M: -1.28%
• YTD: 45.00%
• 6M: 41.59%
• 1Y: 40.27%
• 3Y*: 12.31%
• 5Y*: 13.32%
• 10Y*: 8.61%

CCOM.TO

• 1D: -0.33%
• 1M: -1.57%
• YTD: 14.12%
• 6M: 13.88%
• 1Y: 21.03%
• 3Y*: 6.60%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HUC.TO vs. CCOM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HUC.TO Global X Crude Oil ETF	45.00%	-13.63%	7.23%	-2.89%	11.12%
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units	14.12%	6.96%	5.90%	-2.46%	1.40%

Correlation

The correlation between HUC.TO and CCOM.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Sep 28, 2022	0.26

Return for Risk

HUC.TO vs. CCOM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HUC.TO

HUC.TO Risk / Return Rank: 44
HUC.TO Sharpe Ratio Rank: 47
HUC.TO Sortino Ratio Rank: 41
HUC.TO Omega Ratio Rank: 46
HUC.TO Calmar Ratio Rank: 51
HUC.TO Martin Ratio Rank: 33

CCOM.TO

CCOM.TO Risk / Return Rank: 70
CCOM.TO Sharpe Ratio Rank: 62
CCOM.TO Sortino Ratio Rank: 58
CCOM.TO Omega Ratio Rank: 67
CCOM.TO Calmar Ratio Rank: 86
CCOM.TO Martin Ratio Rank: 75

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.

HUC.TO vs. CCOM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Crude Oil ETF (HUC.TO) and CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.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.

	HUC.TO	CCOM.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.11	-0.51
Sortino ratio: Return per unit of downside risk	2.10	2.76	-0.66
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	2.50	4.75	-2.25
Martin ratio: Return relative to average drawdown	4.94	14.22	-9.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUC.TO vs. CCOM.TO - Sharpe Ratio Comparison

The current HUC.TO Sharpe Ratio is 1.60, which is comparable to the CCOM.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of HUC.TO and CCOM.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.

Sharpe Ratios by Period

	HUC.TO	CCOM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	2.11	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.82	-0.69

Drawdowns

HUC.TO vs. CCOM.TO - Drawdown Comparison

The maximum HUC.TO drawdown since its inception was -76.99%, which is greater than CCOM.TO's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for HUC.TO and CCOM.TO.

Drawdown Indicators

	HUC.TO	CCOM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-76.99%	-9.79%	-67.20%
Max Drawdown (1Y) Largest decline over 1 year	-16.20%	-4.45%	-11.75%
Max Drawdown (3Y) Largest decline over 3 years	-23.83%	-8.18%	-15.65%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.56%	—	—
Current Drawdown Current decline from peak	-2.80%	-4.45%	+1.65%
Average Drawdown Average peak-to-trough decline	-34.61%	-2.96%	-31.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.17%	1.48%	+6.69%

Volatility

HUC.TO vs. CCOM.TO - Volatility Comparison

Global X Crude Oil ETF (HUC.TO) has a higher volatility of 11.26% compared to CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) at 4.71%. This indicates that HUC.TO's price experiences larger fluctuations and is considered to be riskier than CCOM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUC.TO	CCOM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	4.71%	+6.55%
Volatility (6M) Calculated over the trailing 6-month period	21.17%	8.36%	+12.81%
Volatility (1Y) Calculated over the trailing 1-year period	25.36%	10.02%	+15.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.85%	8.42%	+19.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.04%	8.42%	+20.62%

HUC.TO vs. CCOM.TO - Expense Ratio Comparison

HUC.TO has a 1.09% expense ratio, which is higher than CCOM.TO's 0.73% expense ratio.

Dividends

HUC.TO vs. CCOM.TO - Dividend Comparison

HUC.TO has not paid dividends to shareholders, while CCOM.TO's dividend yield for the trailing twelve months is around 7.35%.

Position	TTM	2025	2024	2023
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units	7.35%	3.48%	6.99%	4.21%
HUC.TO Global X Crude Oil ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HUC.TO and CCOM.TO in my portfolio?

HUC.TO and CCOM.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HUC.TO or CCOM.TO?

On fees, CCOM.TO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HUC.TO or CCOM.TO?

CCOM.TO is cheaper with a 0.73% expense ratio, compared with 1.09% for HUC.TO.

What is the main difference between HUC.TO and CCOM.TO?

HUC.TO tracks Solactive Light Sweet Crude Oil Winter MD Rolling Futures Index ER, while CCOM.TO tracks Auspice Broad Commodity Excess Return Index. They also come from different issuers: Global X and CI. Their fees differ too: 1.09% for HUC.TO and 0.73% for CCOM.TO.