HULC.TO vs. SPMO
HULC.TO (Global X US Large Cap Index Corporate Class ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - HULC.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap Index (CA NTR), while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, HULC.TO returned 34.17%/yr vs 27.61%/yr for SPMO. A 0.64 correlation means they provide meaningful diversification when combined. HULC.TO charges 0.08%/yr vs 0.13%/yr for SPMO.
Performance
HULC.TO vs. SPMO - Performance Comparison
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Different Trading Currencies
HULC.TO is traded in CAD, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HULC.TO achieves a 12.50% return, which is significantly lower than SPMO's 30.82% return.
HULC.TO
- 1D
- -0.15%
- 1M
- 7.49%
- YTD
- 12.50%
- 6M
- 10.64%
- 1Y
- 29.64%
- 3Y*
- 24.34%
- 5Y*
- 34.17%
- 10Y*
- —
SPMO
- 1D
- 0.00%
- 1M
- 16.60%
- YTD
- 30.82%
- 6M
- 28.84%
- 1Y
- 46.55%
- 3Y*
- 44.27%
- 5Y*
- 27.61%
- 10Y*
- 21.72%
HULC.TO vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HULC.TO Global X US Large Cap Index Corporate Class ETF | 12.50% | 12.69% | 35.93% | 24.43% | -14.75% | 153.78% | 26.06% |
SPMO Invesco S&P 500 Momentum ETF | 32.01% | 20.78% | 58.34% | 14.97% | -4.07% | 21.54% | 29.11% |
Correlation
The correlation between HULC.TO and SPMO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.64 |
The correlation between HULC.TO and SPMO shifts across timeframes, from 0.64 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
HULC.TO vs. SPMO - Sectors Allocation Comparison
Sectors
HULC.TO
SPMO
Technology
Communication Services
Financial Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Basic Materials
Real Estate
Technology
HULC.TO
SPMO
Communication Services
HULC.TO
SPMO
Financial Services
HULC.TO
SPMO
Consumer Cyclical
HULC.TO
SPMO
Healthcare
HULC.TO
SPMO
Industrials
HULC.TO
SPMO
Consumer Defensive
HULC.TO
SPMO
Energy
HULC.TO
SPMO
Utilities
HULC.TO
SPMO
Basic Materials
HULC.TO
SPMO
Real Estate
HULC.TO
SPMO
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Return for Risk
HULC.TO vs. SPMO — Risk / Return Rank
HULC.TO
SPMO
HULC.TO vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Large Cap Index Corporate Class ETF (HULC.TO) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| HULC.TO | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.65 | -0.24 |
| Martin ratioReturn relative to average drawdown | 12.23 | 12.23 | 0.00 |
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
| HULC.TO | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 2.72 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.57 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.10 | -0.35 |
Drawdowns
HULC.TO vs. SPMO - Drawdown Comparison
The maximum HULC.TO drawdown since its inception was -23.94%, smaller than the maximum SPMO drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for HULC.TO and SPMO.
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Drawdown Indicators
| HULC.TO | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.94% | -25.58% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -12.82% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -20.26% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -23.94% | -20.69% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.58% | — |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -4.14% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 3.82% | -1.39% |
Volatility
HULC.TO vs. SPMO - Volatility Comparison
The current volatility for Global X US Large Cap Index Corporate Class ETF (HULC.TO) is 3.01%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.29%. This indicates that HULC.TO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HULC.TO | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 7.29% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 13.95% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 17.23% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.99% | 17.71% | +29.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.82% | 19.10% | +24.72% |
HULC.TO vs. SPMO - Expense Ratio Comparison
HULC.TO has a 0.08% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HULC.TO vs. SPMO - Dividend Comparison
HULC.TO has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HULC.TO Global X US Large Cap 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.65% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
HULC.TO and SPMO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HULC.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HULC.TO is cheaper with a 0.08% expense ratio, compared with 0.13% for SPMO.
HULC.TO is categorized as Large Cap Blend Equities, while SPMO is Momentum. HULC.TO tracks Solactive US Large Cap Index (CA NTR), while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.08% for HULC.TO and 0.13% for SPMO.
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