HUN.TO vs. HXS.TO

Last updated Jun 4, 2026

HUN.TO (Global X Natural Gas ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - HUN.TO is a Commodities fund tracking the Solactive Natural Gas Winter MD Rolling Futures Index ER, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, HUN.TO returned 6.09%/yr vs 15.90%/yr for HXS.TO. At a correlation of -0.00, they often move in opposite directions. HUN.TO charges 1.40%/yr vs 0.10%/yr for HXS.TO.

Performance

HUN.TO vs. HXS.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, HUN.TO achieves a -4.38% return, which is significantly lower than HXS.TO's 11.99% return. Over the past 10 years, HUN.TO has underperformed HXS.TO with an annualized return of 6.09%, while HXS.TO has yielded a comparatively higher 15.90% annualized return.

HUN.TO

• 1D: -0.13%
• 1M: -6.67%
• YTD: -4.38%
• 6M: -11.35%
• 1Y: -16.44%
• 3Y*: -7.05%
• 5Y*: 6.04%
• 10Y*: 6.09%

HXS.TO

• 1D: -0.27%
• 1M: 7.20%
• YTD: 11.99%
• 6M: 10.17%
• 1Y: 29.00%
• 3Y*: 23.29%
• 5Y*: 16.64%
• 10Y*: 15.90%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HUN.TO Global X Natural Gas ETF	-4.38%	-5.60%	10.19%	-39.99%	52.18%	67.65%	8.69%	-11.59%	50.53%	-24.03%
HXS.TO Global X S&P 500 Index Corporate Class ETF	11.99%	11.93%	34.98%	23.22%	-12.72%	27.30%	15.78%	24.69%	3.03%	13.60%

Correlation

The correlation between HUN.TO and HXS.TO is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.30
Correlation (3Y) Calculated over the trailing 3-year period	-0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010	-0.00

Over the past year, the inverse relationship between HUN.TO and HXS.TO has strengthened: their correlation has moved from -0.00 to -0.30, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

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

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

HUN.TO

HUN.TO Risk / Return Rank: 4
HUN.TO Sharpe Ratio Rank: 4
HUN.TO Sortino Ratio Rank: 4
HUN.TO Omega Ratio Rank: 4
HUN.TO Calmar Ratio Rank: 4
HUN.TO Martin Ratio Rank: 4

HXS.TO

HXS.TO Risk / Return Rank: 71
HXS.TO Sharpe Ratio Rank: 74
HXS.TO Sortino Ratio Rank: 73
HXS.TO Omega Ratio Rank: 74
HXS.TO Calmar Ratio Rank: 66
HXS.TO Martin Ratio Rank: 67

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Natural Gas ETF (HUN.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.

	HUN.TO	HXS.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	2.46	-3.00
Sortino ratio: Return per unit of downside risk	-0.61	3.36	-3.97
Omega ratio: Gain probability vs. loss probability	0.93	1.45	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.65	3.33	-3.98
Martin ratio: Return relative to average drawdown	-1.00	12.62	-13.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HUN.TO Sharpe Ratio is -0.54, which is lower than the HXS.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of HUN.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.

Sharpe Ratios by Period

	HUN.TO	HXS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	2.46	-3.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	1.11	-0.96
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.97	-0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.02	-1.02

Drawdowns

HUN.TO vs. HXS.TO - Drawdown Comparison

The maximum HUN.TO drawdown since its inception was -85.33%, which is greater than HXS.TO's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for HUN.TO and HXS.TO.

Drawdown Indicators

	HUN.TO	HXS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-85.33%	-27.42%	-57.91%
Max Drawdown (1Y) Largest decline over 1 year	-25.56%	-8.74%	-16.82%
Max Drawdown (3Y) Largest decline over 3 years	-38.11%	-18.98%	-19.13%
Max Drawdown (5Y) Largest decline over 5 years	-68.00%	-22.63%	-45.37%
Max Drawdown (10Y) Largest decline over 10 years	-68.00%	-27.42%	-40.58%
Current Drawdown Current decline from peak	-66.12%	-0.27%	-65.85%
Average Drawdown Average peak-to-trough decline	-64.23%	-3.54%	-60.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.51%	2.30%	+14.21%

Volatility

HUN.TO vs. HXS.TO - Volatility Comparison

Global X Natural Gas ETF (HUN.TO) has a higher volatility of 6.11% compared to Global X S&P 500 Index Corporate Class ETF (HXS.TO) at 3.27%. This indicates that HUN.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.

Volatility by Period

	HUN.TO	HXS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	3.27%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	23.03%	8.83%	+14.20%
Volatility (1Y) Calculated over the trailing 1-year period	30.45%	11.85%	+18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.16%	15.13%	+26.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.86%	16.53%	+18.33%

HUN.TO vs. HXS.TO - Expense Ratio Comparison

HUN.TO has a 1.40% expense ratio, which is higher than HXS.TO's 0.10% expense ratio.

Dividends

HUN.TO vs. HXS.TO - Dividend Comparison

Neither HUN.TO nor HXS.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HUN.TO Global X Natural Gas ETF	0.00%	0.00%	12.17%	11.26%	5.52%	6.84%	9.49%	9.42%
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%

Frequently Asked Questions

Can I hold both HUN.TO and HXS.TO in my portfolio?

HUN.TO and HXS.TO have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HUN.TO or HXS.TO?

On fees, HXS.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HUN.TO or HXS.TO?

HXS.TO is cheaper with a 0.10% expense ratio, compared with 1.40% for HUN.TO.

What is the main difference between HUN.TO and HXS.TO?

HUN.TO is categorized as Commodities, while HXS.TO is S&P 500. HUN.TO tracks Solactive Natural Gas Winter MD Rolling Futures Index ER, while HXS.TO tracks S&P 500 Index. Their fees differ too: 1.40% for HUN.TO and 0.10% for HXS.TO.