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HXCN.TO vs. XEG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXCN.TO vs. XEG.TO

Last updated Jul 1, 2026
See Documentation

HXCN.TO (Global X S&P/TSX Capped Composite Index Corporate Class ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - HXCN.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 5 years, HXCN.TO returned 15.03%/yr vs 25.66%/yr for XEG.TO. At a 0.47 correlation, their price movements are largely independent. HXCN.TO charges 0.05%/yr vs 0.60%/yr for XEG.TO.

Performance

HXCN.TO vs. XEG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HXCN.TO achieves a 12.64% return, which is significantly lower than XEG.TO's 25.59% return.

HXCN.TO

1D
1.59%
1M
2.19%
YTD
12.64%
6M
11.80%
1Y
34.50%
3Y*
23.96%
5Y*
15.03%
10Y*
—

XEG.TO

1D
-0.25%
1M
-7.91%
YTD
25.59%
6M
25.40%
1Y
45.16%
3Y*
22.26%
5Y*
25.66%
10Y*
10.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXCN.TO vs. XEG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HXCN.TO
Global X S&P/TSX Capped Composite Index Corporate Class ETF		12.64%31.20%21.60%11.98%-6.07%25.23%1.60%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		25.59%16.72%14.04%3.55%53.25%83.71%-26.41%

Correlation

The correlation between HXCN.TO and XEG.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.32

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Feb 10, 2020

0.47

Over the past year, the correlation between HXCN.TO and XEG.TO has dropped to 0.02 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

HXCN.TO vs. XEG.TO - Sectors Allocation Comparison

Sectors
HXCN.TO
XEG.TO

Financial Services

33.7%

-

Basic Materials

18.1%

-

Energy

17.4%
100.0%

Industrials

10.2%

-

Technology

7.4%

-

Consumer Cyclical

3.7%

-

Utilities

3.2%

-

Consumer Defensive

2.9%

-

Communication Services

1.9%

-

Real Estate

1.5%

-

Healthcare

0.1%

-

Financial Services

HXCN.TO
33.7%
XEG.TO

-

Basic Materials

HXCN.TO
18.1%
XEG.TO

-

Energy

HXCN.TO
17.4%
XEG.TO
100.0%

Industrials

HXCN.TO
10.2%
XEG.TO

-

Technology

HXCN.TO
7.4%
XEG.TO

-

Consumer Cyclical

HXCN.TO
3.7%
XEG.TO

-

Utilities

HXCN.TO
3.2%
XEG.TO

-

Consumer Defensive

HXCN.TO
2.9%
XEG.TO

-

Communication Services

HXCN.TO
1.9%
XEG.TO

-

Real Estate

HXCN.TO
1.5%
XEG.TO

-

Healthcare

HXCN.TO
0.1%
XEG.TO

-

Compare stocks, funds, or ETFs

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Global X S&P/TSX Capped Composite Index Corporate Class ETF

iShares S&P/TSX Capped Energy Index ETF

Often compared with HXCN.TO:
HXCN.TO vs. HXT.TOHXCN.TO vs. XIC.TOHXCN.TO vs. ZCN.TOHXCN.TO vs. HXS.TOHXCN.TO vs. VCN.TOHXCN.TO vs. XCV.TOHXCN.TO vs. HXH.TO
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

HXCN.TO vs. XEG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXCN.TO
HXCN.TO Risk / Return Rank: 8989
Overall Rank
HXCN.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
HXCN.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
HXCN.TO Omega Ratio Rank: 8989
Omega Ratio Rank
HXCN.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
HXCN.TO Martin Ratio Rank: 9090
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 6464
Overall Rank
XEG.TO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 6262
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 6363
Martin Ratio Rank
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.

HXCN.TO vs. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.

HXCN.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
2.67
1.94

+0.73

Sortino ratioReturn per unit of downside risk
3.48
2.44

+1.04

Omega ratioGain probability vs. loss probability

1.47

1.32

+0.15

Calmar ratioReturn relative to maximum drawdown

3.93

2.75

+1.18

Martin ratioReturn relative to average drawdown

16.96

9.67

+7.29

HXCN.TO vs. XEG.TO - Sharpe Ratio Comparison

The current HXCN.TO Sharpe Ratio is 2.67, which is higher than the XEG.TO Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of HXCN.TO and XEG.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.

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Drawdowns

HXCN.TO vs. XEG.TO - Drawdown Comparison

The maximum HXCN.TO drawdown since its inception was -37.09%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for HXCN.TO and XEG.TO.

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Drawdown Indicators

HXCN.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.09%

-87.51%

+50.42%

Max Drawdown (1Y)

Largest decline over 1 year

-8.81%

-16.47%

+7.66%

Max Drawdown (3Y)

Largest decline over 3 years

-12.49%

-25.67%

+13.18%

Max Drawdown (5Y)

Largest decline over 5 years

-16.27%

-28.42%

+12.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-79.66%

—

Current Drawdown

Current decline from peak

-0.00%

-16.47%

+16.47%

Average Drawdown

Average peak-to-trough decline

-4.07%

-34.58%

+30.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

4.68%

-2.64%

Volatility

HXCN.TO vs. XEG.TO - Volatility Comparison

The current volatility for Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) is 4.00%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 8.29%. This indicates that HXCN.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXCN.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

8.29%

-4.29%

Volatility (6M)

Calculated over the trailing 6-month period

10.38%

19.87%

-9.49%

Volatility (1Y)

Calculated over the trailing 1-year period

12.98%

23.35%

-10.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.80%

28.65%

-14.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.76%

33.38%

-15.62%

HXCN.TO vs. XEG.TO - Expense Ratio Comparison

HXCN.TO has a 0.05% expense ratio, which is lower than XEG.TO's 0.60% expense ratio.

Dividends

HXCN.TO vs. XEG.TO - Dividend Comparison

HXCN.TO has not paid dividends to shareholders, while XEG.TO's dividend yield for the trailing twelve months is around 2.93%.

PositionTTM20252024202320222021202020192018201720162015
HXCN.TO
Global X S&P/TSX Capped Composite 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%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.93%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

HXCN.TO and XEG.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXCN.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXCN.TO is cheaper with a 0.05% expense ratio, compared with 0.60% for XEG.TO.

HXCN.TO is categorized as Canada Equities, while XEG.TO is Energy Equities. HXCN.TO tracks S&P/TSX Capped Composite Index, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.05% for HXCN.TO and 0.60% for XEG.TO.

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