PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HXCN.TO vs. XIU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXCN.TO vs. XIU.TO

Last updated Jun 5, 2026

HXCN.TO (Global X S&P/TSX Capped Composite Index Corporate Class ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both Canada Equities funds - HXCN.TO tracks the S&P/TSX Capped Composite Index while XIU.TO tracks the S&P/TSX 60 Index. Both are passively managed. Over the past 5 years, HXCN.TO returned 15.13%/yr vs 14.66%/yr for XIU.TO. Their correlation of 0.91 suggests significant overlap in exposure. HXCN.TO charges 0.05%/yr vs 0.18%/yr for XIU.TO.

Performance

HXCN.TO vs. XIU.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 60 Index ETF (XIU.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with HXCN.TO having a 12.02% return and XIU.TO slightly lower at 11.56%.

HXCN.TO

1D
1.20%
1M
5.13%
YTD
12.02%
6M
13.04%
1Y
36.79%
3Y*
24.23%
5Y*
15.13%
10Y*
—

XIU.TO

1D
1.29%
1M
5.10%
YTD
11.56%
6M
12.35%
1Y
33.92%
3Y*
23.20%
5Y*
14.66%
10Y*
12.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
HXCN.TO
Global X S&P/TSX Capped Composite Index Corporate Class ETF		12.02%31.20%21.60%11.98%-6.07%25.23%1.15%
XIU.TO
iShares S&P/TSX 60 Index ETF		11.56%28.89%20.73%11.85%-6.35%28.06%0.74%

Correlation

The correlation between HXCN.TO and XIU.TO is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.95

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

0.94

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

0.93

Correlation (All Time)
Calculated using the full available price history since Feb 7, 2020

0.91

The correlation between HXCN.TO and XIU.TO has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

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

Sectors
HXCN.TO
XIU.TO

Financial Services

32.1%
39.4%

Energy

15.7%
18.6%

Basic Materials

15.6%
13.3%

Technology

11.2%
8.8%

Industrials

11.1%
7.9%

Consumer Cyclical

3.8%
4.1%

Utilities

3.4%
2.6%

Consumer Defensive

3.2%
3.2%

Communication Services

2.1%
2.0%

Real Estate

1.8%
0.2%

Healthcare

0.1%

-

Financial Services

HXCN.TO
32.1%
XIU.TO
39.4%

Energy

HXCN.TO
15.7%
XIU.TO
18.6%

Basic Materials

HXCN.TO
15.6%
XIU.TO
13.3%

Technology

HXCN.TO
11.2%
XIU.TO
8.8%

Industrials

HXCN.TO
11.1%
XIU.TO
7.9%

Consumer Cyclical

HXCN.TO
3.8%
XIU.TO
4.1%

Utilities

HXCN.TO
3.4%
XIU.TO
2.6%

Consumer Defensive

HXCN.TO
3.2%
XIU.TO
3.2%

Communication Services

HXCN.TO
2.1%
XIU.TO
2.0%

Real Estate

HXCN.TO
1.8%
XIU.TO
0.2%

Healthcare

HXCN.TO
0.1%
XIU.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

iShares S&P/TSX 60 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. XDIV.TO
Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO

Return for Risk

HXCN.TO vs. XIU.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: 8686
Overall Rank
HXCN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
HXCN.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
HXCN.TO Omega Ratio Rank: 8686
Omega Ratio Rank
HXCN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
HXCN.TO Martin Ratio Rank: 8787
Martin Ratio Rank
XIU.TO
XIU.TO Risk / Return Rank: 8787
Overall Rank
XIU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8686
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9090
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. XIU.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 60 Index ETF (XIU.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.

HXCN.TOXIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.93
2.89

+0.03

Sortino ratioReturn per unit of downside risk
3.75
3.86

-0.12

Omega ratioGain probability vs. loss probability

1.52

1.52

0.00

Calmar ratioReturn relative to maximum drawdown

4.20

4.45

-0.26

Martin ratioReturn relative to average drawdown

18.46

20.69

-2.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HXCN.TO Sharpe Ratio is 2.93, which is comparable to the XIU.TO Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of HXCN.TO and XIU.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.

Loading charts...

Sharpe Ratios by Period

HXCN.TOXIU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.93

2.89

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

1.15

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.51

+0.32

Drawdowns

HXCN.TO vs. XIU.TO - Drawdown Comparison

The maximum HXCN.TO drawdown since its inception was -37.09%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for HXCN.TO and XIU.TO.

Loading charts...

Drawdown Indicators

HXCN.TOXIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.09%

-52.31%

+15.22%

Max Drawdown (1Y)

Largest decline over 1 year

-8.81%

-7.65%

-1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-12.49%

-12.36%

-0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-16.27%

-16.36%

+0.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.46%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.10%

-11.62%

+7.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

1.64%

+0.36%

Volatility

HXCN.TO vs. XIU.TO - Volatility Comparison

Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) and iShares S&P/TSX 60 Index ETF (XIU.TO) have volatilities of 3.60% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HXCN.TOXIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

3.43%

+0.17%

Volatility (6M)

Calculated over the trailing 6-month period

10.09%

9.39%

+0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

12.65%

11.79%

+0.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.73%

12.79%

+0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.81%

15.01%

+2.80%

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

HXCN.TO has a 0.05% expense ratio, which is lower than XIU.TO's 0.18% 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

HXCN.TO vs. XIU.TO - Dividend Comparison

HXCN.TO has not paid dividends to shareholders, while XIU.TO's dividend yield for the trailing twelve months is around 2.17%.

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%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.17%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

With a correlation of 0.95, HXCN.TO and XIU.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 0.18% for XIU.TO.

HXCN.TO tracks S&P/TSX Capped Composite Index, while XIU.TO tracks S&P/TSX 60 Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.05% for HXCN.TO and 0.18% for XIU.TO.

Portfolio Optimizer

Find the right allocation for HXCN.TO and XIU.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