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

HXCN.TO vs. XMV.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) and iShares MSCI Min Vol Canada Index ETF (XMV.TO).

HXCN.TO and XMV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXCN.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on Feb 5, 2020. XMV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Jul 24, 2012. Both HXCN.TO and XMV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HXCN.TO vs. XMV.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 MSCI Min Vol Canada Index ETF (XMV.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020
HXCN.TO
Global X S&P/TSX Capped Composite Index Corporate Class ETF		4.55%31.20%21.60%11.98%-6.07%25.23%1.15%
XMV.TO
iShares MSCI Min Vol Canada Index ETF		3.63%17.87%15.63%10.94%-1.64%21.41%-6.43%

Returns By Period

In the year-to-date period, HXCN.TO achieves a 4.55% return, which is significantly higher than XMV.TO's 3.63% return.

HXCN.TO

1D
0.74%
1M
-4.24%
YTD
4.55%
6M
10.60%
1Y
34.72%
3Y*
21.31%
5Y*
14.86%
10Y*
—

XMV.TO

1D
0.32%
1M
-2.68%
YTD
3.63%
6M
4.14%
1Y
16.36%
3Y*
14.25%
5Y*
11.52%
10Y*
9.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares MSCI Min Vol Canada Index ETF

Often compared with HXCN.TO:
HXCN.TO vs. HXT.TOHXCN.TO vs. XIC.TOHXCN.TO vs. ZCN.TOHXCN.TO vs. XDIV.TOHXCN.TO vs. HXS.TOHXCN.TO vs. XCV.TOHXCN.TO vs. VCN.TO
Often compared with XMV.TO:
XMV.TO vs. XIC.TOXMV.TO vs. VEQT.TOXMV.TO vs. XMU.TOXMV.TO vs. XMW.TOXMV.TO vs. XMI.TOXMV.TO vs. XEQT.TOXMV.TO vs. VCE.TO

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

HXCN.TO has a 0.05% expense ratio, which is lower than XMV.TO's 0.33% expense ratio.

XMV.TO
iShares MSCI Min Vol Canada Index ETF
HXCN.TO
Global X S&P/TSX Capped Composite Index Corporate Class ETF

Return for Risk

HXCN.TO vs. XMV.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: 9292
Overall Rank
HXCN.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
HXCN.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
HXCN.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HXCN.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
HXCN.TO Martin Ratio Rank: 9393
Martin Ratio Rank
XMV.TO
XMV.TO Risk / Return Rank: 7676
Overall Rank
XMV.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XMV.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
XMV.TO Omega Ratio Rank: 7878
Omega Ratio Rank
XMV.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
XMV.TO Martin Ratio Rank: 7777
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. XMV.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 MSCI Min Vol Canada Index ETF (XMV.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.TOXMV.TODifference

Sharpe ratio

Return per unit of total volatility

2.23

1.46

+0.78

Sortino ratio

Return per unit of downside risk

2.85

1.97

+0.88

Omega ratio

Gain probability vs. loss probability

1.44

1.31

+0.13

Calmar ratio

Return relative to maximum drawdown

3.13

2.02

+1.12

Martin ratio

Return relative to average drawdown

14.51

8.71

+5.80

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. XMV.TO - Sharpe Ratio Comparison

The current HXCN.TO Sharpe Ratio is 2.23, which is higher than the XMV.TO Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of HXCN.TO and XMV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HXCN.TOXMV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

1.46

+0.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

1.12

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.73

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.84

-0.07

Correlation

The correlation between HXCN.TO and XMV.TO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HXCN.TO vs. XMV.TO - Dividend Comparison

HXCN.TO has not paid dividends to shareholders, while XMV.TO's dividend yield for the trailing twelve months is around 2.20%.

TTM20252024202320222021202020192018201720162015
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%
XMV.TO
iShares MSCI Min Vol Canada Index ETF		2.20%2.21%2.33%2.62%2.41%2.04%2.73%2.44%2.93%2.49%2.11%2.47%

Drawdowns

HXCN.TO vs. XMV.TO - Drawdown Comparison

The maximum HXCN.TO drawdown since its inception was -37.09%, roughly equal to the maximum XMV.TO drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for HXCN.TO and XMV.TO.

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Drawdown Indicators

HXCN.TOXMV.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.09%

-35.58%

-1.51%

Max Drawdown (1Y)

Largest decline over 1 year

-11.36%

-8.37%

-2.99%

Max Drawdown (5Y)

Largest decline over 5 years

-16.27%

-15.57%

-0.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.58%

—

Current Drawdown

Current decline from peak

-4.24%

-2.68%

-1.56%

Average Drawdown

Average peak-to-trough decline

-4.18%

-3.16%

-1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.45%

1.94%

+0.51%

Volatility

HXCN.TO vs. XMV.TO - Volatility Comparison

Global X S&P/TSX Capped Composite Index Corporate Class ETF (HXCN.TO) has a higher volatility of 5.16% compared to iShares MSCI Min Vol Canada Index ETF (XMV.TO) at 3.67%. This indicates that HXCN.TO's price experiences larger fluctuations and is considered to be riskier than XMV.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.TOXMV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.16%

3.67%

+1.49%

Volatility (6M)

Calculated over the trailing 6-month period

10.69%

8.12%

+2.57%

Volatility (1Y)

Calculated over the trailing 1-year period

15.62%

11.29%

+4.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.63%

10.38%

+3.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.95%

12.93%

+5.02%