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HXDM.TO vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXDM.TO vs. HXQ.TO

Last updated Jun 4, 2026

HXDM.TO (Global X Intl Developed Markets Equity Index Corporate Class ETF) and HXQ.TO (Horizons NASDAQ-100 Index ETF) are both exchange-traded funds - HXDM.TO is a International Equity fund tracking the Global X EAFE Futures Roll Index (Total Return), while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, HXDM.TO returned 10.52%/yr vs 21.13%/yr for HXQ.TO. A 0.58 correlation means they provide meaningful diversification when combined. HXDM.TO charges 0.20%/yr vs 0.25%/yr for HXQ.TO.

Performance

HXDM.TO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) and Horizons NASDAQ-100 Index ETF (HXQ.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, HXDM.TO achieves a 9.69% return, which is significantly lower than HXQ.TO's 22.84% return.

HXDM.TO

1D
-0.48%
1M
5.65%
YTD
9.69%
6M
9.95%
1Y
21.59%
3Y*
16.62%
5Y*
10.52%
10Y*
—

HXQ.TO

1D
0.25%
1M
13.01%
YTD
22.84%
6M
19.20%
1Y
43.40%
3Y*
30.08%
5Y*
21.13%
10Y*
22.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXDM.TO vs. HXQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXDM.TO
Global X Intl Developed Markets Equity Index Corporate Class ETF		9.69%24.06%11.07%15.09%-8.78%10.16%4.59%15.19%-7.21%5.87%
HXQ.TO
Horizons NASDAQ-100 Index ETF		22.84%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%10.57%

Correlation

The correlation between HXDM.TO and HXQ.TO is 0.59, 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

0.59

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

0.56

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

0.60

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2017

0.58

The correlation between HXDM.TO and HXQ.TO has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

HXDM.TO vs. HXQ.TO - Sectors Allocation Comparison

Sectors
HXDM.TO
HXQ.TO

Financial Services

16.0%
0.3%

Industrials

14.7%
3.1%

Healthcare

14.4%
4.4%

Consumer Defensive

11.8%
4.4%

Consumer Cyclical

10.2%
13.2%

Technology

8.8%
55.9%

Basic Materials

7.5%
1.0%

Communication Services

6.2%
15.8%

Utilities

3.9%
1.4%

Energy

3.4%
0.5%

Real Estate

3.1%
0.2%

Financial Services

HXDM.TO
16.0%
HXQ.TO
0.3%

Industrials

HXDM.TO
14.7%
HXQ.TO
3.1%

Healthcare

HXDM.TO
14.4%
HXQ.TO
4.4%

Consumer Defensive

HXDM.TO
11.8%
HXQ.TO
4.4%

Consumer Cyclical

HXDM.TO
10.2%
HXQ.TO
13.2%

Technology

HXDM.TO
8.8%
HXQ.TO
55.9%

Basic Materials

HXDM.TO
7.5%
HXQ.TO
1.0%

Communication Services

HXDM.TO
6.2%
HXQ.TO
15.8%

Utilities

HXDM.TO
3.9%
HXQ.TO
1.4%

Energy

HXDM.TO
3.4%
HXQ.TO
0.5%

Real Estate

HXDM.TO
3.1%
HXQ.TO
0.2%

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Global X Intl Developed Markets Equity Index Corporate Class ETF

Horizons NASDAQ-100 Index ETF

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Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

HXDM.TO vs. HXQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXDM.TO
HXDM.TO Risk / Return Rank: 4141
Overall Rank
HXDM.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
HXDM.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
HXDM.TO Omega Ratio Rank: 4141
Omega Ratio Rank
HXDM.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
HXDM.TO Martin Ratio Rank: 4545
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 7575
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 8080
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6262
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.

HXDM.TO vs. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) and Horizons NASDAQ-100 Index ETF (HXQ.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.

HXDM.TOHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.46
2.80

-1.34

Sortino ratioReturn per unit of downside risk
2.09
3.65

-1.56

Omega ratioGain probability vs. loss probability

1.27

1.49

-0.22

Calmar ratioReturn relative to maximum drawdown

1.90

3.51

-1.61

Martin ratioReturn relative to average drawdown

7.36

11.28

-3.93

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

HXDM.TO vs. HXQ.TO - Sharpe Ratio Comparison

The current HXDM.TO Sharpe Ratio is 1.46, which is lower than the HXQ.TO Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of HXDM.TO and HXQ.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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Sharpe Ratios by Period

HXDM.TOHXQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

2.80

-1.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

1.02

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.09

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

1.08

-0.50

Drawdowns

HXDM.TO vs. HXQ.TO - Drawdown Comparison

The maximum HXDM.TO drawdown since its inception was -28.43%, smaller than the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for HXDM.TO and HXQ.TO.

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Drawdown Indicators

HXDM.TOHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.43%

-31.60%

+3.17%

Max Drawdown (1Y)

Largest decline over 1 year

-11.40%

-12.43%

+1.03%

Max Drawdown (3Y)

Largest decline over 3 years

-14.65%

-22.58%

+7.93%

Max Drawdown (5Y)

Largest decline over 5 years

-23.87%

-31.60%

+7.73%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.60%

—

Current Drawdown

Current decline from peak

-2.03%

0.00%

-2.03%

Average Drawdown

Average peak-to-trough decline

-4.75%

-5.75%

+1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

3.86%

-0.92%

Volatility

HXDM.TO vs. HXQ.TO - Volatility Comparison

Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) has a higher volatility of 5.80% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 4.63%. This indicates that HXDM.TO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXDM.TOHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.80%

4.63%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

12.54%

11.81%

+0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

14.92%

15.62%

-0.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.07%

20.76%

-6.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.42%

20.83%

-5.41%

HXDM.TO vs. HXQ.TO - Expense Ratio Comparison

HXDM.TO has a 0.20% expense ratio, which is lower than HXQ.TO's 0.25% 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

HXDM.TO vs. HXQ.TO - Dividend Comparison

Neither HXDM.TO nor HXQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

HXDM.TO and HXQ.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXDM.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXDM.TO is cheaper with a 0.20% expense ratio, compared with 0.25% for HXQ.TO.

HXDM.TO is categorized as International Equity, while HXQ.TO is Nasdaq-100. HXDM.TO tracks Global X EAFE Futures Roll Index (Total Return), while HXQ.TO tracks NASDAQ-100 Index. They also come from different issuers: Global X and Horizons. Their fees differ too: 0.20% for HXDM.TO and 0.25% for HXQ.TO.

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