HXDM.TO vs. USCL.TO
Compare and contrast key facts about Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) and Global X Enhanced S&P 500 Covered Call ETF (USCL.TO).
HXDM.TO and USCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXDM.TO is a passively managed fund by Global X that tracks the performance of the Global X EAFE Futures Roll Index (Total Return). It was launched on Sep 26, 2017. USCL.TO is an actively managed fund by Global X. It was launched on Jul 5, 2023.
Performance
HXDM.TO vs. USCL.TO - Performance Comparison
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HXDM.TO vs. USCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF | 2.29% | 24.06% | 11.07% | 7.17% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | -5.43% | 10.03% | 38.54% | 4.33% |
Returns By Period
In the year-to-date period, HXDM.TO achieves a 2.29% return, which is significantly higher than USCL.TO's -5.43% return.
HXDM.TO
- 1D
- 3.24%
- 1M
- -6.15%
- YTD
- 2.29%
- 6M
- 5.18%
- 1Y
- 17.67%
- 3Y*
- 14.27%
- 5Y*
- 9.58%
- 10Y*
- —
USCL.TO
- 1D
- 0.00%
- 1M
- -6.20%
- YTD
- -5.43%
- 6M
- -3.57%
- 1Y
- 8.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HXDM.TO vs. USCL.TO - Expense Ratio Comparison
HXDM.TO has a 0.20% expense ratio, which is higher than USCL.TO's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
HXDM.TO vs. USCL.TO — Risk / Return Rank
HXDM.TO
USCL.TO
HXDM.TO vs. USCL.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 Global X Enhanced S&P 500 Covered Call ETF (USCL.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.TO | USCL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.45 | +0.59 |
Sortino ratioReturn per unit of downside risk | 1.48 | 0.76 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.67 | +0.81 |
Martin ratioReturn relative to average drawdown | 5.58 | 2.74 | +2.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HXDM.TO | USCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.45 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.04 | -0.50 |
Correlation
The correlation between HXDM.TO and USCL.TO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HXDM.TO vs. USCL.TO - Dividend Comparison
HXDM.TO has not paid dividends to shareholders, while USCL.TO's dividend yield for the trailing twelve months is around 13.76%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HXDM.TO Global X Intl Developed Markets Equity Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 13.76% | 12.94% | 11.57% | 7.08% |
Drawdowns
HXDM.TO vs. USCL.TO - Drawdown Comparison
The maximum HXDM.TO drawdown since its inception was -28.43%, which is greater than USCL.TO's maximum drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for HXDM.TO and USCL.TO.
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Drawdown Indicators
| HXDM.TO | USCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.43% | -21.85% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -14.94% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | — | — |
Current DrawdownCurrent decline from peak | -6.80% | -8.56% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -2.66% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.63% | -0.54% |
Volatility
HXDM.TO vs. USCL.TO - Volatility Comparison
Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM.TO) has a higher volatility of 7.89% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 5.13%. This indicates that HXDM.TO's price experiences larger fluctuations and is considered to be riskier than USCL.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.TO | USCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 5.13% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 9.48% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 20.04% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 15.62% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 15.62% | -0.28% |