HXE.TO vs. HXQ.TO
HXE.TO (Global X S&P/TSX Capped Energy Index Corporate Class ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - HXE.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index (Total Return), while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, HXE.TO returned 12.31%/yr vs 21.14%/yr for HXQ.TO. Their 0.10 correlation means their historical movements had little consistent relationship. HXE.TO charges 0.27%/yr vs 0.25%/yr for HXQ.TO.
Performance
HXE.TO vs. HXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXE.TO achieves a 46.03% return, which is significantly higher than HXQ.TO's 14.56% return. Over the past 10 years, HXE.TO has underperformed HXQ.TO with an annualized return of 12.31%, while HXQ.TO has yielded a comparatively higher 21.14% annualized return.
HXE.TO
- 1D
- 1.47%
- 1M
- 14.90%
- 6M
- 33.24%
- YTD
- 46.03%
- 1Y
- 66.82%
- 3Y*
- 25.08%
- 5Y*
- 33.12%
- 10Y*
- 12.31%
- ALL TIME*
- 7.13%
HXQ.TO
- 1D
- 0.69%
- 1M
- -5.98%
- 6M
- 12.81%
- YTD
- 14.56%
- 1Y
- 26.47%
- 3Y*
- 24.20%
- 5Y*
- 16.73%
- 10Y*
- 21.14%
- ALL TIME*
- 21.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$127.64K | CA$109.88K | CA$163.06K | |
| CA$2.97M | CA$3.02M | CA$3.91M |
HXE.TO vs. HXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXE.TO Global X S&P/TSX Capped Energy Index Corporate Class ETF | 46.03% | 17.30% | 14.39% | 3.95% | 53.52% | 81.48% | -33.82% | 10.05% | -26.98% | -12.23% |
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF | 14.56% | 15.05% | 35.98% | 51.16% | -27.84% | 26.20% | 45.58% | 32.26% | 6.71% | 23.12% |
Correlation
The correlation between HXE.TO and HXQ.TO is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016 | 0.10 |
The correlation between HXE.TO and HXQ.TO shifts across timeframes, from -0.11 (1 year) to 0.10 (10 years), reflecting how their relationship changes across market environments.
HXE.TO vs. HXQ.TO - Sectors Allocation Comparison
Sectors
HXE.TO
HXQ.TO
Energy
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Financial Services
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Energy
HXE.TO
HXQ.TO
Basic Materials
HXE.TO
-
HXQ.TO
Communication Services
HXE.TO
-
HXQ.TO
Consumer Cyclical
HXE.TO
-
HXQ.TO
Consumer Defensive
HXE.TO
-
HXQ.TO
Financial Services
HXE.TO
-
HXQ.TO
Healthcare
HXE.TO
-
HXQ.TO
Industrials
HXE.TO
-
HXQ.TO
Real Estate
HXE.TO
-
HXQ.TO
Technology
HXE.TO
-
HXQ.TO
Utilities
HXE.TO
-
HXQ.TO
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Return for Risk
HXE.TO vs. HXQ.TO — Risk / Return Rank
HXE.TO
HXQ.TO
HXE.TO vs. HXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) and Global X Nasdaq-100 Index Corporate Class 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.
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.
| HXE.TO | HXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 1.90 | +1.80 |
| Martin ratioReturn relative to average drawdown | 11.16 | 5.49 | +5.67 |
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Drawdowns
HXE.TO vs. HXQ.TO - Drawdown Comparison
The maximum HXE.TO drawdown since its inception was -85.92%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for HXE.TO and HXQ.TO.
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Drawdown Indicators
| HXE.TO | HXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -31.60% | -54.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -12.43% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.34% | -22.58% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.83% | -31.60% | +2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -80.40% | -31.60% | -48.80% |
Current DrawdownCurrent decline from peak | -2.71% | -7.80% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -30.54% | -5.72% | -24.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 4.30% | +1.23% |
Volatility
HXE.TO vs. HXQ.TO - Volatility Comparison
Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) has a higher volatility of 7.78% compared to Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) at 6.71%. This indicates that HXE.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
| HXE.TO | HXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 6.71% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 15.67% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.05% | 18.98% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.24% | 21.29% | +7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.81% | 21.07% | +12.74% |
HXE.TO vs. HXQ.TO - Expense Ratio Comparison
HXE.TO has a 0.27% expense ratio, which is higher than HXQ.TO's 0.25% 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%.
Dividends
HXE.TO vs. HXQ.TO - Dividend Comparison
Neither HXE.TO nor HXQ.TO has paid dividends to shareholders.
Frequently Asked Questions
HXE.TO and HXQ.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.27% for HXE.TO.
HXE.TO is categorized as Energy Equities, while HXQ.TO is Nasdaq-100. HXE.TO tracks S&P/TSX Capped Energy Index (Total Return), while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 0.27% for HXE.TO and 0.25% for HXQ.TO.
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