HXE.TO vs. PHYS.TO
HXE.TO (Global X S&P/TSX Capped Energy Index Corporate Class ETF) is Energy Equities fund tracking the S&P/TSX Capped Energy Index (Total Return), while PHYS.TO (Sprott Physical Gold Trust) is a stock. Over the past 5 years, HXE.TO returned 29.94%/yr vs 20.78%/yr for PHYS.TO. At a correlation of -0.06, they often move in opposite directions.
Performance
HXE.TO vs. PHYS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXE.TO achieves a 44.48% return, which is significantly higher than PHYS.TO's 2.89% return.
HXE.TO
- 1D
- 1.90%
- 1M
- 0.21%
- YTD
- 44.48%
- 6M
- 43.26%
- 1Y
- 70.96%
- 3Y*
- 28.47%
- 5Y*
- 29.94%
- 10Y*
- 12.22%
PHYS.TO
- 1D
- -0.66%
- 1M
- 0.26%
- YTD
- 2.89%
- 6M
- 3.81%
- 1Y
- 32.90%
- 3Y*
- 31.40%
- 5Y*
- 20.78%
- 10Y*
- —
HXE.TO vs. PHYS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HXE.TO Global X S&P/TSX Capped Energy Index Corporate Class ETF | 44.48% | 17.30% | 14.39% | 3.95% | 53.52% | 81.48% | -33.82% | 10.05% | -21.37% |
PHYS.TO Sprott Physical Gold Trust | 2.89% | 56.35% | 37.41% | 10.65% | 4.96% | -5.37% | 21.38% | 12.13% | 4.21% |
Correlation
The correlation between HXE.TO and PHYS.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | -0.06 |
The correlation between HXE.TO and PHYS.TO shifts across timeframes, from -0.06 (all time) to 0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HXE.TO vs. PHYS.TO — Risk / Return Rank
HXE.TO
PHYS.TO
HXE.TO vs. PHYS.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 Sprott Physical Gold Trust (PHYS.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.
| HXE.TO | PHYS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.25 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.55 | 1.82 | +4.73 |
| Martin ratioReturn relative to average drawdown | 18.78 | 4.49 | +14.29 |
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
| HXE.TO | PHYS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 1.27 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 1.21 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.60 | -0.38 |
Drawdowns
HXE.TO vs. PHYS.TO - Drawdown Comparison
The maximum HXE.TO drawdown since its inception was -85.92%, which is greater than PHYS.TO's maximum drawdown of -27.08%. Use the drawdown chart below to compare losses from any high point for HXE.TO and PHYS.TO.
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Drawdown Indicators
| HXE.TO | PHYS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -27.08% | -58.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -18.14% | +7.26% |
Max Drawdown (3Y)Largest decline over 3 years | -25.34% | -18.14% | -7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.83% | -18.14% | -10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -80.40% | — | — |
Current DrawdownCurrent decline from peak | -3.75% | -16.29% | +12.54% |
Average DrawdownAverage peak-to-trough decline | -30.81% | -7.83% | -22.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 7.34% | -3.55% |
Volatility
HXE.TO vs. PHYS.TO - Volatility Comparison
Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) has a higher volatility of 9.76% compared to Sprott Physical Gold Trust (PHYS.TO) at 5.61%. This indicates that HXE.TO's price experiences larger fluctuations and is considered to be riskier than PHYS.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 | PHYS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 5.61% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.90% | 22.21% | -3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 26.13% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.24% | 17.21% | +12.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.75% | 26.82% | +6.93% |
Dividends
HXE.TO vs. PHYS.TO - Dividend Comparison
Neither HXE.TO nor PHYS.TO has paid dividends to shareholders.
Frequently Asked Questions
HXE.TO and PHYS.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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