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HXE.TO vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXE.TO vs. SCHD

Last updated Jun 24, 2026

HXE.TO (Global X S&P/TSX Capped Energy Index Corporate Class ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - HXE.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index (Total Return), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, HXE.TO returned 11.20%/yr vs 13.84%/yr for SCHD. At a 0.24 correlation, their price movements are largely independent. HXE.TO charges 0.27%/yr vs 0.06%/yr for SCHD.

Performance

HXE.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HXE.TO is traded in CAD, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HXE.TO achieves a 30.57% return, which is significantly higher than SCHD's 21.76% return. Over the past 10 years, HXE.TO has underperformed SCHD with an annualized return of 11.20%, while SCHD has yielded a comparatively higher 13.84% annualized return.

HXE.TO

1D
0.72%
1M
-10.95%
YTD
30.57%
6M
33.27%
1Y
43.04%
3Y*
26.13%
5Y*
26.83%
10Y*
11.20%

SCHD

1D
0.34%
1M
0.29%
YTD
21.76%
6M
20.80%
1Y
28.42%
3Y*
17.49%
5Y*
11.82%
10Y*
13.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXE.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Class ETF		30.57%17.30%14.39%3.95%53.52%81.48%-33.82%10.05%-26.98%-12.23%
SCHD
Schwab U.S. Dividend Equity ETF		21.71%-0.42%21.11%2.06%2.87%29.81%12.30%22.05%2.38%12.66%

Correlation

The correlation between HXE.TO and SCHD is 0.09, 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

0.09

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

0.23

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

0.27

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2013

0.24

The correlation between HXE.TO and SCHD shifts across timeframes, from 0.09 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.

HXE.TO vs. SCHD - Sectors Allocation Comparison

Sectors
HXE.TO
SCHD

Energy

100.0%
14.6%

Basic Materials

-

1.2%

Communication Services

-

6.0%

Consumer Cyclical

-

6.7%

Consumer Defensive

-

18.5%

Financial Services

-

9.1%

Healthcare

-

18.4%

Industrials

-

7.4%

Real Estate

-

-

Technology

-

19.4%

Utilities

-

0.0%

Energy

HXE.TO
100.0%
SCHD
14.6%

Basic Materials

HXE.TO

-

SCHD
1.2%

Communication Services

HXE.TO

-

SCHD
6.0%

Consumer Cyclical

HXE.TO

-

SCHD
6.7%

Consumer Defensive

HXE.TO

-

SCHD
18.5%

Financial Services

HXE.TO

-

SCHD
9.1%

Healthcare

HXE.TO

-

SCHD
18.4%

Industrials

HXE.TO

-

SCHD
7.4%

Real Estate

HXE.TO

-

SCHD

-

Technology

HXE.TO

-

SCHD
19.4%

Utilities

HXE.TO

-

SCHD
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

Schwab U.S. Dividend Equity ETF

Often compared with HXE.TO:
HXE.TO vs. XEG.TOHXE.TO vs. ENCC.TOHXE.TO vs. OILY.TOHXE.TO vs. EFX.TOHXE.TO vs. VDY.TOHXE.TO vs. CEW.TOHXE.TO vs. VCN.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

HXE.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXE.TO
HXE.TO Risk / Return Rank: 5656
Overall Rank
HXE.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
HXE.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
HXE.TO Omega Ratio Rank: 5151
Omega Ratio Rank
HXE.TO Calmar Ratio Rank: 6161
Calmar Ratio Rank
HXE.TO Martin Ratio Rank: 6161
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 7777
Overall Rank
SCHD Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8080
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7070
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9090
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7171
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.

HXE.TO vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
1.79
2.40

-0.61

Sortino ratioReturn per unit of downside risk
2.30
3.65

-1.35

Omega ratioGain probability vs. loss probability

1.31

1.42

-0.11

Calmar ratioReturn relative to maximum drawdown

2.82

6.89

-4.07

Martin ratioReturn relative to average drawdown

10.40

17.18

-6.78

HXE.TO vs. SCHD - Sharpe Ratio Comparison

The current HXE.TO Sharpe Ratio is 1.79, which is comparable to the SCHD Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of HXE.TO and SCHD, 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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Drawdowns

HXE.TO vs. SCHD - Drawdown Comparison

The maximum HXE.TO drawdown since its inception was -85.92%, which is greater than SCHD's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for HXE.TO and SCHD.

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Drawdown Indicators

HXE.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-85.92%

-27.31%

-58.61%

Max Drawdown (1Y)

Largest decline over 1 year

-15.35%

-4.14%

-11.21%

Max Drawdown (3Y)

Largest decline over 3 years

-25.34%

-15.24%

-10.10%

Max Drawdown (5Y)

Largest decline over 5 years

-28.83%

-15.24%

-13.59%

Max Drawdown (10Y)

Largest decline over 10 years

-80.40%

-27.31%

-53.09%

Current Drawdown

Current decline from peak

-13.02%

-1.09%

-11.93%

Average Drawdown

Average peak-to-trough decline

-30.71%

-3.04%

-27.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.35%

1.66%

+2.69%

Volatility

HXE.TO vs. SCHD - Volatility Comparison

Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) has a higher volatility of 9.00% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.95%. This indicates that HXE.TO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXE.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.00%

3.95%

+5.05%

Volatility (6M)

Calculated over the trailing 6-month period

19.96%

8.73%

+11.23%

Volatility (1Y)

Calculated over the trailing 1-year period

24.17%

11.90%

+12.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.33%

15.56%

+13.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.78%

17.83%

+15.95%

HXE.TO vs. SCHD - Expense Ratio Comparison

HXE.TO has a 0.27% expense ratio, which is higher than SCHD's 0.06% 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. SCHD - Dividend Comparison

HXE.TO has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.30%.

PositionTTM20252024202320222021202020192018201720162015
HXE.TO
Global X S&P/TSX Capped Energy 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%
SCHD
Schwab U.S. Dividend Equity ETF		3.30%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%

Frequently Asked Questions

HXE.TO and SCHD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHD is cheaper with a 0.06% expense ratio, compared with 0.27% for HXE.TO.

HXE.TO is categorized as Energy Equities, while SCHD is Dividend. HXE.TO tracks S&P/TSX Capped Energy Index (Total Return), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Global X and Charles Schwab. Their fees differ too: 0.27% for HXE.TO and 0.06% for SCHD.

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