HXEM.TO vs. CAEM.TO

Last updated Jun 4, 2026

HXEM.TO (Global X Emerging Markets Equity Index Corporate Class ETF) and CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) are both Emerging Markets Equities funds. HXEM.TO is passively managed, while CAEM.TO is actively managed. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

HXEM.TO vs. CAEM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Emerging Markets Equity Index Corporate Class ETF (HXEM.TO) and Avantis CIBC Emerging Markets Equity ETF (CAEM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HXEM.TO

• 1D: -0.87%
• 1M: 11.29%
• YTD: 28.95%
• 6M: 29.50%
• 1Y: 56.68%
• 3Y*: 24.44%
• 5Y*: 9.75%
• 10Y*: —

CAEM.TO

• 1D: -0.87%
• 1M: 9.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HXEM.TO vs. CAEM.TO - Yearly Performance Comparison

	2026 (YTD)
HXEM.TO Global X Emerging Markets Equity Index Corporate Class ETF	22.87%
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	17.42%

Correlation

The correlation between HXEM.TO and CAEM.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.88

Return for Risk

HXEM.TO vs. CAEM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HXEM.TO

HXEM.TO Risk / Return Rank: 85
HXEM.TO Sharpe Ratio Rank: 88
HXEM.TO Sortino Ratio Rank: 83
HXEM.TO Omega Ratio Rank: 87
HXEM.TO Calmar Ratio Rank: 85
HXEM.TO Martin Ratio Rank: 83

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.

HXEM.TO vs. CAEM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Equity Index Corporate Class ETF (HXEM.TO) and Avantis CIBC Emerging Markets Equity ETF (CAEM.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.

	HXEM.TO	CAEM.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.91	—	—
Sortino ratio: Return per unit of downside risk	3.72	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	4.61	—	—
Martin ratio: Return relative to average drawdown	16.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HXEM.TO	CAEM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	7.86	-7.21

Drawdowns

HXEM.TO vs. CAEM.TO - Drawdown Comparison

The maximum HXEM.TO drawdown since its inception was -35.00%, which is greater than CAEM.TO's maximum drawdown of -4.26%. Use the drawdown chart below to compare losses from any high point for HXEM.TO and CAEM.TO.

Drawdown Indicators

	HXEM.TO	CAEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-4.26%	-30.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.44%	—	—
Current Drawdown Current decline from peak	-0.87%	-0.87%	0.00%
Average Drawdown Average peak-to-trough decline	-13.75%	-0.74%	-13.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	—	—

Volatility

Volatility by Period

	HXEM.TO	CAEM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	19.42%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	19.42%	-2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	19.42%	-2.47%

Dividends

HXEM.TO vs. CAEM.TO - Dividend Comparison

Neither HXEM.TO nor CAEM.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HXEM.TO and CAEM.TO in my portfolio?

HXEM.TO and CAEM.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HXEM.TO and CAEM.TO?

They also come from different issuers: Global X and CIBC.