HXEM.TO vs. XDIV

Last updated Aug 5, 2026

HXEM.TO (Global X Emerging Markets Equity Index Corporate Class ETF) and XDIV (Roundhill S&P 500 No Dividend Target ETF) are both exchange-traded funds - HXEM.TO is a Emerging Markets Equities fund tracking the Global X Emerging Markets Futures Roll Index (Total Return), while XDIV is a S&P 500 fund actively managed by Roundhill. HXEM.TO is passively managed, while XDIV is actively managed. Over the past year, HXEM.TO returned 41.52% vs 26.17% for XDIV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. HXEM.TO charges 0.25%/yr vs 0.08%/yr for XDIV.

Performance

HXEM.TO vs. XDIV - 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 Roundhill S&P 500 No Dividend Target ETF (XDIV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HXEM.TO achieves a 23.89% return, which is significantly higher than XDIV's 16.35% return.

HXEM.TO

• 1D: 3.14%
• 1M: -4.23%
• 6M: 14.62%
• YTD: 23.89%
• 1Y: 41.52%
• 3Y*: 21.64%
• 5Y*: 9.30%
• 10Y*: —
• ALL TIME*: 9.91%

XDIV

• 1D: 2.05%
• 1M: 2.17%
• 6M: 15.48%
• YTD: 16.35%
• 1Y: 26.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HXEM.TO Global X Emerging Markets Equity Index Corporate Class ETF	CA$477.01K	CA$596.88K	CA$520.28K
XDIV Roundhill S&P 500 No Dividend Target ETF	CA$1.00M	CA$806.94K	CA$760.09K

HXEM.TO vs. XDIV - Yearly Performance Comparison

	2026 (YTD)	2025
HXEM.TO Global X Emerging Markets Equity Index Corporate Class ETF	23.89%	14.61%
XDIV Roundhill S&P 500 No Dividend Target ETF	16.35%	10.16%

Correlation

The correlation between HXEM.TO and XDIV is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.62

The correlation between HXEM.TO and XDIV has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.

HXEM.TO vs. XDIV - Sectors Allocation Comparison

Sectors	HXEM.TO	XDIV
Technology	45.9%	38.5%
Financial Services	18.2%	11.6%
Consumer Cyclical	7.4%	9.5%
Industrials	6.2%	8.4%
Communication Services	6.0%	9.9%
Basic Materials	5.4%	1.7%
Energy	3.2%	3.0%
Consumer Defensive	2.5%	4.5%
Healthcare	2.5%	8.9%
Utilities	1.8%	2.2%
Real Estate	0.9%	1.8%

Return for Risk

HXEM.TO vs. XDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HXEM.TO

HXEM.TO Risk / Return Rank: 65
HXEM.TO Sharpe Ratio Rank: 63
HXEM.TO Sortino Ratio Rank: 57
HXEM.TO Omega Ratio Rank: 66
HXEM.TO Calmar Ratio Rank: 71
HXEM.TO Martin Ratio Rank: 66

XDIV

XDIV Risk / Return Rank: 71
XDIV Sharpe Ratio Rank: 71
XDIV Sortino Ratio Rank: 70
XDIV Omega Ratio Rank: 71
XDIV Calmar Ratio Rank: 67
XDIV Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HXEM.TO vs. XDIV - 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 Roundhill S&P 500 No Dividend Target ETF (XDIV). 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.

	HXEM.TO	XDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.95	-0.26
Sortino ratio: Return per unit of downside risk	2.24	2.75	-0.51
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	2.81	2.86	-0.05
Martin ratio: Return relative to average drawdown	9.04	10.53	-1.50

HXEM.TO vs. XDIV - Sharpe Ratio Comparison

The current HXEM.TO Sharpe Ratio is 1.69, which is comparable to the XDIV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of HXEM.TO and XDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HXEM.TO vs. XDIV - Drawdown Comparison

The maximum HXEM.TO drawdown since its inception was -35.00%, which is greater than XDIV's maximum drawdown of -9.19%. Use the drawdown chart below to compare losses from any high point for HXEM.TO and XDIV.

Drawdown Indicators

	HXEM.TO	XDIV	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-9.19%	-25.81%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	-9.19%	-5.66%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.64%	—	—
Current Drawdown Current decline from peak	-7.81%	0.00%	-7.81%
Average Drawdown Average peak-to-trough decline	-13.54%	-1.54%	-12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	2.49%	+2.12%

Volatility

HXEM.TO vs. XDIV - Volatility Comparison

Global X Emerging Markets Equity Index Corporate Class ETF (HXEM.TO) has a higher volatility of 9.30% compared to Roundhill S&P 500 No Dividend Target ETF (XDIV) at 4.06%. This indicates that HXEM.TO's price experiences larger fluctuations and is considered to be riskier than XDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HXEM.TO	XDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.30%	4.06%	+5.24%
Volatility (6M) Calculated over the trailing 6-month period	22.55%	10.63%	+11.92%
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	13.49%	+11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	13.19%	+5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	13.19%	+4.73%

HXEM.TO vs. XDIV - Expense Ratio Comparison

HXEM.TO has a 0.25% expense ratio, which is higher than XDIV's 0.08% 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

HXEM.TO vs. XDIV - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

HXEM.TO and XDIV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HXEM.TO or XDIV?

On fees, XDIV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HXEM.TO or XDIV?

XDIV is cheaper with a 0.08% expense ratio, compared with 0.25% for HXEM.TO.

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

HXEM.TO is categorized as Emerging Markets Equities, while XDIV is S&P 500. They also come from different issuers: Global X and Roundhill. Their fees differ too: 0.25% for HXEM.TO and 0.08% for XDIV.