HXEM.TO vs. XDIV

Last updated Jun 4, 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. A 0.60 correlation means they provide meaningful diversification when combined. HXEM.TO charges 0.25%/yr vs 0.09%/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 28.95% return, which is significantly higher than XDIV's 12.04% return.

HXEM.TO

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

XDIV

• 1D: -0.27%
• 1M: 7.24%
• YTD: 12.04%
• 6M: 10.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HXEM.TO vs. XDIV - Yearly Performance Comparison

	2026 (YTD)	2025
HXEM.TO Global X Emerging Markets Equity Index Corporate Class ETF	28.95%	14.58%
XDIV Roundhill S&P 500 No Dividend Target ETF	12.04%	10.44%

Correlation

The correlation between HXEM.TO and XDIV is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.60

HXEM.TO vs. XDIV - Sectors Allocation Comparison

Sectors	HXEM.TO	XDIV
Real Estate	16.6%	1.9%
Basic Materials	-	1.8%
Communication Services	-	10.9%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.9%
Healthcare	-	8.4%
Industrials	-	8.1%
Technology	-	36.2%
Utilities	-	2.3%

Return for Risk

HXEM.TO vs. XDIV — 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. 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.

	HXEM.TO	XDIV	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	XDIV	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	2.19	-1.54

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 -8.85%. 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%	-8.85%	-26.15%
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%	-0.27%	-0.60%
Average Drawdown Average peak-to-trough decline	-13.75%	-1.50%	-12.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	—	—

Volatility

Volatility by Period

	HXEM.TO	XDIV	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%	12.26%	+7.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	12.26%	+4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	12.26%	+4.69%

HXEM.TO vs. XDIV - Expense Ratio Comparison

HXEM.TO has a 0.25% expense ratio, which is higher than XDIV's 0.09% 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 0.60, 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 0.09% 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 0.09% 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 0.09% for XDIV.