HXH.TO vs. HXQ.TO
HXH.TO (Global X Canadian High Dividend Index Corporate Class ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - HXH.TO is a Canada Equities fund tracking the Solactive Canadian High Dividend Yield Index, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, HXH.TO returned 12.20%/yr vs 21.14%/yr for HXQ.TO. Their 0.20 correlation means their historical movements had little consistent relationship. HXH.TO charges 0.11%/yr vs 0.25%/yr for HXQ.TO.
Performance
HXH.TO vs. HXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXH.TO achieves a 25.25% return, which is significantly higher than HXQ.TO's 14.56% return. Over the past 10 years, HXH.TO has underperformed HXQ.TO with an annualized return of 12.20%, while HXQ.TO has yielded a comparatively higher 21.14% annualized return.
HXH.TO
- 1D
- -0.23%
- 1M
- 3.99%
- 6M
- 21.03%
- YTD
- 25.25%
- 1Y
- 42.71%
- 3Y*
- 23.27%
- 5Y*
- 17.45%
- 10Y*
- 12.20%
- ALL TIME*
- 12.39%
HXQ.TO
- 1D
- 0.69%
- 1M
- -5.98%
- 6M
- 12.81%
- YTD
- 14.56%
- 1Y
- 26.47%
- 3Y*
- 24.20%
- 5Y*
- 16.73%
- 10Y*
- 21.14%
- ALL TIME*
- 21.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$171.87K | CA$164.71K | CA$187.22K | |
| CA$2.97M | CA$3.02M | CA$3.91M |
HXH.TO vs. HXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXH.TO Global X Canadian High Dividend Index Corporate Class ETF | 25.25% | 25.86% | 15.24% | 6.33% | 5.00% | 34.51% | -7.66% | 22.17% | -14.86% | 8.10% |
HXQ.TO Global X Nasdaq-100 Index Corporate Class ETF | 14.56% | 15.05% | 35.98% | 51.16% | -27.84% | 26.20% | 45.58% | 32.26% | 6.71% | 23.12% |
Correlation
The correlation between HXH.TO and HXQ.TO is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016 | 0.20 |
The correlation between HXH.TO and HXQ.TO shifts across timeframes, from 0.01 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
HXH.TO vs. HXQ.TO - Sectors Allocation Comparison
Sectors
HXH.TO
HXQ.TO
Real Estate
Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Financial Services
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Healthcare
-
Industrials
-
Technology
-
Utilities
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Real Estate
HXH.TO
HXQ.TO
Basic Materials
HXH.TO
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HXQ.TO
Communication Services
HXH.TO
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HXQ.TO
Consumer Cyclical
HXH.TO
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HXQ.TO
Consumer Defensive
HXH.TO
-
HXQ.TO
Energy
HXH.TO
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HXQ.TO
Financial Services
HXH.TO
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HXQ.TO
Healthcare
HXH.TO
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HXQ.TO
Industrials
HXH.TO
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HXQ.TO
Technology
HXH.TO
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HXQ.TO
Utilities
HXH.TO
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HXQ.TO
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Return for Risk
HXH.TO vs. HXQ.TO — Risk / Return Rank
HXH.TO
HXQ.TO
HXH.TO vs. HXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) and Global X Nasdaq-100 Index Corporate Class ETF (HXQ.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.
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.
| HXH.TO | HXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.62 | ||
| Sortino ratioReturn per unit of downside risk | +5.51 | ||
| Omega ratioGain probability vs. loss probability | 1.99 | 1.23 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 16.64 | 1.90 | +14.74 |
| Martin ratioReturn relative to average drawdown | 49.99 | 5.49 | +44.49 |
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Drawdowns
HXH.TO vs. HXQ.TO - Drawdown Comparison
The maximum HXH.TO drawdown since its inception was -40.80%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for HXH.TO and HXQ.TO.
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Drawdown Indicators
| HXH.TO | HXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -31.60% | -9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -12.43% | +9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -10.55% | -22.58% | +12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.48% | -31.60% | +16.12% |
Max Drawdown (10Y)Largest decline over 10 years | -40.80% | -31.60% | -9.20% |
Current DrawdownCurrent decline from peak | -0.43% | -7.80% | +7.37% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -5.72% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 4.30% | -3.46% |
Volatility
HXH.TO vs. HXQ.TO - Volatility Comparison
The current volatility for Global X Canadian High Dividend Index Corporate Class ETF (HXH.TO) is 2.78%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 6.71%. This indicates that HXH.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HXH.TO | HXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 6.71% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 15.67% | -9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 18.98% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.09% | 21.29% | -9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 21.07% | -5.06% |
HXH.TO vs. HXQ.TO - Expense Ratio Comparison
HXH.TO has a 0.11% expense ratio, which is lower than HXQ.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HXH.TO vs. HXQ.TO - Dividend Comparison
Neither HXH.TO nor HXQ.TO has paid dividends to shareholders.
Frequently Asked Questions
HXH.TO and HXQ.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXH.TO is cheaper with a 0.11% expense ratio, compared with 0.25% for HXQ.TO.
HXH.TO is categorized as Canada Equities, while HXQ.TO is Nasdaq-100. HXH.TO tracks Solactive Canadian High Dividend Yield Index, while HXQ.TO tracks NASDAQ-100 Index. Their fees differ too: 0.11% for HXH.TO and 0.25% for HXQ.TO.
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